While a strong default option is crucial, plan sponsors shouldn’t forget about the importance of effective member engagement when it comes to their pension plans. That was one of the key messages from John Chilman, group reward and pensions director at FirstGroup in Britain, during his presentation at Benefits Canada‘s 2016 DC Plan Summit. He spoke […]
When it comes to pensions, effective member engagement requires tailored efforts, said David Morrell, director of university benefits at the State University of New York. At Benefits Canada‘s 2016 DC Plan Summit, Morrell discussed the university’s optional retirement plan, the largest public defined contribution retirement plan in the United States. “We’re huge, we’re very diverse, we […]
Everyone has heard the statistic that replacing 70 per cent of pre-retirement earnings will lead to retirement income adequacy. But where did that magic number come from? And is it actually a successful benchmark in practice and not just in theory? At the 2016 DC Plan Summit, Bonnie-Jeanne MacDonald, an actuary and academic researcher at […]
How can plan sponsors build a defensive portfolio to manage volatility? They may want to consider low-volatility equities, said Kristen Colvin, director of consultant relations for the United States at MFS Investment Management. “We know that there are investment realities related to volatility,” Colvin told Benefits Canada’s DC Plan Summit in Montreal in February. “Volatility […]
Since the early days of radio, the music industry has come a long way as listeners can now customize playlists on their personal devices. A similar evolution to personalized options is emerging in the defined contribution space, according to Zaheed Jiwani, senior vice-president for client strategy at Greystone Managed Investments Inc. At Benefits Canada‘s 2016 DC […]
During the DC Plan Summit, participants broke off into small groups to discuss the major challenges facing plan sponsors. Here are some highlights of the sessions and key takeaways for participants: Moderator: Amanda Fickling, director, marketing and communications, group retirement services, Great West Life Topic: The right number: How much is enough? How much is […]
During the DC Plan Summit, participants broke off into small groups to discuss the major challenges facing plan sponsors. Here are some highlights of the sessions and key takeaways for participants: Moderator: Janick Chouinard, vice-president, client relations and participant experience, Desjardins Insurance Topic: New risks and the DC model The shift to defined contribution pension […]
During the DC Plan Summit, participants broke off into small groups to discuss the major challenges facing plan sponsors. Here are some highlights of the sessions and key takeaways for participants: Moderator: Jean-François Pelletier, regional vice-president, Quebec, group retirement services, Sun Life Financial Topic: Retirement readiness in the DC world For many plan sponsors, income […]
While Canadians rely on individual savings more than they have in the past due to the decline in defined benefit pension plans, they’re susceptible to behavioural reactions during market downturns. Chris Moeder, senior research analyst in the global asset allocation group at Fidelity Investments, used his presentation during the 2016 DC Plan Summit to highlight […]
The default funds of the past may not meet members’ needs in the future because people are living longer and not saving enough amid an environment of low returns and a weak forecast for bonds, said Lesley-Ann Morgan, global head of defined contribution at Schroders. At the 2016 DC Plan Summit, Morgan outlined her concerns […]