Past Event: DC Investment Forum

October 05-06, 2016
The Ritz-Carlton Hotel, Toronto

Benefits Canada is pleased to announce the 9th Annual Defined Contribution Investment Forum.

The theme of this year's conference is:

To and Through? DC Investing for a Lifetime

From engaging millennials to enrol early, to ensuring retirees have enough during the drawdown stage, there is no shortage of challenges for DC plan sponsors. What investment techniques can be used to support plan members leading up to, and through, retirement? How can investment decisions impact retirement outcomes? What innovations in DC investments are on the horizon? How can you as a plan sponsor help your members choose the best investment option for them? And is this your responsibility? At the 2016 DC Investment Forum, expert speakers will dig deeper into the investment challenges facing DC plan members,  explore how behavioural economics and plan member engagement cannot be ignored and highlight the important role investments play from the early days in the workforce to the decumulation stage.  

The DC Investment Forum is an exclusive, educational event that will bring together senior representatives from Canada’s largest DC pension plans as well as academics and leading providers. Stakeholders will gather to share their views, practices and theories on this increasingly important retirement planning strategy.

The event is free for senior DC plan decision-makers, investment consultants and invited guests.

Please note: Due to the limited availability of space, any plan sponsors who require accommodation the evening of October 5th must now contact Joanne Boccia directly for arrangement.

Attendance is subject to approval. Please contact Alison Webb.

Tweet questions before or during the event to #DCIF16 and @BenCanMag.

Untitled Document


Ritz-Carlton Hotel, Toronto

Wednesday October 5, 2016

6:30 p.m.
Cocktail Reception

7:30 p.m.
Opening Dinner Reception

Thursday October 6, 2016

7:30-8:25 a.m.
Breakfast and Registration

8:25-8:35 a.m.
Opening remarks

8:35 a.m.-9:35 a.m.

Session One -- Behavioural Finance: Implications for DC Investing

Behavioural finance is a relatively new and rising field that seeks to understand the way human nature shapes financial decisions. As DC retirement plans increasingly become the norm, there is a rising potential for investors' behavioural biases to adversely affect their financial well-being in retirement. We will consider the many ways in which cognitive biases and natural human tendencies can lead to sub-optimal investor decisions in the DC context. And we will discuss ways in which advisors and plan sponsors can use behavioural tools to help improve financial outcomes for their participants.

Lisa Kramer,
professor of Finance, University of Toronto

This presentation is currently unavailable to download

9:35-10:05 a.m.

Session Two -- Is my plan using the right target-date fund?

Defined contribution plans predominantly offer target-date funds (TDFs) as their default investment option. Consequently, TDF due diligence and customization have become prime concerns for plan sponsors. Join us for a discussion about how to evaluate your TDF options in the context of plan and participant objectives.

Matthew Brancato,
departmental head, institutional investor group, Vanguard

This presentation is currently unavailable to download

10:05-10:35 a.m.
Networking Break

10:35-11:05 a.m.

Session Three -- Target Return Investing....because no one can predict the future

With the prospect of low future returns, record low interest rates and ongoing market volatility, plan sponsors are increasingly challenged to offer investment solutions that will help their members reach their retirement goals. Hear how outcome-oriented investing can provide a smoother ride for your members in these unpredictable times.

Rahul Khasgiwale, investment director, multi assets, Aviva Investors
Pat Leo,
director, institutional business, Sun Life Global Investments

[Download the Presentation]

11:05-11:35 a.m.

Session Four -- Lifecycle Investing
A new research framework is now available to help answer a wide range of lifecycle investing questions with insights on the optimal savings rates, drawdown patterns and investment strategies, including a definitive response to the “to versus through” question. The presentation will also touch on the impact of this new research on the design of TDFs across various countries.

Matthew O'Hara, managing director, Blackrock

This presentation is currently unavailable to download

11:35 a.m.-12:05 p.m.

Session Five -- Legal Issues Surrounding Participant Investment Decisions in DC Plans
In this session, Kathryn Bush, partner at Blake, Cassels & Graydon LLP will discuss some legal issues surrounding participant investment decisions. She will look at best practices not always followed and discuss communication materials necessary for participants to make informed decisions. She will also explore how investment options can be changed and considerations surround default fund options. In addition, she will discuss requiring higher investment management fees post termination of employment.

Kathryn Bush, partner, Blake, Cassels & Graydone LLP

[Download the Presentation]

12:05-1:00 p.m.


1:00-1:30 p.m.

Session Six -- PPA 10 years later: What are the effects on outcomes in DC plans?

The Pension Protection Act of 2006 is now ten years old. While it has proved effective in improving some areas of DC retirement outcomes, there is still the opportunity for improvements in key areas of plan design: plan member participation, savings rates, and asset allocation. In this session, Katie Taylor will examine the PPA in order to identify the effects on outcomes in DC plans.

Katie Taylor, director, thought leadership, Fidelity Investments

[Download the Presentation]

1:30-2:30 p.m.

Session Seven -- Panel: Investing for a multi-generational workforce- From Millennials through to Retirees

For the first time ever, Canadian DC plan sponsors must consider that there are four generations active in the workforce and one generation in the decumulation stage. What observed behaviours are experts seeing from these generations? How has the economic landscape influenced this? How can employers select investment options that will meet the needs of baby boomers, generations X, millennials and the upcoming iGen? What considerations should go into choosing a default with these generations in mind? And what are the communications challenges for engaging these generations at different stages throughout their careers? In this moderated panel, experts will discuss the investment considerations for plans with a multi-generational workforce. Panellists will also explore global trends in DC investment.

Shelly Redwood,
pension consultant, group retirement services division, Corporate Benefit Analysts Inc.

Matthew Brancato, departmental head, institutional investor group, Vanguard
Pat Leo, director, institutional business, Sun Life Global Investments
Katie Taylor, director, thought leadership, Fidelity Investments

This presentation is currently unavailable to download

2:30-3:30 p.m.

Session Eight -- 2016 Was a Year of Challenges, What Will 2017 Hold for the Canadian Economy?
2016 presented the Canadian economy with a number of challenges such as a major shutdown of oil sands production and the Brexit vote in the U.K. Some of these challenges were short-lived while others are likely to be more long lasting. The presentation will project forward these and other developments and the likely course that the Canadian economy, along with the provinces, will take in 2017. The presentation will also touch on the implications for Bank of Canada policy and the Canadian dollar.

Paul Ferley,
assistant chief economist, RBC

[Download the Presentation]

TwitterTweet questions before or during the event to #DCIF16 and @BenCanMag.

If you have questions or suggestions for the agenda please contact Lauren Harris, Conference Editor at Benefits Canada

DC Investment Forum - Speakers


Paul Ferley

Paul Ferley

As assistant chief economist, Ferley is responsible for the analysis and forecasting of macroeconomic and financial market developments in Canada, the United States and key overseas economies and is a regular contributor to a number of RBC publications. A graduate of Queen's University and the University of Manitoba, Ferley joined the Economics Department of RBC in 2007 after working for twenty years at another major financial institution where he was responsible for generating the macroeconomic outlook for the United States, Canada and Canadian regional economies. He started his professional career as an economist in the Research Department at the Bank of Canada. Ferley is a member of the Economic Policy Committee of the Canadian Chamber of Commerce and former member on the Editorial Board of Canadian Public Policy/Analyse de politiques. Ferley is also past president and director of the Toronto Association of Business and Economics (TABE).

Lisa Kramer

Lisa Kramer

Lisa Kramer is professor of Finance at the University of Toronto. An expert in behavioural finance, she studies the way human characteristics such as risk aversion, mood, and emotions play a role in investor decisions and financial markets, with implications for asset pricing, investments, capital markets, and corporate decisions. Her work has appeared in economics, finance, and psychology journals, including the American Economic Review, the Journal of Financial and Quantitative Analysis, and Social Psychological and Personality Science. Her research findings have been profiled by the popular media, including The National Post, The Globe and Mail, The Wall Street Journal, The Washington Post, Bloomberg Business, and Business Week. Originally from Vancouver, her PhD in finance is from the University of British Columbia and her undergraduate degree in economics and finance (honours) is from Simon Fraser University. Lisa recently spent a year as a Visiting Scholar in the Department of Psychology at Stanford University. She teaches undergraduate and graduate courses on behavioural finance and investments.


Kathryn Bush

Kathryn Bush

Kathryn Bush is a partner at Blakes, Cassels & Graydone LLP. She is involved in all aspects of income tax as well as pension and employee benefits law. She has successfully represented many clients in all levels of courts, including the Supreme Court of Canada, and has received the highest ranking possible nationally and internationally. Bush was appointed to ACPM's National Policy Committee and was an adviser to the Ontario Expert Commission on Pensions. She is a former vice-chair of the Financial Services Commission of Ontario, the Financial Services Tribunal and the Pension Commission of Ontario. She is also a member of the International Bar Association, the International Pension and Employee Benefits Lawyers Association and the Canadian Bar Association, and is North America regional vice-chair for Lex Mundi. Bush has written on a wide range of topics in the areas of income taxation as well as pension and employee benefits. She has been the co-editor of the Canadian Bar Association Pension and Benefits Newsletter and has taught for a number of years at The Law Society of Upper Canada's bar admissions and continuing legal education courses.

Matthew C. Brancato

Matthew C. Brancato

Matthew Brancato is a department head at Vanguard Institutional Investor Group, responsible for DC Advisory Services. He previously was the Target Retirement Fund product manager, where he worked on product strategy and asset allocation for Vanguard's global multiasset class products, including the Target Retirement Funds. Over the course of his career, Brancato has worked in various roles, including operational finance and accounting, real estate valuation, investment research and corporate strategy. Brancato earned an M.B.A. from Duke University's Fuqua School of Business and a B.B.A. from James Madison University. He holds FINRA series 6 and 63 licenses, is a CFA charterholder and a certified public accountant. Brancato is also a member of the CFA Institute and the CFA Society of Philadelphia.

Rahul Khasgiwale

Rahul Khasgiwale

Rahul Khasgiwale is an investment specialist for multi-strategy and outcome-orientated offerings including AIMS and is based in Toronto, Canada. He works closely with our multi-strategy investment team to represent the investment process, portfolio positioning and performance to clients and consultants in North America. Khasgiwale joined Aviva Investors from Manulife Asset Management where he was Investment Director for Multi-Asset solutions. Prior, Rahul was an Absolute Return Investment Director at Standard Life Investments focused on retail and institutional clients and consultants in Canada. He began his career at HSBC Global Asset Management, where he held a variety of senior investment roles based in the UK, Switzerland, Middle East and Canada across a twelve year period. Khasgiwale is a CFA charterholder and also holds the CAIA designation. He studied Medicine and Surgery at Nottingham University, UK and also holds a Bachelor of Sciences degree from Nottingham University. He practiced as a Medical Doctor in the UK National Health Service before a successful career change to the investment industry in 2001.

Pat Leo

Pat Leo

Pat Leo is director, Institutional Business, Ontario and western Canada, for Sun Life Global Investments. In this role, Leo is responsible for business development and client servicing for the firm's growing Defined Contribution (DC) asset management business. Leo joined Sun Life Global Investments in June 2011. Prior to joining Sun Life Global Investments, Leo held the role of Investment Solutions Executive with Sun Life Financial's Group Retirement Services (GRS), where he was responsible for assisting clients with their fund selection, investment reviews and governance. He was also a member of the GRS Education Team and worked directly with plan advisors and sponsors. Leo holds a Master of Arts Degree from the University of Toronto and a Bachelor of Education from the University of Western Ontario. In addition, he holds the Certified Financial Planner Designation.

Matthew O'Hara

Matthew O'Hara
Matthew O'Hara is managing director and global head of investment research for the Lifetime Asset Allocation Group and is co-chair of the US, Canadian and UK LifePath Investment Committees with BlackRock. O'Hara's service with the firm dates back to 2003, including his years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. As part of the Multi Asset Strategies (MAS) Group, O'Hara is responsible for all investing aspects of lifetime asset allocation globally including the LifePath complex globally and the 529 complex in the US as well as new product development in those areas. At BGI, he was director of research for the US & Canada Defined Contribution Group. He was responsible for research on defined contribution and pension outsourcing issues. Prior to joining the DC group, he was responsible for all research and model creation for asset-backed and commercial mortgage-backed securities. He also worked on corporate long/short strategies including the launch of the Fixed Income Global Alpha (FIGA) fund. Previous to working in finance, he worked as a research and design engineer. O'Hara has been a lecturer in the MFE program at UC Berkeley. He also serves as vice-president of the board of the CFA Society of San Francisco. O'Hara earned a bachelor's degree in mechanical engineering from the University of Maryland in 1992. He earned an MS degree and a PhD in mechanical engineering from the University of California at Berkeley in 1995 and 1997, respectively. He also graduated as valedictorian and was awarded the Pyle Prize for best student paper from the Master's in Financial Engineering program at UC Berkeley in 2003.

Shelly Redwood

Shelly Redwood

Shelly Redwood is a pension consultant within the Group Retirement Services division at Corporate Benefit Analysts Inc. Redwood began her career in the Financial Services Industry in 1997. She has developed strong retirement plan knowledge and has gained significant experience meeting the needs of customers. She spent most of the last 18.5 years in a client relationship management role where she played an integral role in helping customers fulfill plan governance responsibilities, as well as resolving any concerns for administrators and human resources representatives. During her years with local insurance carriers she has managed plans of all sizes and plan designs. Redwood has successfully earned her Bachelor of Business Economics from Brock University, has completed her RPA designation, the Life License Qualification Program designation and has completed the Canadian Securities Course.

Katie Taylor

Katie Taylor

Katie Taylor is director of thought leadership for Fidelity Investments, a diversified financial services firm that makes retirement planning accessible to 23 million customers - from people investing their life savings, to businesses managing their employee benefits, to advisors investing their clients' money. As director of thought leadership, Taylor is responsible for helping to shape and define Fidelity's point of view on workplace retirement and savings trends. This work is used by, employers, employees, advisors, policymakers and the media to drive better outcomes for American workers. Taylor joined Fidelity in 2000 and has held several leadership positions within Fidelity's Workplace Investing business. Prior to her current role, she managed the strategy and execution of client and prospect campaigns designed to engage retirement plan sponsors. Taylor received her bachelor and master of business degrees from University of Massachusetts at Amherst.

TwitterTweet questions before or during the event to #DCIF16 and @BenCanMag.

If you have suggestions for speakers please contact Lauren Harris, Conference Editor at Benefits Canada

The Ritz-Carlton Hotel, Toronto

Property Location
With a stay at The Ritz-Carlton, Toronto, you'll be centrally located in Toronto, steps from Roy Thomson Hall and Metro Toronto Convention Centre. This 5-star hotel is close to CN Tower and University of Toronto.

Make yourself at home in one of the 263 individually decorated guestrooms, featuring iPod docking stations and LCD televisions. Your pillowtop bed comes with down comforters and Frette Italian sheets. Wired and wireless Internet access is complimentary, while DVD players and cable programming provide entertainment. Private bathrooms with separate bathtubs and showers feature deep soaking bathtubs and rainfall showerheads.

Rec, Spa, Premium Amenities
Relax at the full-service spa, where you can enjoy massages, body treatments, and facials. You're sure to appreciate the recreational amenities, including a 24-hour health club, an indoor pool, and a spa tub. Additional features include complimentary wireless Internet access, concierge services, and gift shops/newsstands.

Enjoy a meal at one of the hotel's dining establishments, which include 3 restaurants and a coffee shop/café. From your room, you can also access 24-hour room service. Relax with a refreshing drink at one of the 2 bars/lounges. Breakfast is available daily for a fee.

Business, Other Amenities
Featured amenities include a 24-hour business center, limo/town car service, and a computer station. Planning an event in Toronto? This hotel has 20000 square feet (1858 square meters) of space consisting of conference space and meeting rooms.

181 Wellington St W
Toronto, CA ON M5V 3G7
Phone: 844-755-3524

For information on the hotel or the event logistics, please contact Joanne Boccia, experience manager, Rogers Media.
Please note: Due to the limited availability of space, any plan sponsors who require accommodation the evening of October 5th must now contact Joanne Boccia directly for arrangement.

TwitterTweet questions before or during the event to #DCIF16 and @BenCanMag