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CAPs Require a Change in Focus
Jody White
Capital accumulation plan (CAP) members need to learn how to shift from building wealth to preserving wealth and lifestyle, and it’s up to plan sponsors and service providers to help bring about the change, according to an industry expert.
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DC Plans in Need of Review: Report
Jody White
The defined contribution and group RRSP plans currently available to Canadians will provide inadequate retirement income and a comprehensive analysis of the industry is needed, according to a report by the Association of Canadian Pension Management.
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Of DC Plan Benefits Adequacy and Employer Contributions
Jean-Daniel Côté
A lot has been said on member engagement, education and investment performance, but it often seems like plan design and employer contribution rates are (relatively) rapidly dealt with. Will defined contribution plans deliver sufficient retirement benefits for their participants? The real question may very well be: "Are DC plans as well funded by employers as DB plans are?"
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DC Plans' Best Years May Be Over: Report
Craig Sebastiano
The potential pension employees can get from their defined contribution plan peaked in 2000 and if economic conditions revert to historical norms, DC pensions could be only half as much, according to a report by Morneau Sobeco.
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Overcoming Plan Member Inertia
Jody White
Defined contribution plan member inertia is due to a lack of understanding and a bewildering array of choices, and overcoming that inertia requires a concerted effort on the part of plan sponsors and service providers, according to Standard Life communications consultant Matthew Rotenberg.
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