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Latest news in DC

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More plan sponsors meeting members’ retirement goals in 2021: survey

A majority (72 per cent) of plan sponsors believe their retirement savings plan is meeting its goals this year, up from roughly 66 per cent…

64% of DC plan sponsors looking to improve financial wellness programs: survey

The majority (64 per cent) of consulting and advisory firms said their plan sponsor clients are looking to improve financial wellness programs, according to a…

  • By: Staff
  • July 22, 2021 July 22, 2021
  • 09:00

Meet the judges of the 2021 Workplace Benefits Awards

With the 2021 Workplace Benefits Awards’ nomination process drawing to a close in a couple of weeks, Benefits Canada is pleased to announce this year’s…

  • By: Staff
  • June 25, 2021 June 24, 2021
  • 09:00

Americans still saving via DC plans despite pandemic-fuelled uncertainty: report

Despite the uncertainty wrought by the coronavirus pandemic, Americans are continuing to save for retirement through defined contribution pension plans, according to new data from…

  • By: Staff
  • June 16, 2021 June 16, 2021
  • 15:00

Financial market regulators highlighting focus on DC investment fees

Investment fees led the agenda at the Joint Forum of Financial Market Regulators’ annual meeting last week. This year, the forum engaged externally on investment fees,…

  • By: Staff
  • June 15, 2021 June 14, 2021
  • 15:00
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New longevity pension fund offers decumulation option for plan sponsors

Purpose Investments Inc. is introducing a new longevity pension fund, which invests 50 per cent in equities and 50 per cent in fixed income. It…

2021 BPS coverage: How PCL is balancing benefits, pension decisions during coronavirus

With the majority of PCL Construction Ltd.’s workforce continuing to work at its Canada-wide job sites and offices throughout the coronavirus pandemic, the organization’s decisions…

FSRA three-year plan includes pension flexibility, transparency and innovation

The Financial Services Regulatory Authority of Ontario has unveiled its priorities for the next three years, including plans to reshape its supervisory role for the…

  • By: Staff
  • May 31, 2021 May 31, 2021
  • 09:15
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Language, communication shaping DC plan members’ retirement decisions: survey

Language and communication can impact the retirement decisions of defined contribution plan members, according to a new survey by Invesco Ltd. The survey found 60…

  • By: Staff
  • May 14, 2021 May 14, 2021
  • 09:10
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Federal budget promising relief for DC pension plan under, over contributions

Tucked away in the federal budget are proposals that will lighten the load for defined contribution pension plan administrators confronted with historical under and over…

Canadians taking CPP at 60 losing $100,000+ in retirement income: study

Canada Life absorbing TD Bank Future Builders’ RSP program plan members

The Canada Life Assurance Co. is absorbing the Toronto-Dominion Bank’s TD Future Builders retirement savings plan program members as of March 19. “We believe Canada…

  • By: Staff
  • January 6, 2021 April 14, 2021
  • 12:21
A look at the investment variables of variable benefits

A look at the investment variables of variable benefits

Since retirees and active plan members are fundamentally different, should their investment options reflect that distinction? That’s the question confronting defined contribution plan sponsors as…

Plan Sponsor Week: How DC pension investments handled the pandemic crash

Defined contribution plan members are contending with volatile equity markets, ultra-low interest rates and the threat of inflation as the country’s economy begins its tentative…

How DC pension investments weathered the pandemic storm

Defined contribution plan members are contending with volatile equity markets, ultra-low interest rates and the threat of inflation as the country’s economy begins its tentative…

UBC faculty pension plan offers fossil fuel-free investment option

UBC faculty pension plan offers fossil fuel-free investment option

Over the last several years, a small group of faculty members at the University of British Columbia has been calling on its pension plan’s board…

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Strong Q2 for pension managers’ pooled funds: report

Diversified pooled fund managers had a positive second quarter of 2020, posting a median return of 11 per cent before management fees, according to the…

  • By: Staff
  • July 27, 2020 December 6, 2020
  • 08:00

ACPM calls for CAP automatic enrolment and escalation features in Ontario

The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to…

  • By: Staff
  • July 20, 2020 December 6, 2020
  • 09:22
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A fundamental problem with target-date funds

Target-date funds lead to defined contribution plan members taking more risk and becoming more diversified than they would be if left to their own devices.…

Helping members to and through retirement at the Saskatchewan Pension Plan

Helping members to and through retirement at the Saskatchewan Pension Plan

The Saskatchewan Pension Plan is improving investment choice for members in the accumulation phase and introducing new options to help them through decumulation as well.…

How are pension fund directors faring through coronavirus upheaval?

Despite drastic changes stemming from the coronavirus crisis, the majority (58 per cent) of pension fund directors said their fund’s transition to a remote boardroom…

  • By: Staff
  • June 10, 2020 December 6, 2020
  • 10:05
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Considerations for DC plan sponsors before suspending employer contributions

The Canada Revenue Agency is waiving the minimum one per cent employer contribution requirement for defined contribution pension plans for the rest of 2020. To…

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How to ease pension plan member anxiety if they can’t access their funds

Anxiety is running high for many Canadians who are feeling the immediate financial impact of the coronavirus pandemic due to job losses, reduced work hours…

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Will coronavirus push changes to the CAP landscape forward?

With the federal government easing the withdrawal requirements for registered retirement income funds in a bid to alleviate the harm to retirees’ portfolios caused by…

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Managing defined contribution pension plan fees (Part 2)

In a recent expert column, I broke down the different components of fees for defined contribution plans. And now, I will explore the key fee…

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Managing a capital accumulation plan through COVID-19

In this time of global pandemic, the coronavirus is shaking up everything, with high market volatility and changing work arrangements. Everyone is worried — not…