How to switch from DB to DC
Within Canada and around the world, the conversion of DB plans to DC plans has been accelerating as plan sponsors look to reduce their pension…
- By: Stephen Peirce
- February 13, 2012 September 13, 2019
- 08:50
Within Canada and around the world, the conversion of DB plans to DC plans has been accelerating as plan sponsors look to reduce their pension…
If you want to successfully connect with your DC plan members when explaining changes to the plan, you need to bring everything back to one…
With the economy in a state of perpetual uncertainty, employers are becoming increasingly worried about their employees’ ability to save for retirement, according to a…
Sponsors of DC and other capital accumulation plans have long struggled to persuade their employees to take full advantage of corporate savings programs and play…
After Colleen Falco, director of HR services with Niagara Casinos, assumed responsibility for the company’s benefits initiatives in early 2010, she noticed significant gaps in…
With the erosion of assets in many retirement portfolios in recent years, plan sponsors are starting to wonder if members might never be able to…
Forest City Fire Protection & Security was the recipient of the Communications Award (<1,000 employees) for Benefits Canada’s 2011 Pension & Investment Awards. As a…
In September, more than 100 senior DC plan decision-makers, recordkeepers, academics and money managers gathered at Benefits Canada’s 2011 DC Investment Forum in Toronto to…
In September, more than 100 senior DC plan decision-makers, recordkeepers, academics and money managers gathered at Benefits Canada’s 2011 DC Investment Forum in Toronto to…
DC plan sponsors also need to find innovative ways to communicate investment information as well as new strategies to help members balance risk and reward.
Canada’s CAP suppliers had a pretty good year in 2010. Overall, the Top 10 CAP Providers showed double-digit growth (up 16.1% from 2010), as did…
After a quarter-century of success, the Saskatchewan Pension Plan (SPP) may help plant the seed for Canadian pension reform. Benefits Canada talked to SPP general…
Saskatchewan is known as Canada’s breadbasket, for its ability to consistently produce quality grain. But given that many in the industry have begun paying attention…
Great-West Life has launched a new online tool for its group retirement and savings plan members. The “Personal rate of return” widget helps members to…
Until April 2011, Chris Town, 56, didn’t think a lot about retirement. He and his wife, Susan, 61, felt they had their financial house in…
Following our third market meltdown in the past decade, the fashion maxim “everything old is new again” may apply to annuities as well.
Educating members and encouraging them to save for retirement has long been a challenge for pension plan sponsors...but the consequences of not doing so could…
A well-structured DC plan helps members to build savings during their working (accumulation) years and generate sufficient income for their retirement (de-accumulation) years. For plan…
Employees under age 35 are likely to be more dependent on DC plans for their retirement savings than previous generations—but less attention is being paid…
Sponsored by: In September, The Standard Life Assurance Company of Canada launched a revamped Plan for lifeTM program, a communication offering that makes it easy…
Everyone knows why organizations around the world have been closing down their DB pension plans in recent years: in a Sophie’s Choice of sorts, they…
Plan sponsors need to take a holistic view to their members’ retirement savings and understand that at different stages in employees’ lives, they face different…
Watch this video There’s a perception that DC plan members don’t feel responsible for managing risk, says Marcus Turner, senior investment consultant with Towers Watson…
The vast majority of U.S. employers that suspended their 401(k) plan matching contributions during the recent economic downturn have since restored them, according to research…
Watch this video With DC plans, there’s no guarantee that members will end up with a sufficient retirement income at the end, warns Michelle Loder,…