The Financial Services Regulatory Authority of Ontario is updating its guidance for pension plans around filing deadlines and member communications. The update reflects the government of Ontario’s regulations…
While defined contribution pension plans evolve and defined benefit plans decline, the McGill University pension plan is a true blend of both types — at…
While there isn’t reliable data on just how many people are disconnected from their old pension plans, the federal government says the number could be…
Plan administrators are welcoming the increased clarity accompanying the amendment of Ontario’s Pension Benefits Act to allow for the electronic designation of beneficiaries and the re-issue…
Though more than half of Canadian capital accumulation plan members feel financially prepared for retirement, there’s a distinct difference across generations. Given their proximity to…
A third of employees don’t expect to ever reach full retirement, according to a new survey by Aon. The survey, which polled 1,000 Canadians at all stages of…
When trying to engage pension members in retirement planning, some words are better than others. Rob Kochel, vice-president at Invesco Ltd., advised employers at Benefits Canada’s…
While educational content is a key component of financial wellness programs, they must also be measurable and embrace technology to help defined contribution plan members move…
Does your organization’s mental health or diversity program deserve recognition? Are you leading the way when it comes to drug and benefits plan innovation? Is…
During a packed schedule at Benefits Canada’s 2019 Defined Contribution Plan Summit in Banff, Alta., on Feb. 6-8, DC plan sponsors heard about the solutions…
What makes people dishonest? And how can employers understand employees’ decision-making processes to curb dishonest actions? People are good at being creative and rationalizing why…
As millennials look to their employers to integrate their career, education and leisure, this creates challenges for the pension industry, said Erica Hall, assistant vice-president…
In a challenging market environment, it’s important to focus on making the most of worst-case scenarios, said Ed Studd, solutions manager for U.S. portfolio solutions…
When it comes to retirement, it’s key to focus on the journey, not just getting there, said Jean-Pascal Plamondon, national director of client relationship and…
While a lot of attention has been paid to “the front end of pension plans,” there hasn’t been enough focus on how that translates into…
In determining which savings options to offer employees, a key component is understanding the workforce and its goals, as well as communicating the offering in…
While user experience is a major focus in the technology world, it’s time to start looking at retirement from the end-user experience as well, said…
In the face of a challenging capital market and its subsequent volatility, defined contribution plan sponsors must consider the affect on plan member behaviour, said Colin…
With different generations in the workplace requiring personalized approaches, the pension industry is reimagining traditional savings plans, said Brady Aarssen, assistant vice-president of business development…
While the pension industry has traditionally spent a lot of time focusing on active management and its impact, the right result is driven by strategic…
Looking at the role of plan design in driving member outcomes, it comes down to data and experience, according to Margaret Rux, principal and department…
Defined contribution plan sponsors should consider Canada’s public pension system when designing their plans, according to a panel comparing the Canadian system to the ones…
Simplifying DC plan enrolment should begin by eliminating the “tyranny of choice,” making it easier for plan members to just get started, according to Tom…
As the retirement savings environment evolves, the pension industry must be aware of the changes to move with them, said Zaheed Jiwani, principal at Eckler…
A consultation paper by the U.K. government is considering how defined contribution plans could incorporate more illiquid investments. Specifically, the consultation’s proposals include requiring larger…