Keyword: auto features

70 results found

An employer’s matching contribution is the most influential factor motivating plan members to begin saving for retirement, according to a new report by Cerulli Associates. The report, which polled U.S. employees saving into a 401(k), found 46 per cent of respondents said they starting saving for retirement because their organization offered a matching contribution, while […]

  • By: Staff
  • September 3, 2020 November 30, 2020
  • 08:45
ACPM calling for CAP automatic enrolment, escalation features

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 allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it’s suggesting the government allow employers to automatically deduct employee contributions from payroll to facilitate these features. “The shift […]

  • By: Staff
  • July 20, 2020 November 30, 2020
  • 10:00

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 allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]

  • By: Staff
  • July 20, 2020 December 7, 2021
  • 09:22
How are global retirement systems faring in the wake of coronavirus?

A new paper is evaluating how global retirement systems are faring in the wake of the coronavirus pandemic and what reforms will be required to facilitate the retirements of future generations. The paper, ‘Building better retirement systems in the wake of the global pandemic,’ by Olivia Mitchell, a professor and executive director of the pension research council […]

During an educational two days in Montreal, the 2020 DC Plan Summit, on Feb. 5-7, featured a range of sessions diving into today’s top issues for plan sponsors, including financial education and wellness, post-retirement solutions, sustainability, plan design and technology. Is your pension communication message getting through? A look at the different paths to ESG […]

Using automatic tools to engage employees in retirement saving

When Gracie Inacay, former executive director and head of HR at Harris Associates, joined the firm, she took a good, long look at its defined contribution plan. In 1994, it had started as a profit-sharing plan. Once an employee had put in 1,000 hours and was employed at the end of the year, they received […]

Using creativity to engage employees with pensions

When is the best time to tell your employees about how good your pension plan is? “Before someone else tells them about theirs,” said Keith Baker, payroll and benefits manager at the U.K. arm of Starr Companies, during a session at Benefits Canada‘s 2020 DC Plan Summit in Montreal in February. Sharing his organization’s overhaul […]

In 2016, when Aon’s Calum Mackenzie departed the U.K. for Canada, he left behind a pension industry still reeling from the introduction, a year earlier, of an annual charge cap on defined contribution plan investment funds. But when Mackenzie, now the consultancy’s Canadian head of investment, recently caught up with a former colleague on the […]

Target-date funds a game changer for plan member outcomes: research

In the U.S., target-date funds in workplace retirement plans have grown from $5 billion in 2000 to $734 billion in 2018, with many benefits for plan members. A new working paper by Olivia Mitchell, a professor at the University of Pennsylvania’s Wharton School, and Stephen Utkus, principal and director of the Vanguard Center for Investor […]

  • By: Staff
  • February 12, 2020 November 12, 2020
  • 15:30
Is more investment choice actually good for DC plan members?

While previous research has indicated that defined contribution pension plan members benefit from a limited number of core investment options because it reduces choice overload, is this still true now that automatic enrolment and default funds are becoming more common? According to new research by Morningstar Inc., more investment options in a DC arrangement could […]

  • By: Staff
  • November 20, 2019 November 30, 2020
  • 09:00