Keyword: CAP market

49 results found
Nest Wealth launches group RRSP for small, medium companies

Nest Wealth Asset Management Inc. is launching a digital group registered retirement savings plan in an effort to make it easier for small- and medium-sized businesses to provide retirement savings to employees. The plan is free for employers to use and features digital enrolment for employees. It also allows employers to monitor their plans online and administer options such as contributions and […]

Providing a defined contribution pension to employees since 1969, Western University is in a unique position to share how the landscape for these plans has evolved over time and how its plan measures success. Louise Koza, the university’s director of total compensation, will discuss past and current issues facing defined contribution plans at a session during the 2018 Benefits and Pension Summit at […]

Many CAP sponsors considering financial advice services for employees: survey

While 84 per cent of employers with capital accumulation plans didn’t intend to make any changes in 2017, many anticipated increasing their provision of financial advice services after a couple of years of decline in that area, according to a new report from Great-West Life Assurance Co. According to the 2017 Capital Accumulation Plan Benchmark report, very few […]

  • By: Staff
  • March 1, 2018 September 13, 2019
  • 16:00
Plan sponsors favouring group RRSPs, DPSPs over DC plans

Employers in search of simpler retirement products for their workers are looking to group registered retirement savings plans and deferred profit-sharing plans as a solution, say experts at capital accumulation plan providers. Benefits Canada’s 2017 CAP Suppliers Report shows that the number of plan sponsors offering DPSPs has ballooned by 112 per cent over the past decade, from 3,539 […]

Top 50 DC Plans Report: What’s the magic number for DC pension contributions?

Back in the 1990s, senior management at the Co-operators Group Ltd. decided to be more generous with its defined contribution pension plan. While most Canadian companies with defined contribution offerings match employee contributions — often up to five per cent of salary — the Co-operators upped its plan on both sides of the equation by […]

  • By: Sonya Felix
  • September 5, 2017 September 13, 2019
  • 08:55
CAP members encouraged to boost equity allocations to maintain replacement rates

The average income replacement ratio of capital accumulation plans in the second quarter of 2017 has remained stagnant since the start of the year, according to Eckler Ltd.’s latest capital accumulation plan income tracker. The report noted that decreasing investment returns during the quarter weren’t significant enough to change the income replacement ratio, which remains […]

  • By: Staff
  • August 30, 2017 September 13, 2019
  • 13:55
Average CAP income replacement level remains steady in Q1: report

The gross income replacement level of capital accumulation plans has remained steady for both males and females over the previous quarter, while increasing investment returns were offset by a slight decrease in annuity rates, according to Eckler Ltd.’s capital accumulation plan income tracker. The tracker assumes the member made annual contributions at a rate of […]

  • By: Staff
  • May 15, 2017 September 13, 2019
  • 08:38
DC Plan Summit: CPP expansion and the coming shift for CAPs

Moderators: Jeremy Evanson, partner, administrative solutions practice; and Michelle Loder, partner, defined contribution solutions, at Morneau Shepell Ltd. Once the new Canada Pension Plan benefits take hold, the income replacement ratio will increase to 33 per cent from 25 per cent, said Loder. “Given this, and in light of the increased premiums that will also […]

More pension plans using target-date funds as default option

Target-date funds continue to be the most common default investment option offered to members of workplace capital accumulation plans, according to new research by the Canadian Institutional Investment Network and Great-West Life Assurance Co. The 2016 CAP Benchmark Report found 50 per cent of defined contribution plan sponsors and 51 per cent of group registered […]

Five steps to setting up a DC pension plan

You’ve decided to launch a defined contribution pension plan for your employees, but you don’t know where to begin. What’s the answer? How do you decide what’s right for your organization? Let’s take this step by step. Step 1: Purpose The first step is determining the intention and objectives of the retirement program. In other […]