Seventeen of the largest workplace pension providers in the U.K. have agreed to invest at least 10 per cent of their defined contribution default funds in private markets by 2030, with half of that total allocated to the U.K. The voluntary initiative, known as the Mansion House Accord, will be jointly led by the Association […]
Michael Montgomery used to check the balance on his retirement account once a week and smile. But lately, not wanting to get upset and question if he could retire in a few years, there was only one solution. “I’m not looking,” says the 66-year-old professor from Huntington Woods, Mich. As the White House simultaneously injects […]
Benefits Canada celebrated the Defined Contribution Plan Summit’s 25th anniversary by looking at how the world has changed over the last quarter century, the subsequent impact on the pension sector and what’s next for DC pensions. On Feb. 26-28 in Montreal, the 2025 DC Plan Summit highlighted the lessons of the last several decades, putting […]
Two-thirds (67 per cent) of U.S. retirement savers are concerned about their income lasting their lifetime, while 30 per cent are extremely or very concerned, according to a new survey by Global Financial Atlantic Group. The survey polled individual investors between the ages of 55 and 75 with US$250,000 and $2 million in investable assets […]
When designing an optimal menu of defined contribution investment options, it’s important for plan sponsors to maintain a documented rationale for the investment lineup and to continually monitor the lineup’s performance amid external factors, according to a new report by the Defined Contribution Institutional Investment Association. It found while plan sponsors typically take one of […]
The weather is shifting, with the wet November wind blowing away the crisp October sunshine. While this time of year is characterized by the change of temperature and spectacular outdoor colours, the one constant at Benefits Canada and the Canadian Investment Review is that it’s our busiest time of year for events. In October, we […]
With 15 different client organizations, including nine public sector pension plans, the Alberta Investment Management Corp. has opted to engage, rather than divest, from certain investments, particularly those in the energy sector. “One of the things we were very clear on, both for ourselves and in talking to clients, is that divestment wasn’t the way […]
Roughly two-fifths (38 per cent) of U.S. institutional investors say they incorporate environmental, social and governance factors into investment decisions, according to a new survey by Callan. The survey — which polled roughly 90 institutional investors, including public and corporate defined benefit and defined contribution pension plans, as well as endowments and foundations — found […]
The Canadian Association of Pension Supervisory Authorities’ new plan sponsor guidelines surrounding investment fee transparency are a good first step, but require further development to make them more effective, says one expert. “[CAP sponsors are] still trying to understand what this [guidance] means,” says Joseph Bevilacqua, associate partner in Aon’s wealth solutions practice. “Fees can be […]
The volatile global conditions of the last four years have culminated in a looming economic downturn, impacting defined contribution pension plan sponsors and members alike. On Oct. 3 at the Omni King Edward Hotel in Toronto, the 2024 DC Investment Forum highlighted the various tools and strategies that can help plan sponsors navigate turbulent economic waters […]