KPMG Canada has seen firsthand the benefits that environmental, social and governance investing can have on employees’ retirement savings and the wider world. It recently introduced an environmental leaders fund into its defined contribution pension plan lineup. In the month it was launched, contributions into the fund from the organization and its employees played a […]
At the 2021 Defined Contribution Plan Summit, which was hosted virtually on Oct. 6, delegates heard about several pressing issues facing DC plan sponsors and members, including an ageing demographic, decumulation, education around investment options and required legislative updates. Here’s what you missed: CPP/QPP delay a simple solution to improving retirement readiness Using DC investments […]
The average 401(k) balance rose 17 per cent last year to $112,300 from the end of 2018, according to a review of 17.3 million accounts by Fidelity Investments. The average individual retirement account, or IRA, balance rose the same percentage to $115,400. Those figures are averages, not medians, and the typical 401(k) might be closer […]
Investors seeking regular income are limited because traditional sources aren’t producing the results they used, says Dave Makarchuk, partner and Western Canada wealth business leader at Mercer, noting bond yields are really low and coupons are low. “And so dividends can be an attractive option for those who are seeking regular cash flow,” he says. […]
While many glide paths are based on age, is there a case for adjusting these based on account balance fluctuations or on a plan member’s risk aversion? When it comes to optimal outcomes for members, considering risk aversion may be the most important factor, according to a new paper out of the Australian National University […]