After a “Goldlilocks period” of low inflation and economic stability in the 2010s, the coming decades are expected to be marked by a higher cost of living and broader economic turbulence. Defined contribution plan members’ portfolios need to be “structured for this new reality,” said Nicole Lomax, vice-president, director and lead of institutional asset allocation […]
KPMG in Canada is aiming to boost plan member engagement with its retirement savings programs with a host of changes, including a refreshed defined contribution plan investment lineup, a new first home savings account, financial education programming, digital tools and switching record keepers. The changes, launched in early October, stemmed from a review of the […]
Roughly six in 10 (60 per cent) U.S.-based defined contribution pension plan sponsors say they want to retain assets in the plan, often by limiting rollover solicitations from record keepers and offering targeted education to members, according to a new survey by the Defined Contribution Institutional Investment Association. The survey, which polled more than 150 […]
Nearly half (45 per cent) of U.S. capital accumulation plan members say they’d invest in private equity and private debt investments if their plan provided access to these assets, up from 36 per cent in 2024, according to a new survey by Schroders. The survey, which polled more than 1,500 plan members, found among employees […]
Amid a push to open U.S. capital accumulation plans to direct investments in private assets, it’s important for plan sponsors and members to take a cautious approach, says Andrew Kitchen, head of Canadian distribution for MFS Investment Management Canada Ltd. This month, the U.S. federal government introduced legislation that would permit CAP members to directly […]
It’s a generally recognized fact that institutional investors in the Nordic region pioneered the approach to sustainable investing, including incorporating environmental, social and governance factors. Sweden’s large public pension funds — AP1, AP2, AP3, AP4, AP6 and AP7 — are regulated by a law introduced in the early 2000s stipulating that sustainability needs to be […]
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 […]