Diversifying target-date funds by incorporating illiquid assets — such as private equity, real estate and infrastructure — could result in a 0.15 per cent annual increase in return over a decade, according to a recent report by Georgetown University’s Center for Retirement Initiatives in partnership with CEM Benchmarking Inc. The report was authored by Angela Antonelli, a […]
Just over half (56 per cent) of Americans feel on track for retirement, an 11 per cent drop in confidence compared to 2022, according to a new survey by BlackRock Inc. The survey, which polled more than 450 large defined contribution pension plan sponsors, 1,200 workplace retirement plan savers, 1,300 independent savers and 300 retired […]
With group retirement plans aimed at helping members avoid risks and achieve their savings goals, defined contribution plan sponsors are uniquely positioned to step up and take a more active role in managing risk, said Christine van Staden, regional vice-president of group customer and national accounts business development at Canada Life, during Benefits Canada‘s 2023 […]
Defined contribution pension plan members in the U.S. are committed to saving and investing, as only two per cent stopped contributing to their plan in the first half of 2022, according to a report by the Investment Company Institute. The report, based on record-keeper data covering more than 40 million DC plan members, noted one per cent […]
The second quarter of 2022 proved difficult for Bâtirente’s diversified funds, according to the organization’s investment strategy manager. “As was the case in the first quarter, Bâtirente’s diversified funds experienced a difficult second quarter performance . . . [with losses correlating with] their risk profile,” said Jean-François Dumais, in a press release. The five diversified […]
Building a defined contribution pension plan’s investment portfolio should incorporate the benefits and drawbacks of various historical regimes to provide a strong foundation, said Ruthann Pritchard, institutional portfolio manager for global asset allocation at Fidelity Investments, during a session at Benefits Canada‘s 2022 DC Plan Summit. “A robust glide path has to consider all of […]
When it comes to educating women about retirement and their finances, the needle hasn’t moved enough in the past few decades because the language being used by the industry isn’t connecting to what’s really going on, said Jenine Garrelick, senior managing director at MFS Fund Distributors Inc., during a session at Benefits Canada‘s 2022 DC […]
Providing tools to help defined contribution pension plan members make solid financial decisions rather than making the decisions for them was the impetus for Canadian Forest Products Inc.’s multi-year financial wellness program, according to Lisa Weber, the company’s pension and benefits advisor, during a session at Benefits Canada‘s 2022 DC Plan Summit. Since Canfor closed […]
The Canadian Investment Review is now accepting nominations for the 2022 Pension Leadership Awards. The third annual Pension Leadership Awards will celebrate the organizations and individuals that have made extraordinary efforts on behalf of their pension plan members. Visit the Pension Leadership Awards website to submit a nomination for your organization. Consultants and advisors are also encouraged […]
With the increased focus on integrating environmental, social and governance factors into pension plans, a new approach by BlackRock Inc. could have a significant impact on many Canadian defined contribution pension plans, group registered retirement savings plans and other types of workplace capital accumulation plans. The money manager recently announced it will be adopting an ESG approach […]