default funds – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 A look at the landscape for automatic features in Canadian pension plans https://www.benefitscanada.com/archives_/benefits-canada-archive/a-look-at-the-landscape-for-automatic-features-in-canadian-pension-plans/ Fri, 18 Nov 2022 13:55:12 +0000 https://www.benefitscanada.com/?p=129512 Matching employer contributions in capital accumulation plans are as close to free money as employees can legally get. “You’re not changing your risk — because the money goes to the same fund it would otherwise — and you’re getting two-times the return,” says Eric Monteiro, senior vice-president of group retirement services at Sun Life Financial […]

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]]> 2022 DCIF: Using behavioural finance concepts to improve DC plan participation, contribution rates https://www.benefitscanada.com/pensions/pension-communication/2022-dcif-using-behavioural-finance-concepts-to-improve-dc-plan-participation-contribution-rates/ Mon, 17 Oct 2022 11:59:01 +0000 https://www.benefitscanada.com/?p=127990 Alongside the steady decline of defined benefit pension coverage in Canada, defined contribution plans have seen a massive growth — “a secular shift of responsibility onto the individual when it comes to retirement security in Canada,” according to Preet Banerjee, a personal finance expert, during Benefits Canada’s 2022 DC Investment Forum in late September. He called […]

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]]> 2022 DC Plan Summit: Considering flexibility when implementing in-plan decumulation https://www.benefitscanada.com/pensions/cap/2022-dc-plan-summit-considering-flexibility-when-implementing-in-plan-decumulation/ Fri, 12 Aug 2022 12:46:14 +0000 https://www.benefitscanada.com/?p=125195 While defined contribution pension plan sponsors are focusing on providing members with information, education and guidance to ensure they’re ready for retirement, advice is becoming more holistic and covering a financial wellness continuum, said Jennifer Katzsch, regional vice-president for Western Canada, group retirement savings at Desjardins Insurance, during a session at Benefits Canada‘s 2022 DC […]

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]]> Head to head: What’s the best type of default fund for a DC plan? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-whats-the-best-type-of-default-fund-for-a-dc-plan/ Thu, 14 Apr 2022 12:59:40 +0000 https://www.benefitscanada.com/?p=119203 As the default funds in defined contribution plans evolve, two experts weigh in on the merits of more customized options. Olivia S. Mitchell, professor and director of the Pension Research Council at the Wharton School at the University of Pennsylvania Although DC plan sponsors are legally responsible for selecting and overseeing the investment options offered […]

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]]> OSFI, FSRA set out six recommendations for strengthening CAP guidelines https://www.benefitscanada.com/pensions/governance-law/osfi-fsra-set-out-six-recommendations-for-strengthening-cap-guidelines/ Wed, 09 Feb 2022 14:00:55 +0000 https://www.benefitscanada.com/?p=116178 The Office of the Superintendent of Financial Institutions and the Financial Services Regulatory Authority of Ontario are putting forward six recommendations for strengthening the Canadian Association of Pension Supervisory Authority’s capital accumulation plan guidelines.  In a webinar hosted in November 2021, the regulators shared the outcomes of its technical advisory committee and solicited feedback from the […]

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]]> 2021 DC Plan Summit: A look at how DC plan members value target-date funds, ESG investments https://www.benefitscanada.com/pensions/pension-communication/2021-dc-plan-summit-a-look-at-how-dc-plan-members-value-target-date-funds-esg-investments/ Fri, 17 Dec 2021 13:43:10 +0000 https://www.benefitscanada.com/?p=113388 While target-date funds are highly prevalent in defined contribution pension plans’ investment portfolios, gaining space as the default of choice, areas of improvement exist in terms of educating plan members about the option. During Benefits Canada‘s 2021 DC Plan Summit, Jessica Sclafani (pictured), director and DC strategist in the investment solutions group at MFS Investment Management, […]

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]]> Automatic features in DC pension plans may benefit members: FSRA https://www.benefitscanada.com/pensions/cap/automatic-features-in-dc-pension-plans-may-benefit-members-fsra/ Fri, 12 Nov 2021 14:00:52 +0000 https://www.benefitscanada.com/?p=111409 The Financial Services Regulatory Authority of Ontario is encouraging defined contribution pension plan sponsors and administrators to evaluate the use of automatic features within the context of their plans. New guidance posted to the FSRA’s website affirms that the Pension Benefits Act and its regulations don’t prohibit the use of automatic features in defined contribution pension […]

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