defined contribution plans – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 07 May 2024 20:29:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024 https://www.benefitscanada.com/pensions/governance-law/piac-focusing-on-pension-solvency-uniformity-capsa-risk-management-guidelines-in-2024/ Thu, 18 Jan 2024 14:00:34 +0000 https://www.benefitscanada.com/?p=150701 The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding regulations for federally regulated defined benefit pension plans, said David Lawson, the PIAC’s new chair. In an emailed statement to Benefits Canada, he said as DB plan sponsors continue to face […]

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]]> Top 10 pension stories of 2023 https://www.benefitscanada.com/news/bencan/top-10-pension-stories-of-2023/ Mon, 18 Dec 2023 14:00:58 +0000 https://www.benefitscanada.com/?p=148984 A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are the 10 most popular pension news stories of 2023: 1. Survey finds 44% of Canadian pre-retirees have less than $5,000 in savings 2. Ford, Unifor agreement includes significant DC pension improvements, transition to […]

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]]> My Take: Tackling decumulation today will lead to retirement-ready workers tomorrow https://www.benefitscanada.com/pensions/cap/my-take-tackling-decumulation-today-leads-to-retirement-ready-workers-tomorrow/ Wed, 04 Jan 2023 14:00:36 +0000 https://www.benefitscanada.com/?p=132034 For some Canadians, the term pension may still conjure images of a secure stash of money guaranteed to ensure a comfortable lifestyle in retirement. I should know — until joining Benefits Canada in 2020, I counted myself among this group. Defined benefit pension plans — the epitome of the image described above — still exist, but […]

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]]> Nearly 60% of U.S. employers continuing student loan repayment benefits despite Biden’s forgiveness program: survey https://www.benefitscanada.com/news/bencan/nearly-60-of-u-s-employers-continuing-student-loan-repayment-benefits-despite-bidens-forgiveness-program-survey/ Wed, 07 Sep 2022 13:00:33 +0000 https://www.benefitscanada.com/?p=126378 Despite President Joe Biden’s new student loan forgiveness program, nearly two-thirds (60 per cent) of U.S. employers that currently offer a student loan repayment program won’t be changing their policy,  according to a survey by the International Foundation of Employee Benefit Plans. The survey, which polled more than 300 U.S. employers, found the majority (74 […]

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]]> Copenhagen students win global prize for designing collective DC pension plan https://www.benefitscanada.com/canadian-investment-review/dc-investments/copenhagen-students-win-global-prize-for-designing-collective-dc-pension-plan/ Thu, 02 Dec 2021 14:00:28 +0000 https://www.benefitscanada.com/?p=112643 Four undergraduates from the Copenhagen Business School have claimed the top prize at the 2021 McGill International Portfolio Challenge by designing a collective defined contribution plan aimed at balancing the needs of older and younger plan members. Since 2017, the MPIC has challenged university students around the world to propose solutions to societal issues. This […]

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]]> ACPM calls for CAP automatic enrolment and escalation features in Ontario https://www.benefitscanada.com/pensions/cap/acpm-calls-for-cap-automatic-enrolment-and-escalation-features-in-ontario/ https://www.benefitscanada.com/pensions/cap/acpm-calls-for-cap-automatic-enrolment-and-escalation-features-in-ontario/#respond Mon, 20 Jul 2020 05:22:05 +0000 https://cumulus.benefitscanada.com/uncategorized/acpm-calls-for-cap-automatic-enrolment-and-escalation-features-in-ontario/ The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]

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]]> https://www.benefitscanada.com/pensions/cap/acpm-calls-for-cap-automatic-enrolment-and-escalation-features-in-ontario/feed/ 0 Does VC have a place in DC pension portfolios? https://www.benefitscanada.com/canadian-investment-review/dc-investments/does-vc-have-a-place-in-dc-pension-portfolios/ https://www.benefitscanada.com/canadian-investment-review/dc-investments/does-vc-have-a-place-in-dc-pension-portfolios/#respond Tue, 15 Oct 2019 05:17:21 +0000 https://cumulus.benefitscanada.com/uncategorized/does-vc-have-a-place-in-dc-pension-portfolios/ Traditionally, defined contribution pension funds have not made significant use of venture capital, although over the long-term these assets have tended to perform well. A study by the British Business Bank and Oliver Wyman explored whether there is room for venture capital and growth equity within the U.K.’s DC schemes. It found that the average […]

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]]> https://www.benefitscanada.com/canadian-investment-review/dc-investments/does-vc-have-a-place-in-dc-pension-portfolios/feed/ 0 T. Rowe Price hires new vice-president of institutional sales https://www.benefitscanada.com/canadian-investment-review/investments-other/t-rowe-price-hires-vice-president-of-institutional-sales/ https://www.benefitscanada.com/canadian-investment-review/investments-other/t-rowe-price-hires-vice-president-of-institutional-sales/#respond Wed, 17 Jul 2019 04:57:39 +0000 https://cumulus.benefitscanada.com/uncategorized/t-rowe-price-hires-vice-president-of-institutional-sales/ The Canadian branch of T. Rowe Price Inc. has appointed Jonathan Flegg as its new vice-president of institutional sales. Based in Toronto, Flegg’s role will involve providing sales support and investment solutions to defined contribution pension consultants, brokers and clients. “We are thrilled to welcome Jonathan to T. Rowe Price,” said Bruce Winch, head of […]

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]]> https://www.benefitscanada.com/canadian-investment-review/investments-other/t-rowe-price-hires-vice-president-of-institutional-sales/feed/ 0 Understanding CAP management fees https://www.benefitscanada.com/news/understanding-cap-management-fees/ https://www.benefitscanada.com/news/understanding-cap-management-fees/#respond Mon, 29 Oct 2018 03:30:14 +0000 https://cumulus.benefitscanada.com/uncategorized/understanding-cap-management-fees/ Why fee reviews are an important step for plan sponsors

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]]> https://www.benefitscanada.com/news/understanding-cap-management-fees/feed/ 0 A “Climate Aware” Default Fund for UK’s NEST https://www.benefitscanada.com/canadian-investment-review/research-markets/a-climate-aware-default-fund-for-uks-nest/ https://www.benefitscanada.com/canadian-investment-review/research-markets/a-climate-aware-default-fund-for-uks-nest/#respond Mon, 27 Feb 2017 07:00:25 +0000 https://cumulus.benefitscanada.com/uncategorized/a-climate-aware-default-fund-for-uks-nest/ Will we see more products like this in the Canadian pension space?

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