When it comes to retirement, it’s key to focus on the journey, not just getting there, said Jean-Pascal Plamondon, national director of client relationship and investment strategies at Desjardins Insurance. For defined contribution plan sponsors, this means understanding the traditional savings journey is no longer 100 per cent focused on retirement, it’s also focused on […]
While a lot of attention has been paid to “the front end of pension plans,” there hasn’t been enough focus on how that translates into retirement income, said Blair Richards, chief executive officer of the Halifax Port ILA/HEA, during a session at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. “We should […]
In determining which savings options to offer employees, a key component is understanding the workforce and its goals, as well as communicating the offering in a way they can understand, according to a panel on engaging workers in defined contribution pensions at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. Thak Bhola, […]
With different generations in the workplace requiring personalized approaches, the pension industry is reimagining traditional savings plans, said Brady Aarssen, assistant vice-president of business development strategy at Great-West Life Assurance Co., speaking at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. Millennials, for instance, are the largest segment of the workforce, they’re […]
Defined contribution plan sponsors should consider Canada’s public pension system when designing their plans, according to a panel comparing the Canadian system to the ones in Denmark, the Netherlands and Sweden at Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. Canada’s three-pillar system is comprised of old-age security and the guaranteed income […]
Simplifying DC plan enrolment should begin by eliminating the “tyranny of choice,” making it easier for plan members to just get started, according to Tom Reid, senior vice-president of group retirement services at Sun Life Financial. “We’re not saying choice is bad, but at certain moments choice is really not the most welcome thing and […]
As the retirement savings environment evolves, the pension industry must be aware of the changes to move with them, said Zaheed Jiwani, principal at Eckler Ltd., in a session wrapping up the key learnings from Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. These changes include shifting demographics, new offerings and consolidation […]
In its 2019 budget announcement on Thursday, the Ontario government said it’s taking a step towards implementing a framework for target-benefit pension plans. The budget included preliminary legislative changes that would expand the eligibility criteria for multi-employer target-benefit plans to include non-unionized multi-employer plans, in addition to those that are collectively bargained. The move is intended […]
How can search terms help predict elections? Do parents secretly favour boys over girls? For Seth Stephens-Davidowitz, a former data scientist at Google and the author of Everybody Lies, the answer to these questions isn’t found in traditional polls commonly used in most sectors, but rather in the billions of Google searches people make every day. Exploring choice […]
I recently flew to Los Angeles to visit my sister, and right before the standard safety video, the onboard screens showed an appealing commercial for a beach resort in a gorgeous tropical location. The ad featured glamorous-looking people doing fun and relaxing activities, such as floating in a pool of crystal-clear water, dancing in a nightclub […]