Keyword: Plan member engagement

51 results found
DC plan sponsors urged to stay on top of new features as demographics shift

Defined contribution plan sponsors have to stay aware of plan design developments to improve their benefits offerings for their specific workforces, according to a new report by Callan. As workplace demographics shift, it’s important for plan sponsors to make sure their DC plan features are keeping up with those changes to ensure the benefits they’re providing are most effective […]

  • By: Staff
  • September 3, 2019 November 30, 2020
  • 10:15
Why old savings standards for CAPs just don’t cut it anymore

Canadians looking to replace their working income with benefits from capital accumulations plans and the government are facing a grim reality. Indeed, pre-retirement income replacement from those two sources sits at 55 per cent for Canadian women and 57 per cent for men, according to Eckler Ltd. income tracker. Worsening the situation, returns from equity and […]

  • By: Staff
  • August 20, 2019 November 30, 2020
  • 09:30
States moving to DC pension saw higher taxpayer costs, less retirement security: report

A new report looking at four U.S. states that moved new employees from defined benefit to defined contribution or cash balance pension plans found the changes resulted in higher taxpayer costs and no meaningful improvements to the plans’ funding and liabilities. The report, by the National Institute on Retirement Security, looked at Alaska, Kentucky, Michigan and West Virginia — […]

  • By: Staff
  • August 20, 2019 November 30, 2020
  • 09:20
U.S. plan sponsors taking proactive steps to boost member retirement success: survey

A disconnect exists between defined contribution plan sponsors’ intentions and actions when it comes to helping employees with financial wellness, according to a new survey by J.P. Morgan Asset Management. Among more than 800 U.S. DC plan sponsors, 74 per cent said they have a very or somewhat high commitment to employees’ fiscal health, although […]

  • By: Staff
  • July 16, 2019 November 30, 2020
  • 08:45
Words to use and words to lose in retirement, pension communications

When trying to engage pension members in retirement planning, some words are better than others. Rob Kochel, vice-president at Invesco Ltd., advised employers at Benefits Canada’s 2019 Benefits and Pension Summit to do away with the financial industry jargon they use to explain retirement concepts to their plan members. “It’s not what you say, it’s what people […]

Health Solutions by Shoppers Drug Mart is launching a health coaching program for plan sponsors to include in their benefits plans. Aimed at employees with chronic diseases, particularly diabetes, heart disease and obesity, the coaching program will connect plan members with nurses, pharmacists or dietitians through phone or video chat. These specialists will help create […]

  • By: Staff
  • April 22, 2019 February 27, 2021
  • 08:25
Investing through the DC plan member lens

While user experience is a major focus in the technology world, it’s time to start looking at retirement from the end-user experience as well, said Mike Tuira, vice-president of defined contribution at Invesco Canada Ltd., during Benefits Canada’s 2019 DC Plan Summit in Banff, Alta. in February. The four elements leading to retirement success are […]

Wrap-up: Revisiting traditional DC plan approaches

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 […]

SHARE joining CAAT’s DBPlus pension plan

The Shareholder Association for Research and Education is joining the College of Applied Arts and Technology’s new DBPlus pension plan. “As a small, non-profit organization, it’s difficult for us to access the kinds of plans that have traditionally been available to larger organizations,” says Kevin Thomas, executive director of the SHARE. “So, like other non-profits, […]

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While the pension industry is interested in environmental, social and governance factors, that isn’t translating into action when it comes to incorporating ESG funds into defined contribution plans’ investment options, according to a new report by Cerulli Associates. The report found, ESG-oriented investment options aren’t becoming too popular in the U.S. for three key reasons: fee […]