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From its roots as a retirement plan for Saskatchewan farmers, the Saskatchewan Pension Plan has grown over the past four decades to accommodate Canadians from all provinces and walks of life, said Shannan Corey, the plan’s executive director, during a session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. “It’s really meant to […]

  • May 10, 2024 May 6, 2024
  • 07:53

Features such as automatic enrolment in 401(k) savings plans are helping U.S. employees become retirement ready, said Mark Iwry, a non-resident senior fellow at the Brookings Institution and a former senior advisor to the U.S. Secretary of the Treasury for national retirement and health policy, during a session at Benefits Canada’s 2024 Defined Contribution Plan […]

  • May 10, 2024 May 6, 2024
  • 07:52

The evolution of artificial intelligence is creating new challenges and investment opportunities for defined contribution pension plan members, said Kathrin Forrest, equity investment director at Capital Group, during a session at Benefits Canada’s 2024 DC Plan Summit in February. While the technology itself isn’t new, AI has rapidly developed in recent years, exemplified by generative […]

  • May 10, 2024 May 6, 2024
  • 07:51

During a panel discussion at Benefits Canada’s 2024 Defined Contribution Plan Summit in February, three defined contribution plan sponsors shared their respective decumulation journeys and their thoughts on where the DC plan sector is in terms of effectively supporting this particular phase of plan members’ lives. At ATCO Ltd., roughly 5,500 employees are enrolled across […]

  • May 10, 2024 May 6, 2024
  • 07:50

Technology plays an increasingly important role as defined contribution pension plan sponsors seek to deploy decumulation support and retirement advice at scale, said Jean-Michel Lavoie, vice-president of strategy and market development for group retirement services at Sun Life Financial Inc. (pictured right), during a session at Benefits Canada’s 2024 DC Plan Summit in February. The […]

  • May 10, 2024 May 6, 2024
  • 07:49

As I write this column, I’m reflecting on the spectrum of weather I’ve witnessed this past winter. From my office window in southwestern Ontario, I looked out onto snowy rooftops for maybe a week over the last several months. That’s contrasted with a recent trip to Nova Scotia, where a series of winter storms brought […]

  • April 12, 2024 April 11, 2024
  • 09:00

An academic says environmental, social and governance terminology should evolve alongside understanding of the concept, while a consultant favours a focus on substance over form. Amir Akbari, assistant professor of finance, McMaster University As our understanding of sustainable development evolves, so, too, should our characterization of responsible investment. For instance, consider the United Nation’s Kunming-Montreal Global […]

  • April 12, 2024 April 11, 2024
  • 08:59

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to a new report by the Canadian Centre for Economic Analysis. The report analyzed data related to the OMERS’ pension payments, operations and assets. It found members’ retirement income alone supported […]

  • February 15, 2024 February 14, 2024
  • 09:00

Well hello there! We may have met during one of Benefits Canada’s and the Canadian Investment Review’s many events throughout the year, but if we haven’t, I’m usually helming our daily online news coverage from behind the scenes, while contributing to the monthly print magazine. You’ll be seeing me in this space for the next few […]

  • February 9, 2024 February 8, 2024
  • 09:00

Since decreased cognition can impact retirees’ ability to make sound decisions, the Canadian Union of Public Employees urges its members to discuss financial matters with their families long before exiting the workforce. “If we wait until we’re in distress, we either make very bad decisions or we don’t make any decisions at all, which can […]

  • February 9, 2024 February 8, 2024
  • 08:56