With the industry focused on retirement readiness and more defined contribution plan members on glide paths, it’s increasingly important for plan sponsors to choose default investment funds suited to the present and future. Fortunately, these funds have been shifting away from their conservative roots. Money market funds, for instance, were once a common default in […]
The use of target-date funds is on the rise in Canada, with more members of capital accumulation plans being offered the investment option every year. Half of plan sponsors with defined contribution plans (50 per cent) and group registered retirement savings plans (51 per cent) allocated target-date funds as their default option in 2016, according […]
The Office of the Superintendent of Financial Institutions has published guidance on its interpretation and expectations for the default investment option selected by the administrator of a defined contribution pension plan. The guidance sets out how a plan administrator should select a suitable default investment option, as well as how it should document, communicate and review […]
How are different countries tackling decumulation?