Defined Contribution Pension Plan – Benefits Canada.com

Canada drops to No. 10 in retiree well-being global rankings: report

mdunne — Thu, 23 Sep 2021 13:00:09 +0000

Canada drops to No. 10 among developed nations for retiree well-being after spending two years in a row at No. 8, according to Natixis Investment Managers’ annual global retirement index. The index, which provides an overview of the relative well-being and financial security of retirees in 44 countries, examined several factors, including whether a country […]

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Value taking centre stage in discussions around defined-contribution investment fees

mschmit — Fri, 18 Dec 2020 05:43:11 +0000

Anyone flipping through a prospectus for an employer’s defined contribution pension plan or group registered retirement savings plan will notice a recurring theme when it comes to statements on investment fees: “Better than retail!” they might as well scream. It’s a familiar refrain from both capital accumulation plan sponsors and providers trumpeting the lower rates […]

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Is dynamic risk management the key to decumulation?

mschmit — Tue, 15 Dec 2020 05:07:54 +0000

Many defined contribution pension plans contain a built-in contradiction. During accumulation, they offer an array of investment choices — sometimes too many. In decumulation, by contrast, the choices are very limited — perhaps to a conservative balanced fund and an annuity. Many plan sponsors don’t pay enough attention to decumulation because they’re focused on removing […]

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DC plan member education increasingly important: report

mschmit — Wed, 05 Aug 2020 04:38:52 +0000

Defined contribution plan members saw a bounce-back in equity markets in the second quarter of 2020, boosting their gross income replacement ratios from the lows of the first quarter, according to Eckler Ltd.’s latest capital accumulation plan income tracker report. A typical male DC plan member retiring at age 65 at the end of June […]

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Can employees’ subjective ages impact their savings behaviour?

mschmit — Tue, 21 Apr 2020 03:54:47 +0000

In 2018, a 69-year-old man named Emile Ratelband in the Netherlands lost a legal fight to change his birth date to 20 years earlier, arguing that he didn’t feel as old as he was. The court case inspired a paper looking into the idea of subjective age versus biological age and how it impacts economic […]

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