Plan participants in the United States believe their retirement plans should offer responsible investment options and having these options would favourably affect their attitudes toward the plan and their employers, a Calvert Investments survey finds.
Enhanced offerings to make it easier for employees to save for retirement, combined with the growing U.S. economy, have stimulated employee contribution rates and account balances.
Employees participating in a gamified online program have increased contributions to their workplace savings plan or opened a new product, according to Sun Life Financial.
A report finds that healthcare retirement plan sponsors in the United States are becoming more proactive in their efforts to help employees adequately prepare for retirement.
If DC plan sponsors want employees to become more engaged, they need to influence their behaviour.
"We are trying to solve the wrong problem,” Jacqueline Taggart, associate partner and regional practice leader with Aon Hewitt, told the audience in the Getting It Right: Tailoring Benefits Plan Communications session at Benefits Canada’s Benefits &; Pension Summit in Toronto. She was talking about benefits communications and why so many plan sponsors are struggling to make members care about their plans.
The year 2013 resulted in fantastic news for DC plan members: great returns from most asset classes and increases in interest rates, translating into both larger accumulated savings and better expected retirement income levels—particularly for those planning to purchase a life annuity.
Sun Life Financial has launched a new online program that incorporates a gamification strategy to engage workers in learning more about their workplace retirement and savings plans and increase their financial literacy.
When it comes to protecting the environment and our planet—sustainability is a word people can usually get behind. But ask plan members how they feel when sponsors start talking about sustainability in the context of pensions, and chances are you’ll get an earful.
Principal Financial Group has introduced a new quick enrollment method that lets American employees to sign up to save for retirement in their DC plan by sending a text message.