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Retirement Program Decumulation Options in Canada

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Retirement Program Decumulation Options in Canada

Posted on May 13, 2024 (June 3, 2024) by Admin

by June Smyth and John Melinte In 1993, Bill Webb was working for a Canadian bank when all employees were offered a choice between keeping their Defined Benefit (DB) Pension Plan or converting to a (new) Defined Contribution (DC) option. At the time, interest rates were high and with the dot.com boom, equity markets were […]

2021 CAP Member Survey

Posted on October 19, 2021 (October 25, 2021) by Admin

Benefits Canada recently published its CAP (Capital Accumulation Plan) Member Survey to assess the financial wellness of plan members and how they have fared since the start of the pandemic. Retirement readiness and the pandemic 47% of plan members said they feel financially prepared for retirement, compared to 48% in 2020 and 55% in 2019. […]