iAtoday

By Caroline Fillion
Manager, Group Insurance Products
Group Benefits and Retirement Solutions
iA Financial Group

The retirement landscape has changed significantly over the past few decades, driven by the shift from defined benefit (DB) plans, where plan sponsors bear the financial risk, to capital accumulation plans.

This transition has placed the burden on plan members, who must now manage investment and longevity risks independently. As a result, they need to determine on their own how to ensure their retirement income aligns with their life expectancy.

An opportunity for plan sponsors

Navigating these changes presents a number of challenges, from cost predictability for plan sponsors to ensuring retirement income stability and effective strategies for handling investment and longevity risks for plan members. Identifying decumulation solutions that address the needs of both plan sponsors and plan members is critical.

Many plan sponsors recognize the challenges faced by their plan members and are seeking decumulation support options to optimize their financial wellbeing. 

To learn more

Explore the latest insights in retirement planning, from the impact of defined contribution plans to innovative decumulation solutions.

I invite you to delve into my in-depth analysis featured in our Insights article: Retirement | The decumulation challenge. Find out how we can help your clients address their employees’ retirement worries and gain valuable strategies to confidently navigate the decumulation landscape in Canada.