October 25, 2022 – With innovations emerging to address the shortcomings of defined-contribution (DC) pension plans and Group Registered Retirement Savings Plans (Group RRSPs), it is time for these capital accumulation plans to shift their focus from building assets to providing lifetime retirement income for retirees, according to a new repo
These days clients may have had several careers or jobs before they retire. With each job they previously left, they may have had a group retirement plan or locked-in plans that are essentially equivalent to pension type investment accounts.
In the fall of 2021, 39-year-old Krista Lehman quit her job as a program assistant at a Vancouver post-secondary institution to take a mental health break and pursue other career options.