To meet the evolving needs of employees, it's time for the focus of DC plans to shift to broader financial wellness.
“Approximately half of Canadians need help with their retirement portfolios”.¹ But as the makeup of the workforce shifts to include a range of millennials to baby boomers, employees’ needs are also changing.
Employees will benefit from receiving help in making the best decisions to suit their own financial circumstances – not necessarily focusing solely on their retirement plans.
We posed a number of questions focusing on real issues that either do or will concern employees. By thinking more broadly, not just as fiduciaries, but as trusted resources, employers can play a role in helping employees achieve better outcomes.