Are you ready to navigate the new terrain?
Plan sponsors like you have watched the global market move away from defined benefits pension plans to defined contribution plans. Now the trend has arrived here, on Canadian soil.
Plan sponsors who choose to move from DB plans will have liabilities stemming from their DB plans, some of them lasting for decades. Pension risk transfers shift these liabilities from the plan sponsor making you and your retired and existing employees sleep better at night – knowing that the plan liabilities are covered.
Managing these risks and liabilities of a DB plan is a major challenge. Canadian businesses must be diligent and strategic if plans are to meet the needs of shareholders, plan members, and other stakeholders.
By transferring these risks and liabilities, you can increase stability. You must be diligent and strategic when transferring risk in order to meet the needs of shareholders, plan, members, and other stakeholders. Finding the right annuities partner at the right time, however, isn’t easy.
As you journey toward your DB destination, you can take steps to effectively manage legacy liabilities. You can start right now.
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