Ottawa takes first steps towards improving Canadian retirements GlobeInvestor
Buried deep within this week’s federal budget is an announcement that can substantially improve Canadian retirements.
This would be a tricky job even for a pension pro. It’s an entirely unrealistic demand to make of individual retirees, many of whom are anything but expert investors. This is not a fanciful notion. The University of British Columbia faculty pension plan has been successfully running such a system for its defined-contribution members since 1967. But the UBC plan has been an aberration, because of later legislative changes that blocked other plans from following in its footsteps.
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