A World Bank executive said Canada's retirement future is linked to growth in defined contribution assets despite its defined benefit strength.
Canadian defined contribution plan executives are facing the question of what retiring participants should do with their money.
In a small town on a windswept prairie in western Saskatchewan sits the home of Canada's only public defined contribution plan accepting participants from across the country.
Some big global custodians, whose traditional retirement business has come from defined benefit plans, are now getting business from defined contribution plans.
Eli Lilly & Co. added a real assets option, more emerging markets exposure in its international equity options and external investment advice in a face-lift for its $4.5 billion 401(k) plan.