July 21, 2015
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Posted by: Lindsey Kruschel
By Scott Anderson, Vice President of Retirement at HUB International STRATA Benefits Consulting
One of the largest problems faced by group retirement plans is plan member apathy. Repeating the same actions year over year - employee education sessions and investment advice seminars - doesn't seem to improve participation levels, so it's time to rethink the strategy.
Some plan advisors and providers are taking steps towards using behavioural finance and savings as the key to having employees be involved in and contribute to plans at an adequate level . Some of the trends in employing behavioural savings have been showing great promise, but the fact remains that learning what you are investing in is becoming secondary to learning about the most effective ways to save.
CPHR Manitoba is located on Treaty 1 territory, the home and traditional lands of the Annishinabe (Ojibwe), Ininew (Cree), Oji-Cree, Dakota and Dene peoples, and in the National Homeland of the Red River Métis. Our clean drinking water comes from Shoal
Lake 40 First Nation in Treaty 3 territory.
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