...The gradual rise of the defined contribution pension/You’ll soon retire with a DC pension – then what?
Martin Leclair and Jeff Gray, Vice Presidents at Proteus, are quoted in two articles featured in the Financial Post entitled How we got here: The gradual rise of the defined contribution pension, "Employers are hesitant to provide advice because of the risk of being sued—and moving away from DBs has been about reducing risk–but at the same time employees are now carrying all the risk, building pensions in what could be a low interest landscape in an increasingly tightly linked and volatile global economy for many years to come—with little knowhow on how to invest and plan effectively. “Survey after survey we’ve taken says employees want the advice-based model,” says Mr. Gray." and You’ll soon retire with a DC pension – then what?, "For anyone with a DC pension plan, a good time to start taking a good, hard look at their pension and retirement strategy is around the age of 50, says Mr. Leclair. “You have to help them think of it as if they were their own Defined Benefit Pension,” he says."