Employees ill-equipped to make pension choices

New regulatory principles proposed to address issue
By David Brown
|Canadian HR Reporter|Last Updated: 05/14/2001

When it comes to making investments for retirement, employers have to do a better job of protecting employees from themselves, according to a national body of financial market regulators.

“What we found as pension regulators is that more and more DC pension plans were offering choices to members,” said Sherallyn Miller, of the Joint Forum of Financial Market Regulators.

The problem is many members don’t know what choices to make, so employers should be required to better assist them.