DC market shows solid growth for trust- and insurance-based plans
…Idan Shlesinger, Senior Vice-President for defined contribution pensions and savings plans at Morneau Shepell Ltd., says trust-based plans have had a much bigger portion of the market in the United States. But he says he’s seeing a move in Canada towards the trust-based approach, which typically provides an unbundled arrangement with separate record keepers, custodians and investment managers. “We’re seeing it move in that direction,” says Shlesinger, whose firm provides record-keeping services as part of unbundled defined contribution pension plans.
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