This World Bank commissioned report by Common Wealth documents the emergence and evolution of the Canadian pension model, distilling practical lessons for stakeholders in emerging economies working to improve their pension arrangements and retirement systems.
The report outlines 14 key lessons and draws out several success factors including:
- Strong collaboration between diverse stakeholders – labour, government, business, and finance
- Singularity of purpose – to run the organization like a business and focus on delivering retirement security for plan members
- Recruitment and retention of top global talent with a competitive and performance-based compensation framework
- Governments creating the right regulatory environment
- Investments managed in-house rather than outsourced to third-party fund managers
REPORT
The Evolution of the Canadian Pension Model
Practical lessons for building world-class pension organizations
80% of people are more inclined to work for a company that offers matching contributions to their retirement savings plan.
Natixis, September 2021
