Navigating CAPSA’s current expectations for DC retirement plans

Welcome to the CanadianSME Small Business Podcast! In this episode, we explore the impact of the new CAPSA guidelines on small business retirement and savings plans. These changes are crucial for small businesses looking to offer competitive benefits while maintaining compliance.

Our guest today is Bernadette Chik, Leader of the Defined Contribution (DC) Advisory Business and senior consultant at Mercer Canada. With over 20 years of experience in consulting and a CFA designation, Bernadette specializes in helping small and midsized organizations optimize their retirement plans. Her expertise provides valuable insights into how small businesses can navigate these guidelines.

Key Highlights:

• Governance Updates: How to create accountability and future-proof governance processes.
• Member Education: Innovative ways to enhance member education on retirement plans and financial literacy.
• Proactive Risk Management: Practical steps to adopt a proactive approach to risk management.
• Challenges and Opportunities: Key areas where small business sponsors can innovate and grow under the new guidelines.

A special thank you to Bernadette Chik for sharing her expertise on these vital updates and their implications for small business plan sponsors!

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