We partner with associations, unions, and employers to deliver value-for-money, collective retirement plans that combine user-friendly technology, digital retirement planning, low-cost investments, secure lifetime income, and a fiduciary duty to members.
- Member research
- Retirement research
- Market research and engagement
- Investment product sourcing and innovation for both the accumulation and decumulation phase
- Governance design
- Regulatory diligence
- Member and employer service model design, including digital and human touch elements
- Design of distribution models and strategies to grow the plan
- Integrated design
- Integrated project management
- Vendor selection and management / collaboration (e.g., investment managers, custodians, annuities providers)
- Governance implementation, including assistance with the setup of retirement plan boards, the sourcing and onboarding of board members, and the creation of governance documents and policies
- Development of education and communications materials and approaches to support the plan
- Design, implementation, and integration of white-labelled digital technologies to support plan delivery, including digital marketing, planning tools, and self-serve recordkeeping software
- Education and training of key stakeholders in the community / at the sponsor level
- Governance support, including serving as the "corporate secretary" to retirement plan boards, producing high-quality, strategic, executive-level board materials, and implementing governance processes based on best practices from the world's top pension organizations
- Self-serve, customizable digital technology
- Member service through multiple channels, including self-serve digital tools, email, web chat and phone
- Employer service through multiple channels, including self-serve digital tools, email, web chat, phone, and in-person sessions
- Evidence-based member communications, including digital member statements, educational web materials, and behaviourally-informed digital communications
- Vendor management / collaboration, including coordination of all services providers associated with the plan, including investment managers, custodians, and annuities providers
- Ongoing training and support for the sponsor or other stakeholders in the community to help grow and improve the plan
- Design and implementation of employer and member engagement strategies and tactics to scale the plan
- Product development, research, and innovation focused on continuous improvement of the plan and its value for members
Common Wealth has approval from the Ontario Securities Commission to administer capital accumulation plans across Canada.
- Modern, member-centric user experience
- Cloud-based
- Integrates multiple account types into a single view
- Configurable based on sponsor needs, with powerful white-labelling capabilities and ability to integrate with a customized education program
- Embeds retirement planning tools
- Focuses on monthly retirement income
- Integrates deferred and immediate annuities
- Integrates government benefits
Evidence shows that high-quality collective retirement plans tend to be
far more cost-effective than a typical individual approach to retirement
Our Principles
OUR WORK
The Ontario Medical Association's Advantages Retirement Plan
received the 2020 Innovation Award in Plan Design
at the annual Pensions & Investments WorldPensionSummit
and the
Canadian Investment Review's Pension Leadership Award
for Defined Contribution Investment Innovation.
