We design, build, and manage best-in-class collective retirement plans for a 21st century economy. Working in partnership with unions, associations, sectors, and other communities, we help build retirement security for workers not covered by workplace pensions.

PLAN DESIGN


Our plan designs have been featured in international media, profiled by global thought leaders in the pensions and retirement fields, and nominated for an international pensions award. These designs are based on principles from the world's best pension organizations, the latest evidence on what works in retirement security, and an in-depth understanding of the needs of the communities we are serving.

  • 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

PLAN IMPLEMENTATION

 

We provide turnkey implementation of the plans we design. Implementations are complex processes, so we aim to make the experience as easy as possible for the plan sponsor, while meeting timelines and project budgets.

  • 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 in collaboration with our technology partner, JEA
  • Education and training of key stakeholders in the community / at the sponsor level

PLAN MANAGEMENT


We offer integrated, holistic, collaborative management of collective retirement plans on behalf of our partners. We serve as the management team for boards or sponsors, focusing on delivering value for money for members, high levels of client satisfaction, and the growth and continuous improvement of the plan.

  • 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 practicies from the world's top pension organizations
  • Self-serve, customizable digital technology created in collaboration with our technology partner, JEA
  • 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

Evidence shows that high-quality collective retirement plans tend to be

far more cost-effective than a typical individual approach to retirement

Our Principles

Members-first

A fiduciary duty to put plan members' interests first

Life cycle approach

Serving members throughout their working life and in retirement

Value-for-money

Focused on achieving maximum retirement income for every hard-earned dollar saved

Evidence-based

Informed by the latest research and data on “what works” in retirement security

Member-focused

Design and management focused on the unique needs of the membership group

Integrated

Bringing together investments, governance, technology, plan design, communications, member and employer service

Access and portability

Adapted to the needs of a 21st century labour force and economy

Tax and benefits optimization

Helping members to navigate complex tax and public benefits regimes so they can maximize their net retirement income

Continuous improvement

Collective retirement plans should evolve over time, as they scale, to continuously create more value, and a better experience, for members

We partner with labour unions, industry and professional associations, collaboratives within a particular sector, groups of employers and other communities

Willing to make a long-term commitment to strengthening retirement security

Have a strong understanding of their memberships and a strong desire to create value for those members

Have the necessary scale to create plans that can grow

JEA Evans and Associates (JEA)

JEA Evans and Associates (JEA)

Our Technology Partner

Common Wealth has partnered with JEA to create a simple, self-service plan administration and record keeping software to support its plans.

James Evans and Associates (JEA) is a Canadian pension administration software company with nearly four decades of pension experience. JEA provides pension solutions for many public-sector organizations, health care workers, and large unions, as well as most of the federal government pension plans. These plans together administer the pensions of nearly 1.5 million members.

Set up a portable retirement plan for your community