Please join John A. Turner, Pension Policy Center, one of the co-authors of the research paper, Robo Advisors for Canadian Pension Participants, along with other guest speakers as they discuss this flourishing tool. Together, they will assess its impact - both the good and the bad - on financial decision-making by Canadian pension participants.
The key findings of their report are:
- 71 per cent of Canadians are not using a human financial advisor. Robo advisors can increase the accessibility of financial advice to previously underserved populations.
- The COVID-19 pandemic could continue to increase the popularity of Robo advisors.
- Robo advice differs considerably across advisors, which suggests that the quality of the advice may also vary considerably.
- It is more appealing for Canadians to choose Robo advisors than for Americans from the relative cost saving perspective.
- Artificial intelligence (AI) is improving Robo advisors’ financial recommendations.
- Canadian regulations could be changed to make it possible to provide non-hybrid Robo advisors with less human intervention.
We hope you can join us to hear firsthand the answers to these questions.
Download and read the full report that will be discussed >>> Robo Advisors for Canadian Pension Participants
Director of the Pension Policy Center
BIO: John has published 14 books and more than 100 articles on pension and retirement income policy, and financial advice relating to retirement. He received an award for best article of the year in the Journal of Risk and Insurance. He received a best paper award from the Pension, Benefits and Social Security section of the International Actuarial Association. He received the Department of Labor Special Act Award for work preparing the Secretary of Labor’s Labor Day Report. He received the inaugural Simplification Award from the American College of Employee Benefits Counsel for the best proposal for simplifying U.S. pension law. He received the volunteer of the year award from the Volunteers for Economic Growth Alliance, an alliance of organizations with more than 100,000 volunteers, for his work training pension regulators in East Africa. According to Google Scholar Citations, he has received more than 3,100 professional citations. He has a PhD in Economics from the University of Chicago.
Partner, Mercer's Wealth Business, Canadian Leader of Defined Contribution and Financial Wellness | Mercer (Canada) Limited
BIO: Jillian Kennedy is a Partner in Mercer's Wealth Business and is responsible for leading the Defined Contribution and Financial Wellness Strategy for Canada. Jillian is also a member of the Wealth leadership team and works closely with Mercer’s global teams. Jillian's main practice area is in supporting defined contribution pension plan and savings plans for plan sponsors and plan members. From plan design, investments, service provider management and ongoing governance support, Jillian applies a holistic approach to proactively manage plan sponsor objectives and improve the overall financial wellness of employees.
CEO, Smart Money Capital Management
BIO: Nauvzer Babul is the Founder and Chief Executive Officer at Smart Money Capital Management Inc. Mr. Babul has over 16 years of capital markets experience in various structuring, derivatives and portfolio management roles.
Before starting Smart Money in 2014, Mr. Babul held progressively senior positions at BMO Capital Markets, where he worked since 1999. He played a key role in developing an Equity and Fixed Income Structured Products business at BMO Capital Markets with business being generated through Canada, the U.S. and Europe.
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