Latest news in Capital accumulation plans

2022 Pension Leadership Awards opens for entries

The Canadian Investment Review is now accepting nominations for the 2022 Pension Leadership Awards. The third annual Pension Leadership Awards will celebrate the organizations and individuals…

  • By: Staff
  • July 12, 2022 July 12, 2022
  • 12:00

Expert panel: How ESG-focused TDFs could impact workplace CAPs

With the increased focus on integrating environmental, social and governance factors into pension plans, a new approach by BlackRock Inc. could have a significant impact on…

Access to collective investment trusts will strengthen 403(b) retirement plans: report

U.S. employers offering 403(b) retirement plans will benefit from access to collective investment trusts, according to a report by the Defined Contribution Institutional Investment Association.…

  • By: Staff
  • July 6, 2022 July 6, 2022
  • 15:00
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Pensions, retirement security at heart of Timberland Equipment strike

More than 50 workers are on strike at Timberland Equipment Ltd. in Woodstock, Ont., after the company and the union failed to reach an agreement…

  • By: Staff
  • July 6, 2022 July 5, 2022
  • 09:00
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Survey finds half of young U.S. employees withdrawing early from retirement savings

Half (49 per cent) of U.S. employees younger than age 34 are withdrawing early from an individual retirement account or 401(k), according to a new…

  • By: Staff
  • July 5, 2022 July 4, 2022
  • 09:00

Pilkington Glass, Unifor agreement includes paid leave, DC pension enhancements

The union representing roughly 100 employees at Pilkington Glass in Whitby, Ont. has ratified a three-year agreement that includes benefits and pension gains. Members of…

  • By: Staff
  • June 28, 2022 June 27, 2022
  • 09:00
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Top 5 HR, benefits and pension stories of the week

An article on Stelco Inc.’s $1.3 billion annuity buy-in for one of its defined benefit pension plans was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • June 24, 2022 June 23, 2022
  • 09:00

75% of Canadian employees believe there’s an emerging retirement crisis: survey

Two-thirds (66 per cent) of employees are willing to take a job with a lower salary and a pension plan than one with a higher…

  • By: Staff
  • June 24, 2022 June 24, 2022
  • 09:00

How SEIU Healthcare is making retirement planning accessible for members

A quarter of single seniors live below the poverty line in Canada and the problem is getting worse, with employer-sponsored pension plans not accessible to…

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Report finds U.S. DC plan members continuing contributions in Q1, despite market upheaval

Just 0.9 per cent of 35 million U.S. defined contribution pension plan members ceased making contributions during the first quarter of 2022, according to a…

  • By: Staff
  • June 22, 2022 June 23, 2022
  • 15:00
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No need for separate OSFI culture risk management guideline, says CIA

Culture risk management can be enhanced within existing risk management frameworks, says the Canadian Institute of Actuaries, adding it doesn’t see a need for a…

  • By: Staff
  • June 22, 2022 June 21, 2022
  • 09:00

Unifor, PW Transit agreement includes CAAT DBplus pension membership

The union representing Pacific Western Transit Canada workers in Pemberton, Squamish and Whistler, B.C., has ratified a five-year collective agreement that will see members move…

  • By: Staff
  • June 21, 2022 June 20, 2022
  • 09:00
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Updated CAP guidelines must reflect changes in the pension industry: CPBI session

As the Canadian Association of Pension Supervisory Authorities looks to update its capital accumulation plan guidelines, the amendments must reflect the changes in the industry,…

NL’s College of Physicians and Surgeons latest employer to join DBplus pension

NL permitting electronic naming of beneficiaries for pensions, retirement plans

Pension and retirement plan members in Newfoundland and Labrador can now designate beneficiaries through electronic means. The amendment allows individuals to name beneficiaries electronically for…

  • By: Staff
  • June 10, 2022 June 10, 2022
  • 15:00
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Alberta seeking feedback on private sector pension legislation

The Alberta government is gathering feedback from stakeholders to help inform potential legislative and policy updates for private sector pension laws. The consultation will focus…

  • By: Staff
  • June 9, 2022 June 8, 2022
  • 09:00
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SPP adding two fund managers to diversify balanced fund portfolio

The Saskatchewan Pension Plan is allocating parts of its balanced fund to Ninepoint Partners and Fengate Asset Management in a bid to further diversify its portfolio. Ninepoint…

  • By: Staff
  • June 7, 2022 June 6, 2022
  • 09:00
Canadian ESG-related investment assets surge to $3.2 trillion: report

U.S. DC pension plan sponsors seeking clarity on ESG guidelines, increasing focus on financial wellness: survey

While there’s broad interest in environmental, social and governance factors, the majority of U.S. defined contribution pension plan consultants said their plan sponsor clients are…

  • By: Staff
  • June 6, 2022 June 3, 2022
  • 09:00
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Workplace Benefits Awards win boosting employee engagement for 2021 pension winner

Scotiabank’s win at Benefits Canada’s 2021 Workplace Benefits Awards led to increased employee engagement and peer recognition, says Rosemary Hatnay, director and head of total rewards solutions…

Report finds retirees with DB pension plans draw down savings slower than those with DC plans

Retirees with defined benefit pension plans are less likely to draw down their savings to cover their spending than those with a defined contribution plan,…

  • By: Staff
  • May 31, 2022 May 30, 2022
  • 09:00

Scotiabank supporting employee financial well-being with pension info sessions

Scotiabank is supporting its employees’ financial well-being with a week of information sessions in June. Ayman Alvi, director of global benefits at Scotiabank, says the…

Saskatchewan permitting electronic naming of beneficiaries for pensions, retirement plans

Pension and retirement plan members in Saskatchewan can now designate beneficiaries through electronic means. The provincial government recently passed a series of amendments regarding the…

  • By: Staff
  • May 27, 2022 May 27, 2022
  • 15:00

Top 5 HR, benefits and pension stories of the week

An article on how employers can create health benefits and retirement plans for gig workers was the most-read story on BenefitsCanada.com over the last week.…

  • By: Staff
  • May 27, 2022 May 26, 2022
  • 09:00
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Hitachi, Unifor agreement includes DB, DC pension increases, enhanced health benefits

The union representing employees at a Hitachi Construction Truck Manufacturing Ltd. plant in Guelph, Ont. has ratified an agreement that includes pension and benefits gains.…

  • By: Staff
  • May 24, 2022 June 22, 2022
  • 09:00
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Expert panel: How employers can design health benefits, retirement plans for gig workers

Whether they’re delivering takeout, chauffeuring passengers, or fixing leaky sinks, most gig workers in Canada don’t get benefits. Classified as independent contractors rather than employees,…