When the federal government introduced legislation to create pooled registered pension plans (PRPPs) for federally regulated employees in November 2011, it confidently predicted that the…
When the federal government introduced legislation to create pooled registered pension plans (PRPPs) in November 2011, it proudly boasted that PRPPs would provide Canadians with…
Some employers are opting to automatically enroll employees in workplace retirement plans and to increase contribution rates in the same way. If only strong member…
Recent polls suggest that Canadians aren’t using two potentially valuable retirement savings vehicles to their full potential.
Employees are staying into the workforce for much longer than their parents and grandparents did. There are both social and financial reasons driving this trend.…
With governments and media constantly focused on Canadians’ lack of retirement savings—and high levels of household debt—the time may be right for employees to finally…
Bill Morneau called it the “perfect cure” for insomniacs. Fred Vettese noted that people who bought the book on Amazon.ca also bought Dark Night Rises.
Disappointingly few Canadians are participating in their workplace retirement savings plans. Those who do aren’t paying much attention. So capital accumulation plan (CAP) sponsors are…
For group retirement plan sponsors, the formula for getting employees interested in their plans is elusive. Education, promotions, contests—sponsors have tried just about everything to…
It’s a constant question for employers: how do you attract the best and brightest people to your organization and then keep them?
The recent announcement that global HR consulting firm Mercer had decided to transfer much of its Canadian pension and group benefits outsourcing business to Morneau…
In the benefits world, plan administrators and healthcare practitioners work to save lives and costs by ensuring that preventative measures are addressed before serious illnesses…
"Engage, engage, engage” is an apt mantra for the capital accumulation plan (CAP) industry. With disappointing levels of employee engagement in Canadian retirement savings plans,…
DC plan sponsors need to step up their support for plan members, suggests Towers Watson’s Retirement Attitudes Survey.
New data from Towers Watson shows that it’s going to take Canadian workers more time to build a comfortable retirement nest egg than in years…
No matter how you slice it, being asked if you’re normal can be disconcerting. But pension plan sponsors seem to have no qualms asking members…
Considering the importance of communication as a performance driver for employee engagement, plan sponsors with culturally diverse workplaces should give special consideration to the language…
If you ask a registered pension plan administrator that has been dealing with GST/HST pension rebates and other tax filings what the acronym CRA stands…
Sun Life Financial has completed the first conversion of an annuity buy-in to an annuity buyout in Canada, according to a news release from the…
Canadian pension plan sponsors are increasingly focused on finding new ways to mitigate the employer risk inherent in DB plans, while also being mindful that…
Target date products (funds or automated portfolios) automatically reduce the exposure to equity and other risky assets of a DC member’s invested savings as he/she…
Getting players in the Canadian Football League (CFL) to focus on planning for their retirement while they work on passing yards or tackles is a…
My parents came from a small town in Italy near Monte Cassino. Apart from a famous battle there in World War II, the town is…
Everybody likes money, and everyone likes a good story. This should be welcome news, considering the alarming level of financial ignorance among DC plan members…
With more than 80% of Canadian plan sponsors currently offering a DC option in their employer-sponsored pension plans, the shift to DC is firmly entrenched.…