Latest news in Benefits Canada Archive

What do target-date funds have in common with automobiles?

What do target-date funds have in common with automobiles?

At Benefits Canada‘s 2020 DC Plan Summit in Montreal in February, in a session highlighting innovations in target-date funds, Gary Chateram, former vice-president of institutional sales…

Taking a broader view of pension sustainability

Taking a broader view of pension sustainability

While the pension industry has historically thought about the sustainability of pension plans themselves, it’s now time to think about sustainability more broadly, said Kate…

  • By: Yaelle Gang
  • April 17, 2020 November 30, 2020
  • 08:45
Modern view of retirement readiness includes non-retirement goals

Modern view of retirement readiness includes non-retirement goals

As the world changes, so do the workforce and workplaces of today, demanding a new approach to how the industry is helping defined contribution plan…

The risks and rewards of post-retirement solutions

The risks and rewards of post-retirement solutions

As thoughts turn to decumulation, defined contribution plan sponsors have to look for different metrics to assess the variety of products on offer. During a…

Balancing the risks and opportunities of AI

Balancing the risks and opportunities of AI

Artificial intelligence is everywhere and will affect every sector, said Nathalie de Marcellis-Warin, president and chief executive officer of the research organization the Center for…

  • By: Yaelle Gang
  • April 17, 2020 November 30, 2020
  • 08:42
Using automatic tools to engage employees in retirement saving

Using automatic tools to engage employees in retirement saving

When Gracie Inacay, former executive director and head of HR at Harris Associates, joined the firm, she took a good, long look at its defined…

Connecting short- and long-term financial goals

Connecting short- and long-term financial goals

People across Canada are stressed out about money. In fact, 41 per cent of Canadians say money is their No. 1 source of stress, according…

  • By: Yaelle Gang
  • April 17, 2020 November 30, 2020
  • 08:40
An overview of new DC plan decumulation options

An overview of new DC plan decumulation options

From plan members to plan sponsors to providers, everyone in the industry is talking about decumulation. Even governments are getting in on the action. But…

Using creativity to engage employees with pensions

Using creativity to engage employees with pensions

When is the best time to tell your employees about how good your pension plan is? “Before someone else tells them about theirs,” said Keith…

Wrap-up: DC plan sponsor challenges and opportunities

Wrap-up: DC plan sponsor challenges and opportunities

Wrapping up the 2020 DC Plan Summit with his customary flair, Zaheed Jiwani, principal and leader of the DC consulting group at Eckler Ltd., highlighted…

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Bank of Canada would have cut rates on oil shock alone, Poloz tells MPs

The governor of the Bank of Canada says the central bank would have likely slashed its key interest rate in response to plunging oil prices,…

Caisse shifts roles to face global economic challenges

The Caisse de dépôt et placement du Québec is making a number of personnel changes as part of its response to the economic challenges. “At…

  • By: Staff
  • April 17, 2020 December 13, 2020
  • 08:07
Goldman Sachs using virtual programs to support workers, kids during coronavirus

Goldman Sachs using virtual programs to support workers, kids during coronavirus

Goldman Sachs Group Inc. is supporting its U.S. staff during the coronavirus pandemic with a series of programs they can tune into remotely, from fitness…

  • By: Staff
  • April 16, 2020 November 12, 2020
  • 09:45
How to ease pension plan member anxiety when they can’t access funds

How to ease pension plan member anxiety when they can’t access funds

Anxiety is running high for many Canadians who are feeling the immediate financial impact of the coronavirus pandemic due to job losses, reduced work hours…

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Bank of Canada keeps key interest rate target on hold at 0.25%

The Bank of Canada is warning that the downturn tied to COVID-19 will be the worst on record and that the economic recovery will depend…

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Managing fixed income liquidity issues caused by the coronavirus crash

When the coronavirus prompted a collapse in both economic activity and equity markets in March, it put an end to the longest bull market in…

How are Canadian employers handling workers’ family responsibility pressures?

The majority of Canadian employers are aware of workers who can’t conform to their normal schedule because of family responsibilities while working from home during…

  • By: Staff
  • April 15, 2020 November 23, 2020
  • 16:00

Feds expand CERB to workers earning up to $1,000 per month

The federal government is expanding the Canada Emergency Response Benefit to include workers whose monthly income has been reduced to $1,000 or less, in response…

  • By: Staff
  • April 15, 2020 March 19, 2021
  • 15:00
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How to ease pension plan member anxiety if they can’t access their funds

Anxiety is running high for many Canadians who are feeling the immediate financial impact of the coronavirus pandemic due to job losses, reduced work hours…

  • By: Yaelle Gang
  • April 15, 2020 December 13, 2020
  • 08:34
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IMF: Stung by virus, global economy will shrink 3% in 2020

Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International…

Feds urged to allow tax-deferred RRSP withdrawals during coronavirus

Feds urged to allow tax-deferred RRSP withdrawals during coronavirus

A new report by the C.D. Howe Institute is urging the federal government to suspend taxes on registered retirement savings plan withdrawals during the coronavirus pandemic. The report…

  • By: Staff
  • April 14, 2020 November 30, 2020
  • 15:45
Majority of Canadian workers feel safe at work: survey

Majority of Canadian workers feel safe at work: survey

The vast majority (86 per cent) of Canadians feel safe in their workplaces right now, according to a new survey. The survey, conducted by Angus…

  • By: Staff
  • April 14, 2020 November 12, 2020
  • 15:15
Are pension plans considering filing early valuations to lock in pre-coronavirus funded ratios?

Are pension plans considering filing early valuations to lock in pre-coronavirus funded ratios?

With coronavirus causing market volatility and an increase in the size of solvency liabilities, defined benefit pension plans are feeling the impact. One potential way…

Specialty drug usage, traditional drug costs drive small rise in 2019 spending: report

Specialty drug usage, traditional drug costs drive small rise in 2019 spending: report

Private drug plans saw a slight uptick in costs in 2019 due to the increased use of specialty drugs and higher price points for traditional medications,…

  • By: Staff
  • April 14, 2020 September 15, 2022
  • 10:00
Pension industry urging feds for relief from coronavirus fallout

Pension industry urging feds for relief from coronavirus fallout

The Association of Canadian Pension Management and the Pension Investment Association of Canada have sent the federal government their wish lists for actions to help…