Other – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Financial market regulators establish committee to implement total cost reporting plan https://www.benefitscanada.com/pensions/cap/financial-market-regulators-establish-committee-to-implement-total-cost-reporting-plan/ Fri, 15 Dec 2023 20:00:07 +0000 https://www.benefitscanada.com/?p=148899 The Joint Forum of Financial Market Regulators is establishing a committee to help implement its total cost reporting plan. The plan aims to increase investor and policy-holders’ awareness of the ongoing costs of owning investment funds and individual segregated fund contracts. The committee, which is comprised of joint forum members and industry representatives, will provide […]

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]]> Men more likely than women to report reduced stress due to financial wellness programs: survey https://www.benefitscanada.com/news/bencan/men-more-likely-to-report-reduced-stress-due-to-financial-wellness-programs-survey/ Mon, 25 Sep 2023 13:00:48 +0000 https://www.benefitscanada.com/?p=143948 More than a quarter (28 per cent) of male employees in the U.S. report a reduction in their stress levels due to their employer’s financial wellness programs, compared to 18 per cent of women, according to a new survey by HerMoney Media Inc. and Principal Financial Services, Inc. The survey, which polled 900 U.S. employees […]

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]]> Alberta deserves more than half CPP assets if it exits program: report https://www.benefitscanada.com/pensions/governance-law/alberta-deserves-more-than-half-cpp-assets-if-it-exits-program-report/ Fri, 22 Sep 2023 13:00:53 +0000 https://www.benefitscanada.com/?p=143871 A report commissioned by the Alberta government estimates the province would be entitled to more than half the assets of the Canada Pension Plan if it were to exit the national retirement savings program and go it alone. A third-party report compiled by consultant LifeWorks Inc. (now part of Telus Health) calculated that if Alberta gave the […]

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]]> MVF supporting employees’ financial wellness needs through new cost-of-living benefit https://www.benefitscanada.com/benefits/health-wellness/mvf-supporting-employees-financial-wellness-needs-through-new-cost-of-living-benefit/ Wed, 01 Mar 2023 14:00:52 +0000 https://www.benefitscanada.com/?p=134618 MVF is supporting its multinational workforce amid rising inflation with a new cost-of-living benefit. The U.K.-based marketing company introduced the new benefit last October, after an employee pulse survey revealed the most helpful financial support would be cash lump sums to help pay for big bills such as rent and utilities, said Hannah Meredith, the […]

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]]> Canadian DB pension plan solvency ratios up 10% in 2022: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/canadian-db-pension-plan-solvency-ratios-up-10-in-2022-report/ Tue, 03 Jan 2023 18:00:17 +0000 https://www.benefitscanada.com/?p=132019 The average solvency ratio of Canadian defined benefit pension plans grew by 10 per cent in 2022, according to a new report by Mercer Canada. The report, which looked at the overall 2022 performance of more than 500 Canadian DB plans in the consultancy’s pension database, found the median solvency ratio reached 113 per cent […]

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]]> Gallagher acquiring Buck for US$660 million https://www.benefitscanada.com/news/bencan/gallagher-acquiring-buck-for-us660-million/ Wed, 21 Dec 2022 14:00:37 +0000 https://www.benefitscanada.com/?p=131765 Arthur J. Gallagher & Co. is acquiring BCHR Holdings — also known as Buck — for US$660 million. Through the agreement, Gallagher will expand its retirement, benefits and human resources consulting services in Canada, the U.S. and the U.K., according to a press release, which noted Buck currently has 2,300 employees across these markets. Read: […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-17/ Fri, 16 Dec 2022 14:00:03 +0000 https://www.benefitscanada.com/?p=131493 An article on how Canada compares to other countries in terms of its vacation day offering was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canada ranks 39 out of 43 countries for vacation day offering: report 2. Coke Canada expanding coverage for mental-health, family-building […]

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]]> Canadians’ pension wealth increased to $4.9 trillion in 2021: report https://www.benefitscanada.com/news/bencan/canadians-pension-wealth-increased-to-4-9-trillion-in-2021-report/ Thu, 15 Dec 2022 14:00:27 +0000 https://www.benefitscanada.com/?p=131312 Canadians’ total pension wealth increased by 7.9 per cent in 2021 to reach nearly $4.9 trillion by the end of year, according to a new report by Statistics Canada. It found revaluations of pension asset prices — largely due to equity market gains — increased pension wealth by $259.4 billion in 2021. On average, pension […]

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]]> Expert panel: An update on regulatory oversight of pension risk management https://www.benefitscanada.com/expertpanel_/susan-g-seller/expert-panel-an-update-on-regulatory-oversight-of-pension-risk-management/ Tue, 13 Dec 2022 14:00:01 +0000 https://www.benefitscanada.com/?p=131175 In January, the Canadian Association of Pension Supervisory Authorities established a new committee with a mandate to develop a risk management guidance. In the CAPSA’s view, by having an adequate system for managing risks, “plan administrators are better positioned to keep pension assets safe and protect the plan from adverse risks.” Coinciding with this initiative, […]

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]]> Is the concept of financial independence and early retirement truly feasible? https://www.benefitscanada.com/pensions/retirement/is-the-concept-of-financial-independence-and-early-retirement-truly-feasible/ Fri, 18 Nov 2022 14:01:18 +0000 https://www.benefitscanada.com/?p=129982 The FIRE concept — financial independence and retiring early — is gaining traction among younger workers, but as appealing as early retirement may be, it isn’t very realistic given the current economic conditions, according to experts. Bonnie-Jeanne MacDonald, director of financial security research for the National Institute on Ageing at Toronto Metropolitan University, notes the population […]

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