Latest news in Benefits Canada News

DC pension industry must shift focus to adequate retirement income

DC pension industry must shift focus to adequate retirement income

While a lot of attention has been paid to “the front end of pension plans,” there hasn’t been enough focus on how that translates into…

Plan sponsor panel: Customizing plan design, communication key for DC members

Plan sponsor panel: Customizing plan design, communication key for DC members

In determining which savings options to offer employees, a key component is understanding the workforce and its goals, as well as communicating the offering in…

  • By: Yaelle Gang
  • April 12, 2019 September 13, 2019
  • 08:45
Investing through the DC plan member lens

Investing through the DC plan member lens

While user experience is a major focus in the technology world, it’s time to start looking at retirement from the end-user experience as well, said…

  • By: Yaelle Gang
  • April 12, 2019 September 13, 2019
  • 08:44
DC plan member actions affected by volatility

DC plan member actions affected by volatility

In the face of a challenging capital market and its subsequent volatility, defined contribution plan sponsors must consider the affect on plan member behaviour, said Colin…

Engaging millennials in retirement requires different solutions

Engaging millennials in retirement requires different solutions

With different generations in the workplace requiring personalized approaches, the pension industry is reimagining traditional savings plans, said Brady Aarssen, assistant vice-president of business development…

Strategic DC plan design driving right result

Strategic DC plan design driving right result

While the pension industry has traditionally spent a lot of time focusing on active management and its impact, the right result is driven by strategic…

Using plan design to drive better outcomes for DC plan members

Using plan design to drive better outcomes for DC plan members

Looking at the role of plan design in driving member outcomes, it comes down to data and experience, according to Margaret Rux, principal and department…

Holistic retirement thinking: Integrating public, private pensions

Holistic retirement thinking: Integrating public, private pensions

Defined contribution plan sponsors should consider Canada’s public pension system when designing their plans, according to a panel comparing the Canadian system to the ones…

  • By: Yaelle Gang
  • April 12, 2019 September 13, 2019
  • 08:39
Eliminating ‘tyranny of choice’ in DC plan enrolment

Eliminating ‘tyranny of choice’ in DC plan enrolment

Simplifying DC plan enrolment should begin by eliminating the “tyranny of choice,” making it easier for plan members to just get started, according to Tom…

Wrap-up: Revisiting traditional DC plan approaches

Wrap-up: Revisiting traditional DC plan approaches

As the retirement savings environment evolves, the pension industry must be aware of the changes to move with them, said Zaheed Jiwani, principal at Eckler…

  • By: Yaelle Gang
  • April 12, 2019 September 13, 2019
  • 08:37
Pension and benefits highlights from Ontario’s 2019 budget

Pension and benefits highlights from Ontario’s 2019 budget

In its 2019 budget announcement on Thursday, the Ontario government said it’s taking a step towards implementing a framework for target-benefit pension plans. The budget…

  • By: Staff
  • April 11, 2019 September 13, 2019
  • 16:20

Employers including diversity objectives in benefits, culture programs: survey

Employers are increasingly including diversity and inclusion objectives in their benefits, compensation, workplace culture and well-being initiatives, according to new research by Willis Towers Watson. The…

  • By: Staff
  • April 11, 2019 November 30, 2020
  • 09:50
Group TFSAs could encourage retirement savings for low-income Canadians: report

Group TFSAs could encourage retirement savings for low-income Canadians: report

Employers could play a role in encouraging low-income Canadians to save more for retirement by offering  group tax-free savings accounts, according to a report by the…

NZ pension funds pushing for change at Facebook, Google and Twitter

New Zealand government pension funds are calling on Facebook Inc., Alphabet Inc. and Twitter Inc. to reign in the proliferation of hate on their platforms in the…

Ellement merging with AQ Group Solutions

Ellement Consulting Group is merging with AQ Group Solutions to create an enhanced offering in the Canadian employee benefits market. The merger will combine AQ Group…

  • By: Staff
  • April 11, 2019 January 10, 2021
  • 09:15
Long-term disability claims expected to fall in 2019: research

Long-term disability claims expected to fall in 2019: research

Long-term disability claims are expected to fall by 3.6 per cent in 2019 compared to 2018 due to a slowing Canadian economy, according to research by…

  • By: Staff
  • April 10, 2019 September 13, 2019
  • 16:00
Hugh O’Reilly to be senior fellow at C.D. Howe

Hugh O’Reilly to be senior fellow at C.D. Howe

The C.D. Howe Institute is appointing Hugh O’Reilly as a senior fellow.  Formerly the president and chief executive officer of the OPSEU Pension Trust, O’Reilly…

  • By: Staff
  • April 10, 2019 September 13, 2019
  • 15:00
Think tank calling for tax-free workplace pension plans

Think tank calling for tax-free workplace pension plans

A new paper from Ryerson University’s National Institute of Ageing is calling for the creation of workplace tax-free pension plans to better support Canadians’ financial security…

Curbing global warming essential to investors and planet: report

Curbing global warming essential to investors and planet: report

Limiting global warming is essential to institutional investors, according to a new report by Mercer Canada. The report models three different scenarios, examining the impact…

More women leaving work to care for older relatives: study

More women leaving work to care for older relatives: study

As the need for elder care is increasing so are the related work disruptions, with more women than men taking on the responsibility, according to…

  • By: Staff
  • April 9, 2019 September 19, 2019
  • 15:00
Ontario removes red tape for pension plans joining JSPPs

Ontario removes red tape for pension plans joining JSPPs

The Ontario government is eliminating the requirement of government approval for employers seeking to merge single-employer pension plans with jointly sponsored pension plans. The change, put through…

As men take on more outside-of-work roles, women win in workplace: study

Today’s corporate culture of always being on and available has led to higher levels of work-life conflict where men are struggling to balance their new…

Employers must prepare to be compliant with federal pay equity: Mercer

Employers must prepare to be compliant with federal pay equity: Mercer

Canadian employers may need to re-evaluate how they think about job classes and compensation when the federal pay equity legislation comes into effect. The new…

Extra EI sickness benefits would cost feds $1.1 billion a year: PBO

Providing income support for a year to people who are too sick to work would cost the federal government $1 billion more than its current…

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Information security, data privacy an increasing concern with flexible working: study

While half of workers frequently work outside the office, 11 per cent said their employer has no security protocols for using work-related electronic devices offsite, according…