Latest news in Benefits Canada News

Independent Electricity System Operator using diversification to beat volatility

The Independent Electricity System Operator’s pension plan is in the midst of a comeback from a period of heightened post-coronavirus pandemic volatility, with diversification as…

Q&A with the Royal Bank of Canada’s Jamie Abbott

The RBC’s senior director of North American benefits and global well-being discusses building flexibility into the modern benefits plan, harnessing AI capabilities in the banking…

Coverage of the 2024 DC Plan Summit

At the 2024 Defined Contribution Plan Summit, which was hosted in Vancouver on Feb. 27-29, attendees learned about the various challenges and solutions for DC…

How AI is impacting DC plan members’ financial decisions

While artificial intelligence may one day be able to remove human bias from financial decision-making, that development remains far in the future, said Lisa Kramer,…

How DC plan sponsors can support women’s financial confidence

While women are increasingly becoming primary income earners, few women manage their own finances as they near retirement, said Elisha Ribeiro, national sales director for…

AI can enhance DC pension communication, employee experience

Employers can leverage artificial intelligence to enhance the employee experience, including improvements to defined contribution pension communication, said John Bradley, director of emerging technologies at…

A look at the Australian Retirement Trust’s approach to decumulation

Inspired by the University of British Columbia’s variable payment lifetime annuity option, the Australian Retirement Trust is taking a similar approach to decumulation, which, in…

Association of Ontario Midwives Benefits Trust supporting employees with financial literacy, DC plan options

Financial literacy initiatives and a wide range of capital accumulation plan options are key components in supporting the financial health of midwives, said Nicole Mellin,…

Are Canadians retirement ready?

Manulife Financial Corp.’s latest financial stress survey found two-thirds (64 per cent) of employees aged 55 and younger and 50 per cent of workers aged…

2024 DC Plan Summit: What are the options for implementing real assets in DC plans?

While real assets are largely absent among the investment options offered by Canadian defined contribution pension plans, they can offer significant long-term benefits to plan…

A look at the SPP’s evolving investment, decumulation options

From its roots as a retirement plan for Saskatchewan farmers, the Saskatchewan Pension Plan has grown over the past four decades to accommodate Canadians from…

What can Canadian DC plans learn from U.S. pension legislation?

Features such as automatic enrolment in 401(k) savings plans are helping U.S. employees become retirement ready, said Mark Iwry, a non-resident senior fellow at the…

AI presents opportunities, disruptions for DC pension plan investments

The evolution of artificial intelligence is creating new challenges and investment opportunities for defined contribution pension plan members, said Kathrin Forrest, equity investment director at…

How can DC plan sponsors solve the decumulation problem?

During a panel discussion at Benefits Canada’s 2024 Defined Contribution Plan Summit in February, three defined contribution plan sponsors shared their respective decumulation journeys and…

How DC plan sponsors can take the guesswork out of retirement planning

Technology plays an increasingly important role as defined contribution pension plan sponsors seek to deploy decumulation support and retirement advice at scale, said Jean-Michel Lavoie,…

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Caisse invests $200 million in Quebec-based apparel firm, CPPIB buys energy company for US$6.2 billion

The Caisse de dépôt et placement du Québec and Gildan Activewear Inc. have reached an agreement that will see the Montreal-based apparel manufacturer issue $200…

  • By: Staff
  • May 9, 2024 May 9, 2024
  • 15:00
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Expert panel: Cessation of real return bonds increases risk profile for Canadian pension fund model

The recent pressure put on Canadian pensions plans from private managers and governments to re-discover an investment home bias has been met with little enthusiasm,…

Working mothers fear losing ability to work from home: expert

More than two-thirds (68 per cent) of working mothers are concerned about losing the level of flexibility they have at work in 2024, according to a…

74% of U.S. DC pension plan sponsors to conduct plan fee review in 2024: survey

Three-quarters (74 per cent) of U.S. defined contribution pension plan sponsors say they’ll review plan fees throughout 2024, according to a new survey by investment…

  • By: Staff
  • May 8, 2024 May 8, 2024
  • 15:00
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Survey finds institutional investors are gaining confidence in cryptocurrency assets

Four in 10 (39 per cent) Canadian institutional investors say they have either direct or indirect exposure to cryptocurrency, according to a new survey by…

  • By: Staff
  • May 8, 2024 May 7, 2024
  • 15:00
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How the ‘father of the 401(k)’ is still helping employees find retirement security

More than 40 years after Ted Benna conceived of what’s now known as the modern defined contribution pension plan structure, the so-called ‘father of the…

Younger workers in the U.S. feeling less confident about their financial security: report

Younger workers in the U.S. are feeling less confident about their financial security compared to those from older generations, according to a report by LIMRA.…

  • By: Staff
  • May 7, 2024 May 6, 2024
  • 15:00

U.S. employees staying at current jobs due to work-life balance, financial stability: survey

Fewer U.S. workers are leaving their jobs, with roughly two-fifths citing improved work-life balance (44 per cent), interesting work (41 per cent) and financial stability…

  • By: Staff
  • May 7, 2024 May 6, 2024
  • 09:00
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Average Canadian DB pension plan returns 3.6% in Q1 2024: reports

The average Canadian defined benefit pension plan posted a median return of 3.6 per cent in the first quarter of 2024, according to a new…

  • By: Staff
  • May 6, 2024 May 6, 2024
  • 15:00

Employers can support workers’ mental health with digital toolkits, adequate coverage: expert

This Mental Health Week and beyond, employers can support employee mental health using digital toolkits, mental-health coaching and by providing adequate coverage, says Marie-Chantal Côtè, senior…