Wall Street rally helped boost 401(k) gains in first half of 2024: report
Strong growth for stocks on Wall Street this year have helped juice gains for savers with retirement accounts. The average 401(k) plan balance stood at…
Top Stories in Pensions
Canadian pension risk transfer sales increase to $2.5BN in Q2 2024: report
The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.5 billion in the second quarter of 2024, compared…
- By: Staff
- September 5, 2024 September 6, 2024
- 09:00
Just 42% of U.S. workers confident they’re saving enough for retirement: survey
Just two-fifths (42 per cent) of U.S. employees say they feel highly confident they’re on track to save what they need in retirement, according to…
- By: Staff
- September 3, 2024 September 3, 2024
- 15:00
Top 5 HR, benefits, pension and investment stories of the week
An article on Citigroup Inc.’s new parental and caregiver leave programs for U.S. employees was the most-read story on BenefitsCanada.com this past week. Here are the…
- By: Staff
- August 30, 2024 August 29, 2024
- 09:00
Survey finds 34% of U.S. employees aged 50 and older phasing into retirement
A third (34 per cent) of U.S. employees aged 50 and older are phasing into retirement, according to a new survey by WTW. The survey,…
- By: Staff
- August 29, 2024 August 29, 2024
- 15:00
Ontario’s target-benefit framework too prescriptive, could lead to increased plan costs: ACPM
Ontario’s proposed regulatory framework for target-benefit pension plans includes requirements that are more prescriptive than other jurisdictions and could result in additional costs and reduced…
- By: Staff
- August 28, 2024 August 27, 2024
- 15:00
Argentine Senate passes pension spending increase in a blow to President Milei’s radical austerity
Argentina’s Senate defied President Javier Milei to push through an increase to pension spending that would cost at least 0.4 per cent of the country’s…
- By: Isabel Debre, the Associated Press
- August 23, 2024 August 23, 2024
- 13:00
20% of U.S. workers aren’t currently saving for retirement: survey
A fifth (20 per cent) of U.S. workers aren’t currently saving for retirement, according to a new survey by Flexjobs. The survey, which polled more…
- By: Staff
- August 23, 2024 August 22, 2024
- 09:00
Survey finds U.S. employees’ average retirement savings decreases in 2024
The average amount that U.S. adults have saved for retirement dropped slightly from US$89,300 in 2023 to $88,400 in 2024 and more than $10,000 from its…
- By: Staff
- August 22, 2024 August 21, 2024
- 09:00
Ontario Teachers’ appointing Mabel Wong as CFO
The Ontario Teachers’ Pension Plan is appointing Mabel Wong as its chief financial officer, effective immediately. She officially enters the role after serving as acting CFO following…
- By: Staff
- August 19, 2024 August 19, 2024
- 15:00
Top 5 HR, benefits, pension and investment stories of the week
An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the…
- By: Staff
- August 16, 2024 August 15, 2024
- 09:00
CAP member outcomes continue to increase in Q2 2024: report
Capital accumulation plan members continued to see an uptick in their plan outcome for the second quarter of 2024, as gross income replacement ratios remained…
- By: Staff
- August 14, 2024 August 14, 2024
- 15:00
Alberta officials advised against releasing CPP exit survey results: report
Alberta’s finance and treasury board warned against releasing the official results from a government survey evaluating the interest in a new potential pension plan, according…
- By: Staff
- August 14, 2024 August 16, 2024
- 15:00
How employers can support working grandparents’ financial wellness, retirement readiness
Working grandparents who are providing financial support to children and/or grandchildren are risking their own plans for retirement, says Craig Bannon, director of financial planning…
- By: Sadie Janes
- August 9, 2024 August 9, 2024
- 09:00
Head to head: Is it time to retire the term ‘retirement?’
One actuary says social and technological factors are changing the concept of retirement, while another notes the fundamentals remain the same. Michel St-Germain, retired actuary, fellow…
- By: Blake Wolfe
- August 9, 2024 August 7, 2024
- 08:59
2024 Consultants Report: Is there an inherent conflict of interest when consulting firms consolidate?
The consolidation of firms within the pension and benefits industries could pose a threat because there’s less choice available in terms of service providers, says…
- By: Sadie Janes
- August 9, 2024 August 19, 2024
- 08:57
Canadian pension plans facing unexpected taxes in EU countries: PIAC
Canadian pension plans are facing unforeseen taxation of dividends in European Union countries like Germany and the Netherlands, said the Pension Investment Association of Canada.…
- By: Staff
- August 13, 2024 August 12, 2024
- 09:00
Top 5 HR, benefits, pension and investment stories of the week
An article on the nuances of Quebec’s pension laws was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources,…
- By: Staff
- August 9, 2024 August 8, 2024
- 09:00
How Canada’s large pension funds are approaching green investment disclosures
Institutional investors are disclosing the environmental impact of their assets through increasingly sophisticated sustainability reports that use the latest disclosure metrics. While some of Canada’s…
- By: Bryan McGovern
- August 9, 2024 August 7, 2024
- 08:56
2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors
When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high…
- By: Michael McKiernan
- June 21, 2024 June 20, 2024
- 08:55
Top 5 HR, benefits, pension and investment stories of the week
An article highlighting CGI Group’s initiatives for Mental Health Awareness Month was the most-read story on BenefitsCanada.com this week. Here are the top five human…
- By: Staff
- May 24, 2024 May 23, 2024
- 09:00
Saskatchewan arbitrator sides with Canadian Blood Services in pension contributions case
A Saskatchewan arbitrator has ruled that Canadian Blood Services doesn’t owe an employee eight years of retroactive pension contributions because it took the proper steps…
- By: Julius Melnitzer
- May 16, 2024 May 15, 2024
- 09:00
How Ontario pay transparency legislation will impact employers
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…
- By: Sadie Janes
- December 4, 2023 December 1, 2023
- 09:00
Desjardins using budget workshops, interactive game to support employee financial wellness
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
- By: Sadie Janes
- November 24, 2023 November 23, 2023
- 09:00
2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…
- By: Kelsey Rolfe
- November 20, 2023 November 15, 2023
- 07:58