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Health benefits claims paid out to support mental health rose 24% in 2020: CLHIA

Canadian insurers paid out more than $97 billion in benefits from life and health insurance products in 2020, according to the Canadian Life and Health…

DC pension members prioritizing remuneration, ESG resolutions: survey

Governance-related resolutions are receiving more overall votes from defined contribution pension plan members, but environmental issues are more engaging on a vote-per-measure basis, according to…

  • By: Staff
  • September 14, 2021 September 14, 2021
  • 12:00

CPPIB, Ontario Teachers’ among the world’s top 20 pension funds

The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are among the 20 largest pension funds in the world in terms of…

  • By: Staff
  • September 9, 2021 September 9, 2021
  • 12:20
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Income inequality reducing retirement security in U.S.: report

Income inequality in the U.S. is contributing to the growth of financial insecurity in retirement, exacerbated by a shift from pensions to individual 401(k) savings…

  • By: Staff
  • September 8, 2021 September 7, 2021
  • 09:00

Which employers are finalists in the 2021 Workplace Benefits Awards?

Benefits Canada is pleased to announce the finalists of the 2021 Workplace Benefits Awards. This year’s entry and judging process took place during the second year of the coronavirus…

  • By: Staff
  • September 7, 2021 September 10, 2021
  • 09:00
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ESG integration hampered by pension plan sponsors, uncertainty around fiduciary duties: research paper

Board and executive-level efforts to integrate environmental, social and governance issues into pension plans’ investment strategies are frequently thwarted by unclear guidance from plan sponsors…

  • By: Staff
  • September 2, 2021 September 2, 2021
  • 09:00

Positive DC plan investment outlook, returns may fuel early retirements: report

After the market rollercoaster ride of 2020, investors’ expectations have shifted considerably, and many are now looking for returns of 10.6 per cent above inflation…

  • By: Staff
  • August 17, 2021 August 17, 2021
  • 09:00
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Ontario Medical Association introducing new pension annuity offering

The Ontario Medical Association is helping its members save for retirement with a new guaranteed lifetime income annuity. Kayte Fredrickson, vice-president of insurance for the…

Editorial: Looking back — and ahead — in an unprecedented year

Editorial: Pandemic just the latest challenge facing retirement readiness

Last year, Benefits Canada hosted its 2020 CAP Member Survey webinar just a few weeks after the World Health Organization declared the global coronavirus pandemic.…

2021 Consultants Report: Pandemic changing plan sponsor, consultant relationships

The past year and a half has been characterized by marked change. The move to remote work, industry layoffs and the desire for more robust…

  • By: Leah Golob
  • August 13, 2021 August 11, 2021
  • 08:56

2021 CAP Member Survey: How are CAP members faring during coronavirus?

For the past 15 years, Benefits Canada’s CAP Member Survey has taken the pulse of capital accumulation plan members’ retirement readiness, their knowledge, confidence and…

Market expansion a priority for DC pension consultants: survey

Market expansion in 2021 is a priority among Canada’s defined contribution pension consultants, according to a new survey by PIMCO Canada. The inaugural survey, conducted…

  • By: Staff
  • August 11, 2021 August 10, 2021
  • 09:00
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CLHIA calling for increased access to VPLAs, prescription drugs

The Canadian Life and Health Insurance Association is calling on the federal government to permit standalone variable payment life annuities to pool participants from all…

  • By: Staff
  • August 9, 2021 August 9, 2021
  • 15:00

Vale mine workers ending strike after winning pension, benefits increases

The first strike at Vale Canada in more than a decade is drawing to a close after unionized workers at the Sudbury, Ont., mine ratified a collective…

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George Hull Centre joining CAAT’s DBplus pension

The George Hull Centre for Children & Families is joining the Colleges of Applied Arts and Technology’s DBplus pension plan. The Toronto-based non-profit organization previously…

  • By: Staff
  • August 5, 2021 August 5, 2021
  • 15:00
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CAPSA developing multi-jurisdictional VPLA framework for DC pension plans

The Canadian Association of Pension Supervisory Authorities is developing a framework for defined contribution pension plans to offer variable payment life annuities. In developing the…

  • By: Staff
  • August 4, 2021 August 3, 2021
  • 09:00
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Canada’s pension plan sponsors prioritizing governance, but more work to be done: survey

While the majority of Canadian pension and retirement savings plan sponsors view governance as a top priority, 24 per cent said they haven’t conducted a…

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FSRA issuing guidance on pension plan administrator responsibilities

The Financial Services Regulatory Authority of Ontario is releasing final interpretation guidance to support the role and responsibilities of pension plan administrators. The guidance, an updated…

  • By: Staff
  • July 30, 2021 July 29, 2021
  • 09:00
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More plan sponsors meeting members’ retirement goals in 2021: survey

A majority (72 per cent) of plan sponsors believe their retirement savings plan is meeting its goals this year, up from roughly 66 per cent…

  • By: Staff
  • July 29, 2021 July 29, 2021
  • 09:00

How Willful is using benefits, flexibility and perks to attract top talent in tight labour market

While many organizations had to press pause on their hiring plans at the start of the coronavirus pandemic, Willful, a Canadian online estate planning company,…

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Rio Tinto workers striking over pension plan, retirement benefits

About 900 employees at Rio Tinto Group’s aluminum smelting facilities in Kitimat, B.C. are on strike after Unifor Local 2301 and the company failed to…

  • By: Staff
  • July 27, 2021 July 26, 2021
  • 09:00

64% of DC plan sponsors looking to improve financial wellness programs: survey

The majority (64 per cent) of consulting and advisory firms said their plan sponsor clients are looking to improve financial wellness programs, according to a…

  • By: Staff
  • July 22, 2021 July 22, 2021
  • 09:00

Expert panel: How plan sponsors can help make retirement, pensions more equitable

Diversity, equity and inclusion is top of mind for many plan sponsors these days. And, while issues around retirement and pensions likely aren’t the key focus…

Vale mine workers in Sudbury striking over cuts to drug coverage, retiree health benefits

More than 2,000 workers at a Vale nickel mine in Sudbury, Ont., are continuing their strike after their union, United Steelworkers Local 6500, rejected the…

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Pension membership on the rise in Canada: StatsCan

More than 125,000 Canadians became active members in a registered pension plan in 2019, according to a new report by Statistics Canada. It found the number…

  • By: Staff
  • July 7, 2021 July 7, 2021
  • 15:00