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58% of U.S. workers cite outliving assets as greatest retirement fear: survey

More than half (58 per cent) of U.S. employees say outliving their assets is their greatest fear in retirement, according to a new survey by…

Amendment to Manitoba pension legislation providing flexibility for beneficiary designation

An amendment to Manitoba’s Beneficiary Designation Act allows a pension plan member’s legal representative to now make a beneficiary designation on behalf of the member if…

  • By: Staff
  • June 8, 2023 June 7, 2023
  • 09:00

Half of U.S. workers say rising costs, financial crises impacting retirement savings: survey

Roughly half of U.S. employees say rising costs (49 per cent) and recent financial crises (46 per cent) have caused them to reduce or stop…

  • By: Staff
  • June 6, 2023 June 6, 2023
  • 15:00

Why are individual pension plans poorly understood by the pension sector?

While individual pension plans have been around since 1991, they aren’t being widely used by the people they’re designed to help and remain poorly understood…

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Equitable Bank’s 2022 Workplace Benefits Awards’ win empowering employees to improve financial wellness

Equitable Bank’s 2022 Workplace Benefits Awards win is empowering employees to ask for more financial wellness benefits and to recognize the full range of resources…

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Cyber attack compromises U.K. pension plan members’ personal information

The largest administrator of private defined benefit and defined contribution pension plans in the U.K. is revealing details about a cyber attack that compromised the…

  • By: Staff
  • May 25, 2023 May 25, 2023
  • 12:30
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U.K.’s first target-benefit pension plan announces 11.3% COLA

The U.K.’s first target-benefit pension plan is providing members with a cost-of-living adjustment that’s 1.2 per cent higher than the consumer price index. Members of…

  • By: Staff
  • May 23, 2023 May 23, 2023
  • 13:30
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Just 34% of U.S. SMEs offering retirement benefits: survey

Just a third (34 per cent) of U.S. small- and medium-sized employers say they offer retirement benefits, according to a new survey by Fidelity Investments.…

  • By: Staff
  • May 17, 2023 May 16, 2023
  • 09:00
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Manitoba, NL formally join multi-jurisdictional pension plan agreement

Manitoba and Newfoundland and Labrador have officially ratified an agreement on multi-jurisdictional pension plans, which will come into effect on July 1.  In March, the…

  • By: Staff
  • May 16, 2023 May 16, 2023
  • 12:30

Editorial: Fulsome total rewards package imperative in challenging labour market

There’s never a drought of challenges for employers and 2023 is proving no different. Today, they’re facing inflation, labour shortages, competition for hiring, high turnover…

Coverage of the 2023 DC Plan Summit

At the 2023 Defined Contribution Plan Summit, which was hosted in Montebello, Que. on Feb. 21-23, delegates learned from employer case studies and expert thought…

2023 DC Plan Summit: Why big decisions are so hard to make

Speaking during the keynote session at Benefits Canada‘s 2023 Defined Contribution Plan Summit, Seth Stephens-Davidowitz, New York Times’ bestselling author and former Google data scientist,…

2023 DC Plan Summit: Helping DC plan members mind the manageable risk gap

With group retirement plans aimed at helping members avoid risks and achieve their savings goals, defined contribution plan sponsors are uniquely positioned to step up…

2023 DC Plan Summit: DC industry’s objectives shifting from retirement to financial wellness

The traditional aim for the defined contribution pension industry has been helping plan members save for retirement, but as the nature of employment, plan design,…

2023 DC Plan Summit: How Australia, the U.S. are tackling decumulation challenges

While a third of Canadians are very or extremely confident they’ll be able to retire at the age they want to, around 40 per cent…

2023 DC Plan Summit: AI insights on financial wellness

Financial stress is impacting Canadians’ mental and physical health, as well as decisions related to their pension plans, said Matt Davison, Western University’s dean of…

2023 DC Plan Summit: A look at McGill University’s search for a comprehensive decumulation solution

While McGill University has factored decumulation into its pension plan for decades, the plan sponsor is continually fine tuning these strategies for members, said John…

2023 DC Plan Summit: Demystifying what ESG means for DC pension plans

While there’s a lot of noise and confusion around environmental, social and governance factors, it comes down to delivering value for investors in terms of…

2023 DC Plan Summit: Exploring secular trends and the impacts on retirement outcomes

Factors such as population demographics, productivity and geopolitics impact economic growth and, by extension, the retirement outcomes of defined contribution pension plan members over longer-term…

2023 DC Plan Summit: Tips for getting more retirement income with less risk

Even though it sounds obvious, maximizing retirement income and making it last for life isn’t what drives most retirees when it comes to making decisions…

2023 DC Plan Summit: Mitigating longevity risk key to ensuring income for life for DC plan members

Mitigating longevity risk is key to solving the decumulation challenge, said Pat Leo, Purpose Investments Inc.’s vice-president of longevity retirement solutions, during a session at Benefits Canada‘s 2023…

2023 DC Plan Summit: Eight billion reasons why capital investment matters again

With eight billion people consuming the planet’s resources, assets such as clean energy and sustainable agriculture are becoming increasingly important to institutional investors, said John…

2023 DC Plan Summit: Keep it simple, thoughtful and measurable to engage millennials in retirement savings

With multiple generations in Canada’s diverse labour force, each generation has distinct needs and expectations, with millennials, in particular, creating increasing challenges for plan sponsors.…

2023 DC Plan Summit: Amazon fostering holistic financial literacy, wellness among employees

Any new benefit introduced at Amazon has to align to its 16 leadership principles, which the organization lives and breathes every day. These include: learn…