Latest news in Capital accumulation plans

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PIAC asking B.C. to refrain from limiting entities that can offer variable life benefits

The Pension Investments Association of Canada is calling on the British Columbia government to refrain from setting limits on the type of entities that can…

  • By: Staff
  • January 24, 2024 January 23, 2024
  • 09:00

45% of U.S. DC plan sponsors considering adding emergency savings options in 2024: survey

More than two-fifths (45 per cent) of U.S. defined contribution pension plan sponsors say they’re considering implementing emergency savings features, according to a survey from…

  • By: Staff
  • January 23, 2024 January 23, 2024
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how the federal government should ensure its new Canadian Dental Care Plan doesn’t displace existing employer-sponsored dental coverage was the most-read story…

  • By: Staff
  • January 19, 2024 January 18, 2024
  • 09:00

PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024

The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding…

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Expert panel: Risk management, target-benefit framework among themes shaping pension industry in 2024

While it’s impossible to predict exactly how pension case law will evolve in future, one can offer an educated guess at some legislative developments and…

51% of U.S. workers want employers to cover health-care premiums as financial benefit: survey

More than half (51 per cent) of U.S. workers say they’d like to see fully paid health-care premiums as a financial benefit from their company,…

  • By: Staff
  • January 15, 2024 January 12, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

A story on mental-health themes and challenges for 2024 was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension…

  • By: Staff
  • January 12, 2024 January 11, 2024
  • 09:00

3M freezing U.S. DB pension plans for non-union employees by end of 2028

3M will freeze its U.S. defined benefit pension plans for non-union U.S. employees, effective Dec. 31, 2028, and move plan members to a 401(k) plan structure. Eligible…

  • By: Staff
  • January 10, 2024 January 10, 2024
  • 15:00
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Employers increasingly aware of lifetime pension pools, but more work to be done: report

While there’s more work to be done before lifetime pension pools are widely implemented in North America, employers are increasingly aware of concepts such as…

AI holds uncapped potential for pension plan sponsors’ administration, communications: expert

While pension plan sponsors are still in the early days of exploring how artificial intelligence solutions could help automate maintenance tasks, they’re exploring the various…

N.S. providing CAAT DBplus pension plan, comprehensive benefits plan to ECEs, support staff

The government of Nova Scotia is introducing a new benefits and pension package for roughly 3,000 early childhood educators and support staff. All employees will…

  • By: Staff
  • January 5, 2024 January 4, 2024
  • 09:00
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Expert panel: What does 2024 hold in store for the pension industry?

With the arrival of the new year, there are three topics that will be important for pension plan sponsors, members and other industry stakeholders in…

Canadian CAP providers’ assets up 12.9% in 2023: report

The assets of Canada’s top 10 capital accumulation plan providers increased by 12.9 per cent over the previous year, from roughly $250,366 million at June…

  • By: Staff
  • December 22, 2023 December 22, 2023
  • 09:00

U.K. CAP reforms could reduce pension quality, create administrative challenges: expert

A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are…

  • By: Sadie Janes
  • December 20, 2023 December 19, 2023
  • 09:00
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Can IBM’s retirement benefit account revive the traditional DB pension plan?

After closing its defined benefit pension plan nearly two decades ago and replacing it with a less riskier defined contribution plan, International Business Machines Corp.…

Top 10 pension stories of 2023

A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are…

  • By: Staff
  • December 18, 2023 December 18, 2023
  • 09:00
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Financial market regulators establish committee to implement total cost reporting plan

The Joint Forum of Financial Market Regulators is establishing a committee to help implement its total cost reporting plan. The plan aims to increase investor…

  • By: Staff
  • December 15, 2023 December 15, 2023
  • 15:00

Editorial: Saying goodbye to another challenging year

Since this month’s editorial is my farewell (for just five months) as I prepare for the birth of my second child at the end of…

Top 5 HR, benefits, pension and investment stories of the week

An article on how employers can support employees with attention deficit hyperactivity disorder was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • December 15, 2023 December 15, 2023
  • 09:00

Head to head: Is it time for DC plan sponsors to quit the balanced fund?

One defined contribution plan sponsor sings the praises of the traditional balanced fund, while another outlines a different option that better matches risk levels according…

Would Brazil’s new bond work in Canada?

RendA+, an innovative bond instrument in Brazil, is serving as a relatively safe asset for defined contribution pension plans and lowering retirement risk, especially for…

  • By: Sadie Janes
  • December 15, 2023 December 14, 2023
  • 08:55

Q&A with Metrolinx’s Lisa Ritchie

The organization’s vice-president of talent acquisition and total rewards discusses promoting careers to equity-deserving communities, a new menopause policy and the stability of joining a…

Converting DB pension plans to DC plans impacts cash flow, increases costs: report

U.S. public sector defined benefit pension plans that have switched to a defined contribution model have experienced negative cash flows and increased costs and employee…

  • By: Staff
  • December 13, 2023 December 13, 2023
  • 15:00

Gap persists between DC plan sponsor, member views on retirement readiness: survey

While the majority (87 per cent) of defined contribution pension plan sponsors feel their members are somewhat or very prepared for retirement, only 63 per…

  • By: Staff
  • December 11, 2023 December 11, 2023
  • 15:00