As the default funds in defined contribution plans evolve, two experts weigh in on the merits of more customized options. Olivia S. Mitchell, professor and…
In 2021, Foresters Financial redesigned its retirement and benefits plans to be more flexible, relevant and competitive, modernizing the plans with the recognition that employees…
The economic impact of the pandemic has been unevenly distributed across various industries, with travel and transportation among the hardest-hit sectors. However, while travel restrictions…
The vast majority of U.S. employers are eyeing enhancements to their defined contribution pension plans in an effort to boost their employees’ retirement security and…
In 2020, more than 6.2 million Canadians put aside a total of $50.1 billion for their retirement by making contributions to their registered retirement savings…
Rio Tinto Group is making parental leave more accessible for employees by removing the distinction between primary and secondary caregivers. The policy change — which…
In the fall of 2021, 39-year-old Krista Lehman quit her job as a program assistant at a Vancouver post-secondary institution to take a mental-health break…
While the majority (79 per cent) of U.S. employees remain confident they’ll be able to retire when and how they want, a quarter are less…
The Association of Canadian Pension Management is calling on Prince Edward Island’s pension regulator to amend the Employment Standards Act to facilitate auto-enrolment and auto-escalation…
This month marks the two-year anniversary of the World Health Organization declaring the coronavirus a global pandemic. In some ways, we’ve come a long way…
In 2020, LifeLabs Inc. embarked on a year-long journey to redesign its group registered retirement savings plan and deferred profit-sharing plan to make them less…
Almost two-thirds (62 per cent) of U.S. defined benefit plan sponsors are seeking to exit their plans, while 33 per cent are looking to achieve…
With today marking the second anniversary of the coronavirus pandemic, it isn’t surprising that a pair of articles on the pandemic’s lasting impact were among…
Three-quarters (75 per cent) of defined contribution plan sponsors cite reviewing fees as the most important step they took to improve their fiduciary position in…
Canada’s pension plans are weathering the coronavirus pandemic, with many plans currently in their best financial shape in several years. The early days of the…
The average 45-year-old Canadian employee earning $60,000 per year will need to accumulate $1.4 million in retirement savings by age 65 if they want to…
More than a third (36 per cent) of Canadians aged 18 to 25 have already begun planning and saving for retirement, according to a survey by…
An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here…
Target-benefit plans are being hampered by a disconnect between how they’re regulated and how they’re managed, according to a new report for the C.D. Howe Institute.…
A third (34 per cent) of U.S. retirees who took a lump sum from their defined contribution pension plan in retirement depleted that sum within…
Nearly two years into the coronavirus pandemic and the uncertainties brought on by the Omicron variant, markets held up in the last three months of…
Representatives from a few of Canada’s most progressive pension plans weighed in on topics ranging from plan design to the various challenges posed by legislation…
While Canadians continue to use registered retirement savings plans for retirement planning, knowledge about RRSPs has declined over the past five years, according to a…
Higher investment fees in capital accumulation plans can potentially set an individual’s retirement date back by four years, according to Mercer’s latest retirement readiness barometer.…
A retirement community operator is allowing employees to access their pay at any time as part of a wider financial wellness strategy. In May, Seasons…