My Take: Do more to help your employees save
I’ve been saving for retirement in an RRSP since I began working, but my past employers haven’t done a great job of communicating the benefits…
- By: Craig Sebastiano
- March 1, 2015 September 13, 2019
- 07:00
I’ve been saving for retirement in an RRSP since I began working, but my past employers haven’t done a great job of communicating the benefits…
Want your employees to save more for retirement? Help them get out of debt.
While a majority of plan members participate in their voluntary group retirement plans, a large minority of them are forfeiting the employer contribution altogether.
Replacement income levels generated by capital accumulation plans fell further in the fourth quarter of 2014, according to Eckler’s Capital Accumulation Plan Income Tracker.
When U.K.-based Sainsbury's had to modify its pension, positioning the changes properly to 161,000 employees was critical.
A slight majority of HR professionals aren't in favour of the proposed Ontario Retirement Pension Plan, finds a Human Resources Professionals Association survey.
Canadian DC plan sponsors need a boost to drive employees’ retirement savings
Sixty-six percent of Ontario companies may consider eliminating their existing DC or group registered retirement savings plan if the Ontario Retirement Pension Plan is introduced,…
Global DC pension assets have grown to 47% of all pensions assets in 2014 from 38% in 2004 and are expected to overtake DB assets…
As more retirees remain on the job, companies should consider phased retirement arrangements
To improve the long-term financial outlook for workers, a survey finds that the majority of U.S. companies now offer automatic features in their 401(k) plans…
Automatic enrollment can have a powerful influence on participant saving and investment behaviour, finds a Vanguard study.
Families without registered pension plans (RPPs) aren't fully compensating for their lack of RPP coverage through increased savings in other assets, says Statistics Canada.
An increasing number of companies are broadening the types of financial and retirement planning tools and resources they provide to workers.
Standard Life and the Canadian Federation of Independent Business are offering a new retirement savings solution called PrimaPension, which is designed to meet the requirements…
Ninety-seven per cent of DC plan sponsors and 90% of RRSP sponsors say their plans are meeting their original capital accumulation plan (CAP) objectives, reveals…
Legislation to create a retirement plan for private sector employees in Illinois has been signed into law.
Get creative with DC communications by focusing on member behaviour.
DC plan assets are continuing to grow as more Canadian companies are shifting away from DB plans. Shawn Cohen, a director of relationship management for…
This year was an interesting one for the pension industry. After enhancing the Canada Pension Plan was put on hold in late 2013, Ontario went…
The evolution of 401(k) plan designs has resulted in a significant increase in the use of balanced funds, including target-date funds, by recently hired 401(k)…
As policy-makers across the country implement pension reform and address priorities, we wanted to highlight a few of the recent reforms impacting private sector registered…
Discussions about pension plan de-risking tend to focus on minimizing—or at least managing—financial risk for DB pension plan sponsors. Across the spectrum of pension risk…
The Canadian life and health insurance industry is extremely disappointed with the suggestion in the Ontario government's consultation paper on the Ontario Retirement Pension Plan…
The holidays are a magical time. For many of us, they offer a period of reflection, renewal and planning for the coming year. It’s a…