The Government of Quebec is planning to introduce a bill in the spring of 2020 that would allow employers in the province to implement target-benefit pension plans.…
Hub International Ltd. has acquired the assets of Winnipeg-based benefits consulting firm W.R. Carey Corp. W.R. Carey provides a wide range of programs to employers,…
In tandem with Financial Literacy Month, Great-West Life Assurance Co. is adding Koho’s full-service spending account to select group retirement savings plans. The accounts are…
Governments in Asia are stepping up their pension reforms to boost retirement savings adequacy, potentially generating business opportunities for asset managers operating in the region.…
Maximum pensionable earnings under the Canada Pension Plan are rising from $57,400 to $58,700 for 2020. The increase takes into account the growth in average weekly wages…
Pensions have been imperilled by corporate insolvency before, but three new amendments to federal laws may create stronger protections for employees and retirees. Changes to the…
Unifor locals representing Via Rail Canada Inc. employees have opened bargaining in Montreal as contracts are set to expire for more than 2,000 members. Members…
Defined contribution plan sponsors have a tough job. “Every day that goes by, DC is getting harder and harder to solve for,” said Lorie Latham,…
When it comes to engaging employees on matters of financial and personal wellness, it’s increasingly clear one size no longer fits all. In a roundtable…
More plan sponsors are considering eliminating the waiting period for employees to join their pension plan, at least for employee contributions, according to a new report…
According to Goodyear Canada Inc., pension communications don’t have to be boring — and it’s not afraid to use puns to make its employees pay…
The Liberal Party of Canada is set to form a minority government after Tuesday’s federal election when it won 157 out of 338 seats. While the party made…
Canada’s retirement system jumped one spot to ninth place in Melbourne Mercer’s annual global pension index. Comparing 37 global retirement systems, the report found the Canadian system…
Allowing increased retirement savings pooling and portability can help improve efficiency, as well as pension plan member retention and continuity, according to a policy recommendation…
The combination of several innovations in defined contribution pension plan design can dramatically improve retirement readiness across income levels, according to a new report by…
An article on British Columbia’s updated pension standards, including the introduction of auto-escalation for defined contribution pension plans, was the most-read article on BenefitsCanada.com this past…
An article on a recent Ontario Superior Court decision related to surplus pension assets was the most-read article on BenefitsCanada.com this past week. Here are…
A recent Ontario Superior Court decision related to surplus pension assets was a rubber stamp of the monitor’s recommendations, rather than a decision with precedential…
The federal government’s recent announcement that it will make the employee ownership trust tax exemption permanent is a major incentive for employers to transition their…
The Ontario Pension Board is communicating its long-term strategic plan to members through a new interactive online page. The platform, dubbed ‘On the Horizon’, is…
In times of increased economic uncertainty, the number of tough financial choices facing the average person seems to rise exponentially. Clashing priorities battle it out:…
PepsiCo Canada may be known for quenching thirst and satisfying snack cravings, but the organization’s leadership recently identified another kind of demand: clearer, more personalized…
Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was…
Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…