As a solution to employee inertia, many plan sponsors with defined contribution arrangements are looking at setting automatic features as their plan’s default option. When…
Hub International Ltd. is acquiring Mississauga, Ont.-based employee benefits consulting firm GMS Insurance Inc. Last year, the global insurance brokerage acquired GMS’s Kitchener, Ont. operations.…
One in three (30 per cent) U.S. defined contribution plan sponsors have adopted a solution to deal with plan members’ need for a lifetime income,…
Canadian insurers paid out $98 billion in benefits in 2018, an increase of seven per cent over 2017, according to the Canadian Life and Health…
Capital Group has appointed Rick Headrick as president of its business in Canada. With more than 20 years of industry experience, he was most recently the president…
Defined contribution plan sponsors have to stay aware of plan design developments to improve their benefits offerings for their specific workforces, according to a new report by Callan.…
With the private sector’s move from defined benefit to defined contribution pension plans and rising life expectancies, the issue of retirement decumulation is increasing in…
A new report looking at four U.S. states that moved new employees from defined benefit to defined contribution or cash balance pension plans found the changes…
Compared to the preceding years, 2019 appears to be the year of steady when it comes to progress on hot topics that resonated in the…
The complexities of income tax at retirement can come as a shock to pensioners, but most plan sponsors are providing limited assistance in helping their…
Lululemon Athletica Inc.’s benefits program manager discusses engaging young employees with retirement savings, yoga benefits and riding his motorcycle to Whistler. Q. What top challenges do…
The Federal Court of Appeal has dismissed a legal challenge by former Air Canada pilots who claimed the company was wrong to force some to retire at age…
Schroders Investment Management Ltd. is naming Michelle Skelly as its new head of Canada. Skelly joined Schroders in 2007 and has served as institutional sales…
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…