Though more than half of Canadian capital accumulation plan members feel financially prepared for retirement, there’s a distinct difference across generations. Given their proximity to…
More than a fifth (21 per cent) of younger Canadian baby boomers haven’t saved for retirement, according to a survey by Franklin Templeton Investments Canada.…
A third of employees don’t expect to ever reach full retirement, according to a new survey by Aon. The survey, which polled 1,000 Canadians at all stages of…
Employees of Community Food Centres Canada will join the OPTrust Select defined benefit pension plan after more than 90 per cent voted in favour of…
Morneau Shepell Ltd. is acquiring Mercer’s stand-alone, large market health and defined benefit pension plan administration business for U.S. employer clients. Mercer will continue to…
When it comes to defined contribution pension plans, some “big rock” decisions for plan sponsors will have the most impact on member outcomes, while other…
With global and domestic equities rallying in the first quarter of 2019, Canadian defined benefit plan returns were lifted to 7.2 per cent in the…
When the World Economic Forum met this year in Davos, Switzerland, it chose a very timely topic: the fourth industrial revolution that’s about to be wrought by automation.…
Looks aren’t a solid basis on which to form a long-term relationship and neither is the surface-level appearance of a target-date fund. “In a perfect…
A year after the OPSEU Pension Trust launched a new plan for nonprofit organizations, it has enrolled its first members. The OPTrust Select was launched…
When trying to engage pension members in retirement planning, some words are better than others. Rob Kochel, vice-president at Invesco Ltd., advised employers at Benefits Canada’s…
The Canadian Association of Pension Supervisory Authorities has outlined its priorities for April 2019 to March 2022 in its new strategic plan, which included initiatives…
While the process has been slow to date, it’s clear the migration to defined contribution pension plans will continue in Canada. Defined benefit assets comprised about 47…
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…