Employees at a seniors’ residence in Hamilton, Ont., are asking the facility’s owner, the Ontario Teachers’ Pension Plan, to provide them with better pay and a…
In the fourth industrial revolution, technology is changing at a fast pace with a rolling effect on various industries. It’s also changing how people work, spend their…
Great-West Lifeco Inc. has signed a deal to sell its U.S. annuity and individual life insurance businesses to a subsidiary of Protective Life Corp. for…
Many defined benefit plans’ funded statuses are in relatively good territory, but with an uncertain investment atmosphere on the horizon, is now a good time…
Saskatchewan will soon be the latest jurisdiction to adopt an enhanced priority for deemed trusts created by its pension benefits legislation. The Pension Benefits Act…
Since plan administrators and sponsors aren’t generally pension or group retirement specialists, they depend on information from consultants and record keepers to determine the choices they’re…
Many defined benefit plans’ funded statuses are in relatively good territory, but with an uncertain investment atmosphere on the horizon, is now a good time…
The Shareholder Association for Education and Research is calling on federal policymakers to adopt measures to protect workers’ retirement savings. In a letter to the…
Canada should be considering the feasibility of a portable benefits plan for employees across the country, according to the Public Policy Forum. A portable benefits plan…
There are major differences between what defined contribution plan sponsors are trying to communicate to members and what members hear, according to a new study by Invesco.…
The Canadian government is “thinking outside of the box” with its proposal to extend the Bank of Canada’s program on dormant bank accounts to include unclaimed pension…
Fewer U.S. employees are reporting their employers are offering benefits, according to a new survey by the Employee Benefit Research Institute and Greenwald & Associates.…
iA Financial Group is introducing a virtual assistant to help personalize group benefits and pension plan member experience. The virtual assistant can be accessed using Google…
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…