Home Pensions Page 2

Top Stories in Pensions

2022 DC Plan Summit: The impact of career gaps, caregiving on women’s retirement readiness

When it comes to educating women about retirement and their finances, the needle hasn’t moved enough in the past few decades because the language being…

2022 DC Plan Summit: Aligning organizational sustainability strategies with DC pension plans

While many organizations have launched a sustainability strategy, Sun Life Financial Inc.’s strategy is anchored in three fundamental principles: financial security, sustainable investing and living…

2022 DC Plan Summit: Considering flexibility when implementing in-plan decumulation

While defined contribution pension plan sponsors are focusing on providing members with information, education and guidance to ensure they’re ready for retirement, advice is becoming…

2022 DC Plan Summit: How are DC plan sponsors modernizing their savings plans?

In a panel discussion during Benefits Canada‘s 2022 DC Plan Summit, three defined contribution pension plan sponsors shared how their plans are evolving to ensure…

2022 DC Plan Summit: Reviewing retirement savings through a DEI lens

An open dialogue about diversity, equity and inclusion is vital for raising the resilience and overall wealth of pension plan members, said Ryan Weiss, vice-president…

2022 DC Plan Summit: Kraft-Heinz merger kicks off review, streamlining of pension plan

With the 2015 merger of Kraft Foods and H.J. Heinz Co., Kraft Heinz Canada was left with a “mixed bag” of savings and retirement programs.…

2022 DC Plan Summit: Canfor’s multi-year financial wellness program goes beyond retirement

Providing tools to help defined contribution pension plan members make solid financial decisions rather than making the decisions for them was the impetus for Canadian…

U.K. pension regulator calling on plan sponsors to support pension scam prevention strategy

The Pension Regulator, the U.K. government body that oversees defined benefit pension plans, is calling on plan sponsors to help advance a three-pronged strategy to…

  • By: Staff
  • August 11, 2022 August 11, 2022
  • 12:00
Copyright_millenius_123RF

Pension spending contributed more than $4.4BN to Alberta’s GDP in 2021: report

Pension spending alone supported more than 41,000 jobs across Alberta and contributed more than $4.4 billion to the province’s gross domestic product in 2021, according…

Copyright_grigorenko_123RF

Arconic, Unifor agreement protects workers’ DB pension plan

The union representing more than 200 employees at Arconic Corp. in Lethbridge, Alta. has ratified a four-year collective agreement that protects the defined benefit pension…

  • By: Staff
  • August 10, 2022 August 9, 2022
  • 09:00
Copyright_Mikhail Tsikhanovich_123RF

New Brunswick amending pension legislation to allow for reserve accounts, annuity buyouts

New Brunswick is amending its Pension Benefits Act to allow for enhanced communications with plan members, exempt compulsory membership for religious beliefs and allow for reserve…

Copyright_taaee_123RF

Alcoa entering $1BN annuity transfer for U.S. DB pensions

Alcoa Corp. is de-risking roughly US$1 billion in U.S. defined benefit pension obligations and assets with an annuity transfer. The group annuity contracts will be…

  • By: Staff
  • August 8, 2022 August 8, 2022
  • 15:00
Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

WestJet, Unifor agreement includes retirement gains, sick days

The union representing nearly 800 employees at Calgary and Vancouver airports has ratified a first contract that includes retirement and benefits gains. The contract cements…

FSRA seeking comment on draft pension registration guidelines

The Financial Services Regulatory Authority of Ontario is seeking feedback on its proposed guidance on requirements for pension plans to take certain actions to avoid…

  • By: Staff
  • August 16, 2022 August 17, 2022
  • 11:30

Editorial: Employers embracing innovation, flexibility in DC plan design

The uniting theme at the 2022 Defined Contribution Plan Summit was financial wellness, a chief concern for any employer that offers a pension plan to…

Head to Head: When it comes to fossil fuels, is divestment or engagement the right route for institutional investors?

While one expert says the two approaches work most effectively together, the other highlights the importance of complete divestment. Adam Scott, director at Shift Action…

Top 5 HR, benefits and pension stories of the week

An article on Canadian employers increasing salaries and offering remote work to attract talent was the most-read story on BenefitsCanada.com over the last week. Here…

  • By: Staff
  • August 12, 2022 August 12, 2022
  • 09:05

2022 DC Plan Summit coverage: What’s next for DC plans?

The 2022 Defined Contribution Plan Summit, which was hosted in Victoria, B.C. on May 11-13, featured several case studies from innovative DC plan sponsors, as…

2022 DC Plan Summit: Tracing the roots of dynamic pension pools across history, geographies

Dynamic pension pools can have a significant and positive impact on retirement outcomes if they’re supported by the appropriate legislative changes, said Barbara Sanders, associate…

2022 DC Plan Summit: Highlighting pension members’ financial stressors, connection to overall well-being

In the wake of the coronavirus pandemic, five major stressors are impacting Canadians’ overall well-being, with four of these related to finances: the knowledge gap,…

2022 DC Plan Summit: How Scotiabank connects financial wellness to overall well-being

During a session at Benefits Canada‘s 2022 DC Plan Summit, Simon Cabral, Scotiabank’s director of global defined contribution plans, shared how the organization ties employees’…

2022 Pension Leadership Awards opens for entries

The Canadian Investment Review is now accepting nominations for the 2022 Pension Leadership Awards. The third annual Pension Leadership Awards will celebrate the organizations and individuals…

  • By: Staff
  • July 12, 2022 July 12, 2022
  • 12:00

Ayman Alvi promoted to VP, global pension and benefits at Scotiabank

Scotiabank has promoted Ayman Alvi to vice-president of global pension and benefits. Alvi joined the bank in 2019 as director of global benefits. Previously, he…

  • By: Staff
  • August 5, 2022 August 4, 2022
  • 09:00

Top 5 HR, benefits and pension stories of the week

An article on a ruling against the Blue Cross Life Insurance Co. of Canada and how it could affect long-term disability premiums was the most-read…

  • By: Staff
  • August 5, 2022 August 5, 2022
  • 09:00

Brown and Caldwell leveraging employee ownership model with 5% raise amid inflation, tight labour market

Brown and Caldwell is recognizing employees’ hard work and resilience over the last two years with a company-wide salary increase. In July, the engineering consultancy…