Canadian defined benefit plans posted a median return of 4.29 per cent in the last quarter of 2017, a marked improvement compared to the median return of…
The Canadian Life and Health Insurance Association is seeking feedback on a number of areas related to its new compensation disclosure guideline. Last month, the…
Members of the Canadian Union of Public Employees Local 561 in Coquitlam, B.C., have voted to transfer active employees from the School District No. 43…
Ahead of the next federal budget, the Canadian Life and Health Insurance Association is recommending the government allow Canadians to hold annuities within tax-free savings accounts.…
The Saskatchewan Pension Plan is introducing a significant increase to the annual contribution limit available to participants. Effective immediately, the annual limit will rise to…
While construction giant Carillion is grappling with a massive pension deficit in its British operations, the Canadian arm, which filed for bankruptcy protection this week,…
Aon Hewitt has developed a series of 10 questions for pension trustees to use to make sure they’re getting the most out of their relationships…
Since Canadians rely on a patchwork of incomes to fund their retirement, the worry by many of running out of money is a real possibility. A new…
More than 60 per cent of Canadians are concerned they’ll outlive their retirement savings and 45 per cent don’t feel confident they’ll be able to…
While 2017 was a relatively uneventful year in terms of legislative changes affecting pension plans, 2018 promises to be more significant, at least for many defined benefit…
Alcoa Corp. is freezing its defined benefit pension plan for Canadian and U.S. salaried employees. Effective Jan. 1, 2021, the change affects approximately 800 workers who will move…
About a quarter (23 per cent) of full-time American employees don’t receive workplace benefits such as health insurance, paid vacation or a retirement savings plan, according…
A proposed guideline setting out standards for the disclosure of intermediary compensation in group benefits and retirement services could have a big effect on the market. Dave Patriarche,…
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…