More than four years have passed since expert commissions in Ontario, Alberta, B.C. and Nova Scotia all endorsed target benefit plans (TBPs). TBPs are generally…
For employers that sponsor group retirement plans, the puzzle of how to get employees to make the most of their plans continues to be pieced…
It’s a constant question for employers: how do you attract the best and brightest people to your organization and then keep them?
When interviewed, Michael Worb jumps right into the driver’s seat by posing his own questions. An inclination to be both sociable and take charge is…
The recent announcement that global HR consulting firm Mercer had decided to transfer much of its Canadian pension and group benefits outsourcing business to Morneau…
In the benefits world, plan administrators and healthcare practitioners work to save lives and costs by ensuring that preventative measures are addressed before serious illnesses…
"Engage, engage, engage” is an apt mantra for the capital accumulation plan (CAP) industry. With disappointing levels of employee engagement in Canadian retirement savings plans,…
DC plan sponsors need to step up their support for plan members, suggests Towers Watson’s Retirement Attitudes Survey.
New data from Towers Watson shows that it’s going to take Canadian workers more time to build a comfortable retirement nest egg than in years…
No matter how you slice it, being asked if you’re normal can be disconcerting. But pension plan sponsors seem to have no qualms asking members…
On Nov. 15, 2012, regulations under Ontario’s Pension Benefits Act (PBA) were filed regarding the use of letters of credit (LC) to cover a portion…
Considering the importance of communication as a performance driver for employee engagement, plan sponsors with culturally diverse workplaces should give special consideration to the language…
If you ask a registered pension plan administrator that has been dealing with GST/HST pension rebates and other tax filings what the acronym CRA stands…
Canadian plan members reported a significant drop in the amount they believe they need to retire — from roughly $1.4 million in 2023, 2024 and…
While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent…
Methodology improvements are pushing the life expectancy of Canadian retirees and surviving spouses by roughly one year to age 65 as of Jan. 1, 2024,…
In its 2026 budget on Thursday, the Ontario government proposed doubling the pension benefits guarantee fund’s monthly guarantee limit from $1,500 to $3,000 for all…
The bankruptcy of the Hudson Bay Co. and subsequent loss of promised supplemental employee/executive retirement plan benefits to executives has caused many to rethink the…
Derek Dobson, chief executive officer and plan manager at the Colleges of Applied Arts and Technology’s pension plan, is departing the organization following a formal…
Bell Canada’s defined benefit and defined contribution pension plans are both overseen by the same pension committee. The meeting cadences differ, but the committee leans…
Employers can reinforce the value of their workplace retirement plans by communicating to plan members about the importance of having money later versus money now,…
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan…
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…