Data management and transference is a key area of risk for pension plan sponsors as the vulnerability of engaging with third parties creates opportunities for…
3M will freeze its U.S. defined benefit pension plans for non-union U.S. employees, effective Dec. 31, 2028, and move plan members to a 401(k) plan structure. Eligible…
While there’s more work to be done before lifetime pension pools are widely implemented in North America, employers are increasingly aware of concepts such as…
While pension plan sponsors are still in the early days of exploring how artificial intelligence solutions could help automate maintenance tasks, they’re exploring the various…
U.S. pension risk transfer sales increased by 39 per cent during the third quarter of 2023, according to a report by LIMRA. It found single…
The government of Nova Scotia is introducing a new benefits and pension package for roughly 3,000 early childhood educators and support staff. All employees will…
The median solvency ratio of Canadian defined benefit pension plans declined in the fourth quarter of 2023, according to reports by Mercer and Aon. Mercer’s…
The House of Commons Special Committee studying Canada-China relations is calling on the federal government to bar Canadian pension funds from investing in Chinese companies…
With the arrival of the new year, there are three topics that will be important for pension plan sponsors, members and other industry stakeholders in…
Middle-income earners will start seeing a larger portion of their paycheques going toward their Canada Pension Plan contributions as of Jan. 1. A broader pension revamp began in 2019,…
The assets of Canada’s top 10 capital accumulation plan providers increased by 12.9 per cent over the previous year, from roughly $250,366 million at June…
A story about why employers might want to reconsider urging employees to use up their benefits was the most-read story on BenefitsCanada.com this week. Here…
A story on how the federal government is considering ending Canada’s ’30 per cent rule’ was the most-read investment story on BenefitsCanada.com this year. Here are…
In anticipation of 25 per cent to 35 per cent growth in Canada by the end of 2024, restaurant chain Chipotle Mexican Grill Inc. is making…
A story on how Organon Canada is supporting women employees at every stage of their career was the most-read story on BenefitsCanada.com. Here are the top…
In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former…
An article on how employers are enhancing their benefits packages to boost talent attraction and retention was the most-read story on BenefitsCanada.com this past week.…
An Ontario Superior Court ruling that allowed IBM Canada Ltd. to retrospectively rectify drafting errors that created unintended additional pension benefits for employees on disability…
In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s…
Only a third (31 per cent) of U.K. pension plan members say they have sufficient retirement savings, down slightly from 32 per cent in 2022,…
Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from…
The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by 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…
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…