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CAPSA seeking feedback on revised CAP guidelines

The Canadian Association of Pension Supervisory Authorities is releasing a consultation draft of revisions to its guidelines for capital accumulation plans. The updated guidelines replace…

How are personalized communications connecting with employees?

As employers increasingly customize their human resources, benefits and pension communications campaigns, how are these methods connecting with employees? Long gone are the days of…

How employers can support workers as record number of Canadians near retirement

With a record number of Canadians nearing retirement, employers can support workers through retirement planning initiatives and education, says one expert. According to a report…

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Canadian pension funds top global transparency ranking: report

Canadian pension plans are the most transparent in the world, according to a new report by Top1000funds.com and CEM Benchmarking Inc. The report, which uses…

  • By: Staff
  • April 14, 2022 April 13, 2022
  • 09:00

How Foresters Financial redesigned its pension, benefits plans to provide employees with more flexibility

In 2021, Foresters Financial redesigned its retirement and benefits plans to be more flexible, relevant and competitive, modernizing the plans with the recognition that employees…

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U.S. employers enhancing or looking to enhance DC pension plans: survey

The vast majority of U.S. employers are eyeing enhancements to their defined contribution pension plans in an effort to boost their employees’ retirement security and…

  • By: Staff
  • April 12, 2022 April 11, 2022
  • 09:00

Financial wellness programs should have measurable, tangible impact: study

While many employees say they’re open to using employer-provided financial wellness assistance, some are hesitant, citing lack of trust and a need for employers to…

  • By: Staff
  • March 28, 2022 March 28, 2022
  • 15:00

How LifeLabs redesigned its RRSP-DPSP to maximize employee engagement

In 2020, LifeLabs Inc. embarked on a year-long journey to redesign its group registered retirement savings plan and deferred profit-sharing plan to make them less…

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Report finds disconnect between how target-benefit plans are regulated, managed

Target-benefit plans are being hampered by a disconnect between how they’re regulated and how they’re managed, according to a new report for the C.D. Howe Institute.…

  • By: Staff
  • March 3, 2022 March 3, 2022
  • 09:00

How are investment fees impacting retirement readiness?

Higher investment fees in capital accumulation plans can potentially set an individual’s retirement date back by four years, according to Mercer’s latest retirement readiness barometer.…

  • By: Staff
  • February 25, 2022 February 24, 2022
  • 09:00

Employers building relevant financial wellness programs for both DB, DC pension members

Canadian Forest Products Ltd.’s new financial wellness program may have originated as the brainchild of its defined contribution pension plan committee, but it’s just as…

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OSFI, FSRA set out six recommendations for strengthening CAP guidelines

The Office of the Superintendent of Financial Institutions and the Financial Services Regulatory Authority of Ontario are putting forward six recommendations for strengthening the Canadian Association…

  • By: Staff
  • February 9, 2022 February 8, 2022
  • 09:00

How can DC plan sponsors thrive in a world of disruption?

Defined contribution plan sponsors are facing a world of disruption, from artificial intelligence and big data to the Great Resignation and the shifting of power…

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New Brunswick to allow windup of pension plans with missing members

New Brunswick’s new unclaimed property regime, which came into force on Jan. 1, 2022 and is the fourth such provincial regime in Canada, will finally…

Top 10 pension stories of 2021

Among 2021’s most popular pension stories on BenefitsCanada.com, Benefits Canada and the Canadian Institutional Investment Network’s rankings of the top 100 defined benefit plans and top…

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New survey finds gender, generational gap in employee financial wellness

Women are 10 per cent more likely than men to say their financial health is the same or worse than last year, according to a…

  • By: Staff
  • December 21, 2021 December 21, 2021
  • 15:00
Editorial: Looking back — and ahead — in an unprecedented year

Editorial: Promising signposts for the year ahead

Once again, the end of year is near. Besides the extraordinary presence of vaccines and the movements in public health restrictions across the country, most…

Coverage of the 2021 DC Plan Summit

At the 2021 Defined Contribution Plan Summit, which was hosted virtually on Oct. 6, delegates heard about several pressing issues facing DC plan sponsors and…

2021 DC Plan Summit: CPP/QPP delay a simple solution to improving retirement readiness

Managing and drawing down retirement savings is an “impossible task” with contributing factors including the trend away from workplace pension plans, historically low interest rates…

2021 DC Plan Summit: Lessons learned from offering in-plan decumulation options

Low financial literacy and the slow pace of legislative frameworks are among the challenges hindering Canadian DC plans from offering in-plan decumulation options, according to…

2021 DC Plan Summit: A look at how DC plan members value target-date funds, ESG investments

While target-date funds are highly prevalent in defined contribution pension plans’ investment portfolios, gaining space as the default of choice, areas of improvement exist in…

2021 DC Plan Summit: What legal issues are facing DC plan sponsors?

Among all the legal issues facing DC plan sponsors and administrators, questions around contribution errors is top of mind. “The industry has been speaking with…

Pandemic affecting U.S. employees’ financial stress, productivity: survey

Both employees and human resources executives are seeing the impact of personal financial stress on work productivity and performance during the coronavirus pandemic, according to a…

  • By: Staff
  • December 16, 2021 December 15, 2021
  • 09:00

A look at the Co-operators Group’s new decumulation offering

One, as Harry Nillson crooned in his classic breakup song, can feel like the loneliest number. At the end of working life, many retirees with…