A pension dashboard that consolidates all of an individual’s pension and retirement information using pre-populated data would make it significantly easier for Canadians to access…
The implementation of variable payment life annuities in Quebec will support employee financial well-being and retirement readiness, while providing a model for other Canadian jurisdictions,…
Defined contribution pension plan sponsors are navigating the demands of a strict asset allocation guideline in accordance with Islam by incorporating Sharia-compliant funds into their…
The Canadian National Railway Co. is appointing Frederic Bessette as director of compensation strategy. Before taking a career break between October 2024 and May 2025,…
The Association of Canadian Pension Management is recommending a few amendments to the Pension Benefits Standards Act, including the required disclosure to spouses and electronic…
Canadian defined benefit pension plan sponsors have an average per-member administration cost of US$165, according to a new report by CEM Benchmarking Inc. The report,…
For most of the decade since I joined Benefits Canada, it feels like the pension industry has been moving at a snail’s pace. Don’t get…
The benefits of artificial intelligence go hand in hand with the many risks, but the pension industry’s requirements around fiduciary responsibility and governance, as well…
Benefits Canada celebrated the Defined Contribution Plan Summit’s 25th anniversary by looking at how the world has changed over the last quarter century, the subsequent…
Over the past 25 years, the pension industry has seen many significant shifts, from defined benefit to defined contribution, from accumulation to decumulation and from…
With climate change affecting the planet and artificial intelligence disrupting the concept of work, a profound generational shift is underway in how young people are…
As defined contribution plans mature, Canada is seeing the first wave of retirees that only have DC plans and plan sponsors are facing the challenges…
For defined contribution plan members, the evolution of education and engagement has passed several milestones, including the introduction of email and mobile apps. “At Manulife,…
In the early days of Bell Canada’s defined contribution plan, there was a lot of emphasis on information and big campaigns, but at that time,…
The evolution of pension plans from retirement tools to encompassing flexible savings models that prioritize financial wellness is a defining change over the past 25…
Calling all employers and plan sponsors — the 2025 Workplace Benefits Awards will open for entries on Monday, March 31. This year, Benefits Canada is…
Three-quarters (76 per cent) of U.K. employers offer alternative cash benefits to high earners in lieu of pension contributions, according to a new survey by…
Social media is breathing new life into employers’ pension communications, helping to make the benefit resonate with different audiences and offering organizations a far wider…
With the start of a new year, there are several developments and trends that will likely impact Canadian pension plan sponsors in 2025. Implementation of…
The keynote session at Benefits Canada’s 2024 Defined Contribution Investment Forum warned that the failure to plan for the ‘boomer bulge’ is affecting private and…
UAP Inc. is supporting employees’ financial wellness and retirement readiness with a new retirement toolkit. The toolkit, which launched this week, explains the company’s retirement…
One expert suggests employers bridge their knowledge gap by finding ways to turn education into action, while another says companies’ commitments to ongoing financial literacy…
The Canadian Association of Pension Supervisory Authorities’ new plan sponsor guidelines surrounding investment fee transparency are a good first step, but require further development to…
The Nova Scotia government is updating the provincial Pension Benefits Act to allow the unlocking of pension benefits. Effective April 1, 2025, plan members aged…
Canadian defined contribution plan members’ knowledge of target-date funds is lacking and it may point to a larger issue: the stakes set for member investment…