Defined benefit. Defined contribution. Target benefit. Shared risk. Collective. Multi-employer. Pooled. Canada’s pension and retirement landscape is littered with lingo that can often be confusing…
As world markets contend with supply chain issues stemming from climate change, the coronavirus pandemic and Russia’s invasion of Ukraine, environmental, social and governance considerations…
More than 54 per cent of 401(k) plan sponsors say they prefer to keep their retired members’ assets in their plan, a notable increase from…
The union representing 70 employees at Northern Transformer in Vaughan, Ont. has ratified a four-year collective agreement that includes pension and benefits gains. The agreement…
While U.S. workers aged 45 and older believe it takes, on average, $1.1 million in savings to retire comfortably, just 21 per cent expect to…
Arthur J. Gallagher & Co. has completed its acquisition of BCHR Holdings — also known as Buck — for US$660 million. Through the agreement, Gallagher will expand…
Even before the coronavirus pandemic, employers were predicting challenges around meeting the demands of unfilled roles in the skilled trades. For the last decade, the…
In its 2023 budget on Tuesday, the federal government proposed roughly $13 billion over the next five years and $4.4 billion ongoing to fully implement…
The union representing employees at Ontario-based flooring company Gesco Ltd. Partnership has ratified a three-year collective agreement that includes retirement and paid leave gains. The…
The median 401(k) account balance for women is 65 per cent lower compared to men, according to a new survey by T. Rowe Price. The survey,…
A British Columbia court has dismissed an appeal of a Supreme Court of B.C. decision that upheld the B.C. Credit Union Employers’ Pension Plan’s choice…
After reaching a near 40-year high over the past year, headline inflation started to cool in the final months of 2022 following a series of…
Traditionally, Chinese workers have relied on two pillars of income in retirement — the basic state pension and employer-sponsored plans open to employees in certain…
Spain’s left-wing government won the backing of unions to reform the nation’s public pension system on Wednesday, in stark contrast with neighbouring France, where plans…
The Association of Canadian Pension Management is encouraging the Canadian Association of Pension Supervisory Authorities to prioritize decumulation in its draft 2023-2026 strategic plan. In…
Ontario-based pension plan sponsors can help reduce the number of missing plan members by examining their communications strategies and maintaining best practices in record keeping…
Just over half (52 per cent) of Canadian women say they feel financially confident about retiring at their target age, compared to 68 per cent…
An article on how the Canadian Life and Health Insurance Association is collaborating with insurers on suspected benefits fraud investigations was the most-read story on…
Humi is supporting employees with an annual $500 employer match to its group registered retirement savings plan and fertility drug coverage. Andrea Bartlett, the human…
Demand for international pensions and savings vehicles is continuing to grow as employers try to optimize their benefits packages for different groups within their global…
Defined contribution pension plan providers and advisors say plan sponsors should offer and support in-plan decumulation options, according to a new survey by PIMCO Canada…
Nearly all (98 per cent) U.S. employees believe it’s important for their employer to provide a retirement savings plan, according to a new survey by…
Half (51 per cent) of Canadians are planning to contribute to their registered retirement savings plans this year — a substantial increase since last year…
An article on how employers can close the pension gap among BIPOC employees was the most-read story on BenefitsCanada.com over the last week. Here are…
Employers can leverage choice and financial education to help close the retirement gap among the Black, Indigenous and people of colour community, says Janice Holman,…