While defined contribution pension plans currently outnumber defined benefit pension plans, this wasn’t always the case, recalls Bita Jenab, a principal at RetirementWorks Services Inc.…
Our industry sometimes gets a bad rap for being overly traditional and slow to change. But there’s no question we’ve seen some major shifts in…
I was a little daunted to write a piece for Benefits Canada’s 45th anniversary issue — it has been almost 15 years since I last…
While Canada’s pension system continues to rank well globally, the current economic environment poses particular risks for defined contribution pension plan sponsors and members, according…
The Saskatchewan College of Pharmacy Professionals is joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. “I did a lot of research…
An article on Ontario’s incoming electronic monitoring policy was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories…
Canada’s gender pension gap is growing as Canadian women received an average of 18 per cent less retirement income than men in 2020, according to…
Nearly three-quarters (71 per cent) of Canadians say saving for retirement is a challenge amid rising inflation, an increase of six percentage points over 2021,…
Defined contribution pension plan members in the U.S. are committed to saving and investing, as only two per cent stopped contributing to their plan in…
Canadian life and health insurers processed nearly $600 million in claims related to mental health in 2021, up 45 per cent since 2020 and 75…
An article on Canada’s ranking in retiree well-being was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories…
After a tough couple of years, Canadians continue to face several challenges against an increasingly turbulent economic landscape. While most coronavirus restrictions were lifted in…
A gig worker by any other name would be a lot more expensive. In most jurisdictions, Uber Technology Inc. drivers and their app-based brethren are…
Canada ranks No. 15 among developed nations for retiree well-being, down from No. 10 in 2021, according to Natixis Investment Managers’ annual global retirement index.…
The modern economy is highly uncertain, with inflation and rising interest rates cutting into bottom lines everywhere. Employers are nervous as the cost of capital…
AGA Benefit Solutions is acquiring Vancouver-based Aptus Benefits Inc., a group benefits and retirement consultancy with expertise in collectively bargained plans and executive disability programs. Private…
The Pension Investment Association of Canada is providing feedback on the consultation draft of revisions to the Canadian Association of Pension Supervisory Authorities’ guidelines for…
Despite President Joe Biden’s new student loan forgiveness program, nearly two-thirds (60 per cent) of U.S. employers that currently offer a student loan repayment program…
Married women are more likely to say they’re confident they’ll have enough money to live comfortably throughout their retirement years than both divorced and single,…
Capital accumulation plan member outcomes saw a modest decline in the second quarter of 2022, as rising interest rates and the corresponding rise in annuity…
The vast majority (90 per cent) of low to moderate income workers say they’d open a long-term savings account if they were offered incentives, according…
A fifth (19 per cent) of U.S. employees say they’ve adjusted their retirement strategy and are taking a more conservative savings approach amid economic uncertainty,…
The union representing roughly 3,000 Canadian Pacific Railway Ltd. employees across Canada has ratified a two-year collective agreement that includes pension enhancements and increased benefits.…
In the midst of historically high inflation and ahead of a possible recession, it’s important for employers to offer benefits like financial counselling and flexible spending…
The uniting theme at the 2022 Defined Contribution Plan Summit was financial wellness, a chief concern for any employer that offers a pension plan to…