Canadian workers don’t think they’ll have enough savings for their retirement, according to two new surveys. While 68 per cent of respondents said they’re currently saving…
The Canada Pension Plan enhancements are a strong start but the country needs to do more to help people prepare for retirement, according to a…
While Canadians said they plan to retire, on average, at age 62, 59 per cent said they can’t estimate how much money they’ll need to…
Life expectancy at age 65 has marginally increased for Canadian men while remaining stable for Canadian women, according to new data from Statistics Canada. It…
The Canadian Life and Health Insurance Association is asking the federal government to develop a strategy for access to high-cost drugs and to make flexible annuity options available for…
Hub International Ltd. is acquiring Edmonton-based employee benefits and retirement consulting firm Benefex Consulting Inc. Benefex specializes in group insurance programs, retirement, wellness solutions and special…
The Canadian Life and Health Insurance Association is highlighting new retirement savings options and access to cheaper drugs in its priorities for the Quebec and Newfoundland…
The union representing 3,700 public sector employees in Newfoundland and Labrador are rejecting a proposed collective agreement from the provincial government, saying it includes unacceptable…
CARP is highlighting the need for further protections for defined benefit pensions in its 2020 Ontario budget priorities. The submission noted CARP, formerly the Canadian Association…
While more than half of Canadians agreed tax-free savings accounts (59 per cent) and registered retirement savings plans (57 per cent) are a crucial part…
Defined contribution pension plans in Ontario can now offer variable benefits to their plan members. The provincial government passed a series of regulations under the…
Half (50 per cent) of pre-retirees said they plan to work in retirement but only 11 per cent of retirees reported they actually had returned…
A potential Alberta Pension Plan would expose Albertans to material underwriting risks and the potential for political involvement in decisions about the plan’s investment policy,…
Financial well-being benefits are on the rise in North America, according to a new survey by WorldatWork. Among the companies surveyed, 70 per cent said they currently…
A new law expanding retirement plan options for small businesses may encourage more American companies to offer the benefits to their workers. The Setting Every…
French President Emmanuel Macron is preparing to launch a crucial week of negotiations with labour unions amid nationwide protests and transport strikes against the government’s…
The holiday season is a time to reflect on the events of 2019 and how they may affect trends in the year to come. I…
Legislative changes and plan design were among the leading topics in the pension and retirement industry in 2019, with the top three most read stories tackling those topics.…
More than half (56 per cent) of people in the world’s 10 fastest growing economies have retirement goals at roughly twice the size of what…
About a year ago, Benefits Canada introduced a few new columns and features, including our Head to Head, where every month we choose a hot…
This month’s Head to head considers the merits of both defined benefit and defined contribution plans as the country’s pension landscape becomes an increasingly diverse patchwork.…
In November 2018, Niagara Casinos set up a pop-up coffee shop, called NC Café, across its three locations for a week. It was part of…
With companies finding themselves strapped for cash in the wake of the coronavirus, are plan sponsors scaling back on the company match in capital accumulation…
Pension plan stakeholders will see a continued evolution of both short- and long-term reform, with some significant developments expected in 2020. “Hopefully, Ontario will finalize…
A new report by the C.D. Howe Institute is recommending the federal government amend legislation to allow Canadians to buy life annuities within a tax-free savings account.…