As the coronavirus pandemic sent the global economy into a tailspin, many Canadians grew increasingly concerned about whether they’d amassed enough savings to weather the…
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…
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…
While it’s easy to get into the weeds of inflation in the current economic environment, the fundamental question for DC plan sponsors and their members…
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…
While Canada’s financial industry has been successful in helping people accumulate savings during their working lives, the decumulation phase is a lot more complicated. One…
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…
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…
While the coronavirus pandemic has taken a heavy toll among the elderly, retirees have seen their pension payments and entitlements well protected in Canada and…
Juno College is planning to move to a 100 per cent employee-ownership model. The Toronto-based college, formerly known as Hacker U, was established by Heather…
Despite muted investment returns in the third quarter of 2021, capital accumulation plan member outcomes improved as annuity rates continue to rise, according to Eckler…
As inflation hits a record high in Canada, employers are helping workers weather the storm through various benefits and compensation offerings, according to several experts.…
Air Canada and unions representing more than 20,000 employees are reaching an agreement that will wind down a shared pension trust to the benefit of…
A story looking at dynamic pension pools as a decumulation option took the top spot over the past week on BenefitsCanada.com. Here are the five most popular…
If I’ve learned one thing about the Canadian pension industry over the past six years, it’s that change comes at a snail’s pace. When I…
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…
A majority of Canadian employers believe providing workplace retirement savings plans can improve employee attraction and retention, according to a survey by Maru Group Ltd.…
With 10 million Canadian baby boomers entering retirement, dynamic pension pools could help seniors turn their accumulated savings into low-cost lifetime pension income, according to…
A growing number of pre-retirees are planning to delay their retirement past age 65, according to a new survey by Fidelity Investments Inc. The survey,…
The Financial Services Regulatory Authority of Ontario is encouraging defined contribution pension plan sponsors and administrators to evaluate the use of automatic features within the…
Stories delving into how employers and employees are dealing with returning to the workplace dominated the top stories over the past week on BenefitsCanada.com, with three of…
Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and…
A story on the maximum pensionable earnings under the Canada Pension Plan for 2022 took the top spot over the past week on BenefitsCanada.com. Here are…
The maximum pensionable earnings under the Canada Pension Plan for 2022 is increasing to $64,900 from $61,600 in 2021. The new ceiling was calculated according to a CPP legislated…
The Council of Parties to the United Nations’ climate convention, known as COP26, which is currently underway in Glasgow has put climate change on the…