Mercer has completed the previously announced acquisition of Pavilion Financial Corp.’s investment consulting, alternatives consulting and wealth management operations. “We’re thrilled to be welcoming Pavilion…
While Canadians aged 18 to 34 are the most likely age group to believe their standard of living will increase in retirement, they’re also the least…
Aon has partnered with six Canadian insurance providers to offer traditional and flexible benefits through its Aon Choice platform. The new partnership includes Sun Life…
It’s been 40 years since Ted Benna, then a 36-year-old U.S.-based benefits consultant, noticed a new Internal Revenue Service section that had potential implications for cash-deferred…
In 2016, the Government of Canada reached an agreement with the provinces that provides for significant enhancements to the Canada Pension Plan, with an announcement of…
The federal government is launching national consultations on enhancing the retirement security of Canadians, including potential actions on pension regulations and bankruptcy and insolvency laws. Previously…
Currently in their 50s, 60s and 70s, baby boomers cover a wide age range — and their workplace pension plans are equally diverse. So determining…
Using a Canada-model pension plan, employees would see $5.32 in retirement income for every dollar they contribute compared to the typical $1.70 resulting from an individual approach,…
The majority (84 per cent) of employees would be interested in obtaining financial education programming in the workplace, according to a survey by the Canadian Payroll Association. The…
These days, peace of mind is hard to come by, but the employers at the 2018 Workplace Benefits Awards roundtable centred their discussion around the…
Employer-provided financial wellness programs have a measurable affect on employees’ retirement readiness, according to a recent study by U.S.-based think-tank Financial Finesse Inc. When employees repeatedly engage…
Maximizing retirement income is the most important investment and retirement issue among Canadians aged 55 or older, according to a survey by BMO Wealth Management. A…
Niagara Casinos’ multi-pronged approach and leveraging of company resources to promote financial literacy among employees contributed to its award for financial wellness at Benefits Canada’s 2018 Workplace…
Measuring happiness has a role to play in determining the success of retirement solutions and their outcomes, according to a new global survey by State…
Tension between pension adequacy and sustainability is growing across the world, according to the annual Melbourne Mercer Global Pension Index. The Netherlands and Denmark have…
The average Canadian isn’t rational about money, according to a personal finance expert speaking at the 2018 Defined Contribution Investment Forum in Toronto in September.…
From a research perspective, very little is actually known about the post-retirement phase for defined contribution plan members, according to one expert. A lot of…
Even though many plan sponsors are moving away from defined benefit plans, many organizations still have a paternalistic culture and want to help guide their…
Take the free money. This is my regular mantra for employees in employer-sponsored retirement plans. But many employees don’t enrol in company-sponsored plans or don’t take the…
Seven major pension stakeholders are urging the federal government to make longevity risk-pooling arrangements available to Canadians. The group includes the Association of Canadian Pension…
The use of target-date funds is on the rise in Canada, with more members of capital accumulation plans being offered the investment option every year.…
The majority (84 per cent) of organizations in Canada’s non-profit sector said inconsistent revenue or funding is the biggest barrier to offering a pension plan,…
More than two-thirds (69 per cent) of Canadians would choose a new job with a group savings plan instead of staying at a current job without…
Indigo Books & Music Inc. is the first national employer to pilot the Great-West Life Assurance Co.’s student debt savings program. Employees in the program will…
The pension and retirement savings was once again the growth leader in the life and health insurance industry in 2017, according to the Canadian Life…