A global shutdown caused by the coronavirus pandemic gave Canadians an increase of unanticipated savings that led to a short period of stronger retirement savings…
Brazil ‘s federal police said they’re investigating a scheme that diverted more than R$6 billion, equivalent to US$1.05 billion, from pensions paid by the National…
An article on how flexible retirement savings plans can help employees retire early was the most-read story on BenefitsCanada.com this past week. Here are the…
While there’s more work to be done, election campaign promises made by Canada’s major federal political parties that address retirement challenges are a step in…
Almost half (46 per cent) of multinational companies say they’re prioritizing the use of employee-facing technology to support benefits management, including the use of artificial…
U.S. workers believe they’ll need an average of US$1.26 million in savings to retire comfortably, $200,000 less than the $1.46 million reported last year and…
Flexible retirement savings plans and employer matching can potentially provide lower-income workers with earlier retirement options despite the rising cost of living, according to a…
The majority (91 per cent) of Canadian employers are planning to benchmark their benefits plan against market practices to remain competitive, with half (49 per…
More than half of U.S. pension plan sponsors say economic conditions like interest rate and market volatility (58 per cent) as well as demographic changes…
The union representing roughly 500 employees at General Dynamics Land Systems Canada in London, Ont. has ratified a new three-year contract that includes pension and…
The use of automatic features in U.S. defined contribution pension plans is supporting employee financial well-being and retirement readiness, according to a new report by…
Benefits Canada celebrated the Defined Contribution Plan Summit’s 25th anniversary by looking at how the world has changed over the last quarter century, the subsequent…
Over the past 25 years, the pension industry has seen many significant shifts, from defined benefit to defined contribution, from accumulation to decumulation and from…
With climate change affecting the planet and artificial intelligence disrupting the concept of work, a profound generational shift is underway in how young people are…
As defined contribution plans mature, Canada is seeing the first wave of retirees that only have DC plans and plan sponsors are facing the challenges…
While good governance practices must be at the core of any pension plan, intricate frameworks are designed to be proportional to the size of the…
For defined contribution plan members, the evolution of education and engagement has passed several milestones, including the introduction of email and mobile apps. “At Manulife,…
An emerging trend in U.S. defined contribution investment strategies is the ‘blend trend,’ which is a target-date solution that allocates to underlying building blocks that…
With no federal requirement for U.S. employers to offer retirement savings options, individual states are stepping up and delivering meaningful programs. Speaking at Benefits Canada’s…
Rather than a single defined contribution plan sponsor tackling the decumulation dilemma alone, decisions need to be reframed as a decumulation ecosystem, said Nicole Lomax,…
Since 2008, when the U.S. enacted legislation allowing target-date funds as the default, total assets in these funds have grown from around US$150 billion to…
In the early days of Bell Canada’s defined contribution plan, there was a lot of emphasis on information and big campaigns, but at that time,…
The evolution of pension plans from retirement tools to encompassing flexible savings models that prioritize financial wellness is a defining change over the past 25…
Two-thirds (67 per cent) of U.S. retirement savers are concerned about their income lasting their lifetime, while 30 per cent are extremely or very concerned,…
Two-thirds (65 per cent) of Canadian employees say they’re stressed about their finances and a quarter (27 per cent) say this stress impacts their productivity…