automatic contributions – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 ACPM reiterating support for automatic features in Ontario retirement savings plans https://www.benefitscanada.com/pensions/cap/acpm-reiterating-support-for-automatic-features-in-ontario-retirement-savings-plans/ Fri, 17 Nov 2023 14:00:56 +0000 https://www.benefitscanada.com/?p=147292 The Association of Canadian Pension Management is reiterating its support for fully enabling automatic features in retirement savings plans, including defined contribution pensions, group registered retirement savings plans and group tax-free savings accounts. In a letter to the Ontario government, the association said the province’s employers want to implement automatic features that reduce red tape […]

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]]> Alberta seeking feedback on private sector pension legislation https://www.benefitscanada.com/pensions/governance-law/alberta-seeking-feedback-on-private-sector-pension-legislation/ Thu, 09 Jun 2022 13:00:08 +0000 https://www.benefitscanada.com/?p=122434 The Alberta government is gathering feedback from stakeholders to help inform potential legislative and policy updates for private sector pension laws. The consultation will focus on the Employment Pension Plans Act and the Employment Pension Plans Regulation, according to a press release, which noted Alberta’s private sector pension legislation hasn’t been significantly updated since 2014. […]

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]]> ACPM calling on PEI to allow automatic features in workplace pension plans https://www.benefitscanada.com/pensions/cap/acpm-calling-on-pei-to-allow-automatic-features-in-workplace-pension-plans/ Tue, 22 Mar 2022 13:00:08 +0000 https://www.benefitscanada.com/?p=118411 The Association of Canadian Pension Management is calling on Prince Edward Island’s pension regulator to amend the Employment Standards Act to facilitate auto-enrolment and auto-escalation features in workplace pension and savings plans. The current legislation includes language that would prohibit pension plan administrators from introducing automatic features in workplace plans, including capital accumulation plans such […]

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]]> More than half of Canadians fear not having enough for retirement, says poll https://www.benefitscanada.com/canadian-investment-review/investments-other/more-than-half-of-canadians-fear-not-having-enough-for-retirement-says-poll/ https://www.benefitscanada.com/canadian-investment-review/investments-other/more-than-half-of-canadians-fear-not-having-enough-for-retirement-says-poll/#respond Wed, 12 Feb 2020 04:51:58 +0000 https://cumulus.benefitscanada.com/uncategorized/more-than-half-of-canadians-fear-not-having-enough-for-retirement-says-poll/ A Scotiabank retirement survey says more than half of respondents are concerned that financial pressure will force them to re-enter the workplace after they retire. The poll found that the average Canadian respondent expects to retire at 64 years old, while six per cent don’t plan to ever retire. Fear about losing their financial independence […]

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