An article on the removal of the board chair at the Colleges of Applied Arts and Technology pension plan was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CAAT pension plan board chair removed amid ongoing governance emergency […]
Just 48 per cent of working Canadians say they have an employer-sponsored pension plan, according to a new survey by IG Wealth Management. The survey, which polled more than 1,300 workers, found just 11 per cent of non-retired Canadians know how much annual income they’ll need in retirement and nearly half saying they don’t know. […]
An article on the Quebec government’s adoption of legislation for variable payment life annuities was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Quebec adopts VPLA legislation 2. What employers need to know about provincial changes to sick […]
Samsung Electronics Co. Ltd. is supporting inclusion and family building with a new adoption benefit. The benefit, which will be available as of January, provides employees who are adopting children with $10,000 regardless of which benefits plan tier they choose. Anna-Lisa Prencipe, senior director of the company’s people team, says the benefit reflects diversity among […]
An article on how employers can approach pay-for-performance amid economic volatility was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Expert panel: How employers can rethink pay-for-performance in a volatile economy 2. Survey finds many women aged 55+ […]
While emerging forms of artificial intelligence such as agentic AI may hold promises and challenges for pension plan sponsors, the human touch remains important when advising plan members on financial decisions, said Francis Boulianne, principal in Normandin Beaudry’s group benefits practice, during a recent webinar hosted by the consultancy. “[Chatbots] were never intended to replace […]
While Canadians have a better sense of the savings they’ll need to retire comfortably, they may still be underestimating the true cost, according to research presented by Jon Knowles, institutional portfolio manager for global asset allocation at Fidelity Investments, during Benefits Canada‘s 2025 DC Investment Forum. Canadians over age 45 estimated they’d need an average […]
While the total number of pension plans in B.C. declined to 610 in 2024, overall membership increased by four per cent to 1.34 million members, according to a new report from the BC Financial Services Authority. The decline in the number of plans, from 613 in 2023, was attributed to plan mergers and windups. The […]
The Saskatchewan Pension Plan is appointing Chad Hilton as chief executive officer, effective Oct. 20. Hilton brings more than 20 years of progressive leadership experience in the financial services sector and, most recently he was regional vice-president at the Bank of Montreal. Read: Getting to know Shannan Corey and the Saskatchewan Pension Plan He succeeds […]
While Canadian retirees have a good understanding of longevity risk, in recent years, many are withdrawing less income from their workplace retirement savings plans, says Dave Jones, senior vice-president of group retirement services at Sun Life Financial Inc. “If you go back to just a couple years to 2022, people really shift from drawing more […]