Keyword: Capital Accumulation Plan

30 results found
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The 830 locked-out employees at Reliance Home Comfort sites in Ontario are heading back to work after their union ratified a new contract with the company on June 30. The new collective agreement includes two new paid sick days, improvements to the extended health benefits cost-sharing and a one per cent increase to the matching […]

  • By: Staff
  • July 5, 2021 July 5, 2021
  • 15:00
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Two East coast companies are among the early adopters of a retirement savings platform for employers in the not-for-profit sector. Prince Edward Island Family Violence Prevention Services Inc. and Newfoundland-based Thrive previously offered their employees group registered retirement savings plans. Danya O’Malley, executive director of the PEI Family Violence Prevention Services, says lower fees was […]

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Amazon.com Inc. is launching a digital health-care platform for its Canadian employees. The My Wellbeing platform provides employees with access to a range of health-care resources — including virtual physiotherapy sessions, a virtual gym, mental-health support and mindfulness sessions — according to a press release, which noted the platform runs targeted well-being campaigns and challenges […]

Despite the uncertainty wrought by the coronavirus pandemic, Americans are continuing to save for retirement through defined contribution pension plans, according to new data from the Investment Company Institute. The institute tracks contributions, withdrawals and other activities based on DC plan record-keeper data covering more than 30 million participant accounts in employer-based plans on a […]

  • By: Staff
  • June 16, 2021 June 16, 2021
  • 15:00
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Purpose Investments Inc. is introducing a new longevity pension fund, which invests 50 per cent in equities and 50 per cent in fixed income. It can be incorporated into a defined contribution plan to provide plan members with an in-plan decumulation option, says Pat Leo, vice-president of retirement solutions at Purpose Investments, noting investors can redeem […]

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Much debate remains about whether private equity is an appropriate option for members of capital accumulation plans. Canada’s neighbours to the south have been examining the potential legal pitfalls of these allocations. A recent information letter from the U.S. department of labor set forth a framework plan sponsors can use to consider the prudence of […]

  • By: Staff
  • August 12, 2020 December 6, 2020
  • 09:48

The Association of Canadian Pension Management is calling on the Ontario government to consider amending the Employment Standards Act and the Pension Benefits Act to allow for auto-enrolment and auto-escalation features in capital accumulation plans. Specifically, it would like the government to allow employers to automatically deduct employee contributions from payroll to facilitate these features. […]

  • By: Staff
  • July 20, 2020 December 6, 2020
  • 09:22
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With the federal government easing the withdrawal requirements for registered retirement income funds in a bid to alleviate the harm to retirees’ portfolios caused by the coronavirus-spurred market crash, the industry is suggesting similar measures for other retirement arrangements. “Canadians who are about to turn money into income will be faced with the decision of […]

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In a recent expert column, I broke down the different components of fees for defined contribution plans. And now, I will explore the key fee drivers and strategies to help plan sponsors manage fee levels in DC plans. Managing these costs are imperative, as excessive fees may result in the significant impairment of DC member […]

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In this time of global pandemic, the coronavirus is shaking up everything, with high market volatility and changing work arrangements. Everyone is worried — not only for their immediate futures, but also for the long term. “It’s pretty hard to watch the market go through the volatility that we’ve seen over the last couple weeks,” […]