Despite efforts to diversify corporate boards and include more women, female executives are still a rarity and earn much less than their male counterparts, according to a new report from the Canadian Centre for Policy Alternatives. It found only four per cent of chief executive officers in Canada are women and they make up just 10 […]
As 2018 draws to a close, and the benefits and pension industry looks ahead, what’s next for the year’s biggest topics? Stephen Frank, president and chief executive officer of the Canadian Life and Health Insurance Association, is expecting a shift from Canadian and global regulators in the way they govern how customers are treated: an […]
While advisors are supportive of greater transparency in group benefits and retirement services, some say the Canadian Life and Health Insurance Association’s proposed amendments to its compensation disclosure guideline last week still presents a conflict of interest. The suggested changes to G19 included requiring the disclosure of both the percentage and dollar value of direct compensation […]
Two-thirds (67 per cent) of group insurance brokers said their client base would decrease if employer-paid benefits became taxable income, according to a survey by the Canadian Group Insurance Brokers and Digital Journal Group. In February 2017, Prime Minister Justin Trudeau said in Parliament his government wasn’t planning to tax employee health and dental plans. However, the […]
Work location narrowly outranks work-life balance and salary as the most important factor when considering a job offer, according to a new survey by Ceridian HCM Inc. The survey, which polled nearly 1,700 workers in Canada and the United States who’d been offered a new job in the past year, found 68 per cent consider location the most important […]
Canadian employees can expect very slightly higher salary increases in 2019, compared to 2018, according to Aon’s 2018/19 salary planning report. The survey, based on responses from 365 Canadian companies, projected base pay will rise by 2.8 per cent in 2019, compared to the 2018 actual average total salary increase of 2.7 per cent, including […]
The majority (82 per cent) of global employers are planning to conduct a gender pay or pay equity review in the next three years, according to a new survey by Willis Towers Watson. The survey, which polled almost 2,000 global employers, including 88 Canadian employers, found 57 per cent indicated that fair pay is a priority for the next three […]
The job of a pension consultant has evolved considerably over Bita Jenab’s 30-year career in the field. The mid-1990s saw a greater focus on governance and the arrival of the investment consultant, while the 2000s featured a mass move to defined contribution plans and significant changes to pension legislation. Through all of that, plan sponsors […]
'Select' will target employers that currently don’t have a DB plan.
The Alberta government is bringing excessive salaries for the province’s post-secondary presidents in line with the national average, eliminating perks and setting guidelines for health and retirement benefits under a new compensation framework. Coming in April 15, this is the latest step in the government’s agencies, boards and commissions review, which is aiming to save the government about $33 million […]