While more than half (52 per cent) of workplace savings plan members count on the plan as their main source of retirement income, both men (16 per cent) and women (12 per cent) overstated their account balances, according to Sun Life’s latest survey of 1,900 plan members. Sharing the survey results at Benefits Canada’s 2026 […]
During a recent transition between record keepers, KPMG in Canada focused on keeping communications with employees human and simple, including what to say, when to say it and how to measure confidence. “It wasn’t just a record-keeper change,” said Christine McCloskey-Bruno (pictured right), senior total rewards manager, during a session at Benefits Canada’s 2026 Defined […]
Understanding retirement savers’ views, concerns and points of stress related to their financial lives allows the industry to build investment solutions and craft communications strategies that are more likely to resonate and be more impactful, according to Jessica Sclafani, global retirement strategist at T. Rowe Price, during a session at Benefits Canada‘s 2026 Defined Contribution […]
A workforce that’s sprawled across the country is pushing Simon Cabral (pictured centre), former director of global defined contribution plans at Scotiabank, to employ a fully digital approach when communicating with employees. “We have to, we have no choice really to reach our cohorts across the country,” he said during a panel session at Benefits Canada’s […]
For defined contribution plan members, the ultimate positive DC experience is understanding the plan provisions, knowing what decisions to make, feeling confident about making well-informed choices and arriving at a prosperous retirement, said Barbara Sanders, associate professor of statistics and actuarial science at Simon Fraser University, during a keynote session at Benefits Canada‘s 2026 DC […]
By slotting alternative assets into portfolio offerings, Saskatchewan’s Public Employees Pension Plan is incorporating an element of the defined benefit pension plan model, according to Gary Hutch, chief investment officer and executive vice-president of investments at Plannera Pensions & Benefits, which administers the plan. “We believe that including all of these alternatives provides more of […]
The Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline led CPP Investments to sharpen accountability and governance risk globally, according to Marina Lodyga, the investment organization’s director of pension and benefits, during a session at Benefits Canada’s 2026 Defined Contribution Plan Summit. CPP Investments has around 500 workers across eight global offices […]
In its 2026 budget, the Quebec government said it intends to enhance the appeal of voluntary retirement savings plans amid low uptake of the savings vehicle. This includes the introduction of a minimum contribution rate of two per cent of salary and the possibility of closing inactive accounts in certain situations, according to a statement […]
While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent in 2025 to 34 per cent, the percentage that describe it as significantly worse or somewhat worse has also dropped, from 26 per cent last year to 22 per cent, […]
On average, women retire with 27 per cent less savings than men, according to a new report from Sun Life Financial Inc. The report, based on two surveys of members in workplace retirement savings plans administered by Sun Life, found women are consistently underutilizing these plans, despite living longer and spending more years in poorer […]