A pension dashboard that consolidates all of an individual’s pension and retirement information using pre-populated data would make it significantly easier for Canadians to access and understand their retirement savings, according to a new report by the C.D. Howe Institute. “Canada’s current retirement landscape offers numerous savings vehicles, giving individuals more choices than in the […]
In the next three years, more than half (57 per cent) of global employers plan to reallocate or rebalance their benefits spend, adding or enhancing some benefits (23 per cent) while reducing or removing others (two per cent), according to a new survey by WTW. The survey, which polled more than 5,500 global employers, found […]
Meridian Credit Union is appointing Jennifer Stassen as senior well-being and retirement specialist. In her new role, Stassen will contribute to advancing Meridian’s well-being, benefits and pension strategy to deliver on the commitment of fostering a supportive, healthy and balanced environment, according to a press release. Read: Niagara Casinos gambles with innovative pension communications Stassen […]
The National Institute on Ageing at Toronto Metropolitan University is recognizing Canadian pension industry mainstay Bob Baldwin with its inaugural lifetime achievement award. An expert in retirement income with more than 30 years of experience, Baldwin has held many roles in the pension sector, including chair of the C.D. Howe Institute’s pension policy council, director at […]
More than eight in 10 (84 per cent) U.S.-based employer-sponsored retirement plans have at least one likely Employee Retirement Income Security Act red flag from a regulatory and/or fiduciary perspective, according to a new report by consultancy Abernathy Daley 401k Consultants. The report, which analyzed filings for more than 760,000 plans, found 43 per cent […]
Six in 10 Canadian (57 per cent) employees say they’re either in the process of moving employers or may seek new employment in the next 12 months, according to a new survey by Aon. The survey — which polled more than 9,000 global workers, including more than 500 Canadian respondents — found a fifth (22 […]
Calgary-based Acera Insurance Services Ltd. is expanding its group benefits division to Saskatchewan through a partnership with Saskatoon-based group benefits and retirement consultancy BMA Group. The deal closed in December and BMA will eventually transition to become Acera Benefits, according to a press release. This transaction marked Acera Insurance’s ninth partnership deal in 2024 and […]
Amazon.com is facing a lawsuit that claims the company violated U.S. federal law by using nearly US$350 million in forfeited 401(k) funds to offset the company’s own contributions rather than to reduce administrative fees for plan participants, according to a report by Reuters. In December, Cory Curtis, an employee of the online retail company, filed a […]
While nine in 10 (85 per cent) employers that reported decreased employee productivity over the past year cited burnout as a major problem, investing in retirement benefits appears to have a positive impact on these issues, according to a new survey by the Angus Reid Group on behalf of the Healthcare of Ontario Pension Plan. […]
Canada’s retirement system ranks No. 17 out of 48 countries, down from No. 12 in 2023, according to a new report by Mercer and the CFA Institute. The report analyzed retirement systems based on adequacy, sustainability and integrity. The top three systems remain unchanged from last year, with the Netherlands receiving the highest overall score (84.8 […]