As millennials become a dominant demographic in Canadian workplaces, employers are rethinking how they communicate their savings plans. Indeed, that shift is reshaping how EllisDon approaches communications and engagement with its savings program, says Marie-Lynn Bromilow, the construction services company’s vice-president of total rewards, noting millennials make up a significant portion of its plan membership. […]
Financial stress is an ever-present concern for many employees — among women, it’s even more pronounced. A survey by the Financial Resilience Institute found almost two-thirds (72 per cent) of women said money worries cause them emotional stress, eight percentage points higher than men, while 71 per cent of Canadian women are stressed about not […]
EY Canada is supporting employee well-being by expanding its list of reimbursable wellness expenses and introducing a series of financial education seminars. Employees can now be reimbursed for purchases such as mattresses, pillows, board games and Lego kits, as well as classes and supplies for personal enrichment including cooking, music, photography, languages and mindfulness. Workers […]
Bell Canada’s defined benefit and defined contribution pension plans are both overseen by the same pension committee. The meeting cadences differ, but the committee leans on its DB knowledge to make sure it’s addressing similar risks in the DC plan, says Robert Marchessault, the organization’s director of pensions and benefits. For the DB plan, which […]
Half (50 per cent) of Canadian employers are now offering financial planning services and 42 per cent are providing financial literacy resources, according to a new report by Arthur J. Gallagher & Co. This is a significant increase from 2024, notes Pat Leo, vice-president of Toronto retirement at Gallagher. “With carriers in Canada now offering some […]
When the Canadian Association of Pension Supervisory Authorities updated its capital accumulation plan guideline in September 2025, the Co-operative Superannuation Society Pension Plan conducted an audit to gauge its alignment with the document’s current form. “We found, for the most part, the CSS was already meeting a lot of the standards, as far as I […]
KPMG in Canada is aiming to boost plan member engagement with its retirement savings programs with a host of changes, including a refreshed defined contribution plan investment lineup, a new first home savings account, financial education programming, digital tools and switching record keepers. The changes, launched in early October, stemmed from a review of the […]
When Bell Canada was communicating defined contribution plan changes to members in 2024, it turned to artificial intelligence to help personalize its message to all of its 25,000 plan members. The redesign, which aimed to respond to members’ different financial priorities, enhanced the company’s savings options with a first home savings account, a tax-free savings […]
A rebound in public equities markets in the second quarter of 2025 has positively impacted retirement outcomes for capital accumulation plan members, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of June 2025 achieved a gross income replacement ratio of 65.9 per […]
As employers and employees grapple with inflation, political turbulence and an economic slowdown, consultants are stepping up to offer support. That uncertainty also extends to broader business operations. Companies in the automotive and steel industries are particularly impacted by the tariffs, but many other sectors remain unsure of what the future holds more generally. The […]