group registered retirement savings plan – Benefits Canada.com

FSRA’s Pension Awareness Day helping engage, educate employees on benefits of workplace pension plans

lbailey — Wed, 14 Feb 2024 14:00:14 +0000

For its second annual Pension Awareness Day on Feb. 15, the Financial Services Regulatory Authority of Ontario is holding information sessions for its employees to learn more about their pension plan. Even people who actually have an employer-sponsored pension plan aren’t aware of the value of those benefits, says Andrew Fung, executive vice-president of pensions […]

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Expert panel: Why employers should offer group TFSAs in 2022

mdunne — Tue, 18 Jan 2022 14:00:59 +0000

At the start of every new year, many employees resolve to improve their fitness — emotionally, financially and/or physically. One pretty easy way that employers can help workers shape up (financially) this year is by offering a workplace tax-free savings account. A knowledge gap still needs to be filled when it comes to TFSAs — […]

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Majority of Canadian workers willing to take less pay for a workplace pension plan: survey

lbailey — Fri, 18 Jun 2021 19:00:37 +0000

A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a new survey for the Healthcare of Ontario Pension Plan by Abacus Data. The survey, which polled more than 2,000 Canadian adults in April, signals an opportunity for employers to build […]

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Using technology to connect health benefits, savings plans

Jennifer Paterson — Fri, 21 May 2021 11:55:20 +0000

Plan member challenges — from uncertainty about what their benefits plan covers to mundane issues such as struggling with passwords and difficulty accessing their benefits portal — become human resources concerns and create additional work for plan sponsors. That’s what Canada Life is attempting to address with its new My Canada Life at Work mobile-friendly […]

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Value taking centre stage in discussions around defined-contribution investment fees

mschmit — Fri, 18 Dec 2020 05:43:11 +0000

Anyone flipping through a prospectus for an employer’s defined contribution pension plan or group registered retirement savings plan will notice a recurring theme when it comes to statements on investment fees: “Better than retail!” they might as well scream. It’s a familiar refrain from both capital accumulation plan sponsors and providers trumpeting the lower rates […]

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