In response to the federal government’s consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members, the Association of Canadian Pension Management is suggesting the legislation include a condition to allow the transfer of assets in the case of an ongoing pension plan in addition to closed plans. […]
An article on how Scotiabank is aligning its benefits offerings across global markets was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Scotiabank supporting employee well-being by aligning benefits offerings across global markets 2. Feds consulting on draft amendments to pension legislation for transfer of […]
The federal government is launching a consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members. Under the Pensions Benefits Standards Act, plan administrators can transfer pension assets of missing members to a ‘designated entity.’ The draft amendments specify who qualifies as a missing member or beneficiary, as […]
An article on how working mothers are struggling with work-life balance was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Majority of Canadian working moms struggling with work-life balance: survey 2. CPPIB jointly acquiring cloud-based software company, OMERS subsidiary entering debt financing agreements 3. How employers […]
Ontario-based pension plan sponsors can help reduce the number of missing plan members by examining their communications strategies and maintaining best practices in record keeping and data management, says Caroline Blouin, executive vice-president of pensions at the Financial Services Regulatory Authority of Ontario. “As an employer, there is an opportunity to provide some education and […]