pension administration – Benefits Canada.com

CAAT appointing VPs of plan member, employer experience

lbailey — Mon, 04 Mar 2024 20:00:35 +0000

The Colleges of Applied Arts and Technology’s pension plan is appointing Sonny Khindria (pictured right) as vice-president of member experience and Troy Whetstone (pictured left) as vice-president of employer experience. The two new positions will divide the responsibilities of Angela Goodchild, vice-president of service delivery, who is retiring effective June 1. The move will enhance experiences provided […]

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Sounding Board: How pension IT risk management guidance will impact plan sponsors

bwolfe — Thu, 29 Feb 2024 14:00:09 +0000

Information technology risk has become a more prevalent concern in recent years, so it comes as no surprise that Canadian pension regulators are focused on ensuring that plan administrators manage this risk effectively. IT risk is associated with an entity’s IT infrastructure as a whole, including risk caused by error or malfunction, as well as […]

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Top 5 HR, benefits, pensions and investment stories of the week

lbailey — Fri, 09 Feb 2024 14:00:22 +0000

An article on the Ontario Court of Appeal’s affirmation of a $1.5 million punitive damages award was the most-read article on BenefitsCanada.com this week. Here are the top five human resources, benefits, pensions and investment articles of the past week: 1. Court of Appeal upholds $1.5 million punitive damages award in LTD claims case 2. N.B. transferring 5 public […]

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PIAC focusing on pension solvency uniformity, CAPSA risk management guidelines in 2024

lbailey — Thu, 18 Jan 2024 14:00:34 +0000

The Pension Investment Association of Canada will concentrate its legislative advocacy efforts on funding reform in 2024, including for an overhaul of long-term, minimum funding regulations for federally regulated defined benefit pension plans, said David Lawson, the PIAC’s new chair. In an emailed statement to Benefits Canada, he said as DB plan sponsors continue to face […]

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Expert panel: Risk management, target-benefit framework among themes shaping pension industry in 2024

bwolfe — Tue, 16 Jan 2024 14:00:02 +0000

While it’s impossible to predict exactly how pension case law will evolve in future, one can offer an educated guess at some legislative developments and other issues that may confront pension plan sponsors and administrators in the coming year. Risk management Plan sponsors can expect a continued focus on risk management as a key part […]

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Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 12 Jan 2024 14:00:44 +0000

A story on mental-health themes and challenges for 2024 was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Expert panel: Employers taking preventative, holistic approach to employee mental health in 2024 2. AI holds uncapped potential for pension plan sponsors’ administration, communications: […]

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AI holds uncapped potential for pension plan sponsors’ administration, communications: expert

bmcgovern — Tue, 09 Jan 2024 14:00:38 +0000

While pension plan sponsors are still in the early days of exploring how artificial intelligence solutions could help automate maintenance tasks, they’re exploring the various functionalities they can automate from a member service standpoint, says Akio Tagawa, president and chief executive officer at consultancy Linea Solutions. He’s seen increased interest from plan sponsors in evaluating how […]

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Expert panel: What does 2024 hold in store for the pension industry?

bwolfe — Thu, 04 Jan 2024 14:00:20 +0000

With the arrival of the new year, there are three topics that will be important for pension plan sponsors, members and other industry stakeholders in 2024. The economy and financial markets At the end of 2023, the Canadian economy and the financial markets were still feeling the after-effects of the coronavirus pandemic. Read: Expert panel: […]

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U.K. CAP reforms could reduce pension quality, create administrative challenges: expert

Sadie Janes — Wed, 20 Dec 2023 14:00:01 +0000

A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are already in place and create administrative challenges, says Adam Bexson, senior corporate pension consultant at Verlingue Ltd. Currently, plan members are automatically enrolled into a retirement plan chosen by their employer, […]

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