With multiple generations in Canada’s diverse labour force, each generation has distinct needs and expectations, with millennials, in particular, creating increasing challenges for plan sponsors. The age group is comfortable talking about finances, but they aren’t saving for retirement, said Maria-José Perea, vice-president of product innovation in group retirement savings at Desjardins Insurance, during Benefits […]
Any new benefit introduced at Amazon has to align to its 16 leadership principles, which the organization lives and breathes every day. These include: learn and be curious, think big, inventing and simplifying, customer obsession and bias for action. “When we roll out a benefit, it has to fit into our leadership principles,” said Adam […]
Two-fifths (41 per cent) of U.S. employers say they embed information on retirement benefits in their onboarding process, according to a new survey by XpertHR. The survey, which polled more than 200 companies in the U.S., found that, although some indicated they use emails or letters to deliver retirement information (39 per cent), fewer than […]
What’s in a name? A pension by any other name would smell as sweet — or would it? I started writing this month’s Pension Feature as an exercise to sift through some of the terms used by the pension industry to describe the different types of plans, but also to answer the question: Does the […]
Defined benefit. Defined contribution. Target benefit. Shared risk. Collective. Multi-employer. Pooled. Canada’s pension and retirement landscape is littered with lingo that can often be confusing for the people who participate in these plans and count on them for their retirement income. As pension plans evolve and the terms describing them expand, does the industry have […]
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 […]
The Canadian Investment Review is pleased to announce the finalists of the 2022 Pension Leadership Awards. This year, the awards will be handed out in four categories, with three finalists selected for each. Read: Who are the finalists of the 2021 Pension Leadership Awards? This year’s finalists are: Investment Officer of the Year Duncan Burrill, chief executive officer, Canadian […]
In 2021, the Saskatchewan Healthcare Employees’ Pension Plan set out to gauge just how well-versed its 60,000 members were about their defined benefit pension plan. The SHEPP launched a six-week survey focused on member demographics, their perception and understanding of the plan, expectations, communications preferences and interest in retirement topics. The survey yielded interesting results, […]
With the coronavirus pandemic and rising inflation causing economic uncertainty, capital accumulation plan sponsors are looking for new ways to help their members feel secure and get the most out of their savings plans. Benefits Canada asked CAP sponsors and other industry experts what’s on their wish lists to make these plans more effective and engaging […]