pension plan – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 2022 Risk Management Conference: Institutional investors have a fiduciary duty to assess, mitigate climate-related risks https://www.benefitscanada.com/canadian-investment-review/strategies/2022-risk-management-conference-institutional-investors-have-a-fiduciary-duty-to-assess-mitigate-climate-related-risks/ Thu, 06 Oct 2022 11:55:45 +0000 https://www.benefitscanada.com/?p=126279 The climate crisis puts the security of workers’ retirements at stake, said Patrick DeRochie, senior manager at Shift Action for Pension Wealth and Planet Health, during a session at the Canadian Investment Review‘s 2022 Risk Management Conference. Pension plan sponsors’ investment decisions and their ability to achieve adequate returns for their members depends on a […]

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]]> Ayman Alvi promoted to VP, global pension and benefits at Scotiabank https://www.benefitscanada.com/notice/appointment-notice/ayman-alvi-promoted-to-vp-global-pension-and-benefits-at-scotiabank/ Fri, 05 Aug 2022 13:00:50 +0000 https://www.benefitscanada.com/?p=125095 Scotiabank has promoted Ayman Alvi to vice-president of global pension and benefits. Alvi joined the bank in 2019 as director of global benefits. Previously, he was a senior manager and consulting actuary at KPMG in Canada, a manager at PricewaterhouseCoopers, an actuarial associate at Willis Towers Watson (now WTW) and a senior pension specialist at […]

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]]> NL permitting electronic naming of beneficiaries for pensions, retirement plans https://www.benefitscanada.com/pensions/governance-law/nl-permitting-electronic-naming-of-beneficiaries-for-pensions-retirement-plans/ Fri, 10 Jun 2022 19:00:50 +0000 https://www.benefitscanada.com/?p=122571 Pension and retirement plan members in Newfoundland and Labrador can now designate beneficiaries through electronic means. The amendment allows individuals to name beneficiaries electronically for certain types of plans, including a workplace pension, retirement, welfare or profit-sharing fund or plan, a registered retirement income fund, a registered retirement savings plan or a tax-free savings account. […]

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]]> Saskatchewan permitting electronic naming of beneficiaries for pensions, retirement plans https://www.benefitscanada.com/pensions/governance-law/saskatchewan-permitting-electronic-naming-of-beneficiaries-for-pensions-retirement-plans/ Fri, 27 May 2022 19:00:46 +0000 https://www.benefitscanada.com/?p=121937 Pension and retirement plan members in Saskatchewan can now designate beneficiaries through electronic means. The provincial government recently passed a series of amendments regarding the electronic handling of legal matters. Bill 56 specifically allows individuals to name beneficiaries electronically for certain types of plans including an employee pension, retirement, welfare or profit-sharing fund or plan, […]

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]]> How employers can support workers as record number of Canadians near retirement https://www.benefitscanada.com/pensions/retirement/how-employers-can-support-workers-as-record-number-of-canadians-near-retirement/ Tue, 03 May 2022 13:00:32 +0000 https://www.benefitscanada.com/?p=120500 With a record number of Canadians nearing retirement, employers can support workers through retirement planning initiatives and education, says one expert. According to a report released last week by Statistics Canada, more than a fifth (22 per cent) of Canadian employees are aged 55 to 64. It also found more Canadians are aged 55 to 64 than young adults […]

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]]> Majority of Canadian workers willing to take less pay for a workplace pension plan: survey https://www.benefitscanada.com/news/bencan/majority-of-canadian-workers-willing-to-take-less-pay-for-a-workplace-pension-plan-survey/ Fri, 18 Jun 2021 19:00:37 +0000 https://www.benefitscanada.com/?p=102362 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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]]> The Royal Mail Group’s road to offering U.K. employees a collective DC plan https://www.benefitscanada.com/news/bencan/the-royal-mail-groups-road-to-offering-u-k-employees-a-collective-dc-plan/ Fri, 19 Mar 2021 04:51:09 +0000 https://www.benefitscanada.com/?p=96493 The Royal Mail Group Ltd. will soon make history in the United Kingdom by becoming the first employer to sponsor an entirely new type of pension plan, called a collective defined contribution scheme. Under the U.K.’s Pension Schemes Act 2021, which received royal assent in February, collective DC pensions will essentially be a hybrid of […]

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]]> Alberta Teachers’ Association planning legal challenge to pension order https://www.benefitscanada.com/news/alberta-teachers-association-planning-legal-challenge-to-pension-order/ https://www.benefitscanada.com/news/alberta-teachers-association-planning-legal-challenge-to-pension-order/#respond Mon, 01 Feb 2021 06:04:24 +0000 https://cumulus.benefitscanada.com/uncategorized/alberta-teachers-association-planning-legal-challenge-to-pension-order/ The Alberta Teachers’ Association says it’s taking legal action against a ministerial order enacted on several pension plans in the province in late December. In a press release, the association said its provincial executive council voted unanimously this week to file a lawsuit, acting on legal advice that identified an avenue for a challenge to […]

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]]> https://www.benefitscanada.com/news/alberta-teachers-association-planning-legal-challenge-to-pension-order/feed/ 0 Mercer Canada report says rally in stocks helped strengthen pension plans to end year https://www.benefitscanada.com/canadian-investment-review/db-investments/mercer-canada-report-says-rally-in-stocks-helped-strengthen-pension-plans-to-end-year/ https://www.benefitscanada.com/canadian-investment-review/db-investments/mercer-canada-report-says-rally-in-stocks-helped-strengthen-pension-plans-to-end-year/#respond Tue, 05 Jan 2021 06:28:59 +0000 https://cumulus.benefitscanada.com/uncategorized/mercer-canada-report-says-rally-in-stocks-helped-strengthen-pension-plans-to-end-year/ A rally on the stock market in the fourth quarter helped boost the strength of Canadian defined benefit pension plans to end the year, a report by Mercer Canada said Monday. The consulting firm said its pension health index, which represents the solvency ratio of a hypothetical defined benefit pension plan, rose to 114 per […]

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