plan sponsors – Benefits Canada.com

What plan sponsors should know ahead of rollout of new obesity drugs in Canada

Sadie Janes — Mon, 01 Apr 2024 13:00:03 +0000

A new generation of glucagon-like peptide-1 drugs approved for the treatment of obesity will soon be available in Canada, presenting an opportunity for plan sponsors to meet members’ health and wellness needs. It’s important for employers to consider meeting with their insurer now to find out how the rollout of these drugs will affect their […]

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Increased protection limits for annuities encouraging DB pension plan sponsors to de-risk: expert

Sadie Janes — Thu, 22 Jun 2023 13:00:42 +0000

An increase in the protection limit for defined benefit pension plan members’ assets invested in annuities is making it easier for plan sponsors to de-risk, says Mary Kate Archibald, a principal at Eckler Ltd. Assuris, the not-for-profit organization that protects a portion of retirement benefits from annuities in the event of an insurer’s insolvency, now covers up to $5,000 […]

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2023 Group Benefits Providers Report: Prioritizing partnerships, personalization and prevention

Sadie Janes — Fri, 14 Apr 2023 12:56:19 +0000

As technology advances and plan members’ needs become more diverse, the relationship between benefits plan sponsors and providers is adapting to fit these changes. Sarah Beech, chief executive officer of benefits and consulting at Arthur J. Gallagher & Co., believes the trend of employees wanting more from their employers is the starting point for this […]

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U.S. retirement plan sponsors calling on record keepers to support members’ financial wellness: survey

Sadie Janes — Mon, 07 Nov 2022 20:00:55 +0000

While the majority (80 per cent) of U.S. retirement plan sponsors rate their record keeper as excellent or very good, they’re also seeking more support for plan members’ financial wellness, according to a new survey by Greenwich Associates. The survey, which polled 145 U.S. retirement plan sponsors and 15 U.S. consultants, found among plan sponsors, […]

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Sounding Board: Shifting from retirement planning to longevity planning

bwolfe — Tue, 25 Oct 2022 13:00:20 +0000

In conversations with pre-retirees, retirees and industry professionals, there’s a growing recognition that retiring is often the easy part — it’s figuring out what they’re going to do with the rest of their lives that’s difficult. As a new retirement emerges, the retirement industry must shift from traditional retirement planning, which focuses exclusively on how […]

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Amount of benefits plan sponsors with HCSAs, wellness accounts on the rise: BCHS

Sadie Janes — Tue, 04 Oct 2022 13:00:07 +0000

Half of benefits plan members (49 per cent) and plan sponsors (48 per cent) say they have a health-care spending account in 2022, compared to 39 per cent of both plan members and plan sponsors that said the same in 2021, according to the 2022 Benefits Canada Healthcare Survey. In 2017, when this question was […]

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72% of benefits plan members satisfied with working from home: BCHS

Sadie Janes — Wed, 28 Sep 2022 13:00:08 +0000

Nearly three-quarters (72 per cent) of Canadian benefits plan members say they’re extremely or very satisfied with working from home, according to the 2022 Benefits Canada Healthcare Survey. It found levels of extreme or very high satisfaction were highest among those who also felt most productive working from home (89 per cent) and who were in […]

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Almost half of benefits plan members reporting good overall health in the past year: survey

Sadie Janes — Fri, 23 Sep 2022 13:00:02 +0000

Nearly half (47 per cent) of Canadian benefits plan members say their health was generally excellent or very good in the past year, up from 43 per cent in 2021, according to the 2022 Benefits Canada Healthcare Survey. While just 10 per cent of plan members reported being in poor health, down from 13 per cent […]

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ACPM cautions OSFI against one-size-fits-all approach to risk management

bwolfe — Thu, 21 Jul 2022 13:00:03 +0000

The Association of Canadian Pension Management is cautioning the Office of the Superintendent of Financial Institutions on a one-size-fits-all approach to risk management across the diverse sectors regulated by the OSFI. In an open letter responding to a consultation by the OSFI, Ric Marrero, chief executive officer of the ACPM, said such an approach has […]

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No need for separate OSFI culture risk management guideline, says CIA

bwolfe — Wed, 22 Jun 2022 13:00:02 +0000

Culture risk management can be enhanced within existing risk management frameworks, says the Canadian Institute of Actuaries, adding it doesn’t see a need for a separate guideline from the Office of the Superintendent of Financial Institutions. In an open letter responding to the OSFI’s consultation, the CIA said it wants a better understanding of any […]

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