Three years ago, I wrote an editorial for our inaugural DEI Issue heralding the overdue and rising attention that was being bestowed on diversity, equity and inclusion in the workplace — but in such a short period of time, the tide is already turning. The rhetoric demonizing DEI began to gain momentum after a ruling […]
Defined contribution pension plan sponsors are navigating the demands of a strict asset allocation guideline in accordance with Islam by incorporating Sharia-compliant funds into their plans’ investment lineups. One reason is the increasingly diverse makeup of the Canadian workforce. According to Statistics Canada, the country’s Muslim population doubled between 2001 and 2021, from two per […]
George & Bell Consulting and Bilsland Griffith Benefit Administrators are merging under the name Convyta Partners. The merger will allow the two firms, which provide complementary services to employers and plan sponsors, to be wholly aligned with the goals of its clients and their plan members, according to a press release. Read: Acera Insurance partnering […]
The Colleges of Applied Arts and Technology pension plan is appointing Rasho Donchev as vice-president of pension solutions. In his new role, Donchev will drive the continued growth and expansion of the CAAT’s retirement solutions, working with employers and unionized workplaces to increase access to secure pensions, according to a press release. He succeeds Graham […]
Two-thirds (67 per cent) of Canadians say they’re very concerned about how Canada-U.S. relations, along with the cost of living (67 per cent) and general economic uncertainty (65 per cent), will impact their retirement savings, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled more than 2,000 Canadians, […]
In the next three years, more than half (57 per cent) of global employers plan to reallocate or rebalance their benefits spend, adding or enhancing some benefits (23 per cent) while reducing or removing others (two per cent), according to a new survey by WTW. The survey, which polled more than 5,500 global employers, found […]
The majority (82 per cent) of Canadian employers say cost is their primary consideration when defining and reviewing benefits, compared to 66 per cent of global organizations, according to a new survey by MBWL International and Normandin Beaudry. The survey, which polled more than 350 employers across 100 countries, found more than half (54 per […]
The Association of Canadian Pension Management is calling on the Alberta government to modernize its provincial pension legislation and align its laws with other Canadian jurisdictions in terms of funding rules, innovation, administration and reducing red tape. In an open letter to Alberta Finance Minister Nate Horner, the ACPM outlined several proposed legislative changes, based […]
For employers that are designing a financial wellness program, it’s important to provide a user-friendly, educational, and flexible offering that reflects the diversity of employees’ life stages, says Diana McLachlan, chief people officer at Wealthsimple. “Financial security is at the core of people’s lives, and when companies recognize that and invest in it meaningfully, it […]
CAA Club Group’s win in Benefits Canada’s 2024 Workplace Benefits Awards is reinforcing the company’s efforts to provide a comprehensive wellness program to its employees, says Joanna Marra, the organization’s director of wellness. “It’s fantastic for us to get the recognition in the space because we know the work we’re doing is being recognized outside […]