The last 10 to 15 working years before retirement is a powerful and precarious time for defined contribution plan members, with roughly half of the retirement savings they’ll accumulate in their lifetime built up in that window of time as they reach their peak earning years, according to Glenn Dial, vice-president of retirement thought leadership […]
KPMG in Canada is aiming to boost plan member engagement with its retirement savings programs with a host of changes, including a refreshed defined contribution plan investment lineup, a new first home savings account, financial education programming, digital tools and switching record keepers. The changes, launched in early October, stemmed from a review of the […]
Roughly six in 10 (60 per cent) U.S.-based defined contribution pension plan sponsors say they want to retain assets in the plan, often by limiting rollover solicitations from record keepers and offering targeted education to members, according to a new survey by the Defined Contribution Institutional Investment Association. The survey, which polled more than 150 […]
Nearly six in 10 (59 per cent) Canadians fear they’ll outlive their retirement savings, according to a new survey by the Canada Pension Plan Investment Board. It found more than half (52 per cent) of non-retirees with a financial plan said it gives them confidence their money would last, making planning the top driver of […]
Fidelity Canada’s financial wellness program was recognized during Benefits Canada’s 2025 Workplace Benefits Awards for its ‘no strings attached’ approach to contributions in employees’ group registered retirement savings plans. The financial services firm earned the recognition for easing employees’ retirement stresses by contributing to all eligible full- and part-time workers’ group RRSPs without requiring employees […]
Alberta’s Local Authorities Pension Plan is lowering its 2026 contribution rates and providing members with a cost-of living adjustment due to the plan’s strong financial position. Contribution rates for both plan members and employers will decrease by roughly one per cent for next year, with surplus funds making up the difference, according to a press […]
An article on Nova Scotia’s updated workplace harassment legislation was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What Nova Scotia employers need to know about province’s updated workplace harassment legislation 2. Who are the winners of the […]
Eight in 10 (80 per cent) Canadian employees with a professional financial plan say they’re able to retire at their desired age, compared to 72 per cent who created their own plan and just 36 per cent of workers who don’t have a plan, according to a new survey by KPMG in Canada. The survey, […]
Canadian public sector employees continue to outpace private sector workers in defined benefit pension plan membership, according to a new report by the Fraser Institute. It found 86.7 per cent of Canadian public sector workers were covered by a registered pension plan compared to only 21.8 per cent in the private sector, citing data from […]
When Bell Canada was communicating defined contribution plan changes to members in 2024, it turned to artificial intelligence to help personalize its message to all of its 25,000 plan members. The redesign, which aimed to respond to members’ different financial priorities, enhanced the company’s savings options with a first home savings account, a tax-free savings […]