Three-quarters (75 per cent) of Canadian employers and two-thirds (66 per cent) of U.S. employers say they plan to link compensation directly to performance outcomes, according to a new report by Hub International Ltd. The survey, which polled more than 900 business leaders across Canada and the U.S., found many employers are shifting total rewards […]
More than half (58 per cent) of Ontario employees say retirement planning should go beyond financial wellness and encompass physical and mental health and social connections, according to a new survey by the Ontario Municipal Employees Retirement System. The survey, which polled more than 750 workers and more than 750 retirees, found roughly eight in […]
Seventeen of the largest workplace pension providers in the U.K. have agreed to invest at least 10 per cent of their defined contribution default funds in private markets by 2030, with half of that total allocated to the U.K. The voluntary initiative, known as the Mansion House Accord, will be jointly led by the Association […]
Meridian Credit Union is appointing Jennifer Stassen as senior well-being and retirement specialist. In her new role, Stassen will contribute to advancing Meridian’s well-being, benefits and pension strategy to deliver on the commitment of fostering a supportive, healthy and balanced environment, according to a press release. Read: Niagara Casinos gambles with innovative pension communications Stassen […]
The idea of Alberta opting out of the Canada Pension Plan isn’t moving ahead — at least for now. Premier Danielle Smith says she won’t be putting the creation of a provincial pension plan to a referendum any time soon. “I’m not seeing that there’s an appetite to put it to the people at the […]
For most of the decade since I joined Benefits Canada, it feels like the pension industry has been moving at a snail’s pace. Don’t get me wrong — I have witnessed many substantial (dare I say, exciting) developments in the industry, each one touted as a potential solution to Canadians’ retirement readiness concerns and increasingly […]
An article on how Canada’s federal election could impact employees’ retirement savings 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. How Canada’s federal election could impact retirement savings 2. How the coronavirus pandemic shifted employees’ retirement planning […]
Michael Montgomery used to check the balance on his retirement account once a week and smile. But lately, not wanting to get upset and question if he could retire in a few years, there was only one solution. “I’m not looking,” says the 66-year-old professor from Huntington Woods, Mich. As the White House simultaneously injects […]
After reaching new highs at the end of 2024, capital accumulation plan member outcomes have seen significant impacts following the inauguration of U.S. President Donald Trump and subsequent tariffs on Canadian imports, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of […]
A global shutdown caused by the coronavirus pandemic gave Canadians an increase of unanticipated savings that led to a short period of stronger retirement savings contributions, says Amin Mawani, director of the Master of Health Industry Administration and professor of taxation at the Schulich School of Business at York University. It has been five years […]