Even though it sounds obvious, maximizing retirement income and making it last for life isn’t what drives most retirees when it comes to making decisions — which is contributing to the challenges around decumulation, said Fred Vettese, an author and pension expert, during Benefits Canada‘s 2023 Defined Contribution Plan Summit. “The hurdles we have to […]
With multiple generations in Canada’s diverse labour force, each generation has distinct needs and expectations, with millennials, in particular, creating increasing challenges for plan sponsors. The age group is comfortable talking about finances, but they aren’t saving for retirement, said Maria-José Perea, vice-president of product innovation in group retirement savings at Desjardins Insurance, during Benefits […]
Any new benefit introduced at Amazon has to align to its 16 leadership principles, which the organization lives and breathes every day. These include: learn and be curious, think big, inventing and simplifying, customer obsession and bias for action. “When we roll out a benefit, it has to fit into our leadership principles,” said Adam […]
TMX Group Ltd. is among 23 Canadian employers that have signed on to a new parental leave pledge created by Women in Capital Markets. The pledge provides a roadmap for organizations to follow to ensure their parental leave policies and practices are inclusive and equitable to all those who use them, including non-birth parents and […]
As the Canadian government develops its legislation to permit employee ownership trusts, the fact that the proposed model doesn’t include incentives is a big blow to companies considering the option, according to one expert. “I would have had a different answer for you prior to the [2023] budget,” says Jon Shell, managing partner at Toronto-based Social […]
What’s in a name? A pension by any other name would smell as sweet — or would it? I started writing this month’s Pension Feature as an exercise to sift through some of the terms used by the pension industry to describe the different types of plans, but also to answer the question: Does the […]
Defined benefit. Defined contribution. Target benefit. Shared risk. Collective. Multi-employer. Pooled. Canada’s pension and retirement landscape is littered with lingo that can often be confusing for the people who participate in these plans and count on them for their retirement income. As pension plans evolve and the terms describing them expand, does the industry have […]
Three years ago this month, the world was grappling with the early days of the coronavirus pandemic. Even then, with very little information available, people were beginning to turn their attention to the anticipated long-term ramifications of the public health crisis. With everyone experiencing this once-in-a-century moment simultaneously, no one had a response for how […]
The financial services company’s head of global well-being and benefits strategy talks hybrid working, diverse benefits and time outdoors with her dogs. Q: What top challenges do you face in your role? A: Being fairly new to Nasdaq, I’m learning something new every day about our organization, our people and what we do. Did you […]
Nearly three years have passed since the coronavirus pandemic became a household name. In some ways, March 11, 2020 — the day the World Health Organization declared the global pandemic — feels like yesterday, but in others, it feels like decades ago. In the days, weeks and months since then, the world has irreversibly changed […]