About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide them in the future, according to a new survey by Mackenzie Investments. Fortunately, a majority (79 per cent) of retirees said they’re very or somewhat confident their retirement income sources will […]
The University of Victoria Students’ Society is the first Vancouver Island employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. By joining the plan, permanent employees at the UVSS represented by the United Steelworkers will have access to a pension with early retirement options, survivor benefits and inflation protection, noted a […]
The coronavirus pandemic is changing what perks millennial managers consider “must haves,” according to a new survey by MetLife Inc. It found millennial managers (ages 26 to 40) are significantly more likely to describe pet insurance (up 58 per cent), legal services (up 50 per cent) and financial planning tools (up 40 per cent) as “must […]
The federal election is top of mind for many these days, so it’s no surprise Benefits Canada‘s most-read story over the past seven days was about the possible impact the election could have on the human resources, benefits and pension industries. Here’s the five most popular news stories of the week: 1. How will federal election […]
A majority (75 per cent) of U.S. organizations said the coronavirus pandemic has influenced how they approach absence management as a whole, according to a survey by Hub International Ltd. The survey, which polled more than 500 small- and mid-sized employers, found about 40 per cent of respondents acknowledged their time-off policies need to be […]
Canada drops to No. 10 among developed nations for retiree well-being after spending two years in a row at No. 8, according to Natixis Investment Managers’ annual global retirement index. The index, which provides an overview of the relative well-being and financial security of retirees in 44 countries, examined several factors, including whether a country […]
The Ontario Teachers’ Pension Plan is entering into an agreement to buy a bank that offers reverse mortgage solutions. The acquisition of HomeQ Corp., the parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. and other minority shareholders, is subject to regulatory approvals, which are expected to take place in the first […]
A majority (60 per cent) of employees said they’re equally productive at home as in the office and that their overall well-being is as good — or better — working from home as in the office, according to a new survey by LinkedIn Corp. subsidiary Glint Inc. The survey, which polled more than 300,000 global LinkedIn members, […]
The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to address funding asymmetry in its approach to regulating defined benefit pension plans using a portfolio replicating approach. In an open letter to the OSFI, Ric Marrero, the ACPM’s chief executive officer, raised concerns related to planned revisions […]
The average national salary increase in Canada rose to 2.8 per cent (excluding freezes), similar to pre-coronavirus pandemic levels, signalling that rising vaccination numbers, low unemployment rates and a tight labour market are having an effect on employers’ compensation practices, according to a new survey by Normandin Beaudry. While 20 per cent of Canadian companies said […]