The Royal Mail Group Ltd. will soon make history in the United Kingdom by becoming the first employer to sponsor an entirely new type of pension plan, called a collective defined contribution scheme. Under the U.K.’s Pension Schemes Act 2021, which received royal assent in February, collective DC pensions will essentially be a hybrid of […]
It’s a question occupying the minds of millions of employees who’ve worked from home for just over a year now: will they still be allowed to work remotely, at least some days, once the coronavirus pandemic has faded? On March 17, one of America’s corporate titans, Ford Motor Co., supplied its own answer: it told […]
Scotiabank is renewing its lease for up to 1.1 million square feet of space in two buildings, including the iconic Scotia Plaza, located in the heart of downtown Toronto, which is owned and operated by the Alberta Investment Management Corp. and KingSett Capital Inc. The bank has renewed 560,000 square feet of space in Scotia […]
In the wake of the coronavirus pandemic, U.S. employers are embracing flexible working arrangements and considering adopting a hybrid model for rewards and pay, said a report by Willis Towers Watson. The report showed a majority (59 per cent) of employers surveyed have workers who are currently telecommuting, including 25 per cent who are able […]
Over the past few months, we’ve all had to deal with the challenges of social distancing and self-isolation. Some people have faced the extra pressure of continuing to work without interruption to earn a living, while also providing daily childcare. Others have dealt with the challenges of social isolation and living alone. For those of […]
With many people around the world facing layoffs due to business shutdowns caused by the coronavirus, financial stress is pervasive. In Australia, the government is allowing individuals affected by coronavirus to access up to $10,000 of their superannuation savings tax-free in both 2019-20 and 2020-21, subject to restrictions, including that they must be unemployed or […]
Sometimes, the best way to explore the unknown is by following in the footsteps of someone who’s been there first. When it comes to in-plan decumulation options from a defined contribution pension, whether the plan was grandfathered into existing legislation or is registered in a province that allows the option, many employers — and their […]
The majority (80 per cent) of working Canadians reported their overall well-being would improve if their employer offered a personalized wellness program customized to their specific wellness and health-related interests and goals, according to a new survey by RBC Insurance. If they were offered this type of program, survey respondents also said they’d see improvements […]
On Jan. 1, 2018, Germany introduced pension legislation aimed at strengthening workplace pensions by creating a system of collective defined contribution plans. And yet, a year later, not a single plan has been introduced based on the reforms. Speaking at an event in Frankfurt in November 2018, a board member from IG Metall, Germany’s largest […]
Some organizations are unique. Their employees are genuinely excited to be at work and an undercurrent of energy and vitality permeates the air. They’ve transformed the workplace into a compelling experience and built a thriving workforce. This kind of environment doesn’t come easily; it must be deliberately designed, intentionally built and carefully managed. In an age of […]