There’s never a drought of challenges for employers and 2023 is proving no different. Today, they’re facing inflation, labour shortages, competition for hiring, high turnover…
At the 2023 Defined Contribution Plan Summit, which was hosted in Montebello, Que. on Feb. 21-23, delegates learned from employer case studies and expert thought…
Speaking during the keynote session at Benefits Canada‘s 2023 Defined Contribution Plan Summit, Seth Stephens-Davidowitz, New York Times’ bestselling author and former Google data scientist,…
With group retirement plans aimed at helping members avoid risks and achieve their savings goals, defined contribution plan sponsors are uniquely positioned to step up…
The traditional aim for the defined contribution pension industry has been helping plan members save for retirement, but as the nature of employment, plan design,…
While a third of Canadians are very or extremely confident they’ll be able to retire at the age they want to, around 40 per cent…
Financial stress is impacting Canadians’ mental and physical health, as well as decisions related to their pension plans, said Matt Davison, Western University’s dean of…
While McGill University has factored decumulation into its pension plan for decades, the plan sponsor is continually fine tuning these strategies for members, said John…
While there’s a lot of noise and confusion around environmental, social and governance factors, it comes down to delivering value for investors in terms of…
Factors such as population demographics, productivity and geopolitics impact economic growth and, by extension, the retirement outcomes of defined contribution pension plan members over longer-term…
PepsiCo Canada’s enhanced defined contribution pension plan is supporting the retirement goals of a very diverse employee population. The company, which employs roughly 11,000 people…
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…
Mitigating longevity risk is key to solving the decumulation challenge, said Pat Leo, Purpose Investments Inc.’s vice-president of longevity retirement solutions, during a session at Benefits Canada‘s 2023…
With eight billion people consuming the planet’s resources, assets such as clean energy and sustainable agriculture are becoming increasingly important to institutional investors, said John…
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.…
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…
A majority of U.S. defined contribution pension plan sponsors say they have some (70 per cent) or significant (10 per cent) concerns over data sharing…
The union representing 350 WestJet employees at Toronto’s Pearson International Airport has ratified a 2.5-year collective agreement that includes pension and benefits gains. The agreement…
While a third (34 per cent) of U.S. defined contribution pension plan sponsors say they’re studying decumulation solutions and another 15 per cent are in…
The new first home savings account may work better in conjunction with a group registered retirement savings plan or group tax-free savings account rather than as…
Just 53 per cent of Black employees and 45 per cent of Latino employees are participating in a U.S. workplace retirement plan, compared to 66…
U.S. 401(k) plans that feature automatic enrolment continue to yield higher plan member participation rates (86 per cent) than plans without auto-enrolment (37 per cent),…
More than half (54 per cent) of employees without a workplace retirement savings plan — including 77 per cent of millennials — say they’d participate in…
The rules governing registered retirement income funds and similar retirement vehicles are stuck in the past and need revamping or removal, according to a new…
The Saskatchewan Pension Plan is removing its annual contribution and transfer-in limits. Starting on April 13, 2023, as long as plan members have room in…