Latest news in Capital accumulation plans

Report finds U.S. DC plan members remain committed to saving, investing despite financial uncertainty

Defined contribution pension plan members in the U.S. are committed to saving and investing, as only two per cent stopped contributing to their plan in…

  • By: Staff
  • September 23, 2022 September 25, 2022
  • 15:00
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PIAC providing feedback on potential updates to Alberta’s private sector pension legislation

The Pension Investment Association of Canada is providing feedback on the Alberta government’s consultation draft of potential legislative and policy updates for private sector pension…

  • By: Staff
  • September 22, 2022 September 21, 2022
  • 09:00

Claims paid out to support mental health up 75% since 2019: CLHIA

Canadian life and health insurers processed nearly $600 million in claims related to mental health in 2021, up 45 per cent since 2020 and 75…

  • By: Staff
  • September 16, 2022 September 15, 2022
  • 09:00

2022 CAP Member Survey: Perceptions of CAPs against a changing economic landscape

After a tough couple of years, Canadians continue to face several challenges against an increasingly turbulent economic landscape. While most coronavirus restrictions were lifted in…

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Expert panel: How employers can support workers amid rising inflation

The modern economy is highly uncertain, with inflation and rising interest rates cutting into bottom lines everywhere. Employers are nervous as the cost of capital…

ACPM cautioning CAPSA on draft revisions to CAP guidelines

The Association of Canadian Pension Management is cautioning the Canadian Association of Pension Supervisory Authorities on its revisions to guidelines for capital accumulation plans. The…

  • By: Staff
  • September 9, 2022 September 8, 2022
  • 09:00
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New Brunswick PSPP announces 5.24% COLA, 0.32% below CPI

Members of the New Brunswick Public Service Pension Plan are receiving a cost-of-living adjustment that doesn’t cover increases in the cost of living in Canada.…

  • By: Staff
  • September 8, 2022 September 8, 2022
  • 13:00

Employers using debt repayment benefits to retain employees, alleviate financial stress

In 2019, Nick Smith graduated with $50,000 worth of debt — $30,000 in student loans and $20,000 with a student line of credit. Low-paying jobs and…

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PIAC providing feedback on CAPSA’s draft revisions to CAP guidelines

The Pension Investment Association of Canada is providing feedback on the consultation draft of revisions to the Canadian Association of Pension Supervisory Authorities’ guidelines for…

  • By: Staff
  • September 7, 2022 September 7, 2022
  • 15:00
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Nearly 60% of U.S. employers continuing student loan repayment benefits despite Biden’s forgiveness program: survey

Despite President Joe Biden’s new student loan forgiveness program, nearly two-thirds (60 per cent) of U.S. employers that currently offer a student loan repayment program…

  • By: Staff
  • September 7, 2022 September 6, 2022
  • 09:00
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Bâtirente’s diversified funds return between negative 4.63% and negative 8.87% in Q2

The second quarter of 2022 proved difficult for Bâtirente’s diversified funds, according to the organization’s investment strategy manager. “As was the case in the first…

  • By: Staff
  • August 30, 2022 August 30, 2022
  • 12:30
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Top 5 HR, benefits, pension and investment stories of the week

An article on the Royal Bank of Canada’s plans for returning employees to the office was the most-read story on BenefitsCanada.com over the last week.…

  • By: Staff
  • August 26, 2022 August 25, 2022
  • 09:00
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CAP member outcomes saw modest decline in Q2 as rising interest rates offset falling markets: report

Capital accumulation plan member outcomes saw a modest decline in the second quarter of 2022, as rising interest rates and the corresponding rise in annuity…

  • By: Staff
  • August 25, 2022 August 25, 2022
  • 09:06
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Majority of low to moderate income workers would invest in long-term savings plans with incentives: survey

The vast majority (90 per cent) of low to moderate income workers say they’d open a long-term savings account if they were offered incentives, according…

  • By: Staff
  • August 23, 2022 August 23, 2022
  • 09:00
Ontario DB pension solvency up again in third quarter: FSRA

19% of U.S. employees taking conservative approach to retirement savings: report

A fifth (19 per cent) of U.S. employees say they’ve adjusted their retirement strategy and are taking a more conservative savings approach amid economic uncertainty,…

  • By: Staff
  • August 19, 2022 August 21, 2022
  • 15:00

FSRA seeking comment on draft pension registration guidelines

The Financial Services Regulatory Authority of Ontario is seeking feedback on its proposed guidance on requirements for pension plans to take certain actions to avoid…

  • By: Staff
  • August 16, 2022 August 17, 2022
  • 11:30
Editorial

Editorial: Employers embracing innovation, flexibility in DC plan design

The uniting theme at the 2022 Defined Contribution Plan Summit was financial wellness, a chief concern for any employer that offers a pension plan to…

Head to Head: When it comes to fossil fuels, is divestment or engagement the right route for institutional investors?

While one expert says the two approaches work most effectively together, the other highlights the importance of complete divestment. Adam Scott, director at Shift Action…

2022 Consultants Report: How consultants are helping plan sponsors grapple with mega-trends for future of work

While the latest stage of the coronavirus pandemic is heralding a gradual return to relative calm, plan sponsors are stepping out of the frying pan…

2022 DC Plan Summit coverage: What’s next for DC plans?

The 2022 Defined Contribution Plan Summit, which was hosted in Victoria, B.C. on May 11-13, featured several case studies from innovative DC plan sponsors, as…

2022 DC Plan Summit: Highlighting pension members’ financial stressors, connection to overall well-being

In the wake of the coronavirus pandemic, five major stressors are impacting Canadians’ overall well-being, with four of these related to finances: the knowledge gap,…

2022 DC Plan Summit: How Scotiabank connects financial wellness to overall well-being

During a session at Benefits Canada‘s 2022 DC Plan Summit, Simon Cabral, Scotiabank’s director of global defined contribution plans, shared how the organization ties employees’…

2022 DC Plan Summit: Considering historical regimes in building a DC plan investment portfolio

Building a defined contribution pension plan’s investment portfolio should incorporate the benefits and drawbacks of various historical regimes to provide a strong foundation, said Ruthann…

2022 DC Plan Summit: Tracing the roots of dynamic pension pools across history, geographies

Dynamic pension pools can have a significant and positive impact on retirement outcomes if they’re supported by the appropriate legislative changes, said Barbara Sanders, associate…

2022 DC Plan Summit: The impact of career gaps, caregiving on women’s retirement readiness

When it comes to educating women about retirement and their finances, the needle hasn’t moved enough in the past few decades because the language being…