The Nova Scotia government is updating the provincial Pension Benefits Act to allow the unlocking of pension benefits. Effective April 1, 2025, plan members aged…
Alberta’s finance minister has sacked the chief executive officer and entire board of directors of the Alberta Investment Management Corp., the Crown corporation that manages…
An article on Samsung Electronics Co. Ltd.’s win in the Health/Wellness Program category for employers with fewer than 1,000 employees at Benefits Canada’s 2024 Workplace Benefits Awards was…
The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.1 billion in the third quarter of 2024, a…
The volatile global conditions of the last four years have culminated in a looming economic downturn, impacting defined contribution pension plan sponsors and members alike.…
Young Canadian employees are facing a series of headwinds stemming from rising housing costs and decades of inaction by the federal government to support retirement…
With defined contribution pension plan assets expected to double in the near term and members now using target-date funds at “unprecedented” rates, plan sponsors need…
The majority of Canadian defined contribution plan members are invested in the appropriate target-date fund vintage and those who are may be better prepared for…
Canadian defined contribution plan members’ knowledge of target-date funds is lacking and it may point to a larger issue: the stakes set for member investment…
Pension plan members’ primary concerns about their golden years are whether they’ve saved enough money to live their dream retirement, whether those funds will last…
The rising cost of living in the post-pandemic era has impacted all aspects of employees’ financial wellness, including retirement savings. In 2023, Hofmann-La Roche Ltd.…
Nearly two-thirds (61 per cent) of Canadians say they’re afraid of running out of money in retirement, according to a new survey by the Canada…
During Financial Literacy Month and throughout the entire year, Desjardins Group is promoting financial literacy by offering employees personalized financial advice, as well as hosting…
With the start of a new year, there are several developments and trends that will likely impact Canadian pension plan sponsors in 2025. Implementation of…
The majority (92 per cent) of U.S. employers offer some sort of educational benefit, with the most common being tuition assistance/repayment programs, according to a…
According to Statistics Canada, 80 per cent of Canadian public sector workers benefit from a respectable, life-long pension. However, for many private sector employees the…
The National Police Federation, which represents 20,000 Royal Canadian Mounted Police officers, has launched a class action claiming the federal government has wrongfully prevented part-time…
User personalization and an ease-of-use approach are key in the adoption of artificial intelligence technology tools by pension plan sponsors, according to a new report…
The Toronto Transit Commission Pension Plan is appointing Heather Wolfe as its new chief executive officer, effective March 3, 2025. She succeeds acting CEO James…
The keynote session at Benefits Canada’s 2024 Defined Contribution Investment Forum warned that the failure to plan for the ‘boomer bulge’ is affecting private and…
UAP Inc. is supporting employees’ financial wellness and retirement readiness with a new retirement toolkit. The toolkit, which launched this week, explains the company’s retirement…
One expert suggests employers bridge their knowledge gap by finding ways to turn education into action, while another says companies’ commitments to ongoing financial literacy…
Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was…
Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…