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Saskatchewan amending pension legislation to include more decumulation options, solvency reserve funds

The Saskatchewan government is introducing amendments to its pension legislation that provide additional flexibility for plan sponsors and introduce new decumulation options for members of…

  • By: Staff
  • November 28, 2022 November 28, 2022
  • 15:00

Pension super-priority bill passes in House of Commons

A bill intended to provide defined benefit pension plan members with super-priority in the event of a plan sponsor’s insolvency passed in the House of…

Report finds gender, race gaps persist in U.S. workplace retirement plan participation

Two-fifths (40 per cent) of all U.S. private sector employees don’t have an employer-sponsored retirement plan and non-white workers have the least access to these…

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the FIRE — financial independence and retiring early — concept was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00
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Expert panel: China’s ESG mask slips

Reports that a leading asset manager is delaying the launch of a Chinese bond fund indefinitely are a clear sign that the facade around Chinese…

41% of U.S. women expect to retire at age 70, older or not at all: survey

Two-fifths (41 per cent) of U.S. women say they expect to retire at age 70 or older or don’t plan to retire at all, according…

  • By: Staff
  • November 24, 2022 November 23, 2022
  • 09:00
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Employer’s prior conduct prohibits pension plan amendments, despite collective agreement terms: Ontario court

A recent Ontario Divisional Court ruling serves as a caution that employers’ prior conduct may prohibit them from amending pension plans even when the collective…

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Expert panel: Can pension administrators deny benefits to plan members who don’t submit proof-of-life forms?

In August, the Canadian Broadcasting Corp. reported that the U.K. Department for Works and Pensions cut off state pension payments to several expatriate pensioners living…

  • By: Mary Picard
  • November 22, 2022 November 22, 2022
  • 09:00
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BoC efforts to cool inflation attracting long-term institutional investors: expert

Despite concerns about global economic headwinds, the Bank of Canada’s successful efforts to curb inflation is capturing the attention of institutional investors, says Kathrin Forrest,…

FSRA releases final pension deregistration guidance

The Financial Services Regulatory Authority of Ontario has released its final pension deregistration guidance, which identifies the documents, information and timeframes that are required under…

  • By: Staff
  • November 21, 2022 November 21, 2022
  • 15:00
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Majority of millennials aren’t saving enough for retirement: survey

More than two-thirds (70 per cent) of millennials say they aren’t saving enough for retirement, while 27 per cent aren’t able to save any money,…

  • By: Staff
  • November 18, 2022 November 17, 2022
  • 15:00
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Survey finds retirement savings plans key to employee retention

Six in 10 (60 per cent) U.S. employees say they’re more likely to stay at their current job if their employer offers a retirement savings…

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01

Is the concept of financial independence and early retirement truly feasible?

The FIRE concept — financial independence and retiring early — is gaining traction among younger workers, but as appealing as early retirement may be, it isn’t…

  • By: Sadie Janes
  • November 18, 2022 November 18, 2022
  • 09:01

CAP member outcomes continue to increase in Q2 2024: report

Capital accumulation plan members continued to see an uptick in their plan outcome for the second quarter of 2024, as gross income replacement ratios remained…

  • By: Staff
  • August 14, 2024 August 14, 2024
  • 15:00

How employers can support working grandparents’ financial wellness, retirement readiness

Working grandparents who are providing financial support to children and/or grandchildren are risking their own plans for retirement, says Craig Bannon, director of financial planning…

Head to head: Is it time to retire the term ‘retirement?’

One actuary says social and technological factors are changing the concept of retirement, while another notes the fundamentals remain the same. Michel St-Germain, retired actuary, fellow…

Top 5 HR, benefits, pension and investment stories of the week

An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the…

  • By: Staff
  • August 16, 2024 August 15, 2024
  • 09:00

Alberta officials advised against releasing CPP exit survey results: report

Alberta’s finance and treasury board warned against releasing the official results from a government survey evaluating the interest in a new potential pension plan, according…

  • By: Staff
  • August 14, 2024 August 16, 2024
  • 15:00

Canadian pension plans facing unexpected taxes in EU countries: PIAC

Canadian pension plans are facing unforeseen taxation of dividends in European Union countries like Germany and the Netherlands, said the Pension Investment Association of Canada.…

  • By: Staff
  • August 13, 2024 August 12, 2024
  • 09:00

2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors

When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high…

Top 5 HR, benefits, pension and investment stories of the week

An article highlighting CGI Group’s initiatives for Mental Health Awareness Month was the most-read story on BenefitsCanada.com this week. Here are the top five human…

  • By: Staff
  • May 24, 2024 May 23, 2024
  • 09:00

Saskatchewan arbitrator sides with Canadian Blood Services in pension contributions case

A Saskatchewan arbitrator has ruled that Canadian Blood Services doesn’t owe an employee eight years of retroactive pension contributions because it took the proper steps…

How Ontario pay transparency legislation will impact employers

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…

Desjardins using budget workshops, interactive game to support employee financial wellness

Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…

  • By: Sadie Janes
  • November 24, 2023 November 23, 2023
  • 09:00

2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members

Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…