Canadian employees’ top concerns are physical health and fitness, work load and work-life balance, ability to retire and mental health, according to a new survey…
The Ontario Municipal Employees Retirement System Sponsors Corp. is appointing Laurie Hutchinson as its new chief executive officer, effective April 18, 2022. In the new…
The federal government’s 2022 budget, which set out $56 billion in new spending on Thursday, has a few offerings that could impact employers and employees.…
While a typical Canadian defined benefit pension plan saw negative investment returns in March, it also improved on a solvency and accounting basis, according to…
Changes to the calculation of commuted pension values in Canada are making it more challenging for defined benefit pension plan members to determine an optimal…
The average solvency ratio of Canadian defined benefit pension plans in Mercer’s database increased five percentage points in the first quarter of 2022, according to…
Empower Retirement, the U.S. subsidiary of Great-West Lifeco Inc., has completed the previously announced acquisition of Prudential Financial Inc.’s full-service retirement business. With the completed…
While 84 per cent of U.S. employees believe their employer should be responsible for their financial well-being, only 55 per cent feel their company is concerned…
In 2020, more than 6.2 million Canadians put aside a total of $50.1 billion for their retirement by making contributions to their registered retirement savings…
The U.K. pension regulator is releasing new rules on climate disclosures for institutional investors and defined benefit pension plans. In a report, the Financial Conduct…
More than two-thirds (71 per cent) of small- and mid-sized U.S. employers said offering more employee benefits helps improve retention, while 70 per cent said…
Remote work is considered the second most important element to compensation and benefits packages, ranked only behind salary, according to a new survey by job…
While Quebec’s Auditor General Guylaine LeClerc says the Caisse de Dépôt et Placement du Québec’s exposure to international and private markets is increasing fraud and corruption…
An article on how the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline will impact plan sponsors and members was the most-read story…
While the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline contains several key updates with regard to plan sponsor and member responsibilities,…
In 2023, the world’s 300 largest pension funds’ assets under management increased by 10 per cent to US$22.6 trillion, compared to $20.6 trillion at the…
With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of…
The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s…
Marcie Frost, chief executive officer at the California Public Employees’ Retirement System, is receiving a significant bonus that will boost her compensation to more than…
From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member survey found plan members’ optimism…
Going through a divorce can be an extremely stressful and emotional experience and, unsurprisingly, the impacts can spill into the workplace. “[Employees may be] at…
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…
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 Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
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…