Canadian pension income adding $24.5BN to federal coffers in 2025: report
Workplace pension income will add $24.5 billion to federal coffers and $16.8 billion to the provinces in 2025, according to a new report by the…
Latest news in Retirement
UAP supporting financial wellness with retirement toolkit
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…
- By: Blake Wolfe
- November 29, 2024 November 28, 2024
- 09:00
Employer-sponsored pension plans supporting increased employee productivity: survey
While nine in 10 (85 per cent) employers that reported decreased employee productivity over the past year cited burnout as a major problem, investing in…
- November 28, 2024 November 28, 2024
- 15:00
Top 5 HR, benefits, pension and investment stories of the week
An article on incoming changes to Nova Scotia’s provincial Pension Benefits Act was the most-read story on BenefitsCanada.com this past week. Here are the top five…
- By: Staff
- November 15, 2024 November 14, 2024
- 09:00
Head to head: Are employers’ financial literacy initiatives translating into reality?
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…
- By: Benefits Canada
- November 15, 2024 November 13, 2024
- 08:59
How Meridian’s financial wellness offerings benefit employees, organization as a whole
As a financial institution that provides banking and wealth management services to customers, Meridian Credit Union ensures it also offers employees a comprehensive suite of…
- By: Sadie Janes
- November 15, 2024 November 13, 2024
- 08:58
How Mexico’s reformed pension system is improving workers’ retirement security
Earlier this year, Mexico’s senate approved the creation of a new pension fund to help provide more retirement security for low-income citizens. The reform aims…
- By: Sadie Janes
- November 15, 2024 November 13, 2024
- 08:54
How CAPSA’s fee transparency guidance is impacting plan sponsors
The Canadian Association of Pension Supervisory Authorities’ new plan sponsor guidelines surrounding investment fee transparency are a good first step, but require further development to…
- By: Blake Wolfe
- November 14, 2024 November 13, 2024
- 09:00
Ellement merging with George & Bell Consulting
Winnipeg-based Ellement Consulting Group is merging with Vancouver-based George & Bell Consulting Inc. The combined firm, which will operate under the Ellement banner effective Jan.…
- By: Staff
- November 13, 2024 November 11, 2024
- 15:00
Nova Scotia to allow unlocking of pension benefits
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…
- By: Staff
- November 11, 2024 November 8, 2024
- 09:00
Top 5 HR, benefits, pension and investment stories of the week
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…
- By: Staff
- November 8, 2024 November 7, 2024
- 09:00
Coverage of the 2024 DC Investment Forum
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.…
- By: Benefits Canada
- November 6, 2024 October 31, 2024
- 08:00
2024 DC Investment Forum: Young Canadians’ retirement savings at mercy of housing market, government inaction
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…
- By: Blake Wolfe
- November 6, 2024 October 30, 2024
- 07:59
2024 DC Investment Forum: Three tips for picking the right target-date fund
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…
- By: Kelsey Rolfe
- November 6, 2024 October 30, 2024
- 07:57
2024 DC Investment Forum: Investing in appropriate TDFs can lead to higher than average account balances
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…
- By: Kelsey Rolfe
- November 6, 2024 October 30, 2024
- 07:56
2024 DC Investment Forum: Financial advice ‘paramount’ to DC plan members’ success as they save for, enter retirement
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…
- By: Kelsey Rolfe
- November 6, 2024 November 4, 2024
- 07:55
2024 DC Investment Forum: New decumulation product combining income predictability with capital availability
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…
- By: Kelsey Rolfe
- November 6, 2024 October 31, 2024
- 07:54
2024 DC Investment Forum: Panel: How employers are supporting plan members’ investment decisions amid rising cost of living
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.…
- By: Blake Wolfe
- November 6, 2024 November 22, 2024
- 07:51
61% of Canadians afraid of running out of money in retirement: survey
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…
- By: Staff
- November 5, 2024 November 4, 2024
- 15:00
Desjardins promoting financial literacy through personalized advice, program for young workers
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…
- By: Sadie Janes
- November 5, 2024 November 5, 2024
- 09:00
CAP member outcomes continue to rise in Q3 2024: report
Despite declining annuity rates, Canadian capital accumulation plan members retiring at the end of September experienced some of the best outcomes in more than 13…
- By: Staff
- November 4, 2024 November 5, 2024
- 15:00
Top 5 HR, benefits, pension and investment stories of the week
An article on Amazon Canada’s win in the Financial Wellness Program category at Benefits Canada’s 2024 Workplace Benefits Awards was the most-read story on BenefitsCanada.com this past week. Here are…
- By: Staff
- November 1, 2024 October 31, 2024
- 09:00
Ontario to consult on variable life benefits, finalizes target-benefit framework
In its fall economic statement on Wednesday, the Ontario government said it plans to consult with pension industry stakeholders on the possibility of offering variable…
- By: Staff
- October 31, 2024 October 30, 2024
- 09:00
Ontario DB pension plan payouts provide $34.6BN to provincial GDP: report
Defined benefit pension plans support more than one million beneficiaries in Ontario and these benefits provided more than $34.6 billion to the province’s gross domestic…
- By: Staff
- October 30, 2024 October 29, 2024
- 15:00
Half of Canadian employees behind in retirement savings: survey
Half (51 per cent) of Canadian employees say they’re behind in their retirement savings and 34 per cent are worried about not having enough money…
- By: Staff
- October 28, 2024 October 25, 2024
- 15:00