The use of automatic features in U.S. defined contribution pension plans is supporting employee financial well-being and retirement readiness, according to a new report by…
Benefits Canada celebrated the Defined Contribution Plan Summit’s 25th anniversary by looking at how the world has changed over the last quarter century, the subsequent…
Over the past 25 years, the pension industry has seen many significant shifts, from defined benefit to defined contribution, from accumulation to decumulation and from…
With climate change affecting the planet and artificial intelligence disrupting the concept of work, a profound generational shift is underway in how young people are…
As defined contribution plans mature, Canada is seeing the first wave of retirees that only have DC plans and plan sponsors are facing the challenges…
While good governance practices must be at the core of any pension plan, intricate frameworks are designed to be proportional to the size of the…
For defined contribution plan members, the evolution of education and engagement has passed several milestones, including the introduction of email and mobile apps. “At Manulife,…
An emerging trend in U.S. defined contribution investment strategies is the ‘blend trend,’ which is a target-date solution that allocates to underlying building blocks that…
With no federal requirement for U.S. employers to offer retirement savings options, individual states are stepping up and delivering meaningful programs. Speaking at Benefits Canada’s…
Rather than a single defined contribution plan sponsor tackling the decumulation dilemma alone, decisions need to be reframed as a decumulation ecosystem, said Nicole Lomax,…
Since 2008, when the U.S. enacted legislation allowing target-date funds as the default, total assets in these funds have grown from around US$150 billion to…
In the early days of Bell Canada’s defined contribution plan, there was a lot of emphasis on information and big campaigns, but at that time,…
The evolution of pension plans from retirement tools to encompassing flexible savings models that prioritize financial wellness is a defining change over the past 25…
Two-thirds (67 per cent) of U.S. retirement savers are concerned about their income lasting their lifetime, while 30 per cent are extremely or very concerned,…
Two-thirds (65 per cent) of Canadian employees say they’re stressed about their finances and a quarter (27 per cent) say this stress impacts their productivity…
Three-quarters (76 per cent) of U.K. employers offer alternative cash benefits to high earners in lieu of pension contributions, according to a new survey by…
An article on how employers can support employees’ mental health amid the ongoing threat of U.S. tariffs was the most-read story on BenefitsCanada.com this past…
Toronto-based strategic consulting firm Grantbook Inc. is transitioning to an employee ownership trust, inviting its employees to help define their retirement savings model. “It was…
The Canadian Institute of Actuaries is supporting employers with a new resource that focuses on the importance of early and proactive retirement planning. The resource…
Three-quarters (76 per cent) of Canadian capital accumulation plan sponsors say employees’ financial resilience and retirement readiness are the main reasons they’re modernizing their plan,…
Amid the ongoing tariff dispute between Canada and the U.S., employers can support employee mental health by reminding them of available mental-health benefits and being…
Pension plans play an important economic role by distributing billions of dollars annually to retirees, who then spend this money in the economy while enjoying…
An article on how employers can prepare their benefits plans amid U.S. tariffs was the most-read story on BenefitsCanada.com this past week. Here are the…
The National Institute on Ageing at Toronto Metropolitan University is recognizing Canadian pension industry mainstay Bob Baldwin with its inaugural lifetime achievement award. An expert in…
Roughly one in three (36 per cent) single Canadians fear they’ll never be financially able to retire, according to a new survey by the Co-operators…
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