As employees continue to seek new ways of accessing and using their benefits plans, a new study is aiming to further the development of one of the latest options, internet-based cognitive behavioural therapy. This month, the University of Regina partnered with the Co-operators Group Ltd. to launch a year-long study on the benefits and challenges […]
Two-thirds of households are setting aside money for retirement, taking advantage of either a registered pension plan, a registered retirement savings plan or a tax-free savings account, Statistics Canada said Wednesday as it released the latest batch of numbers from the 2016 census. Of 14 million households, 65.2 per cent made a contribution in 2015 […]
Benefits Canada is pleased to announce the list of finalists for the 2017 Workplace Benefits Awards. The finalists will find out who won at a luncheon on Oct. 12 at the Arcadian Court in Toronto. Buy your ticket today to be among the first to hear which companies have come out on top in the following categories. […]
Back in the 1990s, senior management at the Co-operators Group Ltd. decided to be more generous with its defined contribution pension plan. While most Canadian companies with defined contribution offerings match employee contributions — often up to five per cent of salary — the Co-operators upped its plan on both sides of the equation by […]
New DB pension proposals in Quebec, Ontario tackle annuity purchases.
New draft regulations published in Quebec this summer address policies around annuity purchases for defined benefit pension plans for the first time. Industry stakeholders have been expecting the province’s regulations, which are currently under consultation, since Jan. 1, 2016, when Quebec implemented legislative changes that replaced its solvency regime with enhanced going-concern funding rules and required […]
A significant number of employers are expressing concern about employees’ readiness for retirement, a new survey by Morneau Shepell Ltd. has found. Conducted in July 2017, the annual survey of human resources trends questioned 370 employers across Canada about their attitudes towards retirement. The results show that more than 90 per cent of human resources leaders […]
Russell Investments Canada Ltd. has appointed Andrew Kitchen as managing director, institutional Canada. In the new role, Kitchen will bring the firm’s multi-asset investment outsourcing solutions, implementation services and strategic advice to Canadian institutional investors. He will also provide strategic direction on best practices in governance, implementation and investment options to the firm’s clients. Read: […]
Diversified pooled pension fund managers posted a median return of 0.7 per cent before management fees for the second quarter of 2017 and a median year-to-date return of 3.6 per cent, according to a new report by Morneau Shepell Ltd. The quarterly report, which covers about 324 pooled funds that have a market value of […]
Pension plans lukewarm on Canadian investments despite recent market strength.