An article on the issues that Canadian pension plan sponsors are considering in 2025 was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Expert panel: Regulatory guidelines, geopolitical risk impacting pension plan sponsors in 2025 2. Lawsuit alleges feds prevented […]
The majority (92 per cent) of U.S. employers offer some sort of educational benefit, with the most common being tuition assistance/repayment programs, according to a new survey by the International Foundation of Employee Benefit Plans. When the IFEBP last conducted this survey in 2019, only four per cent of employers said they offered a student […]
The hospitality company’s pension and benefits manager discusses gen Z in the workforce, student debt repayment programs and family vacations. Q: What new programs or initiatives are you looking to implement? A: We’re considering providing more flexibility and inclusive benefits in our health coverage, family support program and paid leave plans to better meet the […]
The workplace programs, tools and supports that employees value have changed over the last four years, leading many employers to pause certain office perks, such as table football or fancy coffee bars, to focus on offerings that can make a difference in employees’ everyday lives. “While no one can say employees won’t enjoy a foosball […]
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 savings plans and additional post-employment income sources such as Canada and Quebec Pension Plan benefits, as well as information on adjusting to life in retirement. It also includes resources for […]
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 services to support their financial wellness. This includes a defined contribution pension in which staff contribute a mandatory three per cent of annual earnings, with the employer contributing between three […]
Roughly two-fifths (38 per cent) of U.S. institutional investors say they incorporate environmental, social and governance factors into investment decisions, according to a new survey by Callan. The survey — which polled roughly 90 institutional investors, including public and corporate defined benefit and defined contribution pension plans, as well as endowments and foundations — found […]
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 make them more effective, says one expert. “[CAP sponsors are] still trying to understand what this [guidance] means,” says Joseph Bevilacqua, associate partner in Aon’s wealth solutions practice. “Fees can be […]
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 savings, said Paul Kershaw, founder of not-for-profit organization Generation Squeeze and a policy professor at the University of British Columbia, during the keynote session at Benefits Canada’s 2024 Defined Contribution […]
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. examined the savings needs of its multigenerational workforce and determined more flexibility was required to encourage employees to set aside retirement savings, said Rana Kassab (pictured right), the company’s director […]