An article on the value that deferred profit-sharing plans can offer to small- and medium-sized employers was the most-read article on Benefits Canada.com this week. Here are the top five human resources, benefits, pensions and investment stories of the past week: 1. Sounding Board: How DPSPs can support SMEs’ retirement, talent management goals 2. CPPIB wants to […]
Capital accumulation plan members saw a slight uptick in their plan outcome in the first quarter of 2024, as annuity rates rebounded to levels comparable to those from the third quarter of 2023 and gross income replacement ratios remained at multi-year highs, according to a new report by Eckler Ltd. The consultancy’s latest CAP income […]
A Saskatchewan arbitrator has ruled that Canadian Blood Services doesn’t owe an employee eight years of retroactive pension contributions because it took the proper steps to fix its failure to provide her with enrolment forms within the appropriate time limits. “The decision recognizes that mistakes happen in administering pension plans and that administrators can take […]
Canadian companies, especially small- and medium-sized employers, are facing unprecedented challenges in attracting and retaining skilled and motivated talent. According to a recent survey by Robert Half Canada Inc., 42 per cent of Canadian employees have already started searching for a new job or are planning to do so in the first six months of […]
While a majority of U.S. employees say they’re very confident (39 per cent) or confident (29 per cent) they’re doing a good job preparing for retirement, nearly two-thirds (62 per cent) either strongly or somewhat agree that preparing for retirement makes them feel stressed, according to a new survey by the Employee Benefit Research Institute. […]
PepsiCo Canada is baking flexibility into its retirement savings benefits to support employees’ financial security amid the rising cost of living. To help employees reach their retirement savings goal, the food and beverage company is matching employees’ bonuses up to 3.5 per cent, with the employer contribution automatically directed into their defined contribution pension plan. […]
At the 2024 Defined Contribution Plan Summit, which was hosted in Vancouver on Feb. 27-29, attendees learned about the various challenges and solutions for DC plan sponsors across the accumulation and decumulation phases, including how to cater to different generations’ needs and innovative investment and drawdown options, through expert thought leadership and employer case studies […]
While artificial intelligence may one day be able to remove human bias from financial decision-making, that development remains far in the future, said Lisa Kramer, a professor of finance at the University of Toronto’s Rotman School of Management, during the keynote session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. “Human nature is […]
While women are increasingly becoming primary income earners, few women manage their own finances as they near retirement, said Elisha Ribeiro, national sales director for integrated and group retirement services at the Canada Life Assurance Co. (pictured right), during a session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. “In our 20s, there […]
Employers can leverage artificial intelligence to enhance the employee experience, including improvements to defined contribution pension communication, said John Bradley, director of emerging technologies at Fidelity Investments, during a session at Benefits Canada’s 2024 DC Plan Summit in February. “For a good employee experience to take place, an employee has to feel like the majority […]