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 WTW. From April 6, 2024, the U.K. government abolished the lifetime allowance from pension tax legislation, limiting the total amount of tax-free cash an individual can receive to a maximum […]
The union representing workers at Nestle’s London, Ont. ice cream production facility ratified a new three-year agreement that includes pension and benefits gains. The agreement includes an additional $100 for vision care that can be used for eye exams, as well as $1,500 per year in paramedical coverage that can be used in any combination. […]
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 covers several topics, such as how to build emergency funds while balancing short-term obligations with long-term goals, as well as developing sustainable retirement income strategies using personal savings, employer-sponsored retirement […]
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, up from 41 per cent in 2020, according to a new survey by WTW. The survey, which polled more than 150 Canadian employers, found two-thirds (64 per cent) are also […]
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 top five human resources, benefits, pension and investment stories of the last week: 1. Expert panel: How employers can prepare their benefits plans, support employees amid U.S. tariff threat 2. […]
When designing an optimal menu of defined contribution investment options, it’s important for plan sponsors to maintain a documented rationale for the investment lineup and to continually monitor the lineup’s performance amid external factors, according to a new report by the Defined Contribution Institutional Investment Association. It found while plan sponsors typically take one of […]
While nearly three-quarters (72 per cent) of U.K. employees say it’s important their employer offers a pension plan that’s invested according to environmental, social and governance factors, half (47 per cent) say they don’t know whether their pension is invested in this way, according to a new survey by Scottish Widows. The survey, which polled […]
Global pensions assets rose by 4.9 per cent as of December 2024, reaching a record US$58.5 trillion, led by growth in the largest defined contribution pension markets, according to a report by WTW’s Thinking Ahead Institute. Indeed, it found among the seven largest pension markets globally — Canada, the U.S., the U.K., the Netherlands, Switzerland, […]
In 2025, the Association of Canadian Pension Management is focusing on flexible pension plan models amid a backdrop of multiple elections taking place across Canada. Korinne Collins, chief executive officer at the ACPM, says flexibility is needed around decumulation strategies for defined contribution plans and the potential for different income tax treatments for workers looking […]
A fifth (20 per cent) of individuals from generation Z and generation Alpha are open to receiving pension payouts in cryptocurrency, according to a new survey by cryptocurrency exchange Bitget. While it found three-quarters (78 per cent) expressed greater trust in alternative retirement savings options compared to traditional pension systems, a similar percentage (73 per […]