pension communications – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 FSRA releases final guidance on roles, responsibilities of pension plan administrators https://www.benefitscanada.com/pensions/governance-law/fsra-releases-final-guidance-on-roles-responsibilities-of-pension-plan-administrators/ Mon, 24 Jun 2024 19:00:46 +0000 https://www.benefitscanada.com/?p=157340 The Financial Services Regulatory Authority of Ontario has updated its guidance on the roles and responsibilities of pension plan administrators, adding three additional areas for administrators to enhance protection and stability for pension plan beneficiaries. The guidance, which took effect earlier this month, stated an administrator is responsible for all aspects of the administration of the […]

The post FSRA releases final guidance on roles, responsibilities of pension plan administrators appeared first on Benefits Canada.com.

]]> 2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-top-100-pension-funds-report-employees-financial-wellness-moving-up-the-agenda-for-pension-plan-sponsors/ Fri, 21 Jun 2024 12:55:32 +0000 https://www.benefitscanada.com/?p=157051 When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high on his agenda. In such a fast-paced and potentially stressful workplace, money matters naturally took a backseat to the physical and mental health of the hospital’s staff, who are members […]

The post 2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors appeared first on Benefits Canada.com.

]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-83/ Fri, 24 May 2024 13:00:46 +0000 https://www.benefitscanada.com/?p=156029 An article highlighting CGI Group’s initiatives for Mental Health Awareness Month was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. CGI Group promoting mental-health support through compassion tool, employee recognition 2. Gen Z reports worsened communication skills due to remote working, […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

]]> Saskatchewan arbitrator sides with Canadian Blood Services in pension contributions case https://www.benefitscanada.com/pensions/pension-communication/saskatchewan-arbitrator-sides-with-canadian-blood-services-in-pension-contributions-case/ Thu, 16 May 2024 13:00:09 +0000 https://www.benefitscanada.com/?p=155627 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 […]

The post Saskatchewan arbitrator sides with Canadian Blood Services in pension contributions case appeared first on Benefits Canada.com.

]]> How PepsiCo Canada’s savings program is helping employees achieve financial security at any stage in life https://www.benefitscanada.com/archives_/benefits-canada-archive/how-pepsico-canadas-savings-program-is-helping-employees-achieve-financial-security-at-any-stage-in-life/ Fri, 10 May 2024 12:58:17 +0000 https://www.benefitscanada.com/?p=155285 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. […]

The post How PepsiCo Canada’s savings program is helping employees achieve financial security at any stage in life appeared first on Benefits Canada.com.

]]> How DC plan sponsors can support women’s financial confidence https://www.benefitscanada.com/events/conference-coverage/how-dc-plan-sponsors-can-support-womens-financial-confidence/ Fri, 10 May 2024 11:59:20 +0000 https://www.benefitscanada.com/?p=154756 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 […]

The post How DC plan sponsors can support women’s financial confidence appeared first on Benefits Canada.com.

]]> AI can enhance DC pension communication, employee experience https://www.benefitscanada.com/events/conference-coverage/ai-can-enhance-dc-pension-communication-employee-experience/ Fri, 10 May 2024 11:58:08 +0000 https://www.benefitscanada.com/?p=154766 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 […]

The post AI can enhance DC pension communication, employee experience appeared first on Benefits Canada.com.

]]> A look at the Australian Retirement Trust’s approach to decumulation https://www.benefitscanada.com/events/conference-coverage/a-look-at-the-australian-retirement-trusts-approach-to-decumulation/ Fri, 10 May 2024 11:57:41 +0000 https://www.benefitscanada.com/?p=154776 Inspired by the University of British Columbia’s variable payment lifetime annuity option, the Australian Retirement Trust is taking a similar approach to decumulation, which, in turn, may hold lessons for Canadian defined contribution plan sponsors, said Brnic Van Wyk, the plan’s head of asset and liability management, during a session at Benefits Canada’s 2024 DC […]

The post A look at the Australian Retirement Trust’s approach to decumulation appeared first on Benefits Canada.com.

]]> Association of Ontario Midwives Benefits Trust supporting employees with financial literacy, DC plan options https://www.benefitscanada.com/events/conference-coverage/association-of-ontario-midwives-benefits-trust-supporting-employees-with-financial-literacy-dc-plan-options/ Fri, 10 May 2024 11:56:25 +0000 https://www.benefitscanada.com/?p=154784 Financial literacy initiatives and a wide range of capital accumulation plan options are key components in supporting the financial health of midwives, said Nicole Mellin, executive director of the Association of Ontario Midwives Benefits Trust (pictured left), during a session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. The association provides its roughly […]

The post Association of Ontario Midwives Benefits Trust supporting employees with financial literacy, DC plan options appeared first on Benefits Canada.com.

]]> Just a third of U.K pension plan members feel they’ve saved enough to retire: survey https://www.benefitscanada.com/pensions/retirement/just-a-third-of-u-k-pension-plan-members-feel-theyve-saved-enough-to-retire-survey/ Fri, 26 Apr 2024 13:00:11 +0000 https://www.benefitscanada.com/?p=154722 Only a third (31 per cent) of U.K. pension plan members say they have sufficient retirement savings, down slightly from 32 per cent in 2022, according to a survey by Trafalgar House. The survey, which polled 2,000 adults, found 48 per cent believe they’ve saved much less than they need, up from 45 per cent. […]

The post Just a third of U.K pension plan members feel they’ve saved enough to retire: survey appeared first on Benefits Canada.com.

]]>