The coronavirus pandemic is highlighting many trends in group retirement and investment programs, pushing the industry to be flexible and quick with some of the newer offerings. As plan sponsors review their group retirement plans in the coming months, they may want to consider some, or all, of these four trends. 1. Financial wellness becoming a must. […]
Retirement income can be sliced into three broad categories: what an individual receives from their employer, what they receive from the government and everything else. While plan sponsors are naturally most concerned with what they provide for plan members, including all forms of income in the conversation is integral to properly planning for retirement, says […]
Since retirees and active plan members are fundamentally different, should their investment options reflect that distinction? That’s the question confronting defined contribution plan sponsors as they explore the relatively new world of in-plan decumulation. As of January, when the Ontario government passed a series of new regulations under the Pension Benefits Act, the majority of […]
The Financial Services Regulatory Authority is seeking stakeholder input on draft guidance on providing consent for asset transfer transactions under the Pension Benefits Act. Aiming to support predictability and transparency for defined benefit plan administrators, sponsors and members and to protect of the rights of members, the guidance sets out how the FSRA will exercise its discretion and […]
In considering changes to its retirement savings programs, Rogers Communications Inc. is generally focused on three main internal and external factors: regulatory changes, employee feedback and demographics. “As we see the millennial and gen Z workforce grow quite a bit, we’re really trying to understand what that’s going to do to our plans in terms […]
An employer’s matching contribution is the most influential factor motivating plan members to begin saving for retirement, according to a new report by Cerulli Associates. The report, which polled U.S. employees saving into a 401(k), found 46 per cent of respondents said they starting saving for retirement because their organization offered a matching contribution, while […]
How long is your attention span? Be honest and think back to the last time you received an email about your employee benefits and didn’t tune out just a little bit. Now think about your intended audience and where their heads are at these days. The reality is, most people now have an attention span […]
Benefits Canada is proud to announce the finalists of the 2020 Workplace Benefits Awards. While this year’s entry and judging process occurred during the coronavirus pandemic, almost 100 leading employers embraced the opportunity to share their organization’s innovative initiatives and strategies. In fact, Benefits Canada even introduced a new category — Coronavirus and benefits — which received the most entries, so we divided […]
Alberta’s Local Authorities Pension Plan is introducing a new secure section of its website where plan members can log in, access their personal account and learn about their pension. The features of Your Pension Profile include mobile-friendly access to pension information, self-serve options and useful tools to help plan for retirement or manage the plan. […]
Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]