Canadian employees want more comprehensive coverage under their benefits plans, according to a survey by the Conference Board of Canada and Telus Health. The survey, which polled more than 1,500 Canadian workers, found a majority (82 per cent) of respondents want basic dental services (such as preventative and minor restorative) covered by their benefits plans, […]
In the early days of 2020, no one could have foreseen the social and economic havoc the coronavirus pandemic would wreak on the world. Nearly two years later, as markets and economies continue to recover, Canadian pension plan sponsors are looking to their money managers to help light the way to a brighter financial future. […]
Five years ago, Rolls Royce Canada Ltd. realized its insurer and one of its European divisions’ insurers had separate reinsurance through a larger multinational company, so it worked out a deal to pool both divisions’ insured benefits. As a multinational company with more than 50,000 global employees, the automaker was an ideal candidate for a […]
Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and well-being, according to a survey by Ipsos for Ryerson University’s National Institute on Ageing and HomeEquity Bank. Among respondents aged 55 to 69, 77 per cent expressed worry about their […]
The images of floods, forest fires and heat waves over the past few years is putting climate change front of mind for many, including pension plan sponsors and administrators. It’s become increasingly clear that environmental, social and governance factors are emerging as an important area of concern for pension plan administrators and, by extension, the […]
Nearly half (44 per cent) of employers that offer retirement benefits said employee productivity has been better than normal over the past year, compared to 29 per cent of employers that don’t offer retirement benefits, according to a survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan. The survey, which […]
About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide them in the future, according to a new survey by Mackenzie Investments. Fortunately, a majority (79 per cent) of retirees said they’re very or somewhat confident their retirement income sources will […]
After the market rollercoaster ride of 2020, investors’ expectations have shifted considerably, and many are now looking for returns of 10.6 per cent above inflation from their investments in 2021, fuelling speculation that many employees may want to retire early, according to Eckler Ltd.’s latest capital accumulation plan income tracker. Indeed, the report noted rising […]
Willis Towers Watson is selling its global reinsurance business, Willis Re, to Arthur J. Gallagher & Co. for US$3.25 billion. The transaction is set to close by the end of the first quarter of 2022 and there’ll be an earnout payable in 2025 of up to US$750 million in cash, subject to certain adjustments. Read: […]
The Financial Services Regulatory Authority of Ontario is seeking feedback on proposed guidance detailing how and when it publishes information about enforcement proceedings and investigations, including those related to pension plans and administrators. According to the draft guidance, this includes the use of news releases and public postings of enforcement actions on the FSRA’s website […]