The Royal Canadian Mounted Police group life insurance and disability income insurance plans are now available to members via a secure, self-service digital platform. When the contract with their previous insurance administrator expired, the RCMP began a search for a new provider that could offer flexibility that matched their members’ lifestyle. As of June 14, […]
Gallagher is appointing Daniel Sullivan as senior vice-president of its benefits and human resources consulting practice in Ottawa. Sullivan brings more than 10 years of experience to his new role, five of which he spent with Gallagher working as a consultant with the Capital City team. In that role, he supported clients in building group benefit […]
Halifax-based Luedey Consultants Inc., a boutique benefits consulting firm, is merging with Sterling Capital Brokers Ltd., an independent benefit consulting firm specializing in servicing high-growth, small- to medium-sized businesses. Luedey Consultants has more than 70 clients across Atlantic Canada, including both privately-owned and public-sector employers, as well as several union building trades. “This is an exciting […]
The Association of Canadian Pension Management is calling on the federal government to implement two measures to assist in identifying deceased pension plan beneficiaries and in recovering overpaid amounts. In its letter to the department of Finance Canada, the ACPM requested that plan administrators be permitted to recover tax withheld at source through a credit […]
The Canada Life Assurance Co. is absorbing the Toronto-Dominion Bank’s TD Future Builders retirement savings plan program members as of March 19. “We believe Canada Life will deliver a strong group retirement and savings experience that supports the needs of TD Future Builder business customers and their employees, while allowing [Toronto-Dominion Asset Management Inc.] to focus […]
Ontario’s pension plan administrators and plan members share the responsibility of maintaining current contact information, according to the Financial Services Regulatory Authority of Ontario’s final guidance on missing plan members. It recommended administrators maintain a records management system and retention schedules that support long-term administration of the pension plan and to exercise care and diligence […]
The Municipal Benchmarking Network Canada is the latest organization joining the Colleges of Applied Arts and Technology’s DBplus pension plan. The benchmarking collaborative, formerly known as Ontario Municipal Benchmarking Initiative, established itself as an employer earlier this year and is now providing its employees with CAAT’s defined benefit pension plan retroactive to Oct. 1, 2020, said a […]
Johnston Group Inc. and the Empire Life Insurance Co. are introducing a benefits program designed for employers with 25 to 200 employees. The product, which includes the essentials of a benefits plan, can be integrated with Payworks Inc.’s payroll services and offers bundled pricing on additional human resources tools. It also includes offerings from Teladoc […]
The Pension Investment Association of Canada is expressing its support for the Financial Services Regulatory Authority of Ontario’s draft guidelines for pension plan sponsors dealing with missing members. In a letter, the PIAC said the draft guidelines would be helpful on a go-forward basis, but also noted plan administrators need more options regarding current missing […]
The Colleges of Applied Arts and Technology pension plan has added two more employers to its DBplus offering. Skills Canada Ontario and Fraser Group are the latest organizations to join the pension, bringing the number of employers in the plan to 33 since its launch 18 months ago. Employers joining DBplus can select a fixed contribution […]