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 […]
An article on how employers can support employees’ mental health amid the ongoing threat of 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. Communication of benefits, transparency keys to supporting employee mental-health amid tariff dispute: […]
Toronto-based strategic consulting firm Grantbook Inc. is transitioning to an employee ownership trust, inviting its employees to help define their retirement savings model. “It was kind of like a jagged, ragged journey, crunching through the problems for which the answer was an EOT and then finally stumbled on it at the last minute at the […]
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 […]
Amid the ongoing tariff dispute between Canada and the U.S., employers can support employee mental health by reminding them of available mental-health benefits and being transparent in their communication, says Kim Siddall, national vice-president of client strategy at People Corporation. She notes the impact of the trade war on employee mental health is two-fold, encompassing […]
Pension plans play an important economic role by distributing billions of dollars annually to retirees, who then spend this money in the economy while enjoying a certain level of financial comfort. Businesses providing goods and services, in turn, purchase products and services from various suppliers, who do the same with their own suppliers, and so […]
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. […]
The National Institute on Ageing at Toronto Metropolitan University is recognizing Canadian pension industry mainstay Bob Baldwin with its inaugural lifetime achievement award. An expert in retirement income with more than 30 years of experience, Baldwin has held many roles in the pension sector, including chair of the C.D. Howe Institute’s pension policy council, director at […]
Roughly one in three (36 per cent) single Canadians fear they’ll never be financially able to retire, according to a new survey by the Co-operators Group Ltd. The survey, which polled 1,500 employees, found nearly half (45 per cent) of single Canadians described saving for retirement as a near-impossible task. Indeed, two-fifths (40 per cent) […]
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