retirement – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 26 Nov 2024 20:38:21 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 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-108/ Fri, 15 Nov 2024 14:00:24 +0000 https://www.benefitscanada.com/?p=162852 An article on incoming changes to Nova Scotia’s provincial Pension Benefits Act 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. Nova Scotia to allow unlocking of pension benefits 2. Alberta government fires AIMCo CEO, board, citing rising costs and poor […]

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]]> Head to head: Are employers’ financial literacy initiatives translating into reality? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-are-employers-financial-literacy-initiatives-translating-into-reality/ Fri, 15 Nov 2024 13:59:53 +0000 https://www.benefitscanada.com/?p=162361 One expert suggests employers bridge their knowledge gap by finding ways to turn education into action, while another says companies’ commitments to ongoing financial literacy is helping to do just that. Roland Chiwetelu (pictured right), associate director of financial wellness, Eckler Ltd. One expert suggests employers bridge their knowledge gap by finding ways to turn […]

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]]> How Mexico’s reformed pension system is improving workers’ retirement security https://www.benefitscanada.com/archives_/benefits-canada-archive/how-mexicos-reformed-pension-system-is-improving-workers-retirement-security/ Fri, 15 Nov 2024 13:54:28 +0000 https://www.benefitscanada.com/?p=162686 Earlier this year, Mexico’s senate approved the creation of a new pension fund to help provide more retirement security for low-income citizens. The reform aims to ensure pensioners receive 100 per cent of their last monthly salary up to roughly 16,777 Mexican pesos (US$975), which is the average monthly wage for workers affiliated with the […]

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]]> How CAPSA’s fee transparency guidance is impacting plan sponsors https://www.benefitscanada.com/pensions/governance-law/how-capsas-fee-transparency-guidance-is-impacting-plan-sponsors/ Thu, 14 Nov 2024 14:00:09 +0000 https://www.benefitscanada.com/?p=162798 The Canadian Association of Pension Supervisory Authorities’ new plan sponsor guidelines surrounding investment fee transparency are a good first step, but require further development to make them more effective, says one expert. “[CAP sponsors are] still trying to understand what this [guidance] means,” says Joseph Bevilacqua, associate partner in Aon’s wealth solutions practice. “Fees can be […]

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]]> Ellement merging with George & Bell Consulting https://www.benefitscanada.com/news/bencan/ellement-merging-with-george-bell-consulting/ Wed, 13 Nov 2024 20:00:57 +0000 https://www.benefitscanada.com/?p=162661 Winnipeg-based Ellement Consulting Group is merging with Vancouver-based George & Bell Consulting Inc. The combined firm, which will operate under the Ellement banner effective Jan. 1, 2025, will consist of 220 employees servicing 250 plan sponsor clients throughout Canada, advising on $3 billion of annual health and welfare payments and premiums and $120 billion of […]

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]]> Nova Scotia to allow unlocking of pension benefits https://www.benefitscanada.com/pensions/governance-law/nova-scotia-to-allow-unlocking-of-pension-benefits/ Mon, 11 Nov 2024 14:00:20 +0000 https://www.benefitscanada.com/?p=162526 The Nova Scotia government is updating the provincial Pension Benefits Act to allow the unlocking of pension benefits. Effective April 1, 2025, plan members aged 55 and older will have a one-time ability to unlock up to 50 per cent of their locked-in funds when transferring to a life income fund. Read: Quebec’s amendment to […]

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]]> 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-107/ Fri, 08 Nov 2024 14:00:16 +0000 https://www.benefitscanada.com/?p=162539 An article on Samsung Electronics Co. Ltd.’s win in the Health/Wellness Program category for employers with fewer than 1,000 employees at Benefits Canada’s 2024 Workplace Benefits Awards 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. Samsung’s multi-faceted well-being strategy leads to […]

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]]> Coverage of the 2024 DC Investment Forum https://www.benefitscanada.com/events/conference-coverage/coverage-of-the-2024-dc-investment-forum/ Wed, 06 Nov 2024 13:00:17 +0000 https://www.benefitscanada.com/?p=161938 The volatile global conditions of the last four years have culminated in a looming economic downturn, impacting defined contribution pension plan sponsors and members alike. On Oct. 3 at the Omni King Edward Hotel in Toronto, the 2024 DC Investment Forum highlighted the various tools and strategies that can help plan sponsors navigate turbulent economic waters […]

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]]> 2024 DC Investment Forum: Young Canadians’ retirement savings at mercy of housing market, government inaction https://www.benefitscanada.com/events/conference-coverage/2024-dc-investment-forum-young-canadians-retirement-savings-at-mercy-of-housing-market-government-inaction/ Wed, 06 Nov 2024 12:59:47 +0000 https://www.benefitscanada.com/?p=161884 Young Canadian employees are facing a series of headwinds stemming from rising housing costs and decades of inaction by the federal government to support retirement savings, said Paul Kershaw, founder of not-for-profit organization Generation Squeeze and a policy professor at the University of British Columbia, during the keynote session at Benefits Canada’s 2024 Defined Contribution […]

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]]> 2024 DC Investment Forum: Three tips for picking the right target-date fund https://www.benefitscanada.com/events/conference-coverage/2024-dc-investment-forum-three-tips-for-picking-the-right-target-date-fund/ Wed, 06 Nov 2024 12:57:28 +0000 https://www.benefitscanada.com/?p=162019 With defined contribution pension plan assets expected to double in the near term and members now using target-date funds at “unprecedented” rates, plan sponsors need to determine which TDFs are the best for their employee population, said Wyatt Lee, portfolio manager and head of target-date strategies for T. Rowe Price Inc., during Benefits Canada’s 2024 […]

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