Many plan sponsors aren’t aware of the level of oversight required for their defined contribution pension plans and the legal risks that comes along with them, according to Jana Steele, partner, pensions and benefits at Osler, Hoskin and Harcourt LLP, speaking during a session at Benefits Canada‘s Benefits and Pension Summit on April 1. “Arguably, the administrator […]
As plan sponsors grapple with improving engagement around capital accumulation plans, analyzing big data is one way to help employees make the most of them. “Big data allows us to pinpoint where members are on the engagement spectrum,” Karrina Dusablon, national vice-president, business development, group retirement savings at Desjardins Insurance, told attendees of Benefits Canada’s 2016 Benefits and Pensions Summit last […]
Cadillac Fairview is known for building things, so when the real estate and development firm discovered its plan members weren’t on track with their retirement savings goals, it decided to change its defined contribution pension plan to create one that would resonate with employees and encourage them to save more. “The role for Cadillac Fairview [is] to assist employees […]
Employers are divided when it comes to drugs. On the one hand, 90% of participants in Benefits Canada’s 2015 online survey strongly or somewhat agree that it would be worth it to pay for a high-cost drug if it meant their employee continued to be healthy and productive. On the other hand, they want financial […]
What employer doesn’t want more engaged employees and cost savings on their benefit plans? At the Face-to-Face Drug Plan Management Conference in Toronto on Dec. 2, John Law, global director, benefits, and director, total rewards, Canada and Latin Americas for Pitney Bowes Inc., told his company’s experience with revamping its benefits plan. “This is primarily […]
Are plan sponsors aware of the benefits plan challenges they face? Yes and no, according to Benefits Canada’s 2015 online survey of 204 senior benefit decision-makers. The survey revealed that an alarming number of sponsors are unaware of the state of their plans. Sixty-six per cent of those surveyed didn’t know what underwriting arrangement they […]
The time to act is now: that was the collective feeling at the 2015 Face-to-Face Drug Plan Management conference on Dec. 2 in Toronto. As plan sponsors grapple with an influx of costly new drugs, employee non-compliance issues and a lack of case management, panellists at the conference brainstormed for the best ways to help […]
Panellists at Benefits Canada’s Face-to-Face Drug Plan Management conference earlier this week called for rational, effective cost-cutting measures to ensure benefits plan sustainability. There was a distinct sense of urgency in the packed conference room in Toronto. “Is the pain big enough that we’re going to see some meaningful [plan] design change?” asked one attendee. […]
Genetic testing can significantly improve treatment strategies, but it also raises issues for plan sponsors and members
Drug plan stakeholders discuss cost management and patient needs at the 2014 Toronto Face to Face Drug Plan Management Forum