Staff

DC pension plan providers, advisors agree employers should offer, support in-plan decumulation options: survey

Defined contribution pension plan providers and advisors say plan sponsors should offer and support in-plan decumulation options, according to a new survey by PIMCO Canada Corp. The survey, which polled 12 DC plan providers and advisors, found more than half (53 per cent) of respondents said their plan sponsor clients haven’t considered implementing in-plan decumulation options, […]

  • March 6, 2023 March 8, 2023
  • 09:00

Survey finds 83% of global employers have an employee well-being strategy

The majority (83 per cent) of global employers say they have an employee well-being strategy, up significantly from 55 per cent in 2020, according to a new survey by Aon. The survey, which polled human resources and benefits leaders from more than 1,100 employers across 46 countries, found nearly two-thirds (63 per cent) of respondents […]

  • March 3, 2023 March 3, 2023
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article on a private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Private member’s bill prohibiting certain CPPIB investments survives first reading 2. Expert panel: Air Canada decision illustrates danger […]

  • March 3, 2023 March 2, 2023
  • 09:00

Report finds Ontario portable health benefits plan likely to cost between $3.2-$4.5BN

A portable health benefits plan is a feasible, affordable and sustainable way to improve access to essential supplemental health and dental benefits for millions of Ontarians, according to a new report from the C.D. Howe Institute. It found the portable benefits plan would likely cost between $3.2 billion and $4.5 billion — excluding administration costs, […]

  • March 2, 2023 March 1, 2023
  • 09:00

A third of Canadian workers at high mental-health risk: survey

A third (32 per cent) of Canadian workers are at high mental-health risk — considerably higher than the 14 per cent who were found to be at high risk prior to the coronavirus pandemic, according to Telus Health’s (formerly LifeWorks Inc.) latest mental-health survey. Despite respondents’ mental-health score increasing slightly, from 64.6 points in December 2022 […]

  • February 24, 2023 February 23, 2023
  • 09:00

Half of Canadians planning to contribute to RRSPs despite cost-of-living challenges: survey

Half (51 per cent) of Canadians are planning to contribute to their registered retirement savings plans this year — a substantial increase since last year (18 per cent), according to a new survey by Edward Jones Canada. The survey, which polled more than 1,600 adults, found half (51 per cent) said cost of living is […]

  • February 22, 2023 February 21, 2023
  • 09:00

Ontario DB pension plans return average 2.9% in Q4 2022: report

Ontario’s defined benefit pension funds returned an average 2.9 per cent in the fourth quarter of 2022 while plan liabilities continued to benefit from a rising interest rate environment, according to the Financial Services Regulatory Authority of Ontario’s latest solvency report. It also found the majority of plans remained fully funded on a solvency basis […]

  • February 16, 2023 February 15, 2023
  • 15:00

PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission

The Pension and Investment Association of Canada is calling on the federal government to establish a going-concern plus regime as a long-term minimum funding requirement for federally regulated defined benefit pension plans. In its pre-budget submission to Finance Canada, the PIAC said it believes the Canadian government should set a uniform funding requirement for all provinces […]

  • February 15, 2023 January 17, 2024
  • 09:00

40% of U.S. employers offered fertility benefits in 2022, up from 30% in 2020: survey

Two-fifths (40 per cent) of U.S. organizations currently offer fertility benefits, up from 30 per cent in 2020, according to a survey by the International Foundation of Employee Benefit Plans. The survey, which examined benchmarking data from more than 500 U.S. employers, also found 28 per cent of respondents said they cover fertility medications, up from […]

  • February 14, 2023 February 9, 2023
  • 09:00

Clear, consistent guidelines required for integrating sustainability in investment decisions in Canada: report

Canada requires clear, consistent guidance on the integration and reporting of sustainability factors into investment decisions, according to a new report from the United Nations-based principles for responsible investment. “There are currently no consistent regulatory requirements for sustainability reporting that apply to all investors and issuers across Canada,” noted the report. “Without such a tool, […]

  • February 14, 2023 February 13, 2023
  • 09:00