pension plans – Benefits Canada.com

UPP appointing Omo Akintan as chief people officer

lbailey — Mon, 29 Nov 2021 14:00:57 +0000

The University Pension Plan is appointing Omo Akintan as chief people officer, effective February 2022. Prior to joining the UPP, Akintan was the chief people officer at the City of Toronto since January 2019. She was also the City’s acting director of equity, diversity and human rights division from 2017 to 2018. Before that, she […]

The post UPP appointing Omo Akintan as chief people officer appeared first on Benefits Canada.com.

Employees want more comprehensive benefits coverage: survey

lbailey — Fri, 19 Nov 2021 14:05:37 +0000

Canadian employees want more comprehensive coverage under their benefits plans, according to a survey by the Conference Board of Canada and Telus Health. The survey, which polled more than 1,500 Canadian workers, found a majority (82 per cent) of respondents want basic dental services (such as preventative and minor restorative) covered by their benefits plans, […]

The post Employees want more comprehensive benefits coverage: survey appeared first on Benefits Canada.com.

Top 2021 Money Managers Report: What questions should pension plan sponsors ask in 2022?

bwolfe — Fri, 19 Nov 2021 13:53:15 +0000

In the early days of 2020, no one could have foreseen the social and economic havoc the coronavirus pandemic would wreak on the world. Nearly two years later, as markets and economies continue to recover, Canadian pension plan sponsors are looking to their money managers to help light the way to a brighter financial future. […]

The post Top 2021 Money Managers Report: What questions should pension plan sponsors ask in 2022? appeared first on Benefits Canada.com.

Back to basics on captive arrangements

lbailey — Fri, 19 Nov 2021 13:50:19 +0000

Five years ago, Rolls Royce Canada Ltd. realized its insurer and one of its European divisions’ insurers had separate reinsurance through a larger multinational company, so it worked out a deal to pool both divisions’ insured benefits. As a multinational company with more than 50,000 global employees, the automaker was an ideal candidate for a […]

The post Back to basics on captive arrangements appeared first on Benefits Canada.com.

75% of older Canadians worrying about financial security: survey

lbailey — Fri, 05 Nov 2021 13:00:56 +0000

Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and well-being, according to a survey by Ipsos for Ryerson University’s National Institute on Ageing and HomeEquity Bank. Among respondents aged 55 to 69, 77 per cent expressed worry about their […]

The post 75% of older Canadians worrying about financial security: survey appeared first on Benefits Canada.com.

Expert panel: Climate change putting spotlight on ESG issues for pension plans

mdunne — Tue, 19 Oct 2021 13:00:27 +0000

The images of floods, forest fires and heat waves over the past few years is putting climate change front of mind for many, including pension plan sponsors and administrators. It’s become increasingly clear that environmental, social and governance factors are emerging as an important area of concern for pension plan administrators and, by extension, the […]

The post Expert panel: Climate change putting spotlight on ESG issues for pension plans appeared first on Benefits Canada.com.

Employers offering retirement benefits seeing stronger staff productivity: survey

lbailey — Thu, 07 Oct 2021 13:00:39 +0000

Nearly half (44 per cent) of employers that offer retirement benefits said employee productivity has been better than normal over the past year, compared to 29 per cent of employers that don’t offer retirement benefits, according to a survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan. The survey, which […]

The post Employers offering retirement benefits seeing stronger staff productivity: survey appeared first on Benefits Canada.com.

New surveys highlight discrepancies in retirement readiness

lbailey — Tue, 28 Sep 2021 13:00:20 +0000

About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide them in the future, according to a new survey by Mackenzie Investments. Fortunately, a majority (79 per cent) of retirees said they’re very or somewhat confident their retirement income sources will […]

The post New surveys highlight discrepancies in retirement readiness appeared first on Benefits Canada.com.

Positive DC plan investment outlook, returns may fuel early retirements: report

lbailey — Tue, 17 Aug 2021 13:00:29 +0000

After the market rollercoaster ride of 2020, investors’ expectations have shifted considerably, and many are now looking for returns of 10.6 per cent above inflation from their investments in 2021, fuelling speculation that many employees may want to retire early, according to Eckler Ltd.’s latest capital accumulation plan income tracker. Indeed, the report noted rising […]

The post Positive DC plan investment outlook, returns may fuel early retirements: report appeared first on Benefits Canada.com.

Willis Towers Watson selling Willis Re to Gallagher for US$3.25BN

mdunne — Mon, 16 Aug 2021 13:00:30 +0000

Willis Towers Watson is selling its global reinsurance business, Willis Re, to Arthur J. Gallagher & Co. for US$3.25 billion. The transaction is set to close by the end of the first quarter of 2022 and there’ll be an earnout payable in 2025 of up to US$750 million in cash, subject to certain adjustments. Read: […]

The post Willis Towers Watson selling Willis Re to Gallagher for US$3.25BN appeared first on Benefits Canada.com.