Pension technology – Benefits Canada.com

OMERS joining think tank to find uses for AI in the pension sector

Gideon Scanlon — Tue, 24 Aug 2021 17:15:46 +0000

A new strategic collaborative project between the Ontario Municipal Employees Retirement System and an artificial intelligence-oriented think tank is aiming to expand the use of AI software in the pension space. Through the partnership, which is expected to last for the next five years, the Toronto-based Vector Institute’s researchers will provide the OMERS’ staff with […]

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Great-West Life adding Koho spending account to group retirement plans

mschmit — Thu, 07 Nov 2019 04:00:05 +0000

In tandem with Financial Literacy Month, Great-West Life Assurance Co. is adding Koho’s full-service spending account to select group retirement savings plans. The accounts are paired with a prepaid, reloadable Visa 0.5 per cent cash-back card and an integrated mobile app, which provides users with real-time insights into their spending habits, prompting real behavioural changes. […]

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Employees want help with pension, retirement planning: survey

mschmit — Fri, 19 Jul 2019 04:30:27 +0000

Globally, the majority (85 per cent) of employees want help with their pension and retirement planning, according to a new survey by Accenture. The report, which surveyed workers in 10 countries in Asia-Pacific, Europe and South America, also found 82 per cent of respondents said they’d like retirement coaching. Millennial workers expressed the most interest […]

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OPTrust launches online pension portal for members

mschmit — Wed, 12 Jun 2019 11:15:21 +0000

The OPSEU Pension Trust is partnering with James Evans & Associates Ltd. to launch an online services portal for its members. The OPTrust selected the Canadian pension software company’s member portal for the experience it will offer plan members and employers, noted a press release. The OPTrust is a minority shareholder in JEA. Read: OPTrust Select welcomes first members […]

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Decumulation, cyber security among initiatives in CAPSA’s latest strategic plan

mschmit — Thu, 25 Apr 2019 05:00:07 +0000

The Canadian Association of Pension Supervisory Authorities has outlined its priorities for April 2019 to March 2022 in its new strategic plan, which included initiatives like focusing on defined contribution plan decumulation and cyber security. Jason Vary, president at Actuarial Solutions Inc., notes while all the identified priorities were worthwhile, some are more important than […]

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Learn about AI, blockchain at 2019 Benefits and Pension Summit

mschmit — Fri, 22 Mar 2019 05:20:43 +0000

Artificial intelligence and blockchain are buzzwords in virtually every industry, but there are specific ways these technologies can make improvements in the pension world, according to Serge Boccassini, manager for defined contribution product solutions at Northern Trust. “How can it be used to help people save more for retirement [and] save better for retirement? And […]

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iA Financial Group launching virtual assistant for pension, benefits members

mschmit — Fri, 18 Jan 2019 05:15:31 +0000

iA Financial Group is introducing a virtual assistant to help personalize group benefits and pension plan member experience. The virtual assistant can be accessed using Google Assistant on a cell phone, tablet or via Google Home. It can calculate how much a group registered retirement savings plan member should contribute or estimate the amount saved when they retire, […]

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Thrive Savings rolls out workplace financial wellness app

mschmit — Wed, 11 Jul 2018 12:00:53 +0000

Software company Thrive Savings Inc. is launching a financial wellness app for employers to help their employees with their savings goals. The app, which is available on Apple’s App Store and the Google Play Store in Canada, generates a unique code for each organization that’s then passed along to employees. Members then create an account and customize […]

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Creating a thriving workplace with data, personalized employee benefits

mschmit — Tue, 29 May 2018 06:00:36 +0000

Some organizations are unique. Their employees are genuinely excited to be at work and an undercurrent of energy and vitality permeates the air. They’ve transformed the workplace into a compelling experience and built a thriving workforce. This kind of environment doesn’t come easily; it must be deliberately designed, intentionally built and carefully managed. In an age of […]

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iA Financial Group rolls out retirement website to all plan members

mschmit — Wed, 16 May 2018 05:37:17 +0000

iA Financial Group is rolling out its retirement website to all group and individual plan members. The website, which aims to help people prepare for retirement, includes financial and non-financial advice for the various stages of life and retirement, a toolbox to help people plan their retirement savings and a retirement preparation assessment questionnaire. Read: 2017 CAP […]

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