What employers need to know about CAPSA’s 2024 CAP guideline By James Pierlot An abridged version of this article was originally published in Benefits Canada on October 3, 2024. After a two-year consultation period, the Canadian Association of Pension Supervisory Authorities (“CAPSA”) released the new 2024 Guideline for Capital Accumulation Plans (“2024 guidelines”) on September […]
by James Pierlot Introduction Most Canadians don’t think much about retirement at the beginning of their careers and don’t pay a lot of attention to how Canada’s retirement income system works – I know I didn’t, preferring to save money for travel rather than for retirement. That leaves most playing catch-up when they get to […]
by James Pierlot Introduction As the world celebrates International Women’s Day, it’s once again an opportunity to shine a light on the persistent gap in retirement savings between men and women. The Current Landscape More than half of working women are worried about their financial future post-retirement. Ontario’s pay equity office reports that the […]
Blue Pier™, Canada’s innovative pension plan provider, is delighted to announce the addition of Jeffrey White to its Board of Directors. A distinguished figure in the Canadian capital markets with over two decades of experience, Jeffrey White brings a wealth of knowledge and expertise to the Blue Pier team. A lawyer by training, Jeffrey has spent […]
Despite its global popularity, the 401(k) is a strictly American retirement account. If you’re looking to expand your business north of the Canadian border, you may need to set up a Canadian equivalent to the 401(k). Here’s a lowdown on how to go about it. What is 401(k)? A 401(k) is a retirement savings plan […]
Blue Pier™ is pleased to announce that Brian Mills has accepted the position of Chair of the Board of Trustees of the Blue Pier Retirement Plan. Brian joined Blue Pier™ as a Trustee in 2019 after retiring from the role of Superintendent of Financial Services for Ontario. Outgoing Chair Lesley Gallinger, who is President and […]
Blue Pier™ has been nominated for The Diversity and Inclusion Award 2022 at The CanadianSME National Business Awards. The CanadianSME Business Awards are designed to recognize and applaud the contribution that small business owners provide to Canada’s economy. Find more information by clicking here. #SMEAwards2022
There is a lot to think about when choosing a workplace retirement plan. How many employees do you have? Is your workplace large enough for a group plan? What types of plans work best for your type of business? What resources do you have to implement a plan? How long will it take to set […]
Employers and HR departments oversee employee benefits, and the importance of this aspect of compensation has never been more relevant. With nearly one-third of employees considering a job change in the last year and 7 out of 10 Canadian employees willing to quit their present position for a new job with better benefits, it’s clear […]
A survey conducted by the Financial Services Regulatory Authority of Ontario (FSRA) in November 2022, revealed that 61% of the respondents felt the right time to start setting money aside would be in your 20’s. This is where the value of a workplace pension plan comes into play to give your employees the peace of mind they […]