An open and impartial blog about insurance, employee benefits, industry news and financial literacy.
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Pooled Registered Pension Plan (PRPP)
Published on 2011-12-08 20:53:00
The Federal Government recently passed Bill C-25 also referred to as the Pooled Registered Pension Plan Act. while still in its infancy, and with many details still to be drawn up, this plan provides yet another method for Canadians to save for their retirement. Standard Life has put out a good summary of what we know thus far. I have linked it below. I have also summarized what I feel are the most important parts.Rob's SummaryAll employers will be required to offer the plan
Long time no post, here is some marketing jargon I put together recently
Published on 2011-12-08 20:31:00
A more affordable Health and Dental plan where you control the rates!You may have heard of the recent bankruptcy of Nortel which left thousands of employees without benefits or pensions. This is because Nortel used a “Defined Benefit” plan. A Defined Benefit plan means essentially “you get this benefit, no matter the cost”. That’s how bankruptcy happens.While the world of Pensions have long since made the switch away from Defined Benefit, and towards Defined Contribution plans. Th
Lower EHC trend factor used for pricing
Published on 2011-08-29 12:26:00
Sun Life has announced today that they are joining the party started by Great West Life recently of lowering their health care trend factors. Recently GWL dropped their health care trends from 15.5% per year to about 12% per year. Sun Life has just done the same and dropped their trends a similar amount. I fully expect the other carriers to follow suit quickly. A refresher on what is a trend factor can be found here Sun Life Press ReleaseSun Life is pleased to announce that we are lowering our E
