Canadian pension income adding $24.5BN to federal coffers in 2025: report
Workplace pension income will add $24.5 billion to federal coffers and $16.8 billion to the provinces in 2025, according to a new report by the…
Top Stories in Pensions
UAP supporting financial wellness with retirement toolkit
UAP Inc. is supporting employees’ financial wellness and retirement readiness with a new retirement toolkit. The toolkit, which launched this week, explains the company’s retirement…
- By: Blake Wolfe
- November 29, 2024 November 28, 2024
- 09:00
Employer-sponsored pension plans supporting increased employee productivity: survey
While nine in 10 (85 per cent) employers that reported decreased employee productivity over the past year cited burnout as a major problem, investing in…
- November 28, 2024 November 28, 2024
- 15:00
Average funded status of Ontario DB pension plans at 121% in Q3 2024: report
The average funded position of defined benefit pension plans in Ontario was 121 per cent in the third quarter of 2024, down just two per…
- By: Staff
- November 28, 2024 November 27, 2024
- 09:00
More clarity, flexibility needed in solvency reserve accounts for federally regulated DB pension plans: ACPM
An amendment to the federal Pension Benefit Standards Regulations that would establish solvency reserve accounts for federally regulated defined benefit pension plans requires additional clarity…
- By: Staff
- November 27, 2024 November 26, 2024
- 09:00
BCFSA appointing Tolga Yalkin as CEO, CSO
The British Columbia Financial Services Authority is appointing Tolga Yalkin as chief executive officer and chief statutory officer, effective Jan. 13, 2025. Yalkin succeeds Blair Morrison and…
- By: Staff
- November 26, 2024 November 27, 2024
- 15:00
Top 5 HR, benefits, pension and investment stories of the week
An article on how a national drug pooling program would impact employer-sponsored benefits plans was the most-read story on BenefitsCanada.com this past week. Here are…
- By: Staff
- November 22, 2024 November 21, 2024
- 09:00
DB pension plan sponsors facing “bottleneck” in annuities market: expert
Increased deal-making in the Canadian annuities market is adding pressure to defined benefit plan sponsors seeking to de-risk their plans, says Jason Vary, president of…
- By: Bryan McGovern
- November 21, 2024 November 21, 2024
- 11:00
Legislation blocking ammunition investments could limit overall investment landscape in Canada: PIAC
The Pension Investment Association of Canada, alongside the Canadian Life and Health Insurance Association and the Portfolio Management Association of Canada, is asking the Senate to…
- By: Staff
- November 20, 2024 November 19, 2024
- 15:00
Former PM Stephen Harper appointed as AIMCo chair
Former prime minister Stephen Harper is the new chairman of the Alberta Investment Management Corp. The move comes almost two weeks after the province’s finance…
- By: Lisa Johnson, the Canadian Press
- November 20, 2024 November 20, 2024
- 15:00
Leadership changes at the AIMCo could impact credibility, independence: expert
The swift removal of the chief executive officer, three executives and the 11-person board at the Alberta Investment Management Corp. is a dramatic move that…
- By: Bryan McGovern
- November 19, 2024 November 15, 2024
- 09:00
Canadian pension funds continue to land top marks for transparency: report
For the fourth year in a row, five Canadian pension funds are among the most transparent in the world, according to the global pension transparency…
- By: Staff
- November 18, 2024 November 18, 2024
- 14:30
U.K. plans to create pension ‘megafunds’ with aim of unlocking US$100 billion for investment
British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of…
- By: The Associated Press
- November 15, 2024 November 15, 2024
- 15:00
Editorial: Prioritizing plan sponsor perspectives
The weather is shifting, with the wet November wind blowing away the crisp October sunshine. While this time of year is characterized by the change…
- By: Jennifer Paterson
- November 15, 2024 November 13, 2024
- 09:00
Head to head: Are employers’ financial literacy initiatives translating into reality?
One expert suggests employers bridge their knowledge gap by finding ways to turn education into action, while another says companies’ commitments to ongoing financial literacy…
- By: Benefits Canada
- November 15, 2024 November 13, 2024
- 08:59
How Meridian’s financial wellness offerings benefit employees, organization as a whole
As a financial institution that provides banking and wealth management services to customers, Meridian Credit Union ensures it also offers employees a comprehensive suite of…
- By: Sadie Janes
- November 15, 2024 November 13, 2024
- 08:58
Top 5 HR, benefits, pension and investment stories of the week
An article on incoming changes to Nova Scotia’s provincial Pension Benefits Act was the most-read story on BenefitsCanada.com this past week. Here are the top five…
- By: Staff
- November 15, 2024 November 14, 2024
- 09:00
How Mexico’s reformed pension system is improving workers’ retirement security
Earlier this year, Mexico’s senate approved the creation of a new pension fund to help provide more retirement security for low-income citizens. The reform aims…
- By: Sadie Janes
- November 15, 2024 November 13, 2024
- 08:54
How CAPSA’s fee transparency guidance is impacting plan sponsors
The Canadian Association of Pension Supervisory Authorities’ new plan sponsor guidelines surrounding investment fee transparency are a good first step, but require further development to…
- By: Blake Wolfe
- November 14, 2024 November 13, 2024
- 09:00
Nova Scotia to allow unlocking of pension benefits
The Nova Scotia government is updating the provincial Pension Benefits Act to allow the unlocking of pension benefits. Effective April 1, 2025, plan members aged…
- By: Staff
- November 11, 2024 November 8, 2024
- 09:00
2024 DC Investment Forum: Financial advice ‘paramount’ to DC plan members’ success as they save for, enter retirement
Canadian defined contribution plan members’ knowledge of target-date funds is lacking and it may point to a larger issue: the stakes set for member investment…
- By: Kelsey Rolfe
- November 6, 2024 November 4, 2024
- 07:55
CAP member outcomes continue to rise in Q3 2024: report
Despite declining annuity rates, Canadian capital accumulation plan members retiring at the end of September experienced some of the best outcomes in more than 13…
- By: Staff
- November 4, 2024 November 5, 2024
- 15:00
Amazon Canada’s new estate planning benefit key to financial wellness win
Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was…
- By: Bryan McGovern
- October 28, 2024 November 6, 2024
- 09:00
Admiral Insurance’s benefits program awarded for balancing innovation, sustainability
Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The…
- By: Lauren Bailey
- October 25, 2024 November 6, 2024
- 09:00
How Ontario pay transparency legislation will impact employers
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…
- By: Sadie Janes
- December 4, 2023 December 1, 2023
- 09:00