The government of Manitoba has introduced legislation to bring pooled registered pension plans to the province, a move first referenced in the throne speech on…
The Ontario government spent $793,925 on new advertising out of the budget for the Ontario Retirement Pension Plan after cancelling the program, according to documents…
The government of Manitoba has announced it will introduce pooled retirement pension plans as a new option to help the province’s employees save for retirement.…
Domtar Corp. hosted its first total reward week at its Canadian head office in Montreal at the end of September to help employees understand their…
A third (33 per cent) of Canadian employers have mandatory participation in their group retirement savings plans, according to Sun Life Financial’s new report on…
As concerns over retirement income adequacy mount, the role of plan members in making decisions about their pension investments is a growing concern. Some plan…
Despite pension administrators’ best efforts, missing members are a significant challenge for many plans. With no standardized method for searching for them, plans tend to…
Although rising costs for pension and benefits plans continue to be a concern for employers, many plan sponsors are finding ways to address the challenges…
After months, and even years, of buildup and anticipating, Republican nominee Donald Trump is the next president of the United States. Looking at his platform,…
New collective agreements reached between the United Steelworkers union and Canadian Nuclear Laboratories will create a multi-employer, multi-union pension plan for employees affected by the…
The new contract ratified yesterday between Ford Motors Company and Unifor includes a move from a hybrid pension plan to a defined contribution plan for…
As defined contribution plans mature and members retire, the pension industry may want to look abroad for solutions to the decumulation dilemma, participants at an…
Thirty minutes after its midnight deadline, Ford Motors Company and Unifor reached a tentative agreement that reinforces the economic pattern established with General Motors of…
Leading defined contribution pension plan sponsors are shifting their focus from building account balances to building income adequacy. This outcomes-based approach means plan sponsors need…
Niagara Casinos launched an intensive communications campaign in 2015 to ensure employees were taking advantage of its defined contribution pension plan. The company’s efforts to…
Millennial business owners are more likely to invest in employee benefits with 81 per cent investing in benefits within a year of launching their business,…
Ari Kaplan has launched Kaplan Law, Canada’s first law firm focusing on pension dispute mediation. With two decades of experience at Koskie Minsky, Kaplan has been…
The Office of the Superintendent of Financial Institutions has published updated guides for the disclosure requirements of defined contribution and defined benefit plans. The new…
During an event held last week in Toronto, participants discussed how the 70-per-cent replacement rate as a measure of retirement income adequacy could be modified.…
Protecting against longevity risk is one of the biggest challenges for people with defined contribution pension plans because, if they live longer than their savings…
Before changes brought in by the federal government in the late 1980s, a mechanism to protect defined contribution plans against longevity risk used to exist.…
While there has been much discussion of the need to refine the common notion of a 70 per cent replacement rate in retirement, implementing a…
As contract negotiations between the City of Saskatoon and its transit workers heat up, the parties are in disagreement about the nature of the central…
Manulife Financial has introduced an online planning program for employees who participate in its workplace retirement savings plans. The program, Retirement Redefined, includes personalized planning…
Great-West Life is piloting an online financial program with about 5,000 plan members aimed at improving their financial outcomes. The program, called Wayfinder, allows plan…