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…
Latest news in Governance/legislation
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
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
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
Alberta government fires AIMCo CEO, board, citing rising costs and poor performance
Alberta’s finance minister has sacked the chief executive officer and entire board of directors of the Alberta Investment Management Corp., the Crown corporation that manages…
- By: Jack Farrell, the Canadian Press
- November 8, 2024 November 11, 2024
- 10:30
Coverage of the 2024 DC Investment Forum
The volatile global conditions of the last four years have culminated in a looming economic downturn, impacting defined contribution pension plan sponsors and members alike.…
- By: Benefits Canada
- November 6, 2024 October 31, 2024
- 08:00
2024 DC Investment Forum: Young Canadians’ retirement savings at mercy of housing market, government inaction
Young Canadian employees are facing a series of headwinds stemming from rising housing costs and decades of inaction by the federal government to support retirement…
- By: Blake Wolfe
- November 6, 2024 October 30, 2024
- 07:59
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
Ontario to consult on variable life benefits, finalizes target-benefit framework
In its fall economic statement on Wednesday, the Ontario government said it plans to consult with pension industry stakeholders on the possibility of offering variable…
- By: Staff
- October 31, 2024 October 30, 2024
- 09:00
Expert panel: What are some CEO red flags for institutional investors to consider?
According to an old adage, the fish rots from the head down. With the chief executive officer being the head of a corporation, are there…
- By: George Athanassakos
- October 29, 2024 October 30, 2024
- 11:00
Institutional investors’ facing increased cybersecurity risk due to speed of AI evolution: OSFI
The rapid adoption of artificial intelligence tools in financial industries represents an evolving risk to institutional investors, according to a new report by the Office…
- By: Staff
- October 24, 2024 October 24, 2024
- 11:00
Canada’s retirement system ranks No. 17 out of 48 countries, has room for improvement: report
Canada’s retirement system ranks No. 17 out of 48 countries, down from No. 12 in 2023, according to a new report by Mercer and the…
- By: Staff
- October 22, 2024 October 21, 2024
- 11:00
2024 Risk Management Conference: A look at the first days of the WISE Trust: it ‘felt like a startup’
Overseeing the transition of a single-employer pension plan to a jointly sponsored one felt at times like launching a startup firm, according to Theo Heldman,…
- By: Bryan McGovern
- October 21, 2024 October 21, 2024
- 07:51
2024 Risk Management Conference: Panel: Expanding access to DB pension plans best way to maintain sustainability
Longevity risk is still among the top concerns keeping defined benefit pension plan sponsors up at night. While a 62-year-old person that retired in 2002…
- By: Lauren Bailey
- October 21, 2024 October 21, 2024
- 07:50
Nova Scotia offers retirement fund top-ups to attract, retain physicians
The Nova Scotia government is offering to pay up to $15,000 a year into a new retirement benefits program for doctors in hopes the public…
- By: Michael Tutton, the Canadian Press
- October 17, 2024 October 17, 2024
- 15:00
Expert panel: How will CAPSA’s risk management guideline impact pension plan administrators?
The Canadian Association of Pension Supervisory Authorities’ guideline for risk management provides that plan administrators should create a framework to identify, evaluate, manage and monitor…
- By: Gavin Benjamin
- October 17, 2024 October 16, 2024
- 09:00