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…
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…
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…
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…
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,…
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…
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…
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…
Finance Minister Chrystia Freeland said the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans…
An article on why employers that mandate onsite work could see increased employee turnover was the most-read story on BenefitsCanada.com this past week. Here are the…
After a two-year consultation period, the Canadian Association of Pension Supervisory Authorities released its 2024 guideline for capital accumulation plans in September. With a focus…
A recent Quebec Superior Court decision has unleashed uncertainty over the liabilities of companies and their directors when a pension deficit appears in the context…
The International Centre for Pension Management is celebrating 20 years of promoting strong pension governance practices by regularly engaging plan sponsor members, says Sebastien Betermier, the organization’s…
An article on how the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline will impact plan sponsors and members was the most-read story…
With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of…
The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s…
Marcie Frost, chief executive officer at the California Public Employees’ Retirement System, is receiving a significant bonus that will boost her compensation to more than…
While the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline contains several key updates with regard to plan sponsor and member responsibilities,…
An increase in the frequency of digital breaches among financial organizations is pushing institutional investors to take the necessary steps to prevent cyberattacks, says Sebastien…
Going through a divorce can be an extremely stressful and emotional experience and, unsurprisingly, the impacts can spill into the workplace. “[Employees may be] at…
Bristol-Myers Squibb Co. is being targeted in a lawsuit over a US$2 billion pension risk transfer deal completed in 2019 with Athene Annuity and Life…
An article on Citigroup Inc.’s new parental and caregiver leave programs for U.S. employees was the most-read story on BenefitsCanada.com this past week. Here are the…
Ontario’s proposed regulatory framework for target-benefit pension plans includes requirements that are more prescriptive than other jurisdictions and could result in additional costs and reduced…
Argentina’s Senate defied President Javier Milei to push through an increase to pension spending that would cost at least 0.4 per cent of the country’s…
An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the…