Too much avocado toast isn’t the reason younger Canadians have a hard time getting a start on their retirement savings. Canadian millennials are “literally working and…
The current environment is simply too difficult for Canadians to save adequately for retirement, given increased longevity and the low yields on appropriate investments, according…
The New Democratic Party tabled a private member’s bill Monday to amend Canada’s insolvency laws so they protect pension plans and post-retirement benefits when a company is…
The Quebec government has announced a plan to expand the Quebec Pension Plan in line with reforms to the Canada Pension Plan. As part of…
A new report on income security in Ontario is recommending that the provincial government expand the provision of essential health benefits to all low-income people…
The Canadian government will discontinue the Canada savings bond and Canada premium bonds program on Nov. 1, 2017. While existing bonds will continue as usual until they…
CARP is the latest organization to call for legislative reforms to better protect pensioners working for private sector companies that file for insolvency. CARP, formerly…
The federal government is currently reviewing the discount rates it uses for its pension and benefits obligations, Finance Minister Bill Morneau said in the fall economic statement…
The coming into force of an administrative monetary penalty regime under Ontario’s Pension Benefits Act on Jan. 1, 2018, will change the risk profile for…
The Caisse de dépôt et placement du Québec will now be factoring climate change into every investment decision it makes, setting out targets and actions…
One year since the federal government unveiled its target-benefit bill, the issue is still attracting divisive opinions from the industry. On one hand, there’s continued…
The Ontario Superintendent of Financial Services has selected Morneau Shepell Ltd. to take over the administration of Sears Canada Inc.’s pension plan. Following the announcement…
The idea of taxing employee discounts appears to be on hold for now, but the government may reintroduce it at a later date. If it does,…
The overall solvency position improved slightly for federally registered pension plans in 2016 compared to 2015, but the majority of funds remained slightly underfunded on…
Sears Canada Inc.’s announcement on Tuesday that it will seek a liquidation order from the Ontario Superior Court of Justice appears to vindicate the earlier…
The Netherlands has long had a reputation for having a strong two-pillar retirement system that provides retirees with an income replacement rate of at least…
Nova Scotia’s auditor general is sounding the alarm about the financial status of the province’s teachers’ pension plan, calling for action to address its “serious…
For those who aren’t accountants, it’s likely quite difficult to determine who’s right in the ongoing debate between the Ontario government and the province’s auditor…
The Global Risk Institute in Financial Services is creating a national pension hub that will be a Canadian centre for pension knowledge and research. It…
The Financial Services Commission of Ontario has released guidance for plan administrators on dealing with missing pension plan members. The policy, which took effect on…
Rules around funding and asset allocation for multijurisdictional pension plans should adhere to those set out by the majority regulator, according to stakeholder submissions to…
The Canadian Institute of Actuaries is consulting with its members on the development of a public statement for policy-makers about what’s next for Canada’s retirement…
Nortel Networks Corp., Stelco Inc., Sears Canada Inc. These are just a few of the many bankruptcy or restructuring cases that have catapulted the financial…
The Department of Finance’s draft tax legislative proposals, published on Sept. 8, include amendments to improve the clarity and effectiveness of the goods and services…
A Quebec Superior Court decision refusing to give priority to pension contribution deficiencies in the context of a mining company’s restructuring has ramped up the…