Several Quebec municipalities, including Laval and Montreal, have suspended indexation on retirees’ pension plans, effective Jan. 1, 2017. Many defined benefit pensions plans provide indexation on an…
It’s a little shocking to realize that 1,100 Canadians are turning 65 every day. Of that number, about 500 will be relying on their own…
The Financial Institutions Commission of British Columbia has appointed Stanley Hamilton as chair of the provincial regulatory body. Hamilton, an emeritus professor at the University…
The maximum monthly benefit for new Canada Pension Plan recipients has increased by $21.67 in 2017, while monthly old-age security benefits have risen by about…
“The Ontario Registered Pension Plan was dead: to begin with. There is no doubt whatever about that. . . . Old ORPP was as dead…
2016 was certainly an interesting year for the pension and investment industries. It was a year of political moves that rocked stock markets, a number…
Pension plans administrators in Alberta’s private sector will have another year to put a governance policy in place. Under Bill 10, published in 2012, the…
The Newfoundland and Labrador government is introducing two new annual pension fees in 2017, one to be paid by pension plan administrators and another to…
Three Quebec unions are calling it “unacceptable” that the proposed reforms for the Quebec Pension Plan are not in line with the rest of Canada’s…
Pensioners and members of the Northern Transportation Co. Ltd.’s pension plan reached a settlement with the company on Friday that will see all special payments,…
The Financial Services Commission of Ontario has said it expects to perform an on-site examination of every pension plan in the province over the next…
With the taxation of certain annuity payments affected by impending changes to Canadian tax rules, employers that offer supplementary pension benefit plans may wish to…
The situation for Canada’s pension industry looked fairly uncertain at the beginning of 2016. A significant portion of the industry was bracing for the implementation…
When staffers on the comedy show Last Week Tonight joined a new 401(k) plan, they were set to pay 1.69 per cent in administrative expenses,…
The Ontario government recently issued final regulations regarding pension advisory committees that will come into effect on Jan. 1, 2017. People might legitimately wonder whether…
New Brunswick’s auditor general noted in her annual report last week that she’s pleased with recent progress to resolve the province’s audit issues, including accounting…
While it may be true that there’s nothing new under the sun in the pension world, target-benefit plans may prove the exception. In the traditional…
While plan members feel fairly confident about their retirement prospects, employers aren’t quite so optimistic, Benefits Canada‘s 2016 CAP Member Survey has found. The biggest…
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.…
Is the federal government on the right track when it comes to allowing target-benefit pension plans? Last month, the government introduced legislation that would allow…
Ontario legislation creating a new pension regulator and giving it powers to impose administrative monetary penalties will create an environment with considerably more regulatory muscle, pension…
Environmental, social and governance are words you might have heard a lot about lately. Ontario legislators now require pension plan administrators to disclose if and…
Canada’s labour movement is organizing against a federal bill that would allow federally regulated employers to establish target-benefit pension plans and convert existing defined benefit pensions to the new…