Historically, Canadian pension accounting standards were viewed as one of the barriers encountered by employers wishing to reduce pension risk. These barriers included the ability…
The target benefit plan (TBP) is a new pension model gaining both attention and momentum in Canada for its potential to provide plan members with…
Employees are staying into the workforce for much longer than their parents and grandparents did. There are both social and financial reasons driving this trend.…
In Canada, there has been a lot of talk about the current public retirement system and how it should be improved. But how does Canada’s…
The Alberta government has introduced Bill 10, the Employment Pension Plans Act, in the provincial legislature. The bill aims to allow plan administrators to more…
For generations, the concept of retirement centred around a one-time event: you worked to age 65, then your employer sent you off with a gold…
Ontario finance minister Dwight Duncan publically announced yesterday that the province and The Healthcare of Ontario Pension Plan (HOOPP), The Ontario Public Service Employees Union…
Disclosure—it’s a word that’s popping up with increasing frequency in the pension world. In fact, it’s hard to turn around these days without tripping over…
The only news around pooled registered pension plans (PRPPs) today seems to be coming from the federal Department of Finance, Ted Menzies, Minister of State…
B plans across the country have faced significant issues in recent years, including low interest rates, changing demographics (such as longer life expectancy and an…
The federal government has created the pooled registered pension plan (PRPP) in the hopes that provinces would each adopt a bill creating a similar product…
Members of the Prince Edward Island Legislature’s Public Accounts Committee were briefed yesterday on options for tackling the funding shortfall in the province’s public sector…
One of the first lessons Panther Kuol learned while growing up in Sudan was the value of planning carefully for the future.
The pooled registered pension plan (PRPP)—proposed by the federal government in response to the lack of pension coverage across Canada—may also help to resolve employers’…
The shift to more complicated arrangements that require additional communication also means there is a greater role for advisors in the decision-making process.
A group of six Canadian corporations has banded together in the hopes of receiving pension assistance from the Canadian government. But the federal Conservatives aren’t…
Ontario has extended the solvency funding exemption for specified Ontario multi-employer pension plans (SOMEPPs) to 2017. The exemptions were previously set to expire in September…
Small business owners in Quebec may want to bookmark Great-West Life’s new web portal for voluntary retirement savings plans (VRSPs).
The Canadian Bankers Association (CBA) is calling on the provinces and territories to enact legislation that would provide access to pooled registered pension plans (PRPPs)…
In the simplest of terms, they all use discretionary investment managers to make financial decisions on their behalf. No one from the CPP has ever…
The Canadian Association of Pension Supervisory Authorities (CAPSA) has released a draft Defined Contribution Pension Plans Guideline for comment from the pension industry.
Just two years ago, on July 12, 2010, the new GST/HST legislative regime that affects pension and other employee benefits plans was passed into law.…
New Brunswick could be paving the way for pension reform. The province’s new pension legislation, introduced in May of this year, became law earlier this…
The core of any employee benefits plan is the pension. But with DB plans, rapid changes in longevity have pushed the majority of funds into…
The Canadian Federation of Independent Businesses (CFIB) say one of the main reasons their members don’t offer a retirement savings vehicle is the cost burden.