The federal government recently released Bill C-25, the Pooled Registered Pension Plans Act. This draft legislation is receiving praise for helping to close the pension…
The last actuarial report on the Canada Pension Plan (CPP) estimated that 38% of Canadians in 2010 started receiving their CPP at age 60. Another…
According to many commentators, the Indalex case turns accepted law on the priority of debtor-in-possession (DIP) and working capital security on its head, and introduces…
I got into this industry, as most people do, by accident,” admits Toronto-based Keith Ambachtsheer, who today is well known for his ideas on pension…
On November 17, the Pooled Registered Pension Plan Act was tabled in the House of Commons. The explicitly stated purpose of the Act “is to…
Canadian banks are opposing a push by OMERS to manage PRPPs, reports Bloomberg News.
The newly re-introduced Pooled Retirement Pension Plan (PRPP) may be touted as the cure-all for all Canada’s flailing retirement savings system, but a rather unimpressed…
The federal government this morning introduced the much-anticipated Pooled Registered Pension Plans (PRPP) Act to address concerns over declining pension coverage for Canadians.
A leaked white paper has revealed the European Commission’s suggestions for pension reform, reports Investment & Pensions Europe (IPE).
The government of Nova Scotia has introduced a new Pension Benefits Act, which would enable private sector pension plan members and retirees to know more…
Like most western countries, the level of pension savings in Canada is a major issue for the government, and increased life longevity is driving concerns…
Born in 1946, the first wave of Canada’s baby boom generation will be 65 years old in 2012. If they haven’t saved enough for retirement,…
Under the current Canada Pension Plan (CPP) rules, employees and employers are not required to pay CPP contributions for employees who are working while collecting…
Federal tax rules are preventing many Canadians—especially those in the private sector—from saving enough for retirement, according to a report released by the C.D. Howe…
New Democrat Pension Critic Wayne Marston reintroduced legislation today to put pensioners ahead of creditors when their former employers go bankrupt. The proposed Pension Protection…
The Canadian Federation of Independent Business (CFIB) says governments across Canada should follow New Brunswick’s lead and begin reviewing their public sector pensions. “We’ve been…
Last December, I wrote an op/ed article in the Financial Post asking CPP expansionists to “Dial down the rhetoric on pensions” (FP Comment, Dec. 22,…
The Office of the Superintendent of Financial Institutions Canada (OSFI) has released a policy advisory to provide further detail on its expectations with respect to…
United Steelworkers members and widows of members in Sudbury are lobbying for changes to Ontario’s pension legislation. Their concern is that the current legislation is…
The Institute for Research on Public Policy recently published a paper by economist Keith Horner entitled A New Pension Plan for Canadians: Assessing the Options,…
According to Statistics Canada, there are almost 3,000 registered pension plans in Canada with members in more than one province—hence the need for a national…
Watch this video Since the announcement of pooled registered pension plans (PRPPs) by the Federal government, plan sponsors and industry experts have been supportive of…
The end of this month marks the deadline for filing the first round of GST/HST 494 returns for the pension industry. With barely a week…
The last decade has been unpleasant for DB pension plans, even before the 2008 market crash. The Great Recession further exacerbated these challenges as global…
A Buck Consultants Advisory out today reminds pension plan sponsors that Ontario and Quebec multi-jurisdictional plans will be subject to the new Agreement Respecting Multi-Jurisdictional…