A retirement plan can be an effective tool in helping employers attract and retain talent while managing an orderly transition in the workforce. Done properly,…
The Ontario Pension Board, which administers the province’s public service pension plan, had an annual investment return of 8.1 per cent at the end of…
It’s time to bring innovation to federal employee pension plans, Keith Ambachtsheer and Jim Leech wrote in an open letter to Finance Minister Bill Morneau last…
We often hear that to ensure a reasonable chance of having a good retirement outcome from a defined contribution pension plan, plan members should aim…
Saving enough for retirement is a major challenge for many employees, so when a company’s plan design allows its staff to accumulate 15 per cent…
In the course of a merger or acquisition, there are a number of balls to juggle, not the least of which are the changes to…
Each year, employees at Britain’s Barclays Bank make decisions about their benefits and pension plan during the enrolment period. To learn more about their plan,…
When Britain’s former economic watchdog, the Office of Fair Trading, published a report in 2013 about the country’s workplace defined contribution pension market, it was…
Proposed changes to the pension plan for members of the Newfoundland and Labrador legislature have been deferred following objections by the opposition parties. The move…
A payment of $8,400 a month for nine years of service sounds like a fairly good pension benefit. But as a former Alberta government worker…
The Fédération Internationale de Football Association is reviewing payment and pension deals for its council members, who could see their US$300,000 annual stipends cut. “These…
Retirement is an important milestone. In the pension industry, we understand that active planning is critical to members meeting their goals and being able to…
Postmedia Network Canada Corp. is making a number of changes to its defined benefit pension plan, its capital accumulation plans and its benefits plans, according…
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…
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,…
In 2023, the world’s 300 largest pension funds’ assets under management increased by 10 per cent to US$22.6 trillion, compared to $20.6 trillion at the…
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…
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…
From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member survey found plan members’ optimism…
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…
When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…