In 2016, public sector pension plans in the United States lowered the cost of administering funds and paying investment managers to 56 basis points, according…
By the end of January, there will be enough new retirees to fill the Air Canada Centre, Jean-Philippe Provost, senior partner and wealth business leader at…
Many employees look forward to this time of year as they await their bonuses for the previous year. Many employers plan to pay them out before…
2017 is a big year for Benefits Canada as the publication celebrates its 40th anniversary. Over the years, the magazine’s activities have expanded to include…
As Canada’s population ages and concerns about retirement income adequacy mount, employers will need to not only reassess their pension and benefits programs but also…
One of the fundamental questions about the structure of defined contribution pension plans is one that rarely comes up but that has an impact on…
Pension plans, like many businesses, rely on information. While the retention of certain pension plan records is subject to regulation, decisions with respect to the…
Despite the federal government’s plan to move ahead with reforms to the Canada Pension Plan, a recent survey by Aon Hewitt has found only 35…
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…
More than half of the companies in the Financial Times Stock Exchange 100 index would be able to clear their defined benefit pension deficits in less…
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…
In December, a Mercer report found the median solvency ratio for Canadian pension plans increased from 85 per cent at the end of the third…
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…
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…