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…
We’ve all heard over and over again that Canadians spend more than they earn, a trend that has been around for a couple of generations.…
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,…
Brookfield Asset Management has launched a wholly-owned subsidiary called Brookfield Annuity Co., the first company in Canada to specialize in providing group annuity solutions for…
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…
A House of Commons committee is recommending the government look for ways to deal with the solvency of Canada Post’s defined benefit pension plan, including…
Saskatoon transit workers have withdrawn their job action, which included work to rule and a ban to overtime, after a majority ratified a collective agreement…
Despite the fact that 59 per cent of generation Xers have saved some of their income for retirement in 2016, just 35 per cent of…
The Financial Services Commission of Ontario has given final approval for the merger between the Royal Ontario Museum pension plan and the Colleges of Applied…
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…
How far are Canadian pension plans along on the path to de-risking? And what does the journey look like? Those were among the questions explored…
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…