Despite pension administrators’ best efforts, missing members are a significant challenge for many plans. With no standardized method for searching for them, plans tend to…
Ontario has adopted regulations to make pooled retirement pension plans available to employees in the province, joining British Columbia, Saskatchewan, Quebec, Nova Scotia and federally…
The Ontario government is forming an independent expert panel to deliver advice and recommendations on the appropriate application of accounting standards for the province’s jointly-sponsored…
Although rising costs for pension and benefits plans continue to be a concern for employers, many plan sponsors are finding ways to address the challenges…
Convergint Technologies is hosting what it calls a No Spender November effort this month to encourage its employees to be more aware about their individual…
If you ask me what I remember from taking the careers course in Grade 10, I would only be able to recall that a quiz…
After months, and even years, of buildup and anticipating, Republican nominee Donald Trump is the next president of the United States. Looking at his platform,…
New collective agreements reached between the United Steelworkers union and Canadian Nuclear Laboratories will create a multi-employer, multi-union pension plan for employees affected by the…
The new contract ratified yesterday between Ford Motors Company and Unifor includes a move from a hybrid pension plan to a defined contribution plan for…
The federal government is appealing a B.C. court ruling in a dispute over whether the British Columbia Investment Management Corp. (bcIMC) owes it more than…
Manitoba is launching public consultations to hear ideas and suggestions on enhancements to the Canada Pension Plan. The province had originally opted out of the…
As defined contribution plans mature and members retire, the pension industry may want to look abroad for solutions to the decumulation dilemma, participants at an…
All of Canada’s members of Parliament and the entire cabinet will be forced to make retroactive payments into their pension plans following technical glitches in…
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…