After five years of work and many millions of dollars, the Alberta Pension Services Corp. turned on its new pension administration system on May 30, 2016.…
While the Canada Pension Plan deal has effectively cancelled the Ontario Retirement Pension Plan, the provincial Liberal party is still tallying up its total costs…
American men outpace women when it comes to retirement readiness, a study by Aon Hewitt study found. As a result, they’ll be able to retire…
Six public pension plans from Quebec City, with combined total assets of approximately $2 billion, have joined the Caisse de dépôt et placement du Québec.…
Robo-advisors represent the latest evolution of financial advice services and reflect the larger trend towards financial technology. By using software algorithms to assess investor risk…
The focus on financial literacy took an upswing in 2014 when Canada’s first financial literacy leader, Jane Rooney, met with stakeholders and held consultations across…
Ottawa has reached an agreement in principle with most of the provinces to expand the Canada Pension Plan for the first time in nearly 20…
Amid the worries about the financial impact of a potential British vote to leave the European Union on June 23, what would the effect be on institutional investors…
Now that the finance ministers have reached an agreement on Canada Pension Plan expansion, you’d think we could all breathe a sigh of relief and…
Once Canadians have graduated from high school or postsecondary education, there isn’t really a formal environment that supports and facilitates group learning around issues like…
Mat Cybula is used to people peppering him with questions when he tells them what he does for a living. “Whenever we go out, I’m…
Much like the Greek philosopher Diogenes of Sinope and his search for an honest man, pension plan stakeholders have been seeking a sustainable plan design…
For all of the talk of a looming pension crisis in Canada, a strong majority of current retirees feel positively about their post-work life. 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…
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…
Marcie Frost, chief executive officer at the California Public Employees’ Retirement System, is receiving a significant bonus that will boost her compensation to more than…
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…