Canada’s workplace pension system is going through a recalibration due in part to an aging population and demographic shifts, declining coverage and unpredictable financial markets.…
Pension funds should hire highly qualified candidates to manage investments even if it means paying them handsome six-figure salaries, pension expert Keith Ambachtsheer said at…
Canadian employees born after 1971 can expect to receive a rate of return of just 2.1 per cent on their Canada Pension Plan contributions, according to a…
The median solvency ratio of Canadian defined benefit pension plans stood at 86.1 per cent at the end of April, an increase of 2.4 percentage…
Canadian pension funds are falling behind their international peers when it comes to climate change risk management, according to an annual report released yesterday. “Climate…
As the drive towards target-benefit pension plans continues to make headway in Canada, litigation risk for their sponsors is on the rise. The jurisprudence is…
In the 25-year history of the goods and services tax, its application to investment fees has been the subject of a series of battles between the…
The southern Alberta division of the Canadian Corps of Commissionaires has changed its defined contribution pension provider and structure in a bid to offer its 1,600 employees a…
A growing number of pension plan administrators are dealing with with the onerous task of tracking down missing plan members who have retired, according to speakers…
U.S.-based yogurt-maker Chobani is handing out shares worth up to 10 per cent of the company to its 2,000 full-time employees. In a letter sent…
OMERS private equity, the private equity arm of the Ontario Municipal Employees Retirement System, has agreed to sell baked goods company Give and Go Prepared…
One-fifth (21 per cent) of employer respondents to a recent survey by the International Foundation of Employee Benefit Plans provide financial or retirement education programs in the workplace…
The Canada Pension Plan Investment Board and European private equity firm Cinven have announced an agreement to acquire Hotelbeds Group, a global provider of travel…
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…