In a move that has drawn significant attention in the pension community, Quebec has introduced a potential solution to a major conundrum for employers: how…
General Motors plans to sell 20- and 30-year notes to make a payment on its huge U.S. pension obligation for hourly workers. The Detroit company filed…
Canadian pension plans finished 2015 in positive territory with an annual return rate of 5.4%, according to a report by RBC Investor & Treasury Services.…
Better strategic design of group retirement plans and raising contribution rates can help employers improve employees’ retirement savings, according to the 2015 Capital Accumulation Plan…
Group Marcelle has acquired Lise Watier Cosmétiques with an $18-million investment by pension fund Caisse de dépôt et placement du Québec. The acquisition by the Canadian cosmetics…
After a six-year legal battle, it’s finally time for the former employees of the bankrupt technology firm Nortel Networks to learn what to do with their…
The CPP Investment Board and a partner are jointly buying six seniors housing properties in Florida for US$555 million. The Toronto-based retirement fund manager will…
Canadian retirees are living on 62% of the income they had before retiring, according to a new report. The Sun Life Financial Retirement Now Report…
The Canada Pension Plan will be enhanced in 2016, says federal Finance Minister Bill Morneau. “Our goal is to work together with all provinces and…
The Ontario Chamber of Commerce and the Canadian Federation of Independent Business are just two of the organizations encouraged by the provincial government’s announcement Tuesday…
The vast majority (92%) of pension funds are planning to upgrade their governance model over the next 12 months, according to new research by State…
Some 1,200 employees and retirees of Co-op Atlantic are facing a 30% reduction in their pension. According to pension administrator Eckler, which was appointed after Co-op Atlantic filed…
The Association of Canadian Pension Management is welcoming today’s announcement of a one-year delay to the Ontario Retirement Pension Plan. “We welcome it,” says ACPM…
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…