One of North America’s biggest makers of aluminum foil is seeking bankruptcy protection to restructure, citing falling aluminum prices and other market challenges that also…
In recent years, pension plan sponsors were optimistic about upcoming de-risking activity. In a Towers Watson (now Willis Towers Watson) survey conducted in the summer…
Premier Kathleen Wynne is defending nearly $600,000 the government spent in advertising the Ontario Retirement Pension Plan during the federal election campaign. The Canadian Taxpayers’ Federation…
Employee Financial Well-Being will roll out an online financial education pilot program called Money Ecademy, which is designed to engage and nudge employees towards better financial…
Retirement planning has two equal sides, one in which the focus is saving for retirement (accumulation) and the other in which your focus is managing…
The health of Canadian pension plans suffered the effects of January’s slumping equity markets and declining bond yields, according to tracking results for the month…
New regulations and legislation around plan administration is changing the state of play for pension governance. It is no longer a nice to have; it’s…
Alberta Investment Management Corporation (AIMCo) has appointed Remco van Eeuwijk as chief risk officer, effective May 2, 2016. With more than 15 years of experience,…
Pension plan administrators have a fiduciary duty to invest plan assets prudently and in the best interests of plan beneficiaries. This much, to quote Jane…
Following on from its appointment of a new chief investment officer, the Ontario Teachers’ Pension Plan (OTPP) has made a series of appointments to its investment…
The Canada Pension Plan (CPP) is more costly than five public sector pension plans, according to a new report by the Fraser Institute. The report…
The Canada Pension Plan Investment Board and Quebec’s Caisse de depot are among institutional investors seeking greater transparency from three of the world’s biggest mining…
Mercer Canada has launched an online marketplace that is aimed at revolutionizing the bulk annuity market for defined benefit (DB) pension plans. The Mercer Pension…
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…