Greece’s leftwing-led government is entering a new round of negotiations with its creditors over progress on the latest bailout program, amid angry union reactions to…
A special group assigned to help deal with a massive backlog of appeals around employment insurance and other social security benefits isn’t winding down anytime…
Sun Life Financial has launched a digital enrolment tool that aims to simplify the way Canadians save for retirement at work. The tool, MAX my…
Since most employer-sponsored plans allow employees to save painlessly through payroll deductions – often with a top-up from the company – the money is invested automatically and…
Canada’s top economists, strategists and portfolio managers expect tepid growth for Canada in the near term, which will result in continued low interest rates, modest…
As the Ontario government continues to forge ahead with its plans for the Ontario Retirement Pension Plan (ORPP) by announcing new details and features this…
More than half (54%) of Canadians are making saving for the long term, including retirement, their primary financial priority, according to a new survey. The…
Employers need to prepare for a new normal in their pension plans as the economy continues to lag and people are living longer, Mercer’s Jean-Philippe…
An investment arm of one of Canada’s large public-sector pension funds says it has agreed to buy a 24.15% stake in Spain’s largest operator of oil…
The Ontario government has announced a series of design and feature details for the Ontario Retirement Pension Plan (ORPP). In a press conference this morning, Ontario…
No matter which position you take on the Ontario Retirement Pension Plan (ORPP), one thing is certain: its introduction offers a unique opportunity to engage and…
Sun Life has completed a combined annuity buy-in transaction valued at $530 million with two Canadian pension plan sponsors to transfer investment, longevity and inflation risk…
The Association of Canadian Pension Management (ACPM) has asked the Ontario government to delay the implementation of the Ontario Retirement Pension Plan (ORPP) by one year. In a letter to…
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…