The annual contribution room for tax-free savings accounts (TFSAs) recently went up to $10,000, which means Canadians can now use them to build real wealth,…
Aegon, through an affiliate of its Transamerica unit, has reached an agreement to acquire Mercer's American DC administration book of business for an undisclosed amount.
Many commentators assert that people are saving less for retirement as a result of the shift from DB to DC plans.
Employment and Social Development Canada has announced the quarterly benefit amounts for Old Age Security (OAS) for October to December 2015.
The Ontario Chamber of Commerce (OCC) and a coalition of major Ontario employers are calling on the provincial government to outline to the employer community…
The United Steelworkers is seeking a court order to stop U.S. Steel's reallocation of Canadian production to the United States and is condemning a threat…
U.S. Steel Canada says it will be filing a motion with the Ontario Superior Court of Justice seeking an order to continue its operations and…
Retirement is on employers’ minds. Employers are revisiting how they view their retirement programs and how they view their role when active employees become retirees,…
The Canadian Union of Public Employees (CUPE) believes CPP enhancement is a better option than a voluntary CPP.
Liberal Leader Justin Trudeau turned his attention to seniors in Toronto this morning, promising to enhance Canada's pension plan and boost incomes for low-income seniors.
In both developed and developing economies, the risk of poverty in old age falls disproportionately on women, the Financial Times reports.
The Investment Funds Institute of Canada (IFIC) isn't in favour of a voluntary CPP.
Climate change is one of the biggest risks faced by Canadian pension plans and plan managers may be forced into taking public stands to fulfil…
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…