Pension wealth grows
Pension wealth advanced to $2.85 trillion at the end of 2013, up 11.4% from 2012, says Statistics Canada.
- By: Staff
- December 16, 2014 September 13, 2019
- 11:24
Top Stories in Pensions
More myths about DB and target benefit plans
In our last post, we looked at two of the myths surrounding target benefit plans (TBPs). This time, we look at myths involving unions’ opposition…
- By: Jana Steele and Ian McSweeney
- December 15, 2014 September 13, 2019
- 11:12
Aon Hewitt introduces longevity model tool
Aon Hewitt has announced the Canadian launch of a new tool designed to help DB plan sponsors more effectively understand longevity.
- By: Staff
- December 15, 2014 September 13, 2019
- 09:58
Reflections on decumulation
Decumulation is a trending topic in the pension and broader financial services industries. A Google search on decumulation (and variants) and retirement filtered on Canadian…
- By: Greg Hurst
- December 12, 2014 September 13, 2019
- 11:15
Firms worrying about employees’ retirement readiness
A majority of Canadian employers with DC plans say retirement readiness has become a major issue for their employees and for their organizations.
- By: Staff
- December 12, 2014 September 13, 2019
- 10:48
Employers’ decumulation duties remain unclear
The responsibilities of Canadian DC sponsors during the deculumation phase remain unclear, but they can still help members in a number of ways, experts argue.
- By: Yaldaz Sadakova
- December 11, 2014 September 13, 2019
- 15:53
Pension funds’ market value continues rising
Statistics Canada says the market value of Canadian employer-sponsored pension funds rose for the fourth consecutive quarter, totalling $1.4 trillion at the end of the…
- By: Staff
- December 11, 2014 September 13, 2019
- 11:49
ORPP falls short: CUPE
The Ontario government's pension plan falls well short of the universal, DB retirement security Ontarians need, and are being used as a smokescreen for more…
- By: Staff
- December 10, 2014 September 13, 2019
- 11:30
Most employers contributing to DC plans
A study of 401(k) plans conducted by BrightScope and the Investment Company Institute (ICI) shows that employers are actively participating in their plans. It also…
- By: Staff
- December 9, 2014 September 13, 2019
- 10:54
Ontario introduces ORPP, PRPP legislation
The Government of Ontario has introduced legislation to create the Ontario Retirement Pension Plan and pooled registered pension plans.
- By: Staff
- December 8, 2014 September 13, 2019
- 16:21
How to help plan members with decumulation
Employees nearing retirement have a big decision to make: what to do with their workplace savings. Do they have an efficient drawdown strategy? Plan sponsors…
- By: Lori Landry
- December 8, 2014 September 13, 2019
- 11:20
Stagnation compounds demographic pressure on pensions
Low growth, low interest rates and low returns on investments linked to the slow global economy are now compounding the problems of population ageing for…
- By: Staff
- December 8, 2014 September 13, 2019
- 10:02
Questions over ORPP remain
The Ontario Retirement Pension Plan is scheduled to be implemented in about two years, yet there are still many questions about the plan that remain…
- By: Craig Sebastiano
- December 5, 2014 September 13, 2019
- 11:10
How CAPSA’s updated CAP guideline will impact plan sponsors, members
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,…
- By: Blake Wolfe
- September 24, 2024 September 24, 2024
- 09:00
Report finds world’s 300 largest pension funds’ AUM increased 10% in 2023
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…
- By: Staff
- September 18, 2024 September 18, 2024
- 09:00
How employers can support female employees’ financial, retirement wellness
Brianne Collins, age 29, has worked as a senior copywriter at a large Toronto-based advertising agency for just over a year. Collins’ agency supports employee…
- By: Brooke Smith
- September 13, 2024 September 12, 2024
- 08:57
How are Canadian DB pension plan sponsors making use of surplus funds amid positive funded status environment?
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…
- By: Bryan McGovern
- September 26, 2024 September 25, 2024
- 11:00
Gov’t seeking feedback on solvency reserve accounts for federally regulated DB pension plans
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…
- By: Staff
- September 26, 2024 September 24, 2024
- 11:00
CalPERS CEO pay reaching US$1.2M due to investment performance boost: report
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…
- By: Staff
- September 25, 2024 September 23, 2024
- 15:00
2024 CAP Member Survey: How CAPs are supporting employee financial wellness amid growing economic uncertainty
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…
- By: Blake Wolfe
- September 13, 2024 September 12, 2024
- 08:56
How plan sponsors can support employees going through a divorce
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…
- By: Kelsey Rolfe
- September 13, 2024 September 12, 2024
- 08:54
2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors
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…
- By: Michael McKiernan
- June 21, 2024 June 20, 2024
- 08:55
How Ontario pay transparency legislation will impact employers
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…
- By: Sadie Janes
- December 4, 2023 December 1, 2023
- 09:00
Desjardins using budget workshops, interactive game to support employee financial wellness
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…
- By: Sadie Janes
- November 24, 2023 November 23, 2023
- 09:00
2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members
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…
- By: Kelsey Rolfe
- November 20, 2023 November 15, 2023
- 07:58