During Benefits Canada’s annual DC Plan Summit, plan sponsors participated in interactive sessions. They split into small groups and were given questions to discuss. Based…
Colin Sinclare, managing director, institutional sales — Western Canada, MFS Investment Management Canada shares the best ideas from the topic they discussed.
Ottawa's unfunded liabilities for employee pension plans rose to $272 billion in 2013, far larger than reported, according to a C.D. Howe Institute study.
Catherine Jackman, vice-president, Phillips, Hager & North Investment Management shares the best ideas from the topic they discussed: member education.
Plan sponsors see the benefits of automatic enrollment and continue to adopt it, according to Bank of America Merrill Lynch.
A survey by SEI finds that American DC plan sponsors are evaluating their current target-date funds (TDFs) and considering whether or not custom TDFs are…
Great-West Financial, the American subsidiary of Great-West Lifeco, has reached an agreement to acquire J.P. Morgan Retirement Plan Services' large-market recordkeeping business for an undisclosed…
The funded status of the typical U.S. corporate pension plan declined in March.
In 2013, the largest corporate pension plans in the United States experienced historic improvement, with plan liabilities decreasing by 7.5% and assets improving by an…
Federal public servants have pension guarantees in their DB plans that are mispriced, causing Ottawa to seriously underestimate the cost of the pension plans and…
After 18 months of uninterrupted improvement, the solvency health of Canadian pension plans dipped slightly in the first quarter of 2014, according to Mercer.
More than one-third of closed DB plans in North America are considering or are very likely to carry out a pension risk transfer transaction this…
A Toronto man is accused of fraudulently collecting an estimated $197,000 in Canada Pension Plan and old age security payments.
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…