When the pension reform process started about seven years ago, the focus was on pillar three, meaning employer-sponsored pension plans. It was hoped that a…
Expanding the Canada Pension Plan (CPP) and establishing an Ontario pension plan are key for fixing the province’s retirement income crisis and boosting its economy,…
The financial health of corporate America's largest pension plans improved significantly in 2013 as funding improved to a level not seen since the start of…
The biggest challenge for DB pensions isn’t the cost, but the volatility.
While public debate has mainly focused on the "gold-plated" defined benefits of many public-service pension plans, a C.D. Howe report says the real problem lies…
The year 2013 resulted in fantastic news for DC plan members: great returns from most asset classes and increases in interest rates, translating into both…
Americans’ confidence in their ability to afford a comfortable retirement has recovered somewhat from the record lows of the past five years, but it does…
Pensions help not only provide retirees with the financial support they need but also provide a benefit to the overall economy.
The introduction of the National Employment Savings Trust in the United Kingdom has increased pension membership.
Ontario has exempted American government securities from the pension law 10% diversification limit, according to a Pension Alert from Borden Ladner Gervais.
The Office of the Superintendent of Financial Institutions has issued a guide to inform the pension industry of its current filing and reporting requirements for…
The Canadian retirement system is unproductive and inefficient, but how do we tame this administrative beast without toppling the entire system? Taming it requires simplicity,…
In the third quarter of 2013, the market value of Canada’s employer-sponsored pension funds grew 3.1% to $1.3 trillion, according to Statistics Canada.
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…