Industrial Alliance has launched of SecurOption - Lifetime Retirement Income, a new guaranteed lifetime retirement income option that is added to its group retirement savings…
In his 2012 article, “Too complex to depict?”, Professor Henry Hu of the University of Texas Law School asks whether “too-big-to-fail” banks are too complex…
Canadians who receive DB pensions are much less likely than other retirees to collect the federal government's Guaranteed Income Supplement, according to a newly released…
Due to mistakes made by Scotiabank on a routine RRSP transaction, a man in Nova Scotia was recently saddled with a tax bill of $35,000—which…
Reform of Canada’s public sector pension plans is no longer limited to active employees—increasingly governments are willing to address expensive components of retiree pensions as…
A pension crisis looms in Canada. Today’s young couples are facing privation in their 70s—and, likely, 80s and 90s, as our lifespans expand dramatically. Compulsory…
It looked as if the long wait for higher interest rates was finally over back in May. That’s when U.S. Federal Reserve Chief, Ben Bernanke,…
British Columbia's public sector pension plans result in a higher rate of retirement savings for their members compared to other B.C. residents, according to a…
Prince Edward Island plans to make changes to its public sector pensions, including eliminating guaranteed cost-of-living adjustment increases.
Although many of Canada’s small businesses feel responsible for their employees, few of them provide health and retirement benefits, according to the 2013 Manulife Financial…
The Government of Ontario is considering a supplementary pension plan for the province's residents, according to newspaper reports.
Recently, the Quebec Committee on Public Finance held consultations and offered proposals on the D’Amours report, a government-mandated study that examines Quebec’s retirement system and…
There has been an increase in the number of American plan sponsors whose primary focus is on improving the retirement readiness of their participants, according…
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…