The DB pension plans received by most Canadian employees in the public sector are draining the finances of provincial governments and taxpayers, so these plans…
Amid low interest rates and a slow economic recovery, the income of capital accumulation plan members in Canada has declined significantly over the past few…
At a time when more employers are finding it difficult to fund DB plans and many workers lack the financial acumen to successfully direct their…
Canada is seeing a striking discrepancy in pension benefits between public and private employees, a trend that threatens to create two classes of retirees, a…
Canada’s workplace DC pension plans continue to struggle. Higher employer contributions can offset that trend, but they’re generally not taking place, leaving the onus on…
OMERS is studying the draft report by the Canadian Institute of Actuaries indicating that Canadians are living longer.
Statistics Canada finds that the market value of Canadian employer-sponsored pension funds totaled $1.2 trillion at the end of the first quarter, up 3.9% from…
To boost engagement, CAP sponsors need to focus on their clients: plan members
Aon Hewitt has launched a website dedicated to target benefit plans for plan sponsors as well as industry and government leaders.
Hybrid plans could become almost as popular as DC plans in the United States by the end of the decade, according to a report.
The accounting deficits of DB pension plans in the United Kingdom increased over the month of August.
Manulife Financial is the first Canadian company to be issued a license to administer federal pooled registered pension plans.
While volatility in financial markets continues to pose a challenge to DC plan sponsors and members, the initial panic that followed in the wake of…
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…