Among the touted benefits of auto-enrollment features in a capital accumulation plan (CAP) is the assumption—and hope (fingers crossed)—that plan members who contribute to their…
Saving for retirement means taking a lesson from the airlines As August draws to a close—the summer road trips and European vacations over—parents will be…
To help their plan members prepare for retirement, DC plan sponsors need to complete the accumulation-to-de-accumulation cycle Retirement security for Canadians is clearly one of…
Last year, S&P 500 companies posted record shortfalls in their pensions and other post-employment benefits, threatening to leave America’s future retirees empty-handed.
As longevity increases and workplace pension plans decline, an alarming number of Canadians believe they are better equipped for a long retirement than they actually…
Sometimes the easiest questions to ask are the most difficult ones to answer. Here’s the easy question to ask: where do we begin the next…
Pension assets remained unchanged during the second quarter of 2013, as a spike in interest rates in June negated advances in April and May.
Up to the late-19th century, everyone provided for his or her own retirement either by saving or by using “The Waltons method” of having large…
At last week’s Council of the Federation meeting, Canada’s premiers discussed the retirement income system and the importance of continued efforts to ensure future seniors…
In an effort to plug a solvency gap without cutting benefits, the Anglican Church of Canada is urging its pension plan members to approve a…
Key inflection points in history are seldom appreciated for what they are until considerable time has passed. An extreme example is Zhou Enlai’s response when…
The Canadian Labour Congress says it’s time for the provincial and territorial premiers to ask the federal government to expand the Canada Pension Plan.
Diversified pooled fund managers posted a median return of 0.1% before management fees in the second quarter of this year, according to Morneau Shepell’s Performance…
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…