Pension sustainability requires new thinking
The thinking for plan sponsors over the last decade has been to reduce risk, reduce liabilities, get out of DB and move to a DC…
- By: April Scott-Clarke
- February 12, 2013 September 13, 2019
- 10:04
The thinking for plan sponsors over the last decade has been to reduce risk, reduce liabilities, get out of DB and move to a DC…
The impact of the Supreme Court of Canada’s Feb.1 decision in Sun Indalex Finance, LLC v. United Steelworkers (Indalex) on lenders and credit markets has…
During this RRSP season, Canadian pension plan sponsors should consider reminding their members about the important role an RRSP plays in their retirement.
While most investors employ active management in an attempt to achieve market beating performance, I don’t believe investors fully realize just how likely it is…
Pensions at the dinner table, recalls Jane Ambachtsheer of her early years spent with her father, Keith Ambachtsheer, president and founder of KPA Advisory Services…
With all the macro issues that hang over the markets—the European Union’s sovereign debt crisis, China’s industrial slowdown and the limping U.S. economy—it’s easy to…
There’s no debating that employees are stressed when it comes to their personal finances. One-in-four are financially distressed and spend more than an hour every…
The City of Saint John, New Brunswick was beset last year by debate over its gaping $195 million pension deficit, so bad that a consultant…
The Supreme Court of Canada has overturned the Ontario Court of Appeal decision in the Sun Indalex Finance, LLC v. United Steelworkers case, which said…
The removal of the foreign property rule (FPR) in 2005 enabled tax-deferred retirement plans to diversify outside of the country. But many large pension plans…
The benchmark Canadian DB pension plan tracked by Towers Watson’s Pension Index increased by 1.6% in the fourth quarter of 2012, due to positive investment…
According to Sun Life’s 2012 Canadian Unretirement Index, 75% of early baby boomers in Canada (age 57-plus) are now looking for guaranteed income to help…
The federal government introduced pooled registered pension plans (PRPPs) because legislators were worried about the low levels of pension plan coverage in the private sector.…
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…
The International Centre for Pension Management is celebrating 20 years of promoting strong pension governance practices by regularly engaging plan sponsor members, says Sebastien Betermier, the organization’s…
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…
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…