The Canadian Association of Pension Supervisory Authorities is developing a framework for defined contribution pension plans to offer variable payment life annuities. In developing the…
Canadian defined benefit pension plans returned 4.4 per cent in the second quarter of 2021, according to RBC Investor & Treasury Services’ latest all-plan universe.…
While the majority of Canadian pension and retirement savings plan sponsors view governance as a top priority, 24 per cent said they haven’t conducted a…
The Financial Services Regulatory Authority of Ontario is releasing final interpretation guidance to support the role and responsibilities of pension plan administrators. The guidance, an updated…
The average funded ratio of the top private sector defined benefit pension plans in the U.S. dipped for the first time since September 2020, according…
A majority (72 per cent) of plan sponsors believe their retirement savings plan is meeting its goals this year, up from roughly 66 per cent…
While many organizations had to press pause on their hiring plans at the start of the coronavirus pandemic, Willful, a Canadian online estate planning company,…
A majority (63 per cent) of U.S. employees said their employer doesn’t offer a financial wellness program, according to a new survey by the Defined…
Institutional investors have a role to play in reconciling Canada with Indigenous people, says a new report by the Reconciliation and Responsible Investment Initiative. “With…
About 900 employees at Rio Tinto Group’s aluminum smelting facilities in Kitimat, B.C. are on strike after Unifor Local 2301 and the company failed to…
The University Pension Plan has selected CIBC Mellon to provide asset servicing, investment operations and plan member services, including custody, institutional accounting, performance and analytics, risk,…
Aon and Willis Towers Watson have agreed to terminate their proposed merger and end litigation with the U.S. Department of Justice. The merger, which was…
As global equities overcame inflationary fears and continued an upward trend, Canadian pension plan investment returns increased during the second quarter of 2021, with the…
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…