One province is finally listening to Minister of State for Finance Ted Menzies’ persistent call to take action with pooled registered pension plans (PRPPs). The…
The Caisse de dépôt et placement du Québec announced yesterday that it earned a 9.6% return on assets in 2012. The return beat the plan’s…
Working Canadians may worry about whether they’re saving enough for retirement. But the majority of already-retired Canadians are happy with their post-work years, according to…
Roughly one in five Canadians age 50 and older doesn’t know how much they have saved for retirement, according to the results of a new…
The Canada Pension Plan Investment Board (CPPIB) saw its assets grow in its fiscal third quarter, backed by strong returns from global equity markets. For…
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…
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 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…
Despite some heightened volatility in the fourth quarter of 2012, Canadian pension plans were buoyed by global equity and real estate returns, according to data…
As the RRSP contribution deadline approaches, many Canadians are debating whether to invest in an RRSP or a tax-free savings account (TFSA). A BMO study…
A new survey from Desjardins Insurance has found that an overwhelming number—86% of respondents—intend to gradually transition into retirement rather than leaving the workforce abruptly,…
Changing rules in China around social security participation for foreign workers and maternity pay requirements have implications for employers operating in the country, according to…
A new CIBC poll suggests that a majority of Canada’s retirees feel they are currently living the retirement they hoped for today. However, some are…
Due to recent gun violence in the U.S., the California State Teachers’ Retirement System (CalSTRS) Investment Committee made a socially responsible investment decision to divest…
Many pension plan sponsors hear from members that one of their biggest challenges is finding room in their finances to make regular plan contributions. Canadians…
Industry Insight What political/legal developments will be most influential to Canada’s pension and benefits landscape in 2013? Mike Sullivan, president, Cubic Health: “In July 2012,…
What is the leading advice Canadian retirees would offer to working Canadians who expect to retire in their 60s? Start saving now. Results from the…
Sonia Mak, a partner with Borden Ladner Gervais, LLP, identifies key considerations for administrators of pension and benefits plans that help to evaluate potential outsourcing…
As part of ongoing pension reform initiatives, pension legislation in various Canadian jurisdictions is being amended to accommodate a new pension plan design feature, commonly…
When global HR consulting firm Mercer decided in November 2012 to transfer much of its Canadian pension and group benefits outsourcing business to competitor Morneau…
Employees are staying into the workforce for much longer than their parents and grandparents did. There are both social and financial reasons driving this trend.…
Sun Life Financial Inc. today announced that Delaware Life Holdings—a company owned by shareholders of Guggenheim Partners—will purchase Sun Life’s domestic U.S. annuity business and…
More than four years have passed since expert commissions in Ontario, Alberta, B.C. and Nova Scotia all endorsed target benefit plans (TBPs). TBPs are generally…
For employers that sponsor group retirement plans, the puzzle of how to get employees to make the most of their plans continues to be pieced…
When interviewed, Michael Worb jumps right into the driver’s seat by posing his own questions. An inclination to be both sociable and take charge is…