Macroeconomic trends such as longer lives, a lack of access to pensions and retirement supports, a low-growth environment, and persistent lack of financial literacy and…
The Canadian government will discontinue the Canada savings bond and Canada premium bonds program on Nov. 1, 2017. While existing bonds will continue as usual until they…
The federal government is currently reviewing the discount rates it uses for its pension and benefits obligations, Finance Minister Bill Morneau said in the fall economic statement…
Canada’s retirement system has maintained its B rating on the Melbourne Mercer Global Pension Index, as its overall score rose slightly from 66.4 in 2016 to 66.8…
For those who use the standard four per cent withdrawal rate for retirement savings, it’s time to reconsider the approach. “The four per cent withdrawal rate has…
Ted Rogers School of Management’s National Institute of Ageing has appointed Bonnie-Jeanne MacDonald as its inaugural senior research fellow. In the role, she will conduct…
The environment for pension plans in Canada has changed dramatically in recent years, and the challenges facing plan sponsors are multiplying. The good news is…
Defined contribution plan administrators that want to boost members’ financial behaviour should follow the lead of superstitious sports stars by embracing the surprising power of…
The Global Risk Institute in Financial Services is creating a national pension hub that will be a Canadian centre for pension knowledge and research. It…
The Canadian Institute of Actuaries is consulting with its members on the development of a public statement for policy-makers about what’s next for Canada’s retirement…
Retirement savings products once again led the way in the growth of the life and health insurance industry, according to the Canadian Life and Health…
Financial concerns weigh heavily on employees’ minds both at home and at work, according to a new survey by Ernst & Young. As such, many…
Two-thirds of households are setting aside money for retirement, taking advantage of either a registered pension plan, a registered retirement savings plan or a tax-free…
Nearly half (46 per cent) of working Canadians believe they’ll have to work longer than they’d planned five years ago as a result of not saving enough, according…
While defined contribution plans were a small piece of the pension market when Benefits Canada first rolled off the presses in 1977, the Co-operative Superannuation…
The average income replacement ratio of capital accumulation plans in the second quarter of 2017 has remained stagnant since the start of the year, according…
Legislation requires a defined benefit pension plan to provide members leaving active service with the option of transferring out the lump-sum commuted value of their…
Employees’ retirement plans are affected by how long they stay in the workforce. Whether or not they work past 65 often depends on government policy,…
With research showing that Canadian women are at greater risk of experiencing poverty during their senior years, the Healthcare of Ontario Pension Plan is asking…
Montreal police officers have voted in favour of a new contract that puts an end to a long-running dispute over pension reforms. The city’s police…
A significant number of employers are expressing concern about employees’ readiness for retirement, a new survey by Morneau Shepell Ltd. has found. Conducted in July…
The Canadian Life and Health Insurance Association is recommending a number of ways the federal government can help ensure Canadians’ retirement income security in its…
Retirement is a notion fraught with paradox. For some, it resonates with the possibility of finally having more time to do, well, just about anything.…
Sun Life Financial has created a tool to allow members of its group benefits plans to directly deposit reimbursements for paramedical and certain other medical…
In June, the European Commission proposed a new voluntary pension aimed at helping individuals who move around the continent to save for retirement. If passed,…