The value of retirement assets of Canadians aged between 55 and 64 without an employer pension is “wholly inadequate” at an overall median value of just $3,000, according to a new report. An Analysis of the Economic Circumstances of Canadian Seniors, by statistician Richard Shillington of Tristat Resources and released by the Broadbent Institute, found that, […]
The Portfolio Management Association of Canada is adding its voice to groups calling for a delay to the introduction of the Ontario Retirement Pension Plan. In submissions this week to Finance Minister Bill Morneau in advance of the upcoming federal budget, the association representing more than 220 investment management firms urged the federal government to […]
The Government of Ontario did something right when it decided to exempt certain DC plans from the Ontario Retirement Pension Plan (ORPP). Benefits Canada surveyed Ontario DC plan sponsors before the province revealed the ORPP’s design details, and 68% of them opposed the plan. Some respondents went as far as to say they’d adjust or eliminate their plans if DC plans weren’t considered comparable.
Worried about your DC plan members outliving their savings? Take a closer look at your decumulation options.
We are all familiar with the expression “the long arm of the law.” However, few laws’ arms are longer than that of the U.S. Foreign Account Tax Compliance Act (FATCA). Administrators of Canadian pension plans and financial institutions that hold or invest pension assets learned this last year when FACTA came into force on July 1, 2014.
Proposed changes to the pension plan investment rules signal good news for ETFs
Ambachtsheer's proposed retirement income fix.
Download the PDF to read more Retirement Trends Whether it’s adopting new technology, developing different investment options or taking novel approaches to education, the pension plan industry is always changing. The 2013 Retirement Trends report looks at many of the issues and innovations in the defined contribution space. It covers everything from investing in real […]
The drive to enrich Canada's main public pension plan took a major step forward Monday with an agreement by federal and provincial ministers to look to ways of enriching the plan once the economy improves.
Just two years ago, on July 12, 2010, the new GST/HST legislative regime that affects pension and other employee benefits plans was passed into law. The new rules are painfully complicated, and there are lessons to be learned from the trials and tribulations of achieving compliance with them.