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 Society had already been operating for almost 40 years by that point. Founded in 1939 in Saskatoon, the society’s pension plan is one of the country’s oldest and largest defined […]
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 submission for the 2018 federal budget. With more Canadians moving into capital accumulation plans, people need to have better options available to help secure their retirement, wrote the organization, noting there’s […]
The gross income replacement level of capital accumulation plans has remained steady for both males and females over the previous quarter, while increasing investment returns were offset by a slight decrease in annuity rates, according to Eckler Ltd.’s capital accumulation plan income tracker. The tracker assumes the member made annual contributions at a rate of […]
A recent Benefits Canada pulse survey teases out the risks that really keep pension funds up at night.
Head of pensions looks to reduce risk from its inflation-linked DB plans.
Loblaw Companies Ltd. has purchased annuities from Sun Life and BMO Insurance to reduce risk from its inflation-linked defined benefit pension plans. Read: Is it time to permit deferred annuities? The transaction, which amounted to about $350 million, is one of the largest completed in Canada, said Marco Dickner, retirement risk management leader at Willis Towers […]
Canadian pension plans should expect a decrease in returns across all asset classes and a weakening in investment opportunities in 2017, according to an economic outlook briefing hosted by Willis Towers Watson in Toronto on Thursday. “ . . . The strength we’ve been seeing for a very long time is coming to a close. […]
Canada’s pension and tax regulations need to be updated to address the lack of decumulation options for the growing number of Canadians nearing retirement, according to Kevin Fahey, chair of the Pension Investment Association of Canada. In a letter sent to Finance Minister Bill Morneau this week, Fahey noted that, while the regulations for capital […]
Conference highlights and agenda ready for viewing.
Many cheered when the federal government lowered the minimum RRIF withdrawals in the 2015 budget, reports Advisor.ca.