While defined contribution plan members want to know they’ll have stable income through retirement with flexibility around accessing their funds, the Canadian market needs to evolve to include a broader range of retirement products to accommodate that. According to a Mercer survey of 1,000 Australians over the age of 55, DC plan members most want an […]
The Desjardins Group pension plan is acquiring a portion of EDF Renewables Canada Inc.’s stake in the Cypress Wind Project, pending the completion of its construction and other terms and conditions. Located southeast of Medicine Hat, Alta., the project will include 48 turbines with a combined capacity of 201.6 megawatts. Construction is expected to start in […]
The outsourced chief investment officer market is growing with low barriers to entry contributing to the number of players of all sizes in the space, according to research by U.S.-based institutional investment consulting firm Callan. In evaluating the work of an OCIO, plan sponsors and other institutional investors should go well beyond simply looking at investment results, noted the research. “While […]
The number of women in Canadian registered pension plans reached a record high of 3.2 million as of January 2018, bringing them up to 50.5 per cent of plan members, according to new data from Statistics Canada. It also found the number of Canadians in registered pension plans surpassed 6.3 million in 2017, increasing by 62,800 members, […]
The union representing about 8,000 Canadian border and intelligence officers and investigators is calling on the Treasury Board of Canada Secretariat and Canadian Border Services Agency to provide its members with a so-called 25-and-out retirement option. The Public Service Alliance of Canada’s Customs and Immigration Union has been in negotiation with the two federal agencies since […]
An expert panel on sustainable finance is advocating for the government to implement a number of recommendations, including some related to pension plans and individual retirement savings accounts. For defined contribution plans, other group pension programs and registered retirement savings plans, the report suggested offering tax-based financial incentives for people who invest in accredited climate-conscious […]
The OPSEU Pension Trust is partnering with James Evans & Associates Ltd. to launch an online services portal for its members. The OPTrust selected the Canadian pension software company’s member portal for the experience it will offer plan members and employers, noted a press release. The OPTrust is a minority shareholder in JEA. Read: OPTrust Select welcomes first members […]
The market value of Canadian trusteed pension fund assets decreased by 1.3 per cent in Q4 2018 compared to the previous quarter, landing at $1.87 trillion. Yet, on a year-over-year basis, the market value of assets rose by 1.6 per cent compared to the fourth quarter of 2017. The strongest area of growth was mortgage […]
Getting a sense of what industry peers are doing and what they think of the plan’s work was an important reason why the College of Applied Arts and Technology pension plan entered Benefits Canada‘s 2018 Workplace Benefits Awards, according Derek Dobson, its president and plan manager. “It’s always good to get industry and peer feedback,” he says. “Every […]
While there isn’t reliable data on just how many people are disconnected from their old pension plans, the federal government says the number could be rising with people switching jobs more often, qualifying for plans faster, retiring abroad more often and not updating their mailing address because of increased reliance on online accounts. Administrators not […]