While nearly three-quarters (72 per cent) of U.K. employees say it’s important their employer offers a pension plan that’s invested according to environmental, social and governance factors, half (47 per cent) say they don’t know whether their pension is invested in this way, according to a new survey by Scottish Widows. The survey, which polled […]
Global pensions assets rose by 4.9 per cent as of December 2024, reaching a record US$58.5 trillion, led by growth in the largest defined contribution pension markets, according to a report by WTW’s Thinking Ahead Institute. Indeed, it found among the seven largest pension markets globally — Canada, the U.S., the U.K., the Netherlands, Switzerland, […]
In 2025, the Association of Canadian Pension Management is focusing on flexible pension plan models amid a backdrop of multiple elections taking place across Canada. Korinne Collins, chief executive officer at the ACPM, says flexibility is needed around decumulation strategies for defined contribution plans and the potential for different income tax treatments for workers looking […]
A fifth (20 per cent) of individuals from generation Z and generation Alpha are open to receiving pension payouts in cryptocurrency, according to a new survey by cryptocurrency exchange Bitget. While it found three-quarters (78 per cent) expressed greater trust in alternative retirement savings options compared to traditional pension systems, a similar percentage (73 per […]
The union representing roughly 435 employees at Ivaco Rolling Mills in eastern Ontario has ratified two five-year collective agreements that include pension and benefits gains. The agreements include pension improvements to the defined contribution pension plan, with pension contributions beginning earlier upon completion of probation and employer matches of up to four per cent for […]
In response to proposed legislation that would introduce the option of variable life benefits in Ontario, the Association of Canadian Pension Management is recommending against regulating plan sponsors to disclose an expected rate of return on contributions made to a variable life benefits fund. In an open letter to the provincial Ministry of Finance, the […]
Implementation of harmonized minimum funding regulations for federally regulated defined benefit pension plans tops the Pension Investment Association of Canada’s list of advocacy priorities in 2025. Currently, DB plan sponsors are operating amid a patchwork of minimum funding regulations across the country, as most provinces have introduced requirements of their own. “A unified ‘going-concern plus’ regime […]
Promoting employee financial awareness and retirement readiness amid the rising cost of living is a priority for the Canadian Public Pension Leadership Council in 2025, says Cheldon Angus, co-chair of the CPPLC and chief executive officer of the Winnipeg Civic Employees’ Benefits Program. “More and more these days, employers are prioritizing their financial literacy education for […]
While Prime Minister Justin Trudeau’s resignation is fuelling uncertainty among Canadians regarding the direction of the country, financial markets have been surprisingly resilient in reaction to the news, says Francis Gingras Roy, a senior financial advisor at Manulife Wealth Inc. He notes when Trudeau announced his resignation last Monday, the TSX ended the day pretty flat. […]
With the start of a new year, there are several developments and trends that will likely impact Canadian pension plan sponsors in 2025. Implementation of regulatory guidelines In September 2024, the Canadian Association of Pension Supervisory Authorities published a new guideline for risk management for plan administrators and an update to their guideline for capital […]