WINNIPEG — As pension plan sponsors consider the best approach to governance, it’s important to look beyond the basic legal requirements, participants at the Canadian Pension and Benefits Institute’s national forum heard on Wednesday. Plan sponsors should consider going beyond the basic issues to more fully determine what they’re aiming to achieve, Eckler Ltd. principal Zaheed […]
Ontario’s Ministry of Labour released a report today that makes 173 recommendations on provincial workplace standards, including employees’ entitlements to benefits. The report suggests numerous changes that would affect employers, says Craig Rix, a partner and employment lawyer at Hicks Morley Hamilton Stewart Storie LLP in Toronto. “Employers will have to start thinking about how they can […]
Canada should consider raising the age of eligibility for public pension benefits in order to persuade more seniors to keep working, argues a new report by the C.D. Howe Institute. It notes with increased life expectancy and the working-age population remaining relatively stable, the growing demand for financial support in retirement could strain social security […]
In its report on employer pension plans in Canada published earlier this month, Statistics Canada noted the overwhelming majority of plan members are in trusteed arrangements. Of the 6.2 million members of employer-sponsored pension plans, 5.2 million are in arrangements managed by trusteed funds. But when it comes to just the defined contribution side of […]
New study shows UK trustees lack clarity on investment fees and costs – what about Canada?
As the government moves forward on enhancements to the Canada Pension Plan, critics are raising concerns about the absence of a dropout clause for parents who temporarily stop working in order to care of their children. The current CPP allows parents to exclude time away from work during child-rearing years when calculating their contributions. It also […]
Canada’s governor general has signed an order in council to bring the Canada Pension Plan enhancements in Bill C-26 into force, marking the final step in implementing the expanded plan, according to a release from the Ministry of Finance. It noted Canada’s provincial governments have now met all necessary legislative requirements to implement the agreed-upon enhancements. […]
Shows a 5.44 per cent drop in returns under most severe scenario.
ACPM consultation response says Fed rules make it tough for pension funds.
AIMA study shows it's getting better.