Guardian Capital is forming a collaboration with Moshe Milevsky, a professor of finance at York University’s Schulich School of Business, that focuses on retirement finance. As an academic, Milevsky is currently working on research on the intersections of financial engineering, actuarial science, insurance contingent claims and wealth management, according to a press release. “There is an acute need for innovation […]
Retirement income can be sliced into three broad categories: what an individual receives from their employer, what they receive from the government and everything else. While plan sponsors are naturally most concerned with what they provide for plan members, including all forms of income in the conversation is integral to properly planning for retirement, says […]
Toronto-based digital well-being solutions provider Sprout is acquiring Calgary-based predictive health-data analytics company Vivametrica Ltd. Vivametrica analyzes, measures and predicts health risks, potential outcomes and longevity with data from wearable technology and other personal sensors. Sprout previously partnered with Vivametrica on its health risk assessment solution. Read: Taking big data to next level key to […]
While many Canadians can’t wait to start drawing down Canada Pension Plan benefits when they turn 65, it’s important to consider whether that’s the right move Bonnie-Jeanne MacDonald, director of financial security research at Ryerson University’s National Institute on Ageing Delaying CPP is the safest, most inexpensive approach to receiving more secure retirement income. Yet […]
The Canada Pension Plan enhancements are a strong start but the country needs to do more to help people prepare for retirement, according to a new report from Ryerson University’s National Institute on Ageing. The paper — authored by Keith Ambachtsheer, director emeritus of the International Centre for Pension Management, and Michael Nicin, executive director of […]
Life expectancy at age 65 has marginally increased for Canadian men while remaining stable for Canadian women, according to new data from Statistics Canada. It found life expectancy for Canadian men at age 65 increased to 19.4 years in 2018, up from 19.3 in 2017. In comparison, for Canadian women at age 65, life expectancy […]
The Co-operative Superannuation Society Pension Plan is making a deal with the Co-operators Group Ltd. on a longevity insurance agreement to protect its annuity offering. “CSS is very proud to have been providing an in-plan annuity option to our members for close to 50 years,” said Martin McInnis, executive director of CSS, in a press […]
The Iron Ore Co. of Canada has purchased a $560 million group annuity buy-in that covers more than 3,700 defined benefit plan beneficiaries and current retirees. The transaction with Sun Life Financial and Morneau Shepell Ltd. represents the largest Canadian same-day deal with a single insurer, according to a press release. “We continue to see these transactions […]
There are some major disruptions and challenges facing humanity. But, where there are challenges, there can also be opportunities. One example of a disruptive trend is aging, with people living longer. “That’s going to have, I think, pretty big implications for pension plans because we’re going to have to keep paying those benefits even more […]
North American envelope marker and marketer, Supremex Inc., is purchasing a $46 million group annuity buy-in with RBC Life Insurance Co. The deal covers 361 defined benefit plan pensioners, beneficiaries and deferred vested members. It comes on the heels of an almost $7 million transaction made in June 2018 for a smaller group of members […]