Canada’s pension legislators need to fix the pension solvency funding system to reflect current realities
There's a growing interest by U.S. plan sponsors in executing pension risk transfer deals.
Barring a miraculous recovery in the next couple of weeks, 2014 will turn out to be a disappointing year for pension plan sponsors, says Mercer.
Pension wealth advanced to $2.85 trillion at the end of 2013, up 11.4% from 2012, says Statistics Canada.
Statistics Canada says the market value of Canadian employer-sponsored pension funds rose for the fourth consecutive quarter, totalling $1.4 trillion at the end of the second quarter.
A report finds that U.S. DB pension plans are a far more cost-efficient means of providing retirement income as compared to individual DC accounts.
The Office of the Superintendent of Financial Institutions has a smaller number of federally regulated pension plans on its watch list.
The solvency position of Canadian pension plans dipped in the third quarter of 2014, according to Mercer.
Bristol-Myers Squibb will settle US$1.4 billion in pension obligations through the purchase of a group annuity contract from The Prudential Insurance Company of America.
Lower long-term interest rates drove down the solvency of Canadian DB plans from July to September. It was the first decline in two years.