Despite rising concerns about inflation and the war in Ukraine, the funded position of a typical Canadian defined benefit pension plan improved slightly on both a solvency and accounting basis in February, according to a new report by LifeWorks Inc. In February, the solvency of the average DB pension plan rose by half a per […]
An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. B.C. paramedics seeking enhanced mental-health benefits 2. Canadian pension plans overcoming legislation, governance challenges: webinar 3. Ontario’s DB pension plans should take steps […]
With Ontario’s defined benefit pension plans in their best financial shape since 2009, the Financial Services Regulatory Authority of Ontario is advising plan sponsors and administrators to better prepare for the future. “They need a good sense of investment policies as well as how the plan itself may be affected [by different scenarios],” says Lester […]
Nearly two years after the declaration of the global coronavirus pandemic and its subsequent impact on the worldwide economy, institutional investors are looking to the future with cautious optimism. Amid a recovering economy and rising inflation, pension plan sponsors are taking a long-term investment view and staying the course in the year ahead, while incorporating […]
The average Canadian defined benefit pension plan saw improvements on a solvency and accountancy basis in December, according to LifeWorks Inc.’s latest monthly report. It found the average plan saw its solvency index rise to a new high of 112.1 per cent, up from 110.4 per cent at the end of November. Its balance sheet […]
The average solvency ratio of Canadian defined benefit pension plans in Mercer’s database grew by seven per cent in 2021, according to a new report by the consultancy. The report, which looked at the overall performance of more than 500 Canadian DB plans in 2021, found, at the end of the year, the plans’ average […]
The average Canadian defined benefit pension plan saw its funding position deteriorate slightly on both a solvency and accounting basis in November, according to a new report by LifeWorks Inc. According to the report, the index covering the estimated average DB plan saw its solvency ratio dip, from 111.5 per cent to 110.8 per cent. […]
With defined benefit pension solvency reforms gradually coming in across the country, two experts debate whether there’s a better way to ensure DB plan sustainability and security. Todd Saulnier, vice-president, the Association of Canadian Pension Management’s board of directors The answer is mostly yes. A floor of 85 per cent of solvency liability might be […]
The Association of Canadian Pension Management is calling on Retraite Québec to review its draft amendment of a regulation governing supplemental pension plans. In a letter to the pension plan administrator, the ACPM said that a section of the amendment — stating that recovery measures in the event of insufficient contributions to a target-benefit pension […]
The average Canadian defined benefit pension plan saw improvements on a solvency and accountancy basis in October, according to LifeWorks Inc.’s monthly report. Its monthly report on DB pension indices found the average plan saw its solvency index rise to 111.5 per cent, up from 108.8 per cent at the end of September and a […]