Canadian retirees report a higher degree of financial satisfaction, are more confident in their financial decisions and have less anxiety about retirement compared to those who have yet to retire, according to new research by the Vanguard Centre for Investor Research. Its study, which focused on the transition from work to retirement in Canada, the […]
Newly-elected members of the House of Assembly in Newfoundland and Labrador could be moved out of their defined benefit pension plan to a defined contribution pension plan instead. On Monday, the Liberal caucus chair Randy Edmunds sent a letter to speaker Tom Osborne suggesting the province’s House of Assembly Management Commission explore moving to a […]
CEO is looking for stability over results in 'such an uncertain environment'
As it continues to build an ‘all-terrain’ portfolio, Caisse de dépôt et placement du Québec posted a return of 7.6 per cent in 2016. This is down from 9.1 per cent in 2015 and 12 per cent in 2014. “The world right now has a lot of risk, geopolitically, in particular, and so we will […]
Canada’s health-care union, the Services Employees International Union Healthcare, is introducing a new low-fee, portable retirement plan for its members and their family members. The My65+ plan, which will launch on July 1, 2017, is designed for SEIU Healthcare members with no workplace pension and who earn less than $50,000 a year. It’s registered as […]
When General Electric Co. acquired French multinational Alstom’s energy activities in November 2015, the transaction was via a stock purchase. That meant the whole division joined GE, including six defined benefit pension plans. “We notified employees and applied for regulatory approval to merge the legacy Alstom DB plans into our primary GE Canada DB plan,” […]
With many funds considering co-investments for real estate deals, Canadian pension plans have been particularly eager to embrace the option. Globally, 19 per cent of public pension funds and 15 per cent of private plans make co-investments, according to a report published last year by London, England-based data and intelligence company Preqin Ltd. Those numbers […]
Target-date funds easier, simpler and secure: CAP Benchmark Report
Target-date funds continue to be the most common default investment option offered to members of workplace capital accumulation plans, according to new research by the Canadian Institutional Investment Network and Great-West Life Assurance Co. The 2016 CAP Benchmark Report found 50 per cent of defined contribution plan sponsors and 51 per cent of group registered […]
Pharmacogenomic testing is coming to a pharmacy near you, following a joint venture between the British Columbia Pharmacy Association and myDNA, a genetic interpretation service based in Melbourne, Australia. The partnership, announced Thursday, will enable any pharmacy in Canada to make myDNA’s multi-gene panel test available to patients. The test covers up to 30 per […]