Saskatchewan is known as Canada’s breadbasket, for its ability to consistently produce quality grain. But given that many in the industry have begun paying attention to what’s behind the Saskatchewan Pension Plan’s (SPP) 25 years of steady and reliable growth, the province may also one day be known as the root of Canada’s pension reform.
David Nish took the reins as CEO of Standard Life PLC in January 2010. We spoke to him recently about what he has focused on in his first two years in the role.
The Standard Life Assurance Company of Canada has made three changes to its group and retail offering.
The physical dangers associated with a career in the Canadian Forces are readily apparent. Less obvious, perhaps, is the mental strain faced by military personnel deployed overseas.
Two U.S. surveys reveal that health savings accounts (HSAs) are helping both employers and consumers manage healthcare costs.
The Canadian Federation of Independent Business (CFIB) says governments across Canada should follow New Brunswick’s lead and begin reviewing their public sector pensions. “We’ve been shining a light on the massive cost of public sector pensions for years knowing full well they’re unsustainable,” says Catherine Swift, CFIB president. “New Brunswick’s bold step to dig deep […]
Amid concerns of a global economic slowdown, Canadian pension plans experienced significant losses on both sides of the balance sheet in the third quarter of 2011, according to the Mercer Pension Health Index. The index measures the ratio of assets to liabilities for a model pension plan. It stood at 60% on Sept. 30, down […]
BNY Mellon is facing separate lawsuits from both the state of New York and the U.S. government for allegedly defrauding state and other pension funds through its foreign exchange fees over the past 10 years, according to The New York Times. A civil suit filed by New York state attorney general Eric Schneiderman contends that […]
Pension deficits are on the rise among S&P 1500 companies, according to new figures from Mercer. According to the firm, the combined deficits of pensions sponsored by companies in the S&P 1500 increased by $134 billion in September 2011—from an overall deficit of $378 billion as of Aug. 31, 2011, to $512 billion at the […]
New RBC Dexia-Grant Thornton research.