The Canadian Bankers Association (CBA) is calling on the provinces and territories to enact legislation that would provide access to pooled registered pension plans (PRPPs) for small businesses and the self-employed.
Bill Wilkerson’s career has been a series of accidents, he says, starting with the day he was expelled from high school for starting a water balloon fight during his senior year, in 1962.
The Caisse de dépôt et placement du Québec is making headlines for its interest in two projects: a building in New York City and a piece of a proposed railway through Quebec’s north.
British Columbia is the most recent province to take a stand against workplace bullying. Amendments to the province’s Workers Compensation Act came into effect on July 1—meaning employers could now be on the financial hook for emotionally harmful work environments. The new legislation amends the act’s definitions of harassment and injury, and enables workers suffering […]
Despite the financial chaos in Europe and weak pension returns over the past quarter, Canadians seem to be feeling pretty good. According to a survey by the Brussels-based International Trade Union Confederation, Canada is one of the most optimistic countries when it comes to outlook on the state of the economy.
New Brunswick could be paving the way for pension reform. The province’s new pension legislation, introduced in May of this year, became law earlier this week.
Bill C-25, the Pooled Registered Pension Plans Act, received Royal Assent yesterday, moving the legislation another step closer to becoming law. Federal tax legislation still needs to be passed, and regulations will soon be published to address provisions of the Act.
UK's Akzo Nobel signs a £1.4-billion longevity insurance contract with Swiss Re.
Outsourcing has long been used as a way for companies to minimize costs and maximize efficiencies. However, one market where outsourcing has been less common, particularly in Canada, is the financial industry. But that may be changing, according to a recent research by State Street.
There's no question longevity risk has become increasingly front of mind for pension plans. But it looks like our neighbours across the pond may have a leg up in hedging against the risk.