It was, literally, a big deal when the Canadian Wheat Board (CWB) off-loaded the risk of its underfunded DB pension plan to Sun Life Financial with a $150-million group annuity purchase. Steering this complex deal seemed impossible at times—no Canadian pension plan had bought an inflation-adjusted group annuity before. But the Winnipeg-based grain marketer plowed […]
The debate about whether to increase the size of the Canada Pension Plan (CPP) benefits through higher contributions is heating up as the country awaits an important meeting of the finance ministers where the issue will be on the agenda. While some say an expanded CPP will provide retirement security for all Canadians, others argue that it will end up subsidizing people who don’t need help.
Technology will continue to transform Canada’s healthcare landscape, but, in the mean time, certain innovations—including some that have permeated other aspects of modern life—remain underused in the country’s medical field.
Old-age poverty is increasing in Canada, albeit slowly, and government money accounts for a small share of retirement incomes, according to newly released figures.
With the financial crisis behind them, are investors ready to re-risk? We brought together money managers and consultants in a virtual roundtable to discuss whether Canada’s institutional investors are, once again, exploring this space.
With the growth of DC pension plans, Canada is moving toward a retirement system that requires people to have financial acumen.
As DC pension plans become more prevalent in Canada, DC sponsors have been focusing primarily on the accumulation and management of assets for active plan members. However, with more DC members approaching retirement, sponsors also need to focus on how the assets accumulated in DC plans will be paid out to beneficiaries and what legal complications can arise.
Leadership plays a key role in the companies that have made it to the newly released list of Canada’s top 100 employers for 2014, according to the organizers of the ranking.
Compared to their foreign counterparts, Canadian pension funds invest less in alternative assets largely because of a more cautious attitude, insufficient knowledge of the asset class and implementation barriers.