In an effort to plug a solvency gap without cutting benefits, the Anglican Church of Canada is urging its pension plan members to approve a three-year funding extension.
Forget all the gloomy talk about Canada’s aging population putting a strain on public finances. Future seniors here are actually getting younger, a trend that makes it desirable for them to keep working past the retirement age and embrace second careers. This is according to a new e-brief by the C.D. Howe Institute.
A European Union directive that aims to regulate the region’s alternative investment fund managers enters into effect today, but a survey reveals that many managers are still uncertain about its requirements and afraid that it would have a negative impact.
The New York City pension funds reaped investment returns of 12.3% in fiscal year 2013, which ended June 30, beating benchmarks and bringing their total value to approximately US$137 billion (C$141.6 billion)—the highest ever for a fiscal year-end.
A newly released initial list that designates nine of the world’s biggest insurance companies as hazardous to the global financial system used flawed methodology, according to representatives of the insurance industry.
One million workers in the United Kingdom now automatically have access to a company pension, according to the U.K. regulator of work-based pension plans, The Pensions Regulator.
New fee disclosure regulations in the United States have had a negligible effect on members of employee-sponsored retirement plans, according to a study.
Nearly all American employees believe that voluntary work benefits help them simplify and secure their increasingly complex and unpredictable lives, according to a survey.
The number of active members in private workplace pension plans in the United Kingdom fell to a record low of 2.9 million in 2011, increasing fears of a looming national pension crisis.
Thanks to steady growth in the global stock market, the California State Teachers’ Retirement System (CalSTRS) closed the 2012/13 fiscal year with an investment return of 13.8%. But long-term funding remains a challenge for CalSTRS, the largest teachers pension fund and second largest public pension fund in the United States.