An open letter from a group of Canada’s leading pension organizations is calling on the country’s finance ministers to create a federal-provincial task force to…
Alberta and Quebec have joined forces in a broadside against the formation of a national securities regulator. In a blistering 44-page missive, Fraser Milner &…
What needs to change to make the Canadian retirement system sustainable? Our system is like the Titanic: big, slow to turn and vulnerable to large…
The failure of pension plan legislation and design to keep up with the times is hurting the ability of Canadians to prepare for retirement, according…
The Investment Funds Institute of Canada (IFIC) is urging the federal government to consider the full spectrum of retirement assets in its efforts toward reform…
In Quebec, the end of the last decade was marked by the convergence of two major pension law initiatives. The first one, the remnants of…
In recent years, the costs of post-retirement benefits have been a growing concern for corporations. According to a 2008 Mercer survey, one-third of respondents had…
The financial events of 2008 and early 2009 will have a long-lasting effect on the myriad stakeholders of employer-sponsored pension plans. Many plan sponsors are…
As I finalize preparations for a presentation on the importance of financial literacy, I am struck by the sheer magnitude of the challenges ahead for…
A Toronto hotel provided the forum for comprehensive and spirited debate on Canada’s retirement system on Wednesday. Speaking at the Conference Board of Canada’s Summit…
Federal Finance Minister Jim Flaherty seems to be leaning towards a private sector solution to address the shortcomings of Canada’s retirement system, reports the Globe…
Nine trustees of the Canadian Commercial Workers Industry Pension Plan (CCWIPP) have been slapped with a total fine of $202,500 for a breaching their fiduciary…
Institutional investors around the world are pushing back against a hedge fund practice that isolates up to 10% of an investor’s assets, according to a…
The crisis in the financial system led to a recession, an equity market meltdown and a collapse in long-term interest rates. The solvency position of…
On the evening of March 4th, our team of writers and editors settled in for a long night, preparing to broadcast news of the 2010…
Quebec Finance Minister Raymond Bachand tabled his 2010–2011 provincial budget on March 30, 2010. According to Towers Watson, the budget proposes measures to reduce the…
Canada’s insurance and health industry believes the country’s retirement system is far from broken, and that individuals simply need more incentive to save for themselves.…
The success of the recent theatrical release Alice in Wonderland has brought renewed attention to one of the most famous lines in the 19th…
Results from a fall 2009 Global Pension Pulse Poll conducted by Pyramis Global Advisors were recently released and, according to Peter Walsh, institutional portfolio manager…
The release of Ontario’s 2010 budget will come mostly as good news to plan sponsors of defined benefit (DB) pension plans. References to pension reform…
Federal finance minister Jim Flaherty has announced the launch of cross-country and online consultations aimed at engaging Canadians on ideas for possible reform of the…
The C.D. Howe Pension Papers Advisory Board just published its latest paper, The Piggy Bank Index: Matching Canadians’ Savings Rates to Their Dreams. The paper,…
Media reports from Canada, the U.S. and the U.K. this week are pointing to a creaky global public retirement system that is chronically underfunded and…
There’s no question that pension reform is on the horizon, but what form will it take? Benefits Canada presents two different views on much-needed changes…
Pension plan administrators are required to exercise care, diligence, and prudence when administering a pension fund. Although they are permitted to appoint agents to carry…