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CPP reform to result in fewer jobs until late 2020s: report

CPP reform to result in fewer jobs until late 2020s: report

The Canada Pension Plan enhancement will cost 64,000 jobs by the time it’s fully in effect, according to a new analysis from the Canadian Federation…

  • By: Staff
  • February 21, 2018 September 13, 2019
  • 16:00
New group formed to oppose guideline on advisor compensation disclosure

New group formed to oppose guideline on advisor compensation disclosure

A new group has emerged to oppose the Canadian Life and Health Insurance Association’s new guideline around disclosing compensation paid to intermediaries in group benefits…

  • By: Ryan Murphy
  • February 21, 2018 September 13, 2019
  • 10:26
The vast potential of blockchain technology

The vast potential of blockchain technology

Next year will mark the 10th anniversary of bitcoin, a global electronic currency invented by a mysterious anonymous figure called Satoshi Nakamoto. The same individual…

Total RRSP contributions rise as number of contributors declines slightly

Total RRSP contributions rise as number of contributors declines slightly

Despite a rise in total contributions to registered retirement savings plans in 2016, the total number of contributors was down slightly, according to the latest census…

  • By: Staff
  • February 20, 2018 September 13, 2019
  • 10:10
Hub International acquires B.C.-based pension, benefits firm

Hub International acquires B.C.-based pension, benefits firm

Hub International Ltd. has acquired a British Columbia-based pension and benefits consulting firm. On Friday, Chicago-based Hub International announced it had acquired the shares of…

  • By: Staff
  • February 20, 2018 September 13, 2019
  • 09:49
Life expectancy increases for OAS recipients showing signs of slowing down

Life expectancy increases for OAS recipients showing signs of slowing down

Life expectancy has risen continually since 2000 for both male and female old-age security beneficiaries, according to a new fact sheet from the Office of the…

  • By: Staff
  • February 20, 2018 September 13, 2019
  • 08:15

Get to know Australia’s superannuation plans at the 2018 Benefits and Pension Summit

With a mature system of defined contribution pension plans, Australia offers some lessons for how Canada’s industry may evolve.  At Benefits Canada’s upcoming Benefits and Pension…

Actuaries respond to Ontario’s proposed funding rules for DB plans

Actuaries respond to Ontario’s proposed funding rules for DB plans

The Canadian Institute of Actuaries has responded to Ontario’s description of its proposed funding rules for defined benefit plans. While the provincial government’s document, published in December 2017, included details…

  • By: Staff
  • February 15, 2018 September 13, 2019
  • 16:45
Fewer than half of Canadians investing in RRSPs, TFSAs

Fewer than half of Canadians investing in RRSPs, TFSAs

Fewer than half (41 per cent) of Canadians are putting money in an investment vehicle such as a registered retirement savings plan or a tax-free savings account, according…

  • By: Staff
  • February 15, 2018 September 13, 2019
  • 16:20
LiUNA pension fund suing banks over alleged rigging of currency markets

LiUNA pension fund suing banks over alleged rigging of currency markets

The Laborers’ International Union of North America pension plan is suing a number of financial institutions for allegedly conspiring to fix prices within the foreign exchange market. The…

Cape Breton Regional Municipality plan joins N.S. public service pension

Cape Breton Regional Municipality plan joins N.S. public service pension

The Cape Breton Regional Municipality is transferring its defined benefit plan into Nova Scotia’s public service superannuation plan. The transfer includes 1,157 members, 724 of whom…

  • By: Staff
  • February 15, 2018 September 13, 2019
  • 10:46
Have your say: Is it time to address dividend payments amid pension deficits?

Have your say: Is it time to address dividend payments amid pension deficits?

A group of Sears Canada Inc. pensioners will ask the Ontario Superior Court of Justice on Thursday to appoint a litigation trustee to review certain actions leading up to…

  • By: Staff
  • February 12, 2018 September 13, 2019
  • 16:00
DB solvency ratios up slightly in last quarter of 2017: FSCO

DB solvency ratios up slightly in last quarter of 2017: FSCO

The median solvency ratio for defined benefit plans regulated by the Financial Services Commission of Ontario was 94 per cent in the last quarter of…

  • By: Staff
  • February 12, 2018 September 13, 2019
  • 09:45

More than £50 billion in U.K. pension benefits at risk of being lost, misplaced: study

More than £50 billion in U.K. pension benefits were at risk of being misplaced in abandoned accounts or scattered across multiple lost pots in 2023,…

  • By: Staff
  • March 25, 2024 March 25, 2024
  • 15:00

Employees of Canadian energy companies joining CAAT’s DBplus pension plan

Employees of Candu Energy Inc., Canadian Nuclear Laboratories and Global First Power are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Unionized…

  • By: Staff
  • March 21, 2024 March 21, 2024
  • 15:00

Clear, flexible regulations needed for target-benefit plans: report

Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from…

  • By: Staff
  • March 19, 2024 March 18, 2024
  • 09:00

Ontario continues work on infrastructure bank, target-benefit pension plan framework

In its 2024 budget on Tuesday, the Ontario government reiterated its support for a provincial infrastructure bank to leverage public sector pension investments. The bank,…

  • By: Staff
  • March 27, 2024 March 27, 2024
  • 15:00

Group annuity market growing as DB pension plans move to de-risk

Ford of Canada’s recent transfer of $923 million in pension liabilities to Desjardins Group, RBC Insurance and Sun Life Assurance Co. of Canada augurs well…

FSRA names Andrew Fung EVP of pensions

The Financial Services Regulatory Authority of Ontario is appointing Andrew Fung as executive vice-president of pensions, effective March 11, 2024. Fung first joined the Financial…

  • By: Staff
  • March 20, 2024 March 20, 2024
  • 15:00

OPB working with employers to receive salary information of employees impacted by Bill 124

The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by the…

  • By: Staff
  • March 12, 2024 March 13, 2024
  • 15:00

UPP keeping plan members engaged, informed with new web portal

The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our…

OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to…

  • By: Blake Wolfe
  • February 15, 2024 February 14, 2024
  • 09:00

How Ontario pay transparency legislation will impact employers

As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…

Desjardins using budget workshops, interactive game to support employee financial wellness

Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…

  • By: Sadie Janes
  • November 24, 2023 November 23, 2023
  • 09:00

2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members

Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…