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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
International equity markets boost CPPIB fund by nearly $9 billion in fourth quarter

International equity markets boost CPPIB fund by nearly $9 billion in fourth quarter

The Canada Pension Plan Investment Board saw a net increase of $8.9 billion in assets during the final quarter of 2017, bringing its total to $337.1…

  • By: Staff
  • February 9, 2018 September 13, 2019
  • 10:31
Advisors need a ‘strong voice’ in CLHIA’s compensation disclosure discussion

Advisors need a ‘strong voice’ in CLHIA’s compensation disclosure discussion

Advisors are making it clear they want to be a part of the conversation as the Canadian Life and Health Insurance Association develops its new compensation disclosure…

Canadians estimate $756K will provide a comfortable retirement

Canadians estimate $756K will provide a comfortable retirement

Ninety per cent of Canadians don’t have a retirement plan that takes into account their desired post-retirement lifestyle, according to a new survey by the Canadian Imperial…

  • By: Staff
  • February 9, 2018 September 13, 2019
  • 09:06
McCarthy Tétrault names new partner in pension, benefits group

McCarthy Tétrault names new partner in pension, benefits group

Deron Waldock has joined McCarthy Tétrault LLP as a partner in its national pension, benefits and compensation group, working out of the firm’s Toronto office.…

  • By: Staff
  • February 9, 2018 September 13, 2019
  • 09:04
Manulife, Sun Life partner with tech firms to simplify benefits administration

Manulife, Sun Life partner with tech firms to simplify benefits administration

Manulife Financial Corp. is partnering with Vitech Systems Group Inc. as a software provider and system integrator for its Canadian group benefits business. Vitech’s insurance…

  • By: Staff
  • February 9, 2018 September 13, 2019
  • 09:02
Buy-ins and boomerangs: A look at the trends in Canada’s annuity market

Buy-ins and boomerangs: A look at the trends in Canada’s annuity market

When Loblaw Companies Ltd. purchased annuities to reduce the risk in its defined benefit pension plans in January 2017, the $350-million, inflation-linked buyout kicked off…

Key innovations to help millennials navigate the pension jungle

Key innovations to help millennials navigate the pension jungle

While retirement may not yet be at the top of millennials’ priority lists, it won’t be long before they arrive on the pension scene. How…

  • By: Bita Jenab
  • February 9, 2018 March 17, 2021
  • 08:56
Sears, Wabush cases put deemed-trust provision back in spotlight

Sears, Wabush cases put deemed-trust provision back in spotlight

The ongoing Sears Canada Inc. and Wabush Mines restructurings illustrate that there’s perhaps nothing as vexing in insolvency situations as the position that pension deficits…

Hefty equity returns lead to strong gains for U.S. institutional investors in 2017

Hefty equity returns lead to strong gains for U.S. institutional investors in 2017

Robust equity markets led U.S. institutional investment plans to strong gains in 2017 with a median return of 15.3 per cent for the year, according to new data by Northern Trust Corp.…

  • By: Staff
  • February 6, 2018 September 13, 2019
  • 16:20
Three senior executives set to leave CPPIB

Three senior executives set to leave CPPIB

Two senior executives at the Canada Pension Plan Investment Board are about to reach retirement themselves. Nick Zelenczuk, senior managing director and chief operations officer,…

  • By: Staff
  • February 6, 2018 September 13, 2019
  • 09:15
CMHC pension saga ends with $7M settlement for former employees

CMHC pension saga ends with $7M settlement for former employees

After 18 years of litigation, a settlement has delivered $7 million to former employees of the Canada Mortgage and Housing Corp. involved in two class…

Have your say: Are Canadians doing better on retirement readiness despite RRSP gaps?

Have your say: Are Canadians doing better on retirement readiness despite RRSP gaps?

Canadians have been contributing less to their registered retirement savings plans so far this year, according to a new survey by BMO Financial Corp. Its annual…

  • By: Staff
  • February 5, 2018 September 13, 2019
  • 13:30

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…