Home Pensions Page 201

Top Stories in Pensions

Federal target-benefit bill denounced as ‘unconscionable betrayal’

Federal target-benefit bill denounced as ‘unconscionable betrayal’

Canada’s labour movement is organizing against a federal bill that would allow federally regulated employers to establish target-benefit pension plans and convert existing defined benefit pensions to the new…

How to bring financial literacy into the workplace

How to bring financial literacy into the workplace

With November marking Canada’s financial literacy month, now is a great time for employers to address the need for financial education in the workplace, says…

  • By: Jann Lee
  • November 16, 2016 September 13, 2019
  • 09:30
Ontario announces plans for new pension regulator

Ontario announces plans for new pension regulator

The Ontario government announced plans yesterday to establish a new pension regulator. The Financial Services Regulatory Authority will be an independent and flexible regulatory body aimed at…

  • By: Jann Lee
  • November 15, 2016 September 13, 2019
  • 11:33
Time for B.C., Alberta pension administrators to prepare for new triennial assessments

Time for B.C., Alberta pension administrators to prepare for new triennial assessments

The November 2008 report from British Columbia and Alberta’s joint expert panel on pension standards encouraged the two provincial governments to take a leadership position…

  • November 15, 2016 September 13, 2019
  • 09:05
Are New Brunswick’s shared-risk plans on target?

Are New Brunswick’s shared-risk plans on target?

The situation for the City of Saint John’s pension plan didn’t look very good when it converted to a shared-risk arrangement at the beginning of…

New Brunswick’s shared-risk conversion faces a flurry of legal attacks

New Brunswick’s shared-risk conversion faces a flurry of legal attacks

Employers across the country are keeping a close eye on New Brunswick, as the province becomes the legal battleground where decisions on the scope of…

2016 CAP Member Survey: Deconstructing how different employees view their retirement

2016 CAP Member Survey: Deconstructing how different employees view their retirement

As concerns over retirement income adequacy mount, the role of plan members in making decisions about their pension investments is a growing concern. Some plan…

  • By: Sonya Felix
  • November 15, 2016 September 13, 2019
  • 08:55
Pension industry hamstrung in efforts to find missing plan members

Pension industry hamstrung in efforts to find missing plan members

Despite pension administrators’ best efforts, missing members are a significant challenge for many plans. With no standardized method for searching for them, plans tend to…

Ontario adopts PRPP regulations

Ontario has adopted regulations to make pooled retirement pension plans available to employees in the province, joining British Columbia, Saskatchewan, Quebec, Nova Scotia and federally…

Ontario forms expert panel to report on pension accounting conflict

Ontario forms expert panel to report on pension accounting conflict

The Ontario government is forming an independent expert panel to deliver advice and recommendations on the appropriate application of accounting standards for the province’s jointly-sponsored…

  • By: Staff
  • November 14, 2016 September 13, 2019
  • 09:07
Workplace Benefits Awards: Leaders discuss solutions to cost challenges at Benefits Canada roundtable

Workplace Benefits Awards: Leaders discuss solutions to cost challenges at Benefits Canada roundtable

Although rising costs for pension and benefits plans continue to be a concern for employers, many plan sponsors are finding ways to address the challenges…

  • By: Jann Lee
  • November 14, 2016 September 13, 2019
  • 09:00
Convergint Technologies hosts No Spender November effort to boost financial awareness

Convergint Technologies hosts No Spender November effort to boost financial awareness

Convergint Technologies is hosting what it calls a No Spender November effort this month to encourage its employees to be more aware about their individual…

My Take: Personal finance should be a mandatory course in high school

My Take: Personal finance should be a mandatory course in high school

If you ask me what I remember from taking the careers course in Grade 10, I would only be able to recall that a quiz…

  • By: Jann Lee
  • November 10, 2016 September 13, 2019
  • 08:58

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…