A former federal government employee is launching a proposed $10-million class action lawsuit against Sun Life over how the insurer calculated cost-of-living increases on long-term disability benefits…
As millennials enter their prime working years many are actively saving for their retirements, according to a new report by Wells Fargo Institutional Retirement and Trust.…
The Caisse de dépôt et placement du Québec posted a 10.4 per cent return for 2019, well surpassing its 2018 annual return of 4.2 per cent.…
The Canadian Life and Health Insurance Association is asking the Patented Medicine Prices Review Board to include workplace-related factors when it sets maximum prices for medications.…
The Ontario Municipal Employees Retirement System has appointed Michael Graham as its new global head of private equity. Graham will replace Mark Redman, who has decided to leave…
An Ontario group benefits advisor is calling on Canadian insurers to change a long-term disability practice that adversely affects employees at small companies. Dave Patriarche,…
The majority (seven in 10) of Canadian women age 45 and older said they feel confident they’ll be able to afford the lifestyle they want…
League Inc. has beefed up its offerings with the addition of six partners across its health programs, digital wallet and health concierge team. The new partners…
The C.D. Howe Institute has appointed Bob Baldwin as chair of its pension policy council. With more than 30 years of experience, Baldwin is an…
Franklin Resources Inc., operating as Franklin Templeton, is acquiring investment management company Legg Mason Inc. The all-cash deal priced Legg Mason’s common shares at US$50. As…
With the task force on climate-related financial disclosures becoming increasingly common in institutional investor circles, how can Canadian pension plans start to use its guidance…
Unionized workers at Saint John Airport are joining the Colleges of Applied Arts and Technology pension plan’s DBplus. According to the Public Service Alliance of Canada,…
While the Pension Investment Association of Canada is applauding proposed changes to Manitoba’s Pension Benefits Act that would allow for in-plan solvency reserve accounts for…
The Caisse de dépôt et placement du Québec is boosting its current investment in the Cirque du Soleil Entertainment Group. The investment, which will see the…
One of the reasons for the switch from defined benefit to capital accumulation plans is that employers assume CAPs are less financially and legally risky,…
The University of Toronto Asset Management Corp. is teaming up with more than 120 institutional investors to call on the aviation sector to confront the…
The Canada Pension Plan Investment Board generated a net income of $14.5 billion for its third fiscal quarter, rounding out a 7.1 per cent return for…
Quebec’s closed the door on the idea of forming a pension benefits guarantee fund to protect members in retirement plans sponsored by employers that have…
Western Forest Products and the United Steelworkers union have reached a tentative collective agreement after more than seven months of tensions over pensions and long-term…
Canadian defined benefit pension plans posted an average return of 14 per cent in 2019, according to RBC Investor and Treasury Services’ universe. The double-digit…
Should I stay or should I go? That’s the question employees are asking regarding their retirement, but they’re getting mixed answers from their employers. In…
The British Columbia Investment Management Corp. is making a credit agreement with Knightsbridge Capital Group, an asset-based lender in Vancouver. “As BCI builds out our…
Since my last two editorials have targeted issues around pension plan design and retirement readiness, I’m balancing things out this month by turning my attention…
Canadian defined contribution plans offer a range of investment choices, from a single balanced fund, in some cases, to more than 25 options. Douglas Anderson,…
West Fraser Timber Co. Ltd. isn’t annuitizing multiple defined benefit plans to get out of the pension business. In fact, the British Columbia-based integrated wood…