While Allstate Insurance Co. of Canada provides several financial education and information sessions to employees throughout the year, it’s focusing on the importance of financial literacy this November to align…
The Office of the Superintendent of Financial Institutions has laid out its progress on a number of pension responsibilities in its 2016-17 report on plans and…
The U.S. pension industry has avoided a major shakeup posed by the potential “Rothification” of the tax rules around retirement savings, a pension expert said…
Unionized employees at a Quebec-based aluminum smelter are rejecting a proposed change that would move them to a two-tiered pension arrangement from a defined benefit plan. The Syndicat des Métallos/United…
The current environment is simply too difficult for Canadians to save adequately for retirement, given increased longevity and the low yields on appropriate investments, according…
Nearly three-quarters (74 per cent) of Canadian employers feel they have a responsibility to help their employees with their financial wellness, according to a new survey by…
More than 500 members of United Steelworkers Local 1568 who are employed by Canadian Nuclear Laboratories have reached a collective agreement that includes moving into a new…
How can plan sponsors encourage their employees to make better investment decisions? And how can they ensure plan members can retire with adequate income? Those…
In response to the growing issue of employees entering the workforce saddled with significant student debt, Great-West Life Assurance Co. is piloting a program to empower…
One year since the federal government unveiled its target-benefit bill, the issue is still attracting divisive opinions from the industry. On one hand, there’s continued…
The idea of taxing employee discounts appears to be on hold for now, but the government may reintroduce it at a later date. If it does,…
The total number of active members in registered pension plans rose steadily between 2005 and 2015, from 5.7 million to 6.3 million, an increase of…
The Netherlands has long had a reputation for having a strong two-pillar retirement system that provides retirees with an income replacement rate of at least…
Defined contribution plan administrators that want to boost members’ financial behaviour should follow the lead of superstitious sports stars by embracing the surprising power of…
The Financial Services Commission of Ontario has released guidance for plan administrators on dealing with missing pension plan members. The policy, which took effect on…
Retirement savings products once again led the way in the growth of the life and health insurance industry, according to the Canadian Life and Health…
Brink’s Canada Ltd. employees are pushing back again the company’s proposal to move them from a defined benefit pension into a defined contribution plan. The…
As the defined contribution pension industry continues to mature, employers are considering ways to improve them by introducing elements of defined benefit plans, an industry…
Two-thirds of households are setting aside money for retirement, taking advantage of either a registered pension plan, a registered retirement savings plan or a tax-free…
Mercer is introducing outsourced governance for employers with defined contribution pension plans. The offering, Mercer Future Wise, will delegate employers’ plan governance to a team…
Canada has edged out Britain as the fifth-largest country by share of pension assets, according to a new report from Willis Towers Watson. On Monday,…
While defined contribution plans were a small piece of the pension market when Benefits Canada first rolled off the presses in 1977, the Co-operative Superannuation…
Back in the 1990s, senior management at the Co-operators Group Ltd. decided to be more generous with its defined contribution pension plan. While most Canadian…
Despite British Columbia’s introduction of provisions for target-benefit pension plans in 2015, a report from the province’s regulator suggests the option has seen a slow uptake. Only…
The average income replacement ratio of capital accumulation plans in the second quarter of 2017 has remained stagnant since the start of the year, according…