Four pension and retirement trends to watch in 2018
As 2017 draws to a close, we turn our attention to the new year. As usual, there’s a lot happening in the Canadian pension environment. Below are…
- December 29, 2017 January 31, 2021
- 07:30
Latest news in Capital accumulation plans
Top 10 pension and retirement stories of 2017
Bankruptcy and its impact on company’s pension plans was a big story in 2017, with Sears Canada Inc. and Stelco Inc. grabbing the most headlines of the…
- By: Staff
- December 27, 2017 September 13, 2019
- 08:00
Quebec employers concerned about province’s plan to eliminate pension disparities
Quebec employers are expressing concern about the business impact of the province’s move to eliminate disparities in pension and supplementary group benefits plans. “It’s an…
- By: Jennifer Paterson
- December 22, 2017 September 13, 2019
- 10:10
Plan sponsors favouring group RRSPs, DPSPs over DC plans
Employers in search of simpler retirement products for their workers are looking to group registered retirement savings plans and deferred profit-sharing plans as a solution, say…
- By: Michael McKiernan
- December 20, 2017 September 13, 2019
- 08:45
2017 CAP Member Survey: Plan sponsors urged ‘to be courageous’
Decumulation is a clear and significant concern for the sponsors of capital accumulation plans, the results of Benefits Canada’s 2017 CAP Member Survey show. The…
- By: Martha Porado
- December 19, 2017 September 13, 2019
- 08:55
Pension wealth in employer-based plans rose at slower pace in 2016: Statistics Canada
While total pension wealth rose for an eighth consecutive year in 2016, the wealth of employer-based pension plans increased at a much weaker pace than the previous…
- By: Staff
- December 18, 2017 September 13, 2019
- 10:15
Canadian plans sponsors not measuring impact of DC pensions: survey
Few Canadian employers are tracking the impact of their defined contribution pension plans or measuring their outcomes, according to new research by Willis Towers Watson.…
- By: Staff
- December 15, 2017 September 13, 2019
- 09:50
Assets held by trusteed pension funds down 1% in second quarter: Statistics Canada
The market value of assets held by Canadian trusteed pension funds fell to $1.8 trillion in the second quarter, according to a new report by Statistics Canada…
- By: Staff
- December 13, 2017 September 13, 2019
- 16:53
Whiskey company moving future hires to DC plan under new agreement
Hiram Walker & Sons Ltd. and Unifor Local 2027 have ratified a four-year collective agreement that includes moving to a defined contribution plan for future…
- By: Staff
- December 4, 2017 September 13, 2019
- 08:45
Financial Literacy Month: Western moves beyond pensions in week of workshops
In its sixth year of offering employees educational workshops during Financial Literacy Month, Western University has changed its approach this time by delivering information on a…
- By: Jennifer Paterson
- November 28, 2017 September 13, 2019
- 09:00
How can Canada’s retirement system better address pension portability?
The days of working for one employer and contributing to a single pension plan for an entire career are long over. In fact, 28 per…
- By: Jennifer Paterson
- November 21, 2017 September 13, 2019
- 08:58
CPP reforms a ‘convenient time’ to consider more complex DC design
Defined benefit pension plans have long included formulas for integrating the Canada Pension Plan into their contributions and benefits design. But with CPP contributions set…
- By: Glenn Kauth
- November 21, 2017 September 13, 2019
- 08:55
Why more group retirement plans are including passive investments
It’s no secret that passive investments, such as exchange-traded and indexed funds, have become more popular with investors over the past 10 years. Such funds require…
- November 20, 2017 January 20, 2021
- 16:12
Assets in Alberta pension plans grow 149% in 10 years: report
Over the past 10 years, assets in pension plans registered in Alberta have reached $54 billion, an increase of 149 per cent, according to a new…
- By: Staff
- November 15, 2017 September 13, 2019
- 08:40
Financial Literacy Month: Allstate staff get 30-minute sessions with retirement consultant
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…
- By: Jennifer Paterson
- November 14, 2017 September 13, 2019
- 08:30
OSFI touts progress of pension priorities, including PRPPs
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…
- By: Staff
- November 13, 2017 September 13, 2019
- 09:00
U.S. pension industry ‘safe from Rothification’ for now
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…
- By: Glenn Kauth
- November 9, 2017 September 13, 2019
- 10:40
Quebec smelter employees reject proposal for two-tiered pension plan
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…
- By: Staff
- November 9, 2017 September 13, 2019
- 09:00
Report suggests raising DC, RRSP contribution limit to 30%
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…
- By: Martha Porado
- November 7, 2017 September 13, 2019
- 16:30
Just one-fifth of employers have formal strategy around employee financial wellness
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…
- By: Staff
- November 1, 2017 September 13, 2019
- 10:14
Union-led, multi-employer pension considering transition to target-benefit plan
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…
- By: Jennifer Paterson
- October 30, 2017 September 13, 2019
- 08:30
Conference coverage: 2017 DC Investment Forum
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…
- By: Staff
- October 25, 2017 September 13, 2019
- 12:01
Great-West Life pilots program to provide retirement matches for student debt repayment
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…
- By: Staff
- October 24, 2017 September 13, 2019
- 10:44
Have your say: Is it time to pass the federal target-benefit bill?
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…
- By: Staff
- October 18, 2017 September 13, 2019
- 09:00
Feds should apply logic of taxing employee discounts to public service pensions
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,…
- By: Fred Vettese
- October 16, 2017 September 13, 2019
- 15:45