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…
Legislation requires a defined benefit pension plan to provide members leaving active service with the option of transferring out the lump-sum commuted value of their…
The Ontario government’s announcement in its April budget that it will be addressing the regulatory framework related to defined contribution pension plans has done little…
Manitoba is a step closer to carrying out its plan to offer pooled registered pension plans. Yesterday, Finance Minister Cameron Friesen said enabling legislation and…
The Canadian Life and Health Insurance Association is recommending a number of ways the federal government can help ensure Canadians’ retirement income security in its…
Target-date funds seek to provide members of defined contribution pension plans with a straightforward experience, adjusting their asset mix in a set-it-and-forget-it option geared towards…
In June, the European Commission proposed a new voluntary pension aimed at helping individuals who move around the continent to save for retirement. If passed,…
Assets in registered pension plans were $1.7 trillion in 2015, a three per cent increase from 2014, according to new figures published by Statistics Canada.…
There’s little doubt that working Canadians want a secure source of retirement income. The challenge for the pension industry is how to deliver the desired…
KPMG LLP has run its first series of retirement education sessions through in-person workshops, one-on-one meetings and a version on Skype for employees at its…
Sun Life Assurance Co. of Canada is introducing what it says is a “great bridge to decumulation” by launching new target-date funds that focus defined contribution pension…
The Canadian Association of Pension Supervisory Authorities is conducting a number of reviews this summer, looking into retirement projections and decumulation options for defined contribution…
Most target-date funds aren’t serving employees well, argues a paper published earlier this month in the Social Science Research Network. While target-date funds are an easy…
It’s never easy telling employees their pension benefits are getting worse, whether that’s because of a merger, a sale or simply a cost-savings measure. But when…
Modern defined benefit pension plans provide the retirement income security Canadians want with the stable and predictable costs that employers desire. And, with recent changes,…
Ninety per cent of Canadians would be willing to contribute more to a pension to ensure they have a predictable income at retirement, according to…
The gross income replacement level of capital accumulation plans has remained steady for both males and females over the previous quarter, while increasing investment returns…
Girls are “made of sugar and spice and everything nice — and gunpowder and Cubans and bourbon, no ice.” So sang Columbia Business School students…
The Ontario government is moving to allow for variable benefits from defined contribution pension plans, according to the 2017 budget tabled yesterday. “I think it’s…
Meeting plan members’ retirement goals (29 per cent) and managing litigation risk (25 per cent) are the top factors driving defined contribution pension plan sponsor…
We’re living in a society with a new generation of employees who also happen to be digital natives. Generation-Y and millennials learn, act and understand…
When it comes to addressing the many challenges facing pension and benefits plans, we already know many of the solutions. Taking action on them, however,…
The Public Employees Benefits Agency, which administers the pension plan for public sector employees in Saskatchewan, has been looking at how to support members around…
Unlike the promise by defined benefit plans of a stream of income during retirement, their defined contribution counterparts focus more on the accumulation of assets.…
Defined contribution pension plans in Canada are maturing quickly and becoming more sophisticated. Contributions and plan assets continue to grow, investment options are evolving and…