During an event held last week in Toronto, participants discussed how the 70-per-cent replacement rate as a measure of retirement income adequacy could be modified.…
Protecting against longevity risk is one of the biggest challenges for people with defined contribution pension plans because, if they live longer than their savings…
Before changes brought in by the federal government in the late 1980s, a mechanism to protect defined contribution plans against longevity risk used to exist.…
While there has been much discussion of the need to refine the common notion of a 70 per cent replacement rate in retirement, implementing a…
As contract negotiations between the City of Saskatoon and its transit workers heat up, the parties are in disagreement about the nature of the central…
Manulife Financial has introduced an online planning program for employees who participate in its workplace retirement savings plans. The program, Retirement Redefined, includes personalized planning…
Great-West Life is piloting an online financial program with about 5,000 plan members aimed at improving their financial outcomes. The program, called Wayfinder, allows plan…
General Motors of Canada Co. and Unifor have averted a strike, reaching a tentative agreement that includes moving new employees into a defined contribution pension plan…
Canada’s digitally savvy millennials are the most educated, culturally-diverse generation to come along. But like their grandparents, they fear market volatility and often prefer to…
It has been four years since the federal government passed legislation to enable pooled registered pension plans as a vehicle to boost retirement savings. In…
More than half (56 per cent) of Canadian pre-retirees aged 50 or older don’t have a retirement savings plan, according to research commissioned by the…
As Unifor moves ahead in its contract negotiations with the Detroit Three, the union said part of the conversation will be around the automakers’ pension…
Canada is holding its own in global pension leadership with 19 Canadian plans making the list of the top 300 global pension plans, according to…
After a long, tense summer in which lockouts and strike action were threatened, Canada Post finally came to an agreement with the Canadian Union of…
With the provision of defined benefit pensions on the decline and the subsequent growth in defined contribution plans, Canada’s retirement savings landscape is in a…
What does it mean for an employer to consider the preferences of a religious group, such as Muslims, in laying out investment options in a…
After more than nine months of bargaining, Canada Post and the Canadian Union of Postal Workers reached a tentative deal last night. The new agreements…
The replacement income level generated by capital accumulation plans has increased over the past four months, according to Eckler Ltd.’s capital accumulation plan income tracker.…
As negotiations continue between Canada Post and the Canadian Union of Postal Workers, the strike action that was to start from midnight on Sunday has…
Talks between Canada Post and the Canadian Union of Postal Workers have stalled once again, hours before the union’s strike mandate expires at midnight. “If…
With escalating drug costs and the strain of retiree benefits dragging down balance sheets, it’s no wonder employers are looking for creative ways to limit…
New workers who are members of the Canadian Postmasters and Assistants Association (CPAA) will be joining a defined contribution pension plan after a labour arbitrator ruled…
What do you get when you look to transfer 9,000 members, with more than $1.3 billion in assets, from one defined contribution pension plan to…
While Canada Post Corp. has withdrawn the lockout threat it issued in early July to the Canadian Union of Postal Workers, the two sides remain…