Sun Life converts first annuity buy-in
Sun Life Financial has completed the first conversion of an annuity buy-in to an annuity buyout in Canada, according to a news release from the…
- By: Staff
- November 29, 2012 September 13, 2019
- 09:04
Sun Life Financial has completed the first conversion of an annuity buy-in to an annuity buyout in Canada, according to a news release from the…
Canadian pension plan sponsors are increasingly focused on finding new ways to mitigate the employer risk inherent in DB plans, while also being mindful that…
Target date products (funds or automated portfolios) automatically reduce the exposure to equity and other risky assets of a DC member’s invested savings as he/she…
Getting players in the Canadian Football League (CFL) to focus on planning for their retirement while they work on passing yards or tackles is a…
My parents came from a small town in Italy near Monte Cassino. Apart from a famous battle there in World War II, the town is…
Everybody likes money, and everyone likes a good story. This should be welcome news, considering the alarming level of financial ignorance among DC plan members…
With more than 80% of Canadian plan sponsors currently offering a DC option in their employer-sponsored pension plans, the shift to DC is firmly entrenched.…
Morneau Shepell Inc. has aquired Mercer Canada's pension and benefits outsourcing business.
Touted as a practical solution for those who currently don’t have access to a workplace pension, the pooled registered pension plan (PRPP) also holds the…
Disclosure—it’s a word that’s popping up with increasing frequency in the pension world. In fact, it’s hard to turn around these days without tripping over…
PRPPs and social media strategy Watch this video Katherine Strutt, general manager of the Saskatchewan Pension Plan (SPP), gives her opinion on who will best…
The only news around pooled registered pension plans (PRPPs) today seems to be coming from the federal Department of Finance, Ted Menzies, Minister of State…
Target-date funds or life-cycle portfolios now represent the most frequently used default investment option for new Canadian DC arrangements. And they are quickly replacing passé…
In recent months, bond yields have touched generational lows and yet interest in securities that provide a cash yield, continues unabated. This article aims to…
In large part, the current move by many plan sponsors to a DC pension plan has been fuelled by a desire to escape the inherent…
With funding risk in a DB pension plan borne by the employer, DB plan sponsors have little need or incentive to engage members—beyond annual statements—until…
A low-risk approach to DC plan investing could help keep some young employees enrolled in the company pension plan, especially while markets are volatile.
New survey results suggest employees are starting to recognize the value of an employer-sponsored pension plan, with more workers saying they’d sacrifice a portion of…
The benefits and pension industry isn’t one of major change. While there are small, incremental changes to products, delivery and best practices, this industry isn’t…
Canadian employers are skeptical of their employees’ understanding of their company-sponsored capital accumulation plan (CAP) and/or supplementary retirement plans (SERP), a new study from Buck…
Every day, almost 1,200 people turn 65 in Canada. That means that more than 400,000 Canadians, on average, will reach retirement age every year between…
Two rather contentious reports on public sector pensions were published recently—one by the Canadian Taxpayers Federation (CTF) and one by the Canadian Federation of Independent…
Canadians are often told they need to save more for retirement and to start saving sooner. Life expectancy is increasing and investment returns are low,…
The Canadian Taxpayers Federation (CTF) released new data today showing the gap between the pension benefits of government employees and those in the private sector…
Probably the most significant change in the DC landscape over the past five years is the realization that, instead of solely focusing on educating DC…