Top 10 pension stories of 2023
A survey on the retirement readiness of Canadian workers and a looming retirement crisis was the most-read pension story on BenefitsCanada.com this year. Here are…
- By: Staff
- December 18, 2023 December 18, 2023
- 09:00
Latest news in Governance/legislation
Financial market regulators establish committee to implement total cost reporting plan
The Joint Forum of Financial Market Regulators is establishing a committee to help implement its total cost reporting plan. The plan aims to increase investor…
- By: Staff
- December 15, 2023 December 15, 2023
- 15:00
Top 5 HR, benefits, pension and investment stories of the week
An article on how employers can support employees with attention deficit hyperactivity disorder was the most-read story on BenefitsCanada.com over the last week. Here are the five…
- By: Staff
- December 15, 2023 December 15, 2023
- 09:00
BCFSA’s climate risk guidelines could create burden on smaller pension plans, says PIAC
The Pension Investment Association of Canada is calling on the B.C. Financial Services Authority to reconsider implementing new standards for climate-related risk analysis guidelines, noting it…
- By: Staff
- December 14, 2023 October 31, 2025
- 09:00
Converting DB pension plans to DC plans impacts cash flow, increases costs: report
U.S. public sector defined benefit pension plans that have switched to a defined contribution model have experienced negative cash flows and increased costs and employee…
- By: Staff
- December 13, 2023 December 13, 2023
- 15:00
Alberta government rejects amendments to CPP exit legislation
Premier Danielle Smith’s government has rejected a proposal that would have compelled it to respect the results of a referendum on whether Alberta should quit…
- By: Dean Bennett, the Canadian Press
- December 11, 2023 December 8, 2023
- 09:00
FSRA’s proposed rule could increase fairness in division of pension benefits during marriage breakdown: expert
The Financial Services Regulatory Authority of Ontario’s proposed family rule could allow for pension benefits to be divided more fairly in the event of a…
- By: Sadie Janes
- December 8, 2023 December 8, 2023
- 09:00
Top 5 HR, benefits, pension and investment stories of the week
An article on how Ontario’s proposed pay transparency legislation will impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular…
- By: Staff
- December 8, 2023 December 8, 2023
- 09:00
Union protests N.B.’s plan to transform public sector DB pension plans
The New Brunswick government introduced legislation Wednesday to transfer five of its public sector defined benefit pension plans to shared-risk plans, saying the move will…
- By: Michael MacDonald, the Canadian Press
- December 1, 2023 November 30, 2023
- 09:00
Top 5 HR, benefits, pension and investment stories of the week
An article on how Desjardins Insurance is supporting employee financial wellness was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular…
- By: Staff
- December 1, 2023 November 30, 2023
- 09:00
Feds’ new tax exemption could drive more employers to leverage employee ownership trusts: expert
A new federal tax exemption for employee ownership trusts could spur retiring business owners to sell their companies to workers, says Jon Shell, managing director…
- By: Lauren Bailey
- December 1, 2023 December 7, 2023
- 09:00
Alberta premier quiet on reason for abandoning promised in-person CPP exit consults
Alberta Premier Danielle Smith won’t say what happened to her government’s promise to hold face-to-face meetings with citizens in December on quitting the Canada Pension…
- By: Dean Bennett, the Canadian Press
- November 27, 2023 November 27, 2023
- 09:00
Top 5 HR, benefits, pension and investment stories of the week
An article on the federal government’s 2023 fall economic statement was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news…
- By: Staff
- November 24, 2023 November 23, 2023
- 09:00
Removal of ‘30% rule’ could boost investment, reduce private equity fees for Canadian pension funds
If the federal government scraps its rule restricting Canadian pension funds from holding more than 30 per cent of the voting shares of investee corporations, pension…
- By: Bryan McGovern
- November 23, 2023 November 23, 2023
- 11:00
N.S. legislation allowing private employers to transfer pensions into PSSP
Nova Scotia-based private employers can now transfer their pension plans into the Public Service Superannuation Plan. The Private Sector Pension Plan Transfer Act, which received…
- By: Sadie Janes
- November 23, 2023 November 23, 2023
- 09:00
Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement
In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than…
- By: Staff
- November 22, 2023 November 22, 2023
- 09:00
Former federal finance minister defends ‘sustainably successful’ CPP amid Alberta pension exit plan
Former federal finance minister Bill Morneau is standing up for the Canadian Pension Plan, calling it a uniquely successful investment organization that won’t be easily…
- By: Bryan McGovern
- November 21, 2023 November 21, 2023
- 11:00
ACPM reiterating support for automatic features in Ontario retirement savings plans
The Association of Canadian Pension Management is reiterating its support for fully enabling automatic features in retirement savings plans, including defined contribution pensions, group registered…
- By: Staff
- November 17, 2023 November 16, 2023
- 09:00
Head to head: Is there an ideal income replacement ratio at retirement?
While one expert says replacement rates vary with income and age, another argues the longstanding 70 per cent benchmark doesn’t actually work. Bonnie-Jeanne MacDonald, director…
- By: Benefits Canada
- November 17, 2023 November 16, 2023
- 08:59
Back to basics on decumulation
While the term decumulation may sound very technical and often leads to confusion among pension plan members, it’s actually quite simple — effectively, it’s the…
- By: Jennifer Paterson
- November 17, 2023 November 16, 2023
- 08:52
CPPIB CEO pitches Calgary business crowd on benefits of staying in CPP
As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing…
- By: Amanda Stephenson, the Canadian Press
- November 15, 2023 November 15, 2023
- 15:00
Top 5 HR, benefits, pension and investment stories of the week
An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the…
- By: Staff
- November 10, 2023 November 9, 2023
- 09:00
OSFI’s draft pension cybersecurity standard may lead to duplication, increased risk: ACPM
The Office of the Superintendent of Financial Institutions’ proposed cybersecurity incident reporting standard could unintentionally lead to duplication and increased risk if it doesn’t reflect differences in…
- By: Staff
- November 9, 2023 November 9, 2023
- 09:00
CPP maximum pensionable earnings increasing to $68,500 in 2024
The maximum pensionable earnings under the Canada Pension Plan is increasing to $68,500 in 2024, up from $66,600 in 2023. The employee and employer contribution…
- By: Staff
- November 8, 2023 January 2, 2024
- 09:00
Alberta would need to negotiate international agreements if it quits CPP: Freeland
Federal Finance Minister Chrystia Freeland says if Alberta were to quit the Canada Pension Plan it would require a “complex and multi-year process” of negotiating…
- By: Stephanie Taylor and Nojoud Al Mallees, the Canadian Press
- November 6, 2023 November 6, 2023
- 09:00