Despite British Columbia’s introduction of provisions for target-benefit pension plans in 2015, a report from the province’s regulator suggests the option has seen a slow uptake. Only…
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…
Plan administrators are eyeing the Bank of Canada’s current system that holds unclaimed bank balances for individuals as a possible solution to dealing with missing…
New draft regulations published in Quebec this summer address policies around annuity purchases for defined benefit pension plans for the first time. Industry stakeholders have…
Employees’ retirement plans are affected by how long they stay in the workforce. Whether or not they work past 65 often depends on government policy,…
Among those with the most to worry about when a company as big as Sears Canada Inc. enters restructuring proceedings are the members of the…
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…
Montreal police officers have voted in favour of a new contract that puts an end to a long-running dispute over pension reforms. The city’s police…
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…
The Office of the Superintendent of Financial Institutions has released a draft guideline on best practices for derivatives used in federally regulated private pension plans.…
Former Sears Canada Inc. employees who opt to take the commuted value of their defined benefit pension are facing an immediate 19 per cent reduction in…
The Office of the Superintendent of Financial Institutions has issued a guideline defining the eligible default investment options under pooled registered pension plans. The Pooled Registered…
Sears Canada’s plan to pay out millions in bonuses to keep executives and key staff on board while not paying severance to laid-off workers is…
The Canadian Association of Pension Supervisory Authorities is asking industry stakeholders to weigh in on its proposed changes to funding and asset allocation rules for…
Sears Canada Inc. has reversed course and will continue to make special payments to its defined benefit pension plan and provide post-employment benefits plans until…
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…
In the last few weeks, employees — both current and former — of troubled retailer Sears Canada Inc. have had plenty to worry about after…
British Columbia’s pension regulator is cracking down on vague termination expense assumptions over fears unrealistic calculations have caused some plans to overstate their solvency ratios.…
A retired lieutenant in the naval reserve has launched a $100-million lawsuit against the Canadian Armed Forces for “chronic, excessive and unreasonable” delay in paying…
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…
Ontario has announced the board of directors for the new financial services regulator it announced in last year’s fiscal update. Bryan Davies, Kathryn Bouey and Judith Robertson…
Ontario will replace the temporary solvency funding exemption in place for specified multi-employer pension plans with a new target-benefit framework, the government announced Thursday. The…
It seems the current pension crisis — whether it be over reform of the Canada Pension Plan or high levels of underfunding among private plans…
While today marks the one-year anniversary of Ottawa reaching an agreement with most of the provinces to expand the Canada Pension Plan, the future of…
The enhancements to the Canada Pension Plan are problematic and incomplete and won’t do much to improve the retirement income prospects of low-income employees, according…