Canadian pension plans have grown significantly over the past decade, a survey by Willis Towers Watson has found. Total pension assets were US$965 billion in…
Though Canada’s retirement income system was ranked eighth among 27 countries by the 2016 Melbourne Mercer Global Index, it also revealed the weaknesses in our…
While the Association of Canadian Pension Management is in favour of enhancing the Quebec Pension Plan, it’s calling for a targeted solution to the problem…
Last week, the Pension Investment Association of Canada was the latest group to lend its voice to the growing concern over the decumulation of Canadian’s…
Canada’s pension and tax regulations need to be updated to address the lack of decumulation options for the growing number of Canadians nearing retirement, according…
Pension plans, like many businesses, rely on information. While the retention of certain pension plan records is subject to regulation, decisions with respect to the…
Despite the federal government’s plan to move ahead with reforms to the Canada Pension Plan, a recent survey by Aon Hewitt has found only 35…
Several Quebec municipalities, including Laval and Montreal, have suspended indexation on retirees’ pension plans, effective Jan. 1, 2017. Many defined benefit pensions plans provide indexation on an…
It’s a little shocking to realize that 1,100 Canadians are turning 65 every day. Of that number, about 500 will be relying on their own…
The Financial Institutions Commission of British Columbia has appointed Stanley Hamilton as chair of the provincial regulatory body. Hamilton, an emeritus professor at the University…
The maximum monthly benefit for new Canada Pension Plan recipients has increased by $21.67 in 2017, while monthly old-age security benefits have risen by about…
“The Ontario Registered Pension Plan was dead: to begin with. There is no doubt whatever about that. . . . Old ORPP was as dead…
2016 was certainly an interesting year for the pension and investment industries. It was a year of political moves that rocked stock markets, a number…
Pension plans administrators in Alberta’s private sector will have another year to put a governance policy in place. Under Bill 10, published in 2012, the…
The Newfoundland and Labrador government is introducing two new annual pension fees in 2017, one to be paid by pension plan administrators and another to…
Three Quebec unions are calling it “unacceptable” that the proposed reforms for the Quebec Pension Plan are not in line with the rest of Canada’s…
Pensioners and members of the Northern Transportation Co. Ltd.’s pension plan reached a settlement with the company on Friday that will see all special payments,…
The Financial Services Commission of Ontario has said it expects to perform an on-site examination of every pension plan in the province over the next…
With the taxation of certain annuity payments affected by impending changes to Canadian tax rules, employers that offer supplementary pension benefit plans may wish to…
The situation for Canada’s pension industry looked fairly uncertain at the beginning of 2016. A significant portion of the industry was bracing for the implementation…
When staffers on the comedy show Last Week Tonight joined a new 401(k) plan, they were set to pay 1.69 per cent in administrative expenses,…
The Ontario government recently issued final regulations regarding pension advisory committees that will come into effect on Jan. 1, 2017. People might legitimately wonder whether…
New Brunswick’s auditor general noted in her annual report last week that she’s pleased with recent progress to resolve the province’s audit issues, including accounting…
While it may be true that there’s nothing new under the sun in the pension world, target-benefit plans may prove the exception. In the traditional…
While plan members feel fairly confident about their retirement prospects, employers aren’t quite so optimistic, Benefits Canada‘s 2016 CAP Member Survey has found. The biggest…