More Canadian employers should consider target-benefit pension plans for their employees these days. The model is gaining steam. In mid-December, 2020, the Quebec legislator signed into…
Young Canadians are increasingly planning their financial futures as the world faces down a second year of the coronavirus pandemic, according to a new survey…
Alberta Premier Jason Kenney says his government will make a decision this spring on whether to pursue pulling Alberta out of the Canada Pension Plan.…
Although women must work two years longer than men to be retirement ready, they still retire with 30 per cent less wealth than their male…
The funding status and confidence of Canadian defined benefit pension plans declined in 2020 amid the coronavirus pandemic and a low interest-rate environment, according to…
Newfoundland and Labrador residents can now unlock benefits held in locked-in retirement savings arrangements for reasons of financial hardship or non-residency in Canada. The changes…
Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from…
The Canadian Life and Health Insurance Association is calling on the federal government to provide Canadians with access to more-secure retirement income. In its submission…
The Canada Pension Plan Investment Board is appointing John Graham (pictured) as its new chief executive officer, following the resignation of Mark Machin. Graham was…
The Ontario Municipal Employees Retirement System’s portfolio lost 2.7 per cent, net of expenses, last year as the coronavirus pandemic hammered its investments. According to…
The market value of assets held by Canadian employer pension plans increased to $2.12 trillion in the third quarter of 2020, according to a new report…
Canada’s pension system was ranked first overall among 15 countries in the Global Pension Transparency Benchmark. It ranked Canadian funds first in governance, citing the…
Canadians are skipping contributions to their registered retirement savings plans and considering a delayed retirement amid the coronavirus pandemic, according to a new survey by…
Allowing increased retirement savings pooling and portability can help improve efficiency, as well as pension plan member retention and continuity, according to a policy recommendation…
The combination of several innovations in defined contribution pension plan design can dramatically improve retirement readiness across income levels, according to a new report by…
An article on British Columbia’s updated pension standards, including the introduction of auto-escalation for defined contribution pension plans, was the most-read article on BenefitsCanada.com this past…
An article on a recent Ontario Superior Court decision related to surplus pension assets was the most-read article on BenefitsCanada.com this past week. Here are…
A recent Ontario Superior Court decision related to surplus pension assets was a rubber stamp of the monitor’s recommendations, rather than a decision with precedential…
The federal government’s recent announcement that it will make the employee ownership trust tax exemption permanent is a major incentive for employers to transition their…
The Ontario Pension Board is communicating its long-term strategic plan to members through a new interactive online page. The platform, dubbed ‘On the Horizon’, is…
In times of increased economic uncertainty, the number of tough financial choices facing the average person seems to rise exponentially. Clashing priorities battle it out:…
PepsiCo Canada may be known for quenching thirst and satisfying snack cravings, but the organization’s leadership recently identified another kind of demand: clearer, more personalized…
Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was…
Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…