The current environment is simply too difficult for Canadians to save adequately for retirement, given increased longevity and the low yields on appropriate investments, according…
The New Democratic Party tabled a private member’s bill Monday to amend Canada’s insolvency laws so they protect pension plans and post-retirement benefits when a company is…
The market for transferring pension risk could total up to $10 billion over the next three years, according to a new report from Eckler Ltd. In…
The median solvency ratio for Canadian defined benefit plans rose to 100.7 per cent in October as equity markets continued to rally, according to Aon Hewitt’s monthly…
More than 80 per cent of Canadian employees would be interested in an employer-provided financial education program, according to a new survey by the Canadian…
The infrastructure arm of the Ontario Municipal Employees Retirement System is increasing its investment in Britain’s largest water company. OMERS Infrastructure is purchasing an additional 4.36 per cent…
Amid controversy over the cost of its two defined benefit plans for members of city council, a Calgary city councillor has voluntarily decided not to…
The Quebec government has announced a plan to expand the Quebec Pension Plan in line with reforms to the Canada Pension Plan. As part of…
A new report on income security in Ontario is recommending that the provincial government expand the provision of essential health benefits to all low-income people…
Canadian defined benefit pension plans experienced a modest third quarter, according to separate reports by BNY Mellon Asset Management Canada Ltd. and Northern Trust Corp.…
Representative counsel for Sears Canada Inc.’s retirees has sent a letter to the monitor, FTI Consulting Inc., and all parties involved in the Companies’ Creditors Arrangement…
The Caisse de dépôt et placement du Québec is committing a $50-million loan to a group of solar energy systems set up by California-based Sunrun Inc. The loan…
Nearly three-quarters (74 per cent) of Canadian employers feel they have a responsibility to help their employees with their financial wellness, 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…