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Top Stories in Pensions

DC lessons from across the globe

Despite a maturing of DC plans in Canada, the Towers Watson 2015 Global Pension Assets Study shows they still only account for about 4% of…

Are employers turning their backs on the ORPP?

Are employers turning their backs on the ORPP?

The Government of Ontario did something right when it decided to exempt certain DC plans from the Ontario Retirement Pension Plan (ORPP). Benefits Canada surveyed…

Why video is today’s hottest communication tool

Why video is today’s hottest communication tool

Let’s face it: no one really wants to spend precious time reading about their pension and benefit plans. Pensions and benefits are boring, and sometimes…

B.C. introduces new pension standards

B.C. introduces new pension standards

The British Columbia government is announcing new standards for workplace pension plans, creating options that could be activated even before an employee retires.

NYC mayor urges pension funds to sell coal stocks

NYC mayor urges pension funds to sell coal stocks

New York City mayor Bill de Blasio is proposing that the city's pension funds divest from coal.

  • By: Staff
  • September 29, 2015 September 13, 2019
  • 14:14
Tough summer for Canadian pension plans

Tough summer for Canadian pension plans

The health of Canadian pension plans declined sharply in the third quarter due to market volatility and declining bond yields, reports from Aon and Mercer…

  • By: Staff
  • September 28, 2015 September 13, 2019
  • 12:29
Responsible investment options could improve participation, contribution rates

Responsible investment options could improve participation, contribution rates

Plan participants in the United States believe their retirement plans should offer responsible investment options and having these options would favourably affect their attitudes toward…

  • By: Staff
  • September 28, 2015 September 13, 2019
  • 11:10
Though poorly understood, TFSAs have great benefits

Though poorly understood, TFSAs have great benefits

The annual contribution room for tax-free savings accounts (TFSAs) recently went up to $10,000, which means Canadians can now use them to build real wealth,…

  • By: Staff
  • September 28, 2015 September 13, 2019
  • 11:05
Aegon to buy Mercer’s U.S. DC recordkeeping business

Aegon to buy Mercer’s U.S. DC recordkeeping business

Aegon, through an affiliate of its Transamerica unit, has reached an agreement to acquire Mercer's American DC administration book of business for an undisclosed amount.

  • By: Staff
  • September 25, 2015 September 13, 2019
  • 10:48
Shift to DC hasn’t reduced retirement savings

Shift to DC hasn’t reduced retirement savings

Many commentators assert that people are saving less for retirement as a result of the shift from DB to DC plans.

  • By: Staff
  • September 24, 2015 September 13, 2019
  • 12:24
OAS benefit amounts to increase

OAS benefit amounts to increase

Employment and Social Development Canada has announced the quarterly benefit amounts for Old Age Security (OAS) for October to December 2015.

  • By: Staff
  • September 23, 2015 September 13, 2019
  • 10:34
Businesses scared of ORPP’s economic impact

Businesses scared of ORPP’s economic impact

The Ontario Chamber of Commerce (OCC) and a coalition of major Ontario employers are calling on the provincial government to outline to the employer community…

  • By: Staff
  • September 23, 2015 September 13, 2019
  • 10:20
USW wants court to stop U.S. Steel from cutting pension contributions

USW wants court to stop U.S. Steel from cutting pension contributions

The United Steelworkers is seeking a court order to stop U.S. Steel's reallocation of Canadian production to the United States and is condemning a threat…

  • By: Staff
  • September 21, 2015 September 13, 2019
  • 11:30

More than £50 billion in U.K. pension benefits at risk of being lost, misplaced: study

More than £50 billion in U.K. pension benefits were at risk of being misplaced in abandoned accounts or scattered across multiple lost pots in 2023,…

  • By: Staff
  • March 25, 2024 March 25, 2024
  • 15:00

Employees of Canadian energy companies joining CAAT’s DBplus pension plan

Employees of Candu Energy Inc., Canadian Nuclear Laboratories and Global First Power are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Unionized…

  • By: Staff
  • March 21, 2024 March 21, 2024
  • 15:00

Clear, flexible regulations needed for target-benefit plans: report

Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from…

  • By: Staff
  • March 19, 2024 March 18, 2024
  • 09:00

Ontario continues work on infrastructure bank, target-benefit pension plan framework

In its 2024 budget on Tuesday, the Ontario government reiterated its support for a provincial infrastructure bank to leverage public sector pension investments. The bank,…

  • By: Staff
  • March 27, 2024 March 27, 2024
  • 15:00

Group annuity market growing as DB pension plans move to de-risk

Ford of Canada’s recent transfer of $923 million in pension liabilities to Desjardins Group, RBC Insurance and Sun Life Assurance Co. of Canada augurs well…

FSRA names Andrew Fung EVP of pensions

The Financial Services Regulatory Authority of Ontario is appointing Andrew Fung as executive vice-president of pensions, effective March 11, 2024. Fung first joined the Financial…

  • By: Staff
  • March 20, 2024 March 20, 2024
  • 15:00

OPB working with employers to receive salary information of employees impacted by Bill 124

The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by the…

  • By: Staff
  • March 12, 2024 March 13, 2024
  • 15:00

UPP keeping plan members engaged, informed with new web portal

The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our…

OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to…

  • By: Blake Wolfe
  • February 15, 2024 February 14, 2024
  • 09:00

How Ontario pay transparency legislation will impact employers

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…

Desjardins using budget workshops, interactive game to support employee financial wellness

Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…

  • By: Sadie Janes
  • November 24, 2023 November 23, 2023
  • 09:00

2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members

Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…