Canadian Bank Note Company Ltd. has entered into a longevity agreement with the Canada Life Assurance Co., transferring $35 million of longevity risk associated with…
The majority of Canadians between age 35 and 54 are not saving enough for retirement, according to a new TD survey that looked at the…
The government of Manitoba has introduced legislation to bring pooled registered pension plans to the province, a move first referenced in the throne speech on…
The Ontario government spent $793,925 on new advertising out of the budget for the Ontario Retirement Pension Plan after cancelling the program, according to documents…
The financial status of the Royal Canadian Mounted Police pension plans showed significant improvement as returns for one of them hit a high of 16.3…
The government of Manitoba has announced it will introduce pooled retirement pension plans as a new option to help the province’s employees save for retirement.…
Is the federal government on the right track when it comes to allowing target-benefit pension plans? Last month, the government introduced legislation that would allow…
Ontario legislation creating a new pension regulator and giving it powers to impose administrative monetary penalties will create an environment with considerably more regulatory muscle, pension…
Domtar Corp. hosted its first total reward week at its Canadian head office in Montreal at the end of September to help employees understand their…
Environmental, social and governance are words you might have heard a lot about lately. Ontario legislators now require pension plan administrators to disclose if and…
A third (33 per cent) of Canadian employers have mandatory participation in their group retirement savings plans, according to Sun Life Financial’s new report on…
Canada’s labour movement is organizing against a federal bill that would allow federally regulated employers to establish target-benefit pension plans and convert existing defined benefit pensions to the new…
With November marking Canada’s financial literacy month, now is a great time for employers to address the need for financial education in the workplace, says…
Canadian plan members reported a significant drop in the amount they believe they need to retire — from roughly $1.4 million in 2023, 2024 and…
While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent…
Methodology improvements are pushing the life expectancy of Canadian retirees and surviving spouses by roughly one year to age 65 as of Jan. 1, 2024,…
In its 2026 budget on Thursday, the Ontario government proposed doubling the pension benefits guarantee fund’s monthly guarantee limit from $1,500 to $3,000 for all…
The bankruptcy of the Hudson Bay Co. and subsequent loss of promised supplemental employee/executive retirement plan benefits to executives has caused many to rethink the…
Derek Dobson, chief executive officer and plan manager at the Colleges of Applied Arts and Technology’s pension plan, is departing the organization following a formal…
Bell Canada’s defined benefit and defined contribution pension plans are both overseen by the same pension committee. The meeting cadences differ, but the committee leans…
Employers can reinforce the value of their workplace retirement plans by communicating to plan members about the importance of having money later versus money now,…
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan…
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…