Three of Canada’s largest fund managers are part of a joint proposal by two bidders to buy and break up Asciano Ltd., an Australian rail,…
According to a recent Broadbent Institute study, “the value of retirement assets of those aged 55 to 64 without an employer pension is wholly inadequate.”…
Institutional investors are suing automaker Volkswagen in a German court, seeking 3.25 billion euros ($3.57 billion) in damages over the company’s diesel emissions scandal. Attorney…
Like other large defined benefit pension funds in Canada, OPTrust, which manages the OPSEU Pension Plan, saw its 2015 investment return slide amid low interest…
A U.S. insurance company has agreed to pay US$219 million to end a class action lawsuit for allegedly making false and misleading statements about a…
More Canadians are saving for retirement than Americans, according to a new survey by Franklin Templeton Investments. Its 2016 Retirement Income Strategies and Expectations survey, which…
We’ve been called Maple Revolutionaries and the new masters of the universe. For years now, it has been a heady thing to be one of…
The top rewards-related issue during a merger and acquisition transaction is medical benefits, a key area of focus in 92% of projects analyzed by Mercer…
The union that represents NHL players doesn’t want its Ontario members – the Toronto Maple Leafs and the Ottawa Senators – to be forced to pay into…
Ontario Progressive Conservative leader Patrick Brown said the party not only opposes the provincial Liberal government’s plan for the Ontario Retirement Pension Plan, but they’d…
Caisse de dépôt et placement du Québec has announced its commitment to invest US$150 million in renewable energy in India as it establishes a CDPQ…
A federal judge has ordered the NFL’s pension plan to pay higher disability benefits to a retired player who apparently is suffering from an illness caused…
The past decade of low interest rates in North America has caused Canada’s biggest defined benefit pension plans to increase their allocations to alternatives that…
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…