Federal and provincial pension benefits standards legislation may be similar, but plan sponsors need to acknowledge the differences between them. Sponsors of defined benefit (DB)…
The mood amongst the defined benefit (DB) plan sector is decidedly pessimistic, and many plan sponsors are looking to make changes over the next 12…
Corporate North America has fallen into the trap of short-term thinking, placing undue emphasis on the next quarter’s results. Are pension professionals blindly following the…
Around the World August 01, 2008 | Frédéric Létourneau and Leo de Bever In a challenging social and economic environment, plan sponsors are looking to…
In certain circumstances, the Superintendent of Financial Services has the authority under Ontario’s governing pension statute to order a partial plan wind-up. One of those…
In her article (Managing Risk Through Transition), Laura Lynch examined the decision tree leading to directional strategies for exiting a closed defined benefit (DB) plan.…
On June 26, 2008, the Federal Court of Appeal released a unanimous decision in Cousins et al. v. Attorney General of Canada and Marine Atlantic…
Designing an effective program is not easy. Experience shows that employee engagement in defined contribution (DC) plans is often low and leads to low participation…
A fundamental change is underway in the area of global investment management for retirement, and an overhaul of the Canadian pension landscape is needed in…
The Régie has always believed that the Supplemental Pension Plans Act (SPPA) required Québec employers to fund a deficit on withdrawal or plan termination—even for…
The average plan member is by no means a financial expert, and the choices offered by many service providers can leave some members bewildered and…
Investing in a socially responsible manner is becoming increasingly important to pension plan sponsors, but it seems that in Canada, the legislative environment hasn’t kept…
After a modest gain in 2005, membership in employer registered pension plans (RPPs) resumed normal growth in 2006 due entirely to increases among women, according…
Retirement income can be sliced into three broad categories: what an individual receives from their employer, what they receive from the government and everything else.…
Canadians received a record $103 billion in benefits from life and health insurers last year, up 60 per cent from a decade earlier, according to…
Defined contribution plan members saw a bounce-back in equity markets in the second quarter of 2020, boosting their gross income replacement ratios from the lows…
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…
For almost a year now, federal and provincial pension regulators have been busily trying to mitigate the coronavirus pandemic’s effects. Regulators have never been more…
Two unions representing nearly 1,000 employees of Sanofi Canada are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Both Unifor Local 1701…
The Pension Investment Association of Canada is expressing its support for the Financial Services Regulatory Authority of Ontario’s draft guidelines for pension plan sponsors dealing…
The coronavirus pandemic is highlighting many trends in group retirement and investment programs, pushing the industry to be flexible and quick with some of the newer offerings.…
Alberta’s Local Authorities Pension Plan is introducing a new secure section of its website where plan members can log in, access their personal account and…
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 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…
As reported in December 2019, Blake Hutcheson has succeeded Michael Latimer as the new chief executive officer of the Ontario Municipal Employees Retirement System, effective June…