When global HR consulting firm Mercer decided in November 2012 to transfer much of its Canadian pension and group benefits outsourcing business to competitor Morneau…
Employees are staying into the workforce for much longer than their parents and grandparents did. There are both social and financial reasons driving this trend.…
Canadians now are living longer and healthier lives than the generations past. According to Statistics Canada, Canadians are already living about 20 years past age…
The Supreme Court of Canada says several major public unions are not entitled to a $28-billion pension surplus that the government hived off to help…
With governments and media constantly focused on Canadians’ lack of retirement savings—and high levels of household debt—the time may be right for employees to finally…
At Benefits Canada's fourth annual Defined Benefit Summit in Toronto last week, the theme Keeping DB Alive was taken to heart as speakers not only…
Sun Life Financial Inc. today announced that Delaware Life Holdings—a company owned by shareholders of Guggenheim Partners—will purchase Sun Life’s domestic U.S. annuity business and…
Bill Morneau called it the “perfect cure” for insomniacs. Fred Vettese noted that people who bought the book on Amazon.ca also bought Dark Night Rises.
Disappointingly few Canadians are participating in their workplace retirement savings plans. Those who do aren’t paying much attention. So capital accumulation plan (CAP) sponsors are…
The New Brunswick government has introduced Bill 20, An Act to Amend the Pension Benefits Act. Among other things, Bill 20 will afford protections for…
The 2012 DB Summit, held today in Toronto, will explore recommendations and practical strategies to make DB sustainable for future generations of Canadian workers.
Bell Canada is taking steps to improve the funded status of its DB plan by making a $750-million payment into it.
For group retirement plan sponsors, the formula for getting employees interested in their plans is elusive. Education, promotions, contests—sponsors have tried just about everything to…
In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former…
Simply put, a glide path is a calculation designed to support an employee’s desired retirement timeline through investments in a target-date fund. When an employee…
Employer-sponsored retirement plans that offer matching contributions can help younger workers retire earlier and with more money, according to a new report by Mercer Canada.…
In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s…
A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the…
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,…
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…
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…
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…
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 Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
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…