With pension liabilities rising to record levels, many individuals are facing hard choices as a result. Should they delay retirement or lower their retirement standard…
Enrollments in public sector pension plans have been growing at twice the rate as growth for private sector employment levels, meaning Canadians could face higher…
Ontario Teachers’ Pension Plan (Teachers’) has completed the sale of its ownership stake in Maple Leaf Sports and Entertainment (MLSE) to Bell and Rogers Communications…
Marc Poupart, divisional vice-president, pension and retirement programs, with Hudson's Bay Company (HBC), discusses his company's extensive DC retiree base.
The Caisse de dépôt et placement du Quebec has posted a weighted average return of 3.5% on its portfolio in the first six months of…
Pooled registered pension plans (PRPPs) will be attractive to employers that wish to shed the risks associated with the fiduciary obligations for employers that offer…
The pooled registered pension plan (PRPP)—proposed by the federal government in response to the lack of pension coverage across Canada—may also help to resolve employers’…
The shift to more complicated arrangements that require additional communication also means there is a greater role for advisors in the decision-making process.
A sophisticated and well-executed group retirement savings plan can take many shapes and sizes depending on the type of company.
The federal government has prepublished regulatory proposals to address provisions of the Pooled Registered Pension Plans Act (Bill C-25), says Ted Menzies, Minister of State…
If one of the most effective ways to control costs is to have employees become better consumers, then they need to understand the benefits available…
After years of waiting for its DC plan members to turn into amateur investment managers, Marc Poupart, divisional vice-president, pension and retirement programs, with Hudson’s…
In much of the western world, DB plans are on the endangered list. In some countries, such as Australia, these plans are virtually extinct.
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…