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Quebec tables bill allowing target-benefit pension plans

Quebec tables bill allowing target-benefit pension plans

Quebec is one step closer to allowing employers to introduce target-benefit pension plans.  On Wednesday, Eric Girard, Quebec’s minister of finance, tabled Bill 68, which was…

  • By: Staff
  • October 8, 2020 January 19, 2021
  • 08:46

Hub acquiring Edmonton-based retirement, benefits firm

Hub International Ltd. is acquiring Clearpoint Benefits Solutions, which includes Clearpoint Advisory Group Inc., Clearpoint Retirement Solutions Inc. and Canwest Group Benefits Inc. Clearpoint, which is…

  • By: Staff
  • October 6, 2020 November 16, 2020
  • 15:15

HR teams focusing on total rewards, not just salary, for 2021

Many human resources teams that are planning 2021 salary adjustments and possible changes to total rewards programs need to focus on immediate ways to keep employee morale…

Most Canadians would choose greater retirement security over more money now: survey

Three-quarters (74 per cent) of Canadians said they’d accept a slightly lower salary in exchange for a better — or any — pension plan, according…

  • By: Staff
  • September 29, 2020 November 30, 2020
  • 09:05
Coronavirus prompting CAP sponsors to review TDF suites

Coronavirus prompting CAP sponsors to review TDF suites

My last column, in April, talked about how Canadian target-date fund suites behaved differently during the first quarter of this year, where markets were reacting…

PIAC comments on FSRA’s plan for missing plan members

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…

  • By: Staff
  • September 23, 2020 November 26, 2020
  • 09:30

FSRA allowing DB pension sponsors to defer contributions until 2021

The Financial Services Regulatory Authority of Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with…

  • By: Staff
  • September 23, 2020 December 6, 2020
  • 07:53
Four trends in group retirement, investment programs

Four trends in group retirement, investment programs

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.…

  • September 22, 2020 November 26, 2020
  • 08:45

Ontario allowing DB pension sponsors to defer contributions until 2021

The government of Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with their organization’s cash flow during…

  • By: Staff
  • September 22, 2020 November 30, 2020
  • 08:45

Canadian workers saving more during coronavirus but still suffering financial stress: survey

While 62 per cent of working Canadians said they’re able to save more than five per cent of their paycheque in 2020, compared to 59…

  • By: Staff
  • September 21, 2020 November 17, 2020
  • 09:15

CIA, FTSE Russell partner on commuted-value calculation

The Canadian Institute of Actuaries has selected FTSE Russell to represent the provincial and investment-grade corporate bond spread to be used for the CIA’s new…

  • By: Staff
  • September 18, 2020 November 30, 2020
  • 15:15
Guardian Capital teaming up with Moshe Milevsky on portfolio longevity solutions

Guardian Capital teaming up with Moshe Milevsky on portfolio longevity solutions

Guardian Capital is forming a collaboration with Moshe Milevsky, a professor of finance at York University’s Schulich School of Business, that focuses on retirement finance. As an academic, Milevsky…

  • By: Staff
  • September 18, 2020 November 12, 2020
  • 09:03
Tips for helping staff piece together their retirement income puzzle

Tips for helping staff piece together their retirement income puzzle

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.…

Pension benefits continue to lead growth in Canadian insurance industry: CLHIA

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…

  • By: Staff
  • September 16, 2020 November 30, 2020
  • 09:00

2020 Consultants Report: Pandemic will fundamentally change benefits, pension plans

The coronavirus pandemic is fundamentally changing the future of work and, very likely, the nature of employer-sponsored benefits and pension plans. Looking to the end…

DC plan member education increasingly important: report

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…

  • By: Staff
  • August 5, 2020 December 6, 2020
  • 08:38

Newfoundland and Labrador residents can now unlock pension benefits

Newfoundland and Labrador residents can now unlock benefits held in locked-in retirement savings arrangements for reasons of financial hardship or non-residency in Canada. The changes…

  • By: Staff
  • March 3, 2021 March 3, 2021
  • 09:00

CLHIA calling for flexible annuity options, changes to TFSA rules

The Canadian Life and Health Insurance Association is calling on the federal government to provide Canadians with access to more-secure retirement income. In its submission…

  • By: Staff
  • March 1, 2021 March 1, 2021
  • 15:00

Canada’s pension system gets top grades in new benchmark

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…

  • By: Staff
  • February 23, 2021 February 24, 2021
  • 15:00

Alberta’s LAPP introducing new pension portal for members

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…

  • By: Staff
  • August 20, 2020 November 26, 2020
  • 15:00

FSRA updates guidance for pension plans concerned about filing deadlines

The Financial Services Regulatory Authority of Ontario is updating its guidance for pension plans around filing deadlines and member communications. The update reflects the government of Ontario’s regulations…

  • By: Staff
  • June 23, 2020 November 26, 2020
  • 09:30

How Canadian legislation is moving to solve issue of missing pension members

While there isn’t reliable data on just how many people are disconnected from their old pension plans, the federal government says the number could be…

Pension funds saving with in-house asset management: survey

Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from…

  • By: Staff
  • March 3, 2021 March 3, 2021
  • 09:00

CPPIB appointing John Graham as CEO following resignation of Mark Machin

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…

Canadian employer pension plans’ asset value rebounds to $2.12 trillion: report

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…

  • By: Staff
  • February 25, 2021 February 25, 2021
  • 10:00