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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…

Half of Canadians skipping RRSP contributions in 2021: survey

Canadians are skipping contributions to their registered retirement savings plans and considering a delayed retirement amid the coronavirus pandemic, according to a new survey by…

  • By: Staff
  • February 16, 2021 February 17, 2021
  • 09:00
HOOPP surpasses 400,000 plan members

HOOPP surpasses 400,000 plan members

The Healthcare of Ontario Pension Plan recently surpassed 400,000 plan members, more than doubling since 2013 when it passed the 200,000 member mark. It added…

  • By: Staff
  • February 9, 2021 February 16, 2021
  • 09:00
Navacord acquiring Ontario-based benefits firm

Navacord acquiring Ontario-based benefits firm

Navacord Corp. is further expanding its group benefits business by acquiring Penmore Benefits Inc. A division of The Penmore Group, Concord, Ont.-based Penmore Benefits Inc., provides…

  • By: Staff
  • February 8, 2021 February 8, 2021
  • 09:00
32% of Canadians delaying retirement due to coronavirus pandemic: survey

32% of Canadians delaying retirement due to coronavirus pandemic: survey

While the rollout of vaccines has the world cautiously optimistic about an economic recovery, a Scotiabank survey shows the coronavirus pandemic has Canadians concerned about their retirement…

  • By: Staff
  • January 25, 2021 January 25, 2021
  • 09:00
Strength in numbers at the Community and Women’s Groups Member Funded Pension Plan

Strength in numbers at the Community and Women’s Groups Member Funded Pension Plan

Many employees in the non-profit sector dedicate their lives to helping others. In 2008, a new pension plan was launched to help provide them with…

Canadians taking CPP at 60 losing $100,000+ in retirement income: study

Canadians taking CPP at 60 losing $100,000+ in retirement income: study

The average Canadian taking  Canada/Quebec Pension Plan benefits at age 60 instead of waiting until 70 can expect to lose more than $100,000 of secure lifetime…

  • By: Staff
  • December 11, 2020 January 19, 2021
  • 15:30

Morneau Shepell appointing new retirement solutions partner

Morneau Shepell Ltd. is appointing Glen Oikawa as a client relationship partner, retirement solutions partner and Calgary office leader. In the new role, he’ll focus on…

  • December 10, 2020 January 22, 2021
  • 19:05
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iA Financial Group appoints Éric Jobin as EVP, group benefits and retirement solutions

iA Financial Group is appointing Éric Jobin as executive vice-president of group benefits and retirement solutions. Jobin had been in the role, on an interim basis, since March 2020. He…

  • December 10, 2020 January 22, 2021
  • 18:55
Economic statement includes new rules for employee stock options

Economic statement includes new rules for employee stock options

In Monday’s fall economic statement, the federal government proposed changes to employee stock option rules and offered additional support for essential workers. The statement provided an…

  • By: Staff
  • December 1, 2020 December 1, 2020
  • 10:30
Provinces asking feds to delay bump in CPP premiums

Provinces asking feds to delay bump in CPP premiums

Provincial finance ministers have been quietly prodding Finance Minister Chrystia Freeland to pause planned increases in the premiums employers and employees pay into the Canada Pension…

Morneau Shepell appointing Gavin Benjamin as partner, retirement solutions

Morneau Shepell appointing Gavin Benjamin as partner, retirement solutions

Morneau Shepell Ltd. is appointing Gavin Benjamin as partner in its retirement solutions business. With more than 30 years of experience in the pension industry,…

  • By: Staff
  • November 20, 2020 January 19, 2021
  • 09:10
Arthritis Society focusing on responsive approach to financial education

Arthritis Society focusing on responsive approach to financial education

With the ongoing coronavirus pandemic raising economic concerns, the Arthritis Society is taking a responsive approach with its Financial Literacy Month initiatives during the month…

  • By: Blake Wolfe
  • November 16, 2020 November 16, 2020
  • 09:00
Coalition of experts creating roadmap for implementing VPLAs

Coalition of experts creating roadmap for implementing VPLAs

The Global Risk Institute is bringing together experts from various institutions to build a roadmap for implementing variable payment life annuities to achieve lifetime income…

  • By: Staff
  • November 5, 2020 January 19, 2021
  • 08:45
B.C.’s NDP developing benefits, pension supports for gig workers

B.C.’s NDP developing benefits, pension supports for gig workers

On the heels of winning re-election in British Columbia, the New Democratic Party’s work is just beginning, particularly in delivering on its promise to extend…

CPP maximum pensionable earnings to rise in 2021

CPP maximum pensionable earnings to rise in 2021

The maximum pensionable earnings under the Canada Pension Plan for 2021 are increasing to $61,600, from $58,700 in 2020. The new ceiling was calculated according to a CPP…

  • By: Staff
  • November 4, 2020 November 4, 2020
  • 08:45
CAP income replacement levels up from all-time lows in March: report

CAP income replacement levels up from all-time lows in March: report

The average gross income replacement ratio for a typical defined contribution plan member was up at the end of September, according to Eckler Ltd.’s latest…

  • By: Staff
  • November 2, 2020 January 19, 2021
  • 15:00
Canadians plan to work longer, fear finances won’t recover after pandemic, finds surveys

Canadians plan to work longer, fear finances won’t recover after pandemic, finds surveys

While working Canadians expect to retire, on average, at age 62, they’ll require $878,000 in retirement savings, more than twice the amount of current retirees,…

  • By: Staff
  • October 29, 2020 January 19, 2021
  • 15:00
Should Canadian employers consider offering emergency savings plans?

Should Canadian employers consider offering emergency savings plans?

With Canadian employees feeling the toll the coronavirus pandemic is taking on the economy, should policy-makers facilitate the use of workplace emergency savings plans? “We…

Canadians prioritizing financial wellness planning in pandemic economy: survey

Canadians prioritizing financial wellness planning in pandemic economy: survey

After nine months of uncertainty in the financial markets and with no end in sight to the coronavirus pandemic, more and more Canadian workers are…

  • By: Staff
  • October 27, 2020 October 27, 2020
  • 15:15
CLHIA’s Ontario budget submission highlights drug access, inflexible pension plans

CLHIA’s Ontario budget submission highlights drug access, inflexible pension plans

In its 2020 budget submission to the Ontario government, the Canadian Life and Health Insurance Association is highlighting a lack of access to affordable prescription drugs and…

  • By: Staff
  • October 26, 2020 October 26, 2020
  • 15:15
Onus increasingly on employees to plan for retirement but employers still play role

Onus increasingly on employees to plan for retirement but employers still play role

While pension plan sponsors and the government have roles to play when it comes to retirement, it’s increasingly up to individual employees to ensure they…

Coronavirus pandemic affecting retirement plans, savings: survey

Coronavirus pandemic affecting retirement plans, savings: survey

Many Canadians are seeing the impact of the ongoing coronavirus pandemic on their retirement plans and ability to save, according to a new survey by…

  • By: Staff
  • October 23, 2020 October 23, 2020
  • 15:15
Despite market uncertainty, Canada maintains No. 9 position in global retirement rankings

Despite market uncertainty, Canada maintains No. 9 position in global retirement rankings

Canada’s retirement income system scored ninth place for the second year in a row, securing a “B” rating in spite of uncertainty in the markets…

  • By: Staff
  • October 20, 2020 January 19, 2021
  • 15:00