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