Latest news in Retirement

Mohawk College Foundation moving group RRSPs into DB pension

Mohawk College Foundation moving group RRSPs into DB pension

The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which…

  • By: Staff
  • August 27, 2020 November 30, 2020
  • 08:45
Would Quebecers benefit from a higher eligibility age for QPP?

Would Quebecers benefit from a higher eligibility age for QPP?

Quebecers are more likely to start taking benefits from the Quebec Pension Plan at age 60 than other Canadians with their Canada Pension Plan benefits, according…

  • By: Staff
  • August 26, 2020 November 30, 2020
  • 10:00
IIAC calling for retirement savings, EI reform in federal budget

IIAC calling for retirement savings, EI reform in federal budget

The Investment Industry Association of Canada is calling on the federal government to make improvements to tax-assisted retirement savings programs, modernize the country’s employment insurance…

  • By: Staff
  • August 17, 2020 November 30, 2020
  • 08:45
2020 Top 100 Pension Funds Report: How have Canada’s DB pensions changed over the last decade?

2020 Top 100 Pension Funds Report: How have Canada’s DB pensions changed over the last decade?

Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking…

Older Canadians coping better than younger demographics in pandemic: study

Despite the coronavirus pandemic’s severe and disproportionate impact on the health of aging adults, older Canadians say they’re coping far better than younger demographics, according…

  • By: Staff
  • August 5, 2020 November 12, 2020
  • 08:45
iA Financial Group appoints Éric Jobin as EVP, group benefits and retirement solutions

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…

  • By: Staff
  • July 31, 2020 November 12, 2020
  • 15:00

Retroactive pay, pension, insurance increases in new agreement for postal workers

Canada Post Corp. employees and some retirees are receiving retroactive wage increases, as well as adjustments to their disability and life insurance and pensions, through two new…

New report highlights financial considerations of delaying CPP payments

New report highlights financial considerations of delaying CPP payments

A retiree faces a 50 per cent probability of receiving more income by delaying Canada Pension Plan payments, according to a new report by the…

  • By: Staff
  • July 30, 2020 November 30, 2020
  • 15:15
Navacord acquiring Ontario-based benefits firms

Navacord acquiring Ontario-based benefits firms

Navacord Corp. is acquiring Ontario-based firms Selectpath Benefits and Financial Inc. and ProBenefits Consulting Inc., more than doubling its benefits revenue. With a strong presence…

  • By: Staff
  • July 23, 2020 November 12, 2020
  • 15:15
Most Canadians don’t understand CPP, OAS deferral options: survey

Most Canadians don’t understand CPP, OAS deferral options: survey

When it comes to retirement benefits like the Canada Pension Plan and old-age security, the majority of Canadians don’t understand their options for deferral, according…

  • By: Staff
  • July 23, 2020 November 12, 2020
  • 09:15
‘New reality’ of workplace includes virtual health care, enhanced mental-health support: survey

‘New reality’ of workplace includes virtual health care, enhanced mental-health support: survey

The coronavirus pandemic is dramatically affecting workplaces, employers and employees across Canada, according to a new survey by the International Foundation of Employee Benefit Plans.…

  • By: Staff
  • July 16, 2020 November 30, 2020
  • 15:15
Canadians prioritizing emergency savings over retirement, other long-term goals: survey

Canadians prioritizing emergency savings over retirement, other long-term goals: survey

Among Canadians with a retirement plan, 77 per cent said they’re confident they’ll have enough money to last the rest of their lives, compared to…

  • By: Staff
  • July 9, 2020 November 12, 2020
  • 15:15

University of Ottawa support staff reject ‘final offer’ including cuts to certain benefits

The bargaining unit representing University of Ottawa support staff has voted down a so-called final offer from the university by 80 per cent. The unit, which…

Nova Scotia’s PSSP reports 98.5% funded status, halts indexing

Nova Scotia’s PSSP reports 98.5% funded status, halts indexing

Nova Scotia’s Public Service Superannuation Plan reported a 98.5 per cent funded status as of Dec. 31, 2019 and said it will halt cost-of-living adjustments for retirees for the…

  • By: Staff
  • July 2, 2020 November 30, 2020
  • 08:45

Financial wellness more important than ever during coronavirus

During the coronavirus pandemic, employers and employees have seen major changes to their group retirement plans. For example, many employees who were able to continue working…

Canadians reducing retirement savings due to coronavirus

More than a third (40 per cent) of pre-retirees have a negative outlook on their life in retirement, the highest rates of negative retirement perception…

  • By: Staff
  • June 29, 2020 February 2, 2022
  • 15:15
Majority of Canadians are prepared for retirement: report

Majority of Canadians are prepared for retirement: report

More than 80 per cent of Canadians aged 25 to 64 are prepared for retirement and the vast majority have a high probability of being…

  • By: Staff
  • June 29, 2020 November 30, 2020
  • 09:15
Morneau Shepell appointing new retirement solutions partner

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…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 15:00

Alberta panel recommending province withdraws from CPP, creates Alberta Pension Plan

Alberta’s Fair Deal panel is recommending that the provincial government withdraws from the Canada Pension Plan and creates its own, subject to a referendum. “The panel…

Editorial: More insights from the 2020 CAP Member Survey

Editorial: More insights from the 2020 CAP Member Survey

As you’ll read in this issue’s cover story, our 2020 CAP Member Survey was fielded at the end of March and early April, targeting respondents…

2020 CAP Member Survey webinar: Challenges ahead

2020 CAP Member Survey webinar: Challenges ahead

As if preparing for retirement wasn’t already a steep challenge, along comes the coronavirus pandemic and its impact on the global economy, throwing up even…

How the OPB mixes guidance, support and advice to optimize pension member decisions

Pension plan members are buffeted from all sides by information on retirement options — some reliable, some not — especially now that the coronavirus pandemic…

How are global retirement systems faring in the wake of coronavirus?

How are global retirement systems faring in the wake of coronavirus?

A new paper is evaluating how global retirement systems are faring in the wake of the coronavirus pandemic and what reforms will be required to facilitate…

DB regulations a bad fit for target-benefit plans, MEPPs: report

DB regulations a bad fit for target-benefit plans, MEPPs: report

Canada’s pension regulations have been designed to govern defined benefit plans and are a bad fit for target-benefit and multi-employer pension plans, according to a…

  • By: Staff
  • June 11, 2020 November 30, 2020
  • 09:30

Financial wellness programs should stress capability, not just literacy: webinar

With many Canadians dealing with financial stress, employers are uniquely positioned to help, but their financial wellness programs must go beyond just literacy. “[Everyone] has heard the term…