Latest news in Retirement

Most pension funds barely scratching surface on sustainable investment

Most pension funds barely scratching surface on sustainable investment

The recent federal election highlighted interest in climate change, as well as the potential impacts on communities and the population, with the issue No. 1…

  • November 12, 2019 November 12, 2020
  • 08:15
Quebec to introduce bill allowing target-benefit pension plans

Quebec to introduce bill allowing target-benefit pension plans

The Government of Quebec is planning to introduce a bill in the spring of 2020 that would allow employers in the province to implement target-benefit pension plans.…

  • By: Staff
  • November 11, 2019 November 30, 2020
  • 08:45

Hub acquiring Manitoba benefits consultancy

Hub International Ltd. has acquired the assets of Winnipeg-based benefits consulting firm W.R. Carey Corp. W.R. Carey provides a wide range of programs to employers,…

  • By: Staff
  • November 8, 2019 November 12, 2020
  • 15:00
Great-West Life adding Koho spending account to group retirement plans

Great-West Life adding Koho spending account to group retirement plans

In tandem with Financial Literacy Month, Great-West Life Assurance Co. is adding Koho’s full-service spending account to select group retirement savings plans. The accounts are…

  • By: Staff
  • November 7, 2019 November 12, 2020
  • 08:00
How pension policy reform in Asia is addressing retirement income security

How pension policy reform in Asia is addressing retirement income security

Governments in Asia are stepping up their pension reforms to boost retirement savings adequacy, potentially generating business opportunities for asset managers operating in the region.…

  • By: Staff
  • November 6, 2019 February 23, 2021
  • 09:00
Maximum pensionable earnings under CPP to rise in 2020

Maximum pensionable earnings under CPP to rise in 2020

Maximum pensionable earnings under the Canada Pension Plan are rising from $57,400 to $58,700 for 2020. The increase takes into account the growth in average weekly wages…

  • By: Staff
  • November 4, 2019 November 30, 2020
  • 09:45
Will new changes to federal insolvency laws protect retirees?

Will new changes to federal insolvency laws protect retirees?

Pensions have been imperilled by corporate insolvency before, but three new amendments to federal laws may create stronger protections for employees and retirees. Changes to the…

VIA Rail, Unifor collective bargaining includes strengthening pension plan

Via Rail, Unifor collective bargaining includes strengthening pension plan

Unifor locals representing Via Rail Canada Inc. employees have opened bargaining in Montreal as contracts are set to expire for more than 2,000 members. Members…

U.S. lessons for Canadian DC pension plans

U.S. lessons for Canadian DC pension plans

Defined contribution plan sponsors have a tough job. “Every day that goes by, DC is getting harder and harder to solve for,” said Lorie Latham,…

Award finalists talk employee engagement, return on investment

Award finalists talk employee engagement, return on investment

When it comes to engaging employees on matters of financial and personal wellness, it’s increasingly clear one size no longer fits all. In a roundtable…

More employers considering eliminating waiting period to join pension plans: report

More employers considering eliminating waiting period to join pension plans: report

More plan sponsors are considering eliminating the waiting period for employees to join their pension plan, at least for employee contributions, according to a new report…

  • By: Staff
  • October 30, 2019 November 30, 2020
  • 08:30
Goodyear Canada awarded for pun-filled pension communications

Goodyear Canada awarded for pun-filled pension communications

According to Goodyear Canada Inc., pension communications don’t have to be boring — and it’s not afraid to use puns to make its employees pay…

Liberals’ election win implications for pharmacare, pension legislation

Liberals’ election win implications for pharmacare, pension legislation

The Liberal Party of Canada is set to form a minority government after Tuesday’s federal election when it won 157 out of 338 seats. While the party made…

  • By: Staff
  • October 22, 2019 November 30, 2020
  • 10:30
Canada’s retirement system ranked 9th in the world

Canada’s retirement system ranked 9th in the world

Canada’s retirement system jumped one spot to ninth place in Melbourne Mercer’s annual global pension index. Comparing 37 global retirement systems, the report found the Canadian system…

  • By: Staff
  • October 22, 2019 November 30, 2020
  • 09:30
Editorial

Editorial: Federal election promises must focus on Canada’s evolving workforce

It’s an election year and, of course, I have a lot of opinions. But I’ll try to keep my political leanings as neutral as possible…

Head to head: Is it time to change the retirement age?

Head to head: Is it time to change the retirement age?

As the pension industry faces shifting demographics and rising longevity, and both the former and current federal governments have taken opposite positions on changing the…

The pension industry’s role in talking to employees about debt

The pension industry’s role in talking to employees about debt

Imagine a scenario where an employee can’t afford to opt into their company’s defined contribution pension plan because of debt. Regardless of whether it’s a…

New report urges organizations to get workforce ‘age-ready’

New report urges organizations to get workforce ‘age-ready’

An organization that leverages its more experienced workforce — employees aged 50 years and older — will be well-positioned for the future of work, according…

  • By: Staff
  • October 17, 2019 November 12, 2020
  • 09:00

What pension issues are parties highlighting in run-up to federal election?

As the federal Conservative Party finally introduced its election platform last week, it included a number of provisions around pension plan solvency and retirement security.…

  • By: Staff
  • October 15, 2019 November 30, 2020
  • 15:15
Why plan sponsors should be concerned about pension management fees

Why plan sponsors should be concerned about pension management fees

While group retirement compliance is a legal requirement in the U.S., Canadian plan sponsors only have a set of guidelines and best practices to follow.…

  • October 15, 2019 November 30, 2020
  • 08:30
80% of Canadians would prefer pension improvements over salary increase: HOOPP

80% of Canadians would prefer pension improvements over salary increase: HOOPP

Most (80 per cent) Canadians said they’d rather have an improved pension, or any pension, than a higher salary, according to new research by the Healthcare…

Hub acquiring Ontario-based benefits, retirement firm

Hub acquiring Ontario-based benefits, retirement firm

Hub International Ltd. is acquiring ProCorp Financial Inc., an Ottawa-based boutique benefits and retirement consulting firm. Hugh Doyle, president of ProCorp Financial, will join Hub Ontario and…

  • By: Staff
  • October 7, 2019 November 12, 2020
  • 09:00
Canadians increasingly putting retirement savings on back burner: survey

Canadians increasingly putting retirement savings on back burner: survey

As Canadians struggle to make ends meet and manage growing debt, they’re increasing putting their future financial plans — including retirement — on the back…

  • By: Staff
  • September 30, 2019 November 12, 2020
  • 16:00
OMA rolling out collective pension plan for physicians

OMA rolling out collective pension plan for physicians

The Ontario Medical Association is partnering with Common Wealth to offer its physician members and their spouses access to a retirement plan. The Advantages Retirement Plan,…

  • By: Staff
  • September 27, 2019 November 30, 2020
  • 09:00
Canada ranks 8th for retiree well-being in global retirement index

Canada ranks 8th for retiree well-being in global retirement index

Canada has risen one spot, to No. 8, on a list of the countries that provide the best retirement security. The annual list, from Natixis Investment Managers,…

  • By: Staff
  • September 23, 2019 November 12, 2020
  • 10:00