Canada has a long list of laggards.
A growing number of pension plan administrators are dealing with with the onerous task of tracking down missing plan members who have retired, according to speakers at an event hosted by the Association of Canadian Pension Management on Wednesday. The Ontario Teachers’ Pension Plan has 34,000 inactive members for whom it has no address or an incorrect […]
As a result of slow global growth, low interest rates and market volatility, the Ontario Municipal Employees Retirement System (OMERS) saw its net investment return slide to 6.7% in 2015, down from 10% in 2014. While the pension plan’s 2015 net return for public investments was 0.7%, down from 11% in 2014, it saw the net […]
A federal-provincial gathering of finance ministers reached rare consensus Monday on the polarizing subject of Canada Pension Plan (CPP) reform—they agreed to keep debating it. Federal Finance Minister Bill Morneau emerged from two days of discussions with his provincial and territorial counterparts to explain that the group will reconvene midway through 2016 to continue their […]
Provincial and territorial finance ministers are sitting down today with federal counterpart Bill Morneau in Ottawa to discuss expanding the Canada Pension Plan (CPP) as well as economic challenges. The ministers hope to learn more about federal Liberal government’s election promises, many of which touch on a broad range of issues likely to affect the […]
Canada’s ten largest public pension funds saw their assets under management triple between 2003 and 2014. But some economists worry that these mega players aren’t fully prepared for the future because they’re ignoring a major risk: climate change. The pension funds saw their total assets under management jump from $385 billion in 2003 to more […]
Here's a review of people on the move in April 2015.
Capital accumulation plans (CAPs) already help 2.4 million Ontario workers save for a good retirement and can largely solve the under-saving gap. The proposed Ontario Retirement Pension Plan (ORPP) should therefore not be mandatory for employers who already have a well-designed workplace plan in place for their employees—whether a DC pension plan (DCPP), group RRSP or deferred profit sharing plan (DPSP)—especially if those plans already involve employer contributions that are equal to or greater than the 1.9% rate proposed under the ORPP.
Here's a review of the people on the move in January 2015.
Less than two-thirds of Canadians are confident about their financial knowledge, according to Statistics Canada’s Canadian Financial Capability Survey. And that figure hasn’t changed since 2009, when it was 60%, said Financial Literacy Leader Jane Rooney at an Economic Club event on Dec. 10. She added the preliminary results of this year’s survey show savings […]