The whole world is watching to see what President Donald Trump will say or do next — and Canada’s institutional investors are no exception. When the Caisse de dépôt et placement du Québec reported its annual results in February, its president and chief executive officer, Michael Sabia, said the world was experiencing an unprecedented level […]
Great-West Lifeco Inc.’s net earnings fell slightly from the previous year as its assets under management grew to more than $675 billion. The company’s profits for the quarter ended March 31 were $591 million, down from $620 million in the same quarter a year earlier. Great-West Life said in its quarterly earnings on Thursday it […]
Roughly a third of U.S. employers (38 per cent) offer paid parental leave to new parents, according to a report from WorldatWork and Mercer. There’s no federal mandate to offer paid leave, although some states and municipalities, such as California, San Francisco, New York, New Jersey and Hawaii, require organizations to do so. “Increased public attention, employee […]
How are different countries tackling decumulation?
The Public Employees Benefits Agency, which administers the pension plan for public sector employees in Saskatchewan, has been looking at how to support members around decumulation for several years. “It’s a big issue. If you think about it, many people in a defined contribution plan go into a default fund and stay there forever. So […]
The median solvency ratio of Canadian defined benefit pension plans hit its highest level since before the 2007 financial crisis, according to the latest quarterly pension plan solvency survey by Aon Hewitt. On April 1, 2017, median solvency stood at 96.7 per cent, up nearly two percentage points since the beginning of the year. In […]
Canadian pensions’ solvency ratio holds steady through Q1.
In its report on employer pension plans in Canada published earlier this month, Statistics Canada noted the overwhelming majority of plan members are in trusteed arrangements. Of the 6.2 million members of employer-sponsored pension plans, 5.2 million are in arrangements managed by trusteed funds. But when it comes to just the defined contribution side of […]
Saving enough for retirement is a major challenge for many employees, so when a company’s plan design allows its staff to accumulate 15 per cent of their earnings and they only have to contribute five per cent themselves, it’s no surprise that nearly everyone is eager to jump on board. BASF Canada Inc.’s defined contribution […]
When Britain’s former economic watchdog, the Office of Fair Trading, published a report in 2013 about the country’s workplace defined contribution pension market, it was the latest call in the country’s ongoing conversation about pension governance and delivering value for money to plan members. The report estimated more than 186,000 pension plans in the country […]