OPSEU Pension Trust took a step to deepen the discussion institutional investors are having about climate change by releasing its own climate change scorecard this week, a Mercer report commissioned to assess and quantify the sensitivity of its investment portfolio to climate change risk. The report shows the estimated return implications under four climate scenarios and […]
Shows a 5.44 per cent drop in returns under most severe scenario.
Canadian pension plans have grown significantly over the past decade, a survey by Willis Towers Watson has found. Total pension assets were US$965 billion in 2006, compared to $1.6 trillion in 2016. The ratio of pension assets to gross domestic product grew by 30 percentage points in that decade, to 103 per cent in 2016 […]
Though Canada’s retirement income system was ranked eighth among 27 countries by the 2016 Melbourne Mercer Global Index, it also revealed the weaknesses in our retirement system. These weaknesses include that: three in four private sector workers don’t have access to an employer-sponsored pension plan; the level of household savings for middle-income earners is insufficient; […]
Last week, the Pension Investment Association of Canada was the latest group to lend its voice to the growing concern over the decumulation of Canadian’s retirement assets. Kevin Fahey, chair of the association, sent a letter to the minister of finance asking the government to update pension and tax regulations to address the lack of decumulation options […]
Pressure mounts on pension industry to manage longevity risk.
By the end of January, there will be enough new retirees to fill the Air Canada Centre, Jean-Philippe Provost, senior partner and wealth business leader at Mercer, said at an event in Toronto today. Currently, 5,000 Canadian workers retire each week, a number expected to jump to 8,000 by 2020. While retirees can expect to live, on average, […]
As Canada’s population ages and concerns about retirement income adequacy mount, employers will need to not only reassess their pension and benefits programs but also look at how they can manage changing workforce demographics. The number of older Canadians in the job market continues to increase, according to a recent Statistics Canada labour force survey. […]
When it comes to the cost of health benefits in 2017 and beyond, it’s no surprise industry experts are projecting increases across the board, from five to eight per cent for dental plans and up to 20 per cent for long-term disability coverage. So what are the trends for the coming year for the various […]
Panel discussion on the challenges and benefits of annuities.