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OSFI appoints new chief actuary

The Office of the Superintendent of Financial Institutions’ office of the chief actuary has appointed Assia Billig as chief actuary, effective April 15, 2019. She will succeed Jean-Claude Ménard, who will retire in mid-April after 20 years as chief actuary. Billig has worked in the office of the chief actuary for more than a decade, specializing in actuarial […]

  • By: Staff
  • March 6, 2019 September 13, 2019
  • 09:30
A road map to clarity on the multi-employer pension plan promise

While there are nuances, I consider a target-benefit plan to be one that determines benefits to members on a defined benefit basis while setting out employer contributions on a defined contribution basis. To allow for that mix, target-benefit plans permit benefit reductions when contributions fall short. My goal is to share what I consider an […]

  • By: Joe Nunes
  • August 10, 2018 September 13, 2019
  • 08:53
Conduent sells HR consulting, actuarial businesses

Conduent Inc. is selling its consulting business formerly known as Buck Consultants. This week, the company announced a deal with a private equity investment firm, H.I.G. Capital, to sell its Canada- and Britain-based human resources consulting and outsourcing businesses. The deal also includes Conduent’s U.S.-based human resources consulting and actuarial business. The business, formerly known […]

  • By: Staff
  • May 2, 2018 September 13, 2019
  • 10:04
GroupHEALTH names Gary Walters senior VP, underwriting

GroupHEALTH Benefit Solutions has appointed Gary Walters as senior vice-president of underwriting. In the new role, Walters will be based out of GroupHEALTH’s Barrie, Ont. office, and will oversee underwriting projects for all of GroupHEALTH’s companies across Canada, which also include offices in Vancouver, Surrey, B.C., Edmonton and Etobicoke, Ont. Read: GroupHEALTH partners with GMS Insurance […]

  • By: Staff
  • January 19, 2018 September 13, 2019
  • 08:00
Plan sponsors to consider new mortality improvement scale

The Canadian Institute of Actuaries has published a new mortality improvement scale as part of an effort to better reflect Canadians’ increased longevity and harmonize actuarial work in the pension and life insurance industries. The organization put together a task force to look into mortality improvement last year and, following a consultation process, issued a report in September. The report provided […]

The Trouble With Pensions

Malcolm Hamilton's history of DB mistakes and why targeted benefit plans are a solution.

  • May 17, 2012 September 13, 2019
  • 12:28