buy-in annuities – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Tue, 30 Apr 2024 21:13:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits and pension stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-and-pension-stories-of-the-week-13/ Fri, 24 Jun 2022 13:00:45 +0000 https://www.benefitscanada.com/?p=123396 An article on Stelco Inc.’s $1.3 billion annuity buy-in for one of its defined benefit pension plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Stelco entering $1.3BN annuity buy-in for DB pension 2. KPMG allowing employees to work remotely from another province, country […]

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]]> ACPM provides feedback on proposed amendments to pension accounting standards https://www.benefitscanada.com/pensions/governance-law/acpm-provides-feedback-on-proposed-amendments-to-pension-accounting-standards/ Thu, 16 Jun 2022 13:00:57 +0000 https://www.benefitscanada.com/?p=122771 The Association of Canadian Pension Management is providing feedback on the Accounting Standards Board’s proposed amendments to the Chartered Professional Accountants of Canada’s handbook, including changes to sections covering defined benefit pension plan obligations and amalgamations. In an open letter responding to the board’s proposal, Ric Marrero, chief executive officer of the ACPM, said when […]

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]]> Canadian pension annuity transfers for Q3, Q4 2021 totalled record $6.6BN: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/canadian-pension-annuity-transfers-for-q3-q4-2021-totalled-record-6-6bn-report/ Thu, 02 Jun 2022 13:00:14 +0000 https://www.benefitscanada.com/?p=122178 The Canadian pension risk transfer market registered about $6.6 billion in annuity sales in the second half of 2021, far exceeding the activity of any previous calendar year, according to a new report by Eckler Ltd. It found total annual sales of about $7.7 billion were generated in 2021, with more than $200 million in business […]

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]]> Pension annuity transactions in Canada totalled $4.45BN in 2020: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/annuity-transactions-in-canada-totalled-4-45bn-in-2020-report/ Wed, 21 Jul 2021 19:00:26 +0000 https://www.benefitscanada.com/?p=104348 Despite market upheaval as a result of the coronavirus pandemic, the Canadian pension risk transfer market had its third-best year for group annuity transactions, according to Eckler Ltd.’s latest report. By the end of 2020, pension risk transfer market transactions totalled $4.45 billion, only slightly behind 2018’s $4.5 billion but below 2019’s $5.2 billion, noted the report. […]

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]]> Pension de-risking and the coronavirus – what now? https://www.benefitscanada.com/canadian-investment-review/strategies/pension-de-risking-and-the-coronavirus-what-now/ https://www.benefitscanada.com/canadian-investment-review/strategies/pension-de-risking-and-the-coronavirus-what-now/#respond Tue, 26 May 2020 04:37:10 +0000 https://cumulus.benefitscanada.com/uncategorized/pension-de-risking-and-the-coronavirus-what-now/ It’s hard to believe that just recently, people weren’t cutting their own hair or binge-watching Tiger King. At the beginning of the year, defined benefit funding levels were at record highs and many pension plan sponsors were considering reducing their pension risk. Fast forward a few months and the novel coronavirus has turned the world […]

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