buyout annuity – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Increased protection limits for annuities encouraging DB pension plan sponsors to de-risk: expert https://www.benefitscanada.com/pensions/defined-benefit-pensions/increased-protection-limits-for-annuities-encouraging-db-pension-plan-sponsors-to-de-risk-expert/ Thu, 22 Jun 2023 13:00:42 +0000 https://www.benefitscanada.com/?p=140158 An increase in the protection limit for defined benefit pension plan members’ assets invested in annuities is making it easier for plan sponsors to de-risk, says Mary Kate Archibald, a principal at Eckler Ltd. Assuris, the not-for-profit organization that protects a portion of retirement benefits from annuities in the event of an insurer’s insolvency, now covers up to $5,000 […]

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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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]]> What do rising inflation, interest rates mean for pension de-risking? https://www.benefitscanada.com/archives_/benefits-canada-archive/what-do-rising-inflation-interest-rates-mean-for-pension-de-risking/ Fri, 18 Mar 2022 12:56:34 +0000 https://www.benefitscanada.com/?p=117924 After navigating the unpredictable markets of the past two decades, some defined benefit pension plan sponsors could be forgiven for wanting to seek out some certainty. But a new threat has emerged in the form of rapidly rising inflation and the possibility of rate increases after decades of persistent lows. The consumer price index increased […]

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]]> Navistar Canada buys group annuity contracts https://www.benefitscanada.com/canadian-investment-review/db-investments/navistar-canada-buys-group-annuity-contracts-to-protect-db-pension-2/ https://www.benefitscanada.com/canadian-investment-review/db-investments/navistar-canada-buys-group-annuity-contracts-to-protect-db-pension-2/#respond Thu, 28 Feb 2019 06:18:27 +0000 https://cumulus.benefitscanada.com/uncategorized/navistar-canada-buys-group-annuity-contracts-to-protect-db-pension-2/ In a move protecting its defined benefit pension promise for the long haul, commercial vehicle manufacturer Navistar Canada is purchasing more than $300 million in group annuity contracts. The transactions are with RBC Insurance and iA Financial Group and valued at $333 million. From May 1, 2019, the insurers will be responsible for administering pension payments […]

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