As pension regulators narrow their priorities heading into 2026, the Association of Canadian Pension Management is placing greater emphasis on flexible pension plan design, with a focus on member outcomes, governance and clarity. Korinne Collins, chief executive officer at the ACPM, notes flexibility across the accumulation and decumulation stages is rising on the industry’s agenda […]
Tourism Kingston is supporting employee financial well-being and retirement readiness with a new group registered retirement savings plan. The program, provided by the Empire Life Insurance Co., provides members with streamlined investment options that align with their retirement timelines, says Claire Matthews, the organization’s people and culture coordinator. “It’s a fully digital experience and it’s […]
The Quebec government has adopted regulations allowing defined contribution pension plans and voluntary retirement savings plans to offer variable payment life annuities. The regulatory changes establish the framework under which DC plans and voluntary retirement savings plans may offer the lifetime income option, including conditions related to plan design, valuation and administration. The move follows […]
Half (50 per cent) of Canadian employers are now offering financial planning services and 42 per cent are providing financial literacy resources, according to a new report by Arthur J. Gallagher & Co. This is a significant increase from 2024, notes Pat Leo, vice-president of Toronto retirement at Gallagher. “With carriers in Canada now offering some […]
Roughly a third (34 per cent) of global employees say they expect to work at least part time after retiring, a percentage that increases to 37 per cent among U.S. employees, according to a new survey by T. Rowe Price. The survey — which polled more than 7,000 employees in Australia, Canada, Japan, the U.K. […]
When the Canadian Association of Pension Supervisory Authorities updated its capital accumulation plan guideline in September 2025, the Co-operative Superannuation Society Pension Plan conducted an audit to gauge its alignment with the document’s current form. “We found, for the most part, the CSS was already meeting a lot of the standards, as far as I […]
With inflation still squeezing household budgets, interest rates elevated compared to pre-pandemic norms and an ageing workforce heading towards retirement, employees are under more pressure than ever to make the right financial decisions. For many, their workplace savings plan is the cornerstone of their retirement, but without proper guidance they risk costly mistakes during this […]
Confident and knowledgeable group retirement savings plan members are saving 86 per cent more than those with low confidence and literacy, according to a new survey by Sun Life Financial Inc. The survey, which polled more than 1,900 plan members, found nearly a third (30 per cent) believe they have both confidence and strong financial […]
Wealthsimple Inc. is marking Financial Literacy Month with a two-part series of information sessions on how women can build financial confidence. The sessions cover estate planning, individual and joint money management, investing, wealth building and pre-retirement strategies, says Diana McLachlan, the organization’s chief people officer. She notes the company’s overall approach to financial literacy emphasizes […]
For a typical middle-income Canadian without a workplace pension, the Canada Pension Plan is projected to provide roughly 50 per cent to 70 per cent of their retirement income, according to a new study by the Canada Pension Plan Investment Board and the National Institute on Ageing. It reinforced that CPP benefits aren’t intended to […]