In the course of a merger or acquisition, there are a number of balls to juggle, not the least of which are the changes to employees’ benefits packages. Last month, Benefits Canada looked at one of the more complicated scenarios: how to deal with defined benefit pension plans in the wake of a merger or […]
Each year, employees at Britain’s Barclays Bank make decisions about their benefits and pension plan during the enrolment period. To learn more about their plan, staff typically have an information booklet and financial tools, such as a pension calculator, at their disposal. But six years ago, Barclays decided to apply a game-based approach to its […]
As the registered retirement savings plan turns 60 this year and the annual contribution deadline looms ahead, two new pieces of research show a shift in the participation rates and employer provision of the savings vehicle. A new study by Statistics Canada shows fewer and fewer Canadians aged 25-54 used registered retirement savings plans between […]
Target-date funds continue to be the most common default investment option offered to members of workplace capital accumulation plans, according to new research by the Canadian Institutional Investment Network and Great-West Life Assurance Co. The 2016 CAP Benchmark Report found 50 per cent of defined contribution plan sponsors and 51 per cent of group registered […]
The gross income replacement level of a typical capital accumulation plan grew by one per cent in the fourth quarter of 2016, according to a report by Eckler Ltd. The slight change was due to increases in interest and annuity rates during that period, according to the report, which also notes the impact of volatility […]
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 […]
Canada’s pension and tax regulations need to be updated to address the lack of decumulation options for the growing number of Canadians nearing retirement, according to Kevin Fahey, chair of the Pension Investment Association of Canada. In a letter sent to Finance Minister Bill Morneau this week, Fahey noted that, while the regulations for capital […]
Plan sponsors need to prepare - and know their obligations to members.
Has Bill C 47 really changed anything?
Part II in series on what CAP members pay.