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 […]
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 […]
The Canadian pension risk transfer market reached record-breaking demand in 2024 with $11 billion in deals at the end of the year, eclipsing the $7.8 billion combined total of annuities transactions in 2023 and 2022. Indeed, the fourth quarter of 2024 alone saw $5.2 billion of overall transactions, split between $1.5 billion in buy-ins and […]
Risk management continues to be one of the hottest topics in the pension industry for a number of reasons, including the uncertainty caused by the current geopolitical and economic climate and the September 2024 release of the Canadian Association of Pension Supervisory Authorities’ new guideline for risk management for plan administrators. While pension plan administrators […]
The Canadian annuity purchase market recorded $700 million in transactions during the first quarter of 2025, according to a new report by Telus Health. It noted a “notable deceleration” in the volume of transactions after what a record-breaking year, which isn’t uncommon for the first quarter of a new year. The last quarter of 2024 […]
The British Columbia Financial Services Authority is releasing a stand-alone information security guideline for pension plan administrators based in the province. The guideline, which will come into effect on July 1, 2025, aims to help mitigate information security risks and ensure timely reporting of material security incidents, according to a press release. Until then, all […]
In 2025, the Association of Canadian Pension Management is focusing on flexible pension plan models amid a backdrop of multiple elections taking place across Canada. Korinne Collins, chief executive officer at the ACPM, says flexibility is needed around decumulation strategies for defined contribution plans and the potential for different income tax treatments for workers looking […]
The funded position of a typical Canadian defined benefit pension plan decreased both on a solvency and accounting basis in December 2024, according to Telus Health’s latest pension index. It found the funded position declined slightly on a solvency basis to 111.3 per cent in December, down from 111.4 per cent at the end of […]
With the start of a new year, there are several developments and trends that will likely impact Canadian pension plan sponsors in 2025. Implementation of regulatory guidelines In September 2024, the Canadian Association of Pension Supervisory Authorities published a new guideline for risk management for plan administrators and an update to their guideline for capital […]
The Canadian Association of Pension Supervisory Authorities’ new plan sponsor guidelines surrounding investment fee transparency are a good first step, but require further development to make them more effective, says one expert. “[CAP sponsors are] still trying to understand what this [guidance] means,” says Joseph Bevilacqua, associate partner in Aon’s wealth solutions practice. “Fees can be […]