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 […]
While Canadians have a better sense of the savings they’ll need to retire comfortably, they may still be underestimating the true cost, according to research presented by Jon Knowles, institutional portfolio manager for global asset allocation at Fidelity Investments, during Benefits Canada‘s 2025 DC Investment Forum. Canadians over age 45 estimated they’d need an average […]
Nearly six in 10 (59 per cent) Canadians fear they’ll outlive their retirement savings, according to a new survey by the Canada Pension Plan Investment Board. It found more than half (52 per cent) of non-retirees with a financial plan said it gives them confidence their money would last, making planning the top driver of […]
The Canada Pension Plan Investment Board says it earned a net return of one per cent for the first quarter of fiscal 2026. John Graham, chief executive officer of the investment organization, says shifting trade dynamics and broader geopolitical uncertainty fuelled renewed volatility in global markets during the quarter. Read: CPPIB returns 9.3% in latest fiscal […]
The Canada Pension Plan Investment Board says it earned a net return of 9.3 per cent for its latest fiscal year. The board says the fund totalled $714.4 billion in net assets as at March 31, up from $632.3 billion a year earlier. The increase included $59.8 billion in net income and $22.3 billion in […]
While there’s more work to be done, election campaign promises made by Canada’s major federal political parties that address retirement challenges are a step in the right direction, says John McLaren, a group benefits and retirement consultant with Jones DesLauriers. Earlier this month, Conservative Party of Canada leader Pierre Pollievre pledged to allow working seniors […]
While it doesn’t contain an exact figure, the federal government’s official rebuttal to a 2023 report — which argued Alberta is entitled to more than half the assets of the Canada Pension Plan — provides a roadmap in the event the province exits the CPP, says Sebastien Betermier, associate professor of finance at the Desautels […]
The keynote session at Benefits Canada’s 2024 Defined Contribution Investment Forum warned that the failure to plan for the ‘boomer bulge’ is affecting private and public pension policy. The presentation from Paul Kershaw, a policy professor at the University of British Columbia and founder of not-for-profit organization Generation Squeeze, got me thinking: if the influx […]
Former prime minister Stephen Harper is the new chairman of the Alberta Investment Management Corp. The move comes almost two weeks after the province’s finance minister fired the Crown agency’s entire board, along with a number of executives, citing ballooning costs and substandard returns. Read: Leadership changes at the AIMCo could impact credibility, independence: expert Premier […]
Earlier this year, Mexico’s senate approved the creation of a new pension fund to help provide more retirement security for low-income citizens. The reform aims to ensure pensioners receive 100 per cent of their last monthly salary up to roughly 16,777 Mexican pesos (US$975), which is the average monthly wage for workers affiliated with the […]