The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan and ensure they’re on track to retire comfortably and on time. This year’s campaign is focusing on the FSRA’s three keys to retirement security: employees’ understanding of workplace pension plans, […]
The Financial Services Regulatory Authority of Ontario’s supervisory guidance on the province’s target-benefit pension plan framework is now finalized. The guidance, which will be reviewed no later than Feb. 2, 2031, outlines how the FSRA will oversee and apply Ontario’s target-benefit framework while supporting plan administrators in meeting their obligations, according to a press release. […]
After a record-setting 2024, the Canadian group annuity purchase market experienced a moderate slowdown in 2025, according to a new report by Normandin Beaudry. It found transaction volume reached nearly $6.9 billion, a decline of nearly 40 per cent compared with the $11 billion recorded last year and roughly 10 per cent below the average […]
The funded status of a typical Canadian defined benefit pension plan increased on both a solvency and accounting basis during the month of December, according to a new report by Telus Health. The monthly pension index revealed the typical DB plan grew slightly from 107.4 per cent in November to 109 per cent on the […]
An article on the suspension of the board chair at the Colleges of Applied Arts and Technology pension plan was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CAAT pension plan’s board chair suspended following senior executives’ departure […]
The average Canadian defined benefit pension plan returned 0.6 per cent during the fourth quarter of 2025, down from 4.4 per cent in the previous quarter, according to a new report by the Royal Bank of Canada Investor Services. It found the average DB plan returned 7.9 per cent for the full year, down from […]
The Financial Services Regulatory Authority of Ontario is appointing Wing-Yee Wong as its chief financial officer, effective Feb. 2, 2026. Wong brings more than 20 years of financial leadership experience in complex public sector environments, according to a press release. Most recently, she served as finance, procurement and logistics director at Elections Ontario, where she […]
A survey of older Canadian employees by the National Institute on Ageing at Toronto Metropolitan University was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. 22% of older Canadians have saved $5,000 or less for retirement: survey 2. […]
The University Pension Plan of Ontario is welcoming two new plan participants. Wilfrid Laurier University is the sixth university to join the plan, along with Laurier’s eligible faculty and staff and affiliated organizations. The UPP also welcomed the staff of the University of Ontario Institute of Technology Faculty Association. Read: Wilfrid Laurier Pension Plan members […]
Older Canadians’ retirement confidence is dropping amid longer life expectancies and a rising percentage of employees who continue to work past age 65, according to a new survey by the National Institute on Ageing at Toronto Metropolitan University. The survey, which polled more than 6,000 Canadians aged 50 and older, found one in five (22 […]