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The Nova Scotia Pension Services Corp. is appointing Steve Mahoney as its new chief investment officer, effective April 1, 2022. He’s taking over the CIO role from Elizabeth Vandenberg, who’s retiring after serving two decades with the N.S. Pension and its predecessors in various investment management positions. With more than 20 years in institutional investing […]

  • By: Staff
  • January 20, 2022 January 19, 2022
  • 11:00
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The Pension Investment Association is appointing a new chair, vice-chair and secretary-treasurer for 2022. Sean Hewitt, chief executive officer of the Toronto Transit Commission Pension Fund Society, is the organization’s new chair. His previous roles include director of pension assets at the Canadian Pacific Railway Co. and senior analyst of investments at Mercer Canada. Read: How […]

  • By: Staff
  • January 14, 2022 January 14, 2022
  • 09:00

Manitoba is amending its pension regulatory system in order to strengthen the province’s pension regulatory and solvency framework. The changes, which took effect on Dec. 20, 2021, establish new rules for the funding of private sector defined benefit pension plans, including reducing the solvency deficiency threshold at which special payments must be made from 100 […]

Defined benefit pension plans offer substantial cost advantages over 401(k)-style defined contribution plans, according to a new report by the National Institute on Retirement Security. The U.S. report found a typical DB pension — with advantages based on longevity risk pooling, asset allocation, low fees and professional management — has a 49 per cent cost advantage […]

  • By: Staff
  • January 11, 2022 January 10, 2022
  • 09:00

Members of Puerto Rico’s public sector pension plans are facing a benefits freeze and the transformation of their defined benefits plans to defined contribution plans. The decision to cut changed the plans was made as a result of an ongoing financial crisis in the most populous U.S. territory. After it defaulted on bonds in 2014, politicians […]

  • By: Staff
  • January 6, 2022 January 6, 2022
  • 13:45

The largest defined benefit pension plans in the U.S. saw average funded status improve by eight per cent in 2021, according to a new report by Willis Towers Watson. It found the country’s largest DB pension plans saw their average funded statuses reach 96 per cent last year, higher than at any point since 2007. […]

  • By: Staff
  • January 4, 2022 January 4, 2022
  • 09:00

As a new year dawns, our attention turns to what’s ahead, the following are a few of my predictions for trends in the world of pensions in 2022. Volatility We’re entering the year in an environment of considerable economic and financial market uncertainty. Supply chain problems, elevated price inflation and labour shortages in certain industries […]

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New Brunswick’s new unclaimed property regime, which came into force on Jan. 1, 2022 and is the fourth such provincial regime in Canada, will finally allow defined benefit pension plan sponsors with unlocatable or missing members to fully windup their plans. The governing legislation, the Unclaimed Property Act, received Royal Assent in March 2021, but […]

Investors should expect the unexpected in 2022, according to George Athanassakos, professor of finance and the Ben Graham chair in value investing at Western University’s Ivey School of Business. “2022 is likely to be filled with hidden hazards, both known unknowns and unknown unknowns,” he wrote in an email to the Canadian Investment Review. This […]

  • By: Staff
  • December 30, 2021 January 5, 2022
  • 09:00

The second year since the onset of the global coronavirus pandemic was a significant one for the human resources, benefits, pension and investment industries, particularly when it came to stories about vaccines. With more than three million page views on BenefitsCanada.com in 2021, here are the year’s most popular stories. What can employers do if […]