The Saskatchewan Pension Plan is appointing Chad Hilton as chief executive officer, effective Oct. 20. Hilton brings more than 20 years of progressive leadership experience in the financial services sector and, most recently he was regional vice-president at the Bank of Montreal. Read: Getting to know Shannan Corey and the Saskatchewan Pension Plan He succeeds […]
While Canadian retirees have a good understanding of longevity risk, in recent years, many are withdrawing less income from their workplace retirement savings plans, says Dave Jones, senior vice-president of group retirement services at Sun Life Financial Inc. “If you go back to just a couple years to 2022, people really shift from drawing more […]
The value of the world’s 300 largest pension funds reached US$24.4 trillion in 2024, growing by 7.8 per cent to reach a new record sum, according to a new report from WTW’s Thinking Ahead Institute. It found Japan’s Government Pension Investment Fund replaced Norway’s Government Pension Fund as the leading investment organization by asset value […]
In its pre-budget submission to the federal government, the Canadian Life and Health Insurance Association highlighted variable payment life annuities, automatic features in pension plans, pharmacare and virtual health care as areas that require attention. While the CLHIA said it supports the concept of VPLAs as a decumulation solution for defined contribution plan members, it […]
An article on the how capital accumulation plans are increasing their exposure to private assets 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: How does increased exposure to private assets impact CAP members’ financial health, retirement readiness? Pension […]
Amid a push to open U.S. capital accumulation plans to direct investments in private assets, it’s important for plan sponsors and members to take a cautious approach, says Andrew Kitchen, head of Canadian distribution for MFS Investment Management Canada Ltd. This month, the U.S. federal government introduced legislation that would permit CAP members to directly […]
An article about the ongoing discussion around tattoos in the workplace 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. Workplace tattoo visibility sparks fresh look at dress codes, employee inclusion: expert 2. Canadian target-benefit plan sponsors can […]
A rebound in public equities markets in the second quarter of 2025 has positively impacted retirement outcomes for capital accumulation plan members, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of June 2025 achieved a gross income replacement ratio of 65.9 per […]
Six in 10 (60 per cent) of global defined contribution plan sponsors say the state of members’ retirement income is the biggest challenge facing DC plans over the next decade, according to a new report by WTW. The report examined nearly 30 global DC plans representing more than US$6.3 trillion in assets under management. It […]
While workplace savings programs have traditionally focused on retirement, there has been a shift in recent years to facilitate employees’ changing financial priorities and savings journeys. Benefits Canada’s 2025 Employee Savings Survey (formerly known as the CAP Member Survey) found three-quarters (73 per cent) of Canadian employees ranked paying for day-to-day expenses among their top […]