The capital market volatility of the past few months has been unsettling for pension plan sponsors and participants alike. Even before Standard & Poor’s downgrading of the U.S. credit rating, indicators pointed to deterioration in the financial position of most DB plans. For one, accounting discount rates for many plans decreased by 50 to 60 […]
As of January, International Financial Reporting Standards (IFRS) are in effect for publicly traded Canadian companies. What’s pertinent to DB plans and other post-retirement benefits those companies offer is International Accounting Standard 19. IAS 19 is being modified, with the changes effective in January 2013. Here is a summary of the major changes, derived, in […]
Other Brieflies this week:| MON | TUE | WED | THU | FRI | Increased economic growth and stock market gains have pushed the Russell Financial Health Index (RFHI) to its highest level since the fourth quarter of 2008. Based on an online calculator that gauges the overall financial health of Canadian investors, the RFHI […]