Keyword: Longevity risk

58 results found
Proposed Alberta Pension Plan has underwriting, political risks: report

A potential Alberta Pension Plan would expose Albertans to material underwriting risks and the potential for political involvement in decisions about the plan’s investment policy, according to a new report. The report — authored by Keith Ambachtscheer, founder of KPA Advisory Services Ltd. and adjunct professor at the University of Toronto’s Rotman School of Management — also estimated […]

  • By: Staff
  • January 13, 2020 November 30, 2020
  • 09:15
How does the CPP compare to Australia’s superannuation funds?

As employer-sponsored pension plans and personal retirement savings continue to shrink, the third pillar of Canada’s retirement income troika, the publicly funded Canada Pension Plan, is seeing improvements. Some of the enhancements, which are being gradually phased in from Jan. 1, 2019, borrow from what Australia already has in place for its superannuation system. In […]

U.S. lessons for Canadian DC pension plans

Defined contribution plan sponsors have a tough job. “Every day that goes by, DC is getting harder and harder to solve for,” said Lorie Latham, senior defined contribution strategist at T. Rowe Price during a session at Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27. Looking to lessons learned in the […]

Canada ranks 8th for retiree well-being in global retirement index

Canada has risen one spot, to No. 8, on a list of the countries that provide the best retirement security. The annual list, from Natixis Investment Managers, found Canada ranked higher in the finances and material well-being sub-indexes, decreased in quality of life and held steady in health. The report also identified three global risks weighing on […]

  • By: Staff
  • September 23, 2019 November 12, 2020
  • 10:00
How will advanced life deferred annuities work in practice?

With the private sector’s move from defined benefit to defined contribution pension plans and rising life expectancies, the issue of retirement decumulation is increasing in importance. Decumulation deals with converting retirement savings into income that must be managed over the rest of the retiree’s lifetime. It can be a challenge for Canadians who don’t have a significant […]

A look at DC pension trends in the U.S.

Whether operating in Canada or the United States, defined contribution plan sponsors are facing the same challenges around demographics, plan design and their employees’ retirement readiness. On the demographics front, more baby boomers are retiring and taking their pension balances with them. As DC plans lose members, plan sponsors may see a rise in costs […]

Tips for using big data to measure pension longevity risk

While estimating the longevity of a pension plan’s membership isn’t a new concept, developments in using big data and new tools in predictive modelling could go a long way to making predictions more accurate. “Traditionally, most benefit plans were using standard mortality tables and not really differentiating how much longevity risk they had,” says Manuel […]

Physical workers face retirement challenges as longevity rises: survey

As longevity increases around the world, the solution of simply working longer is especially troublesome for workers with physically demanding jobs, according to the latest Aegon retirement readiness survey. “Few countries offer early retirement with benefits for physical workers,” noted the survey. “Accordingly, physical workers must either remain in jobs that may become more taxing for […]

  • By: Staff
  • March 8, 2019 September 13, 2019
  • 08:50
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Defined benefit pension plans aren’t just better for Canadian workers, but for the country’s economy in general, according to a new study by the Canadian Public Pension Leadership Council. Statistics Canada data from 2018 showed 37.5 per cent of Canadian workers have some type of pension or retirement savings plan through their workplace, and 25.2 per cent […]

Plan sponsors urged to take advantage of innovative pension plan design to mitigate risks

In the fourth industrial revolution, technology is changing at a fast pace with a rolling effect on various industries. It’s also changing how people work, spend their money and save, said Jean-Philippe Provost, senior partner and wealth business leader at Mercer Canada. At the consultancy’s annual retirement outlook event on Thursday, Provost walked through current practices in the Canadian […]