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More than 470 employees at a Nestlé Canada plant in Toronto are on strike after Unifor Local 252 and the company failed to reach an agreement on May 1. The main sticking points include making temporary workers permanent — with access to Nestlé’s benefits and defined contribution pension plan — and increasing the employer-sponsored amount […]

Canadian employers are making ongoing changes to their pension and benefits offerings as the coronavirus pandemic drags on, according to a new survey by the International Foundation of Employee Benefit Plans. The survey found almost one in five (18 per cent) employers offering prescription drug coverage have extended the time allowed under prior authorization periods, […]

  • By: Staff
  • May 5, 2021 May 5, 2021
  • 09:00
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The majority (72 per cent) of Canadian pension funds said they’re currently focused on consolidation options that offer greater certainty they’ll be able to meet their liabilities, according to a survey by CIBC Mellon. It also found 50 per cent of pension funds surveyed plan on implementing consolidation plans over the next three to five […]

  • By: Staff
  • May 3, 2021 May 6, 2021
  • 09:00

While 65 has long been considered the traditional retirement age, younger employees face the possibility of working longer. Plan sponsors can learn much from the unique financial journeys taken by different generations toward their eventual golden years. A 2019 Scotiabank investment poll revealed that 68 per cent of Canadians are currently saving for retirement, but […]

Although women must work two years longer than men to be retirement ready, they still retire with 30 per cent less wealth than their male counterparts, according to a Mercer Canada retirement readiness report. The report found women enter retirement with lower retirement savings than men and they also must work longer to achieve retirement […]

  • By: Staff
  • March 10, 2021 April 25, 2021
  • 17:37

Several members were either elected or re-elected to the Investment Industry Regulatory Organization of Canada’s board of directors last week. Among the newly elected members is Jennifer Newman, senior managing director for real estate operations and special projects at the Ontario Teachers’ Pension Plan, who is set to become an independent director on the board. […]

  • By: Staff
  • September 28, 2020 December 6, 2020
  • 10:54
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As crypto currency gains further traction in the global marketplace, do institutional investors have a fiduciary responsibility to examine its potential? Perhaps the answer lies in Bitcoin’s performance relative to other, more traditional asset classes, suggested Elisabeth Préfontaine, founder of Octonomics, at an event hosted by the Global Risk Institute in Toronto on Wednesday. “When […]

Cross-Border Shopping

Experts share views on real estate opportunities in Canada vs. the U.S.

More Gains for Canada’s DB Pension Plans

Even as Canadian equities lag, pension funds gain.

Caisse Absorbs 6 Plans

Quebec City plans have total assets of $2 billion

  • By: Staff
  • June 23, 2016 September 13, 2019
  • 07:12