Nest Wealth Asset Management Inc. is launching a digital group registered retirement savings plan in an effort to make it easier for small- and medium-sized businesses to provide retirement savings to employees. The plan is free for employers to use and features digital enrolment for employees. It also allows employers to monitor their plans online and administer options such as contributions and […]
The Co-operative Superannuation Society pension plan is one of Canada’s largest defined contribution plans, growing from its Saskatchewan roots in 1939 to include some 351 employers from across the country today. Martin McInnis, executive director of the plan, will speak about the benefits of a multi-employer defined contribution plan and whether they could be the way of the future during a session […]
What are institutional investors to make of the flurry of activity?
One week, U.S. President Donald Trump is touting new tariffs for imports of steel and aluminum. Not long after, his administration is expressing optimism about efforts to renegotiate the North American Free Trade Agreement. What are institutional investors to make of the flurry of activity? At the beginning of March, Trump announced new tariffs for imports of […]
Earlier this week, China’s parliament changed the country’s constitution to allow for current President Xi Jinping to remain in power indefinitely, rather than the traditional two five-year terms. Not since the days of Mao Zedong, the founder of the communist state, has a leader had the power to govern for longer than that. As Canadian pension plans increasingly […]
When Sears Canada Inc. announced it was going to liquidate its stores in 2017, the chain’s demise was a big concern for pension plan members worried about a big deficit in the company’s defined benefit plan. But also among the parties affected were some of Canada’s largest pension funds, which own more than two dozen […]
The OPSEU Pension Trust posted a 9.5 per cent return for 2017, an increase on its six per cent return in 2016 and its eight per cent return in 2015. “We were strong across all the asset classes,” says Hugh O’Reilly, president and chief executive officer of OPTrust, noting the fund saw a 22.9 per cent return in public equities […]
Though Canada has only two statutory religious holidays, Christmas Day and Good Friday, some Canadian employees may be seeking to take time off for other religious holy days. So how are employers required to accommodate them? Ontario’s Human Rights Commission notes “employers have a duty to accommodate an employee’s creed to the point of undue hardship, […]
Providing a defined contribution pension to employees since 1969, Western University is in a unique position to share how the landscape for these plans has evolved over time and how its plan measures success. Louise Koza, the university’s director of total compensation, will discuss past and current issues facing defined contribution plans at a session during the 2018 Benefits and Pension Summit at […]
The plan posted a return of 10.88% and maintained funded status.