Global Pension News

(Nov. 13, 2015) Handed the task of fixing Canada’s retirement crisis, Bill Morneau, the country’s new finance minister, is facing high expectations that he “will soon get down to the business of expanding the Canada Pension Plan,” writes Adam Mayers for the Toronto Star. However, that particular fix may not arrive...

(Nov. 11, 2015) A new report suggests that Canada’s defined benefit pension plans “are taking a more proactive and long-term approach to risk in an effort to better cope with volatility,” reports Benefits Canada. The report, Aon Hewitt’s Global Pension Risk Survey 2015, involved more than 100 DB plans with more than a...

(Nov. 11, 2015) The Canadian Institute of Actuaries (CIA) is advising Canada’s governments to strike while the iron is hot to improve retirement security for Canadians. Governments have a “once-in-a-generation opportunity to ensure Canada’s retirement system meets the needs of current and future retirees,” Rob...

(Nov. 11, 2015) Canadian pension funds are being bold in developing investment strategies “in a world where interest rates have remained persistently low at the very moment that aging baby boomers are increasingly drawing down their retirement funds,” writes Ari Altstedter for Bloomberg Business. The funds are...

(Nov. 9, 2015) A majority of Canadians, according to a recent poll by the Canadian Payroll Association, aren’t saving enough for retirement and automatic payroll deductions can help, writes Sheryl Smolkin at www.sherylsmolkin.com. The poll, she continues, shows that 75 per cent of working Canadians have saved 25 per...

(Nov. 9, 2015) The Globe and Mail is running a week-long series about the economic and social implications of boomers moving into retirement, asking: “Is Canada ready for the boom?” As part of that series, Janet McFarland writes about how one 67 year old pays the bills after ‘retiring’ nine years ago. It’s a...

(Nov. 6, 2015) Further evidence that Canadians are unable to voluntarily save for retirement comes from a fact sheet by the Office of the Chief Actuary that shows less than one in four Canadians contributed to an RRSP in 2013, reports the Insurance Journal. At the same time, the data shows the traditional method of...