The Retirement Crisis

New investment by the Canada Pension Plan Investment Board (CPPIB) in India will result in new developments and undertakings, the board reports. The board has invested an additional C$185 million into the Island Star Malls Developers Pvt. Ltd., the strategic investment platform it co-owns with The Phoenix Mills...

When pondering the origins of the retirement crisis, look no further than the shift from DB pensions to DC retirement schemes, “a major driver of the impending” crisis, write Teresa Ghilarducci and Tony James for the Harvard Business Review. “Beginning in the 1980s, this move helped companies reduce their retirement...

Although the full rate of Canada Pension Plan (CPP) income is a few cents more than $13,604 for 2018, “nothing flashy, but still significant,” relatively few Canadians receive it, writes Rob Carrick for the Globe and Mail. As of 2016, only six per cent of CPP recipients got the full benefit. A part of any “serious...

It has been a shared experience, and not a good one. Research by the National Institute on Retirement Security (NIRS) shows that while nearly every U.S. state, since 2009, has modified retirement systems, a shift from DB to DC has not produced promised savings, but did create related problems. “Advocates of switching...

British educators are headed for the picket lines to protest a planned change in their pensions. Union reps for educators and other staff at 61 UK universities are planning an “escalating wave of strikes” following talks with management that failed to resolve the pension dispute, reports Chief Investment Officer...

A generational shift is underway and by the time it’s over millennials will have replaced boomers as the largest voting bloc, the Iowa State University news service reports. It references Dave Anderson, an assistant professor of political science at the university, who says millennials already outnumber boomers,...

According to new research from the Mercer consulting group, the end of 2017 found defined benefit pension plans on average in better financial shape than at any time over the past 10 years, since the Great Recession. “The firm says many of the Canadian defined benefit pension plans that it tracks were fully funded,...