Canada Archives - Page 2 of 27 - Pension Policy International

10DecDecember 10, 2024

31% of Canadian employees rely on gig work to help cover expenses: survey

A third (31 per cent) of Canadian employees say they rely on gig work in some capacity to help cover regular expenses, according to a new survey by ADP Canada. The survey, which polled more than 1,200 employees, found among gig workers, 17 per cent said gig work is their primary source of income for covering expenses. The main industries solicited by gig workers are transportation, retail and grocery. On a scale of one to 10, workers reported an average happiness...

December 10, 2024

News, SliderCanada, Informal Sector, Labor Market

06DecDecember 6, 2024

Retirement Incentives and Decisions across the Income Distribution: Evidence in Canada

By Kevin S. Milligan & Tammy Schirle We evaluate the retirement incentives embedded in Canada’s retirement income system with attention to where individuals are located in the income distribution. We find that larger social security benefits are available to individuals with lower earnings in their work history because of the benefit income tests, but those from the top of the income distribution tend to enjoy longer lives over which they may receive benefits. Overall, we see greater Social Security Wealth...

December 6, 2024

Articles, Pension design2024, Canada, Income, Social Security

27NovNovember 27, 2024

Managing the future of risk for Canadian public pensions

Canada’s largest public pensions — unofficially called the “Maple 8” — are internationally respected and in a healthy fiscal position at the end of 2024 [1]. These eight public pensions collectively hold $2.1 trillion in assets under management as of the end of 2023. Despite recent economic headwinds, the Maple 8 are in a strong financial position with almost all members of this unofficial group above 100% funding. In fact, by 2023, Canada Pension Plan (CPP) Fund assets were...

November 27, 2024

NewsCanada, Risk

20NovNovember 20, 2024

CPPIB Leads Global Pension Funds With $144B Allocated to Private Equity

The Canada Pension Plan Investment Board made the largest allocation to private equity of any pension fund during the first 10 months of the year, with $143.86 billion—which made up 24.6% of its portfolio—allocated to the asset class, according to S&P Global Market Intelligence data. The 20 pension funds with the largest allocations have committed a combined $707.6 billion to private equity, through the end of October The California Public Employees’ Retirement System was a distant second with $83.5 billion—16% of...

November 20, 2024

NewsCanada, Investment

08NovNovember 8, 2024

Canadian pension risk transfer sales decrease to $2.1BN in Q3 2024: report

The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.1 billion in the third quarter of 2024, a small decline from $2.5 billion in the previous quarter, according to a new report by Telus Health. It noted some insurers are showing a show a strong appetite and offer competitive pricing on a broad spectrum of deals, while others that are nearing their capacity limits are adopting a more selective approach in allocating their...

November 8, 2024

NewsCanada, PRT

10OctOctober 10, 2024

How many Canadians are gig workers?

More than one in five (22%) Canadians are participating in gig work of various kinds across the country. That equates to about 7.3 million adults finding work outside of regular employment. And they are doing it for a variety of reasons, reports Securian Canada, with more than half (57%) — or roughly four million people — relying on this type of work to supplement their primary income. Nearly three-quarters (73%) of all gig workers are either employed full-time or part-time outside...

October 10, 2024

NewsCanada, Coverage, Informal Sector

03OctOctober 3, 2024

What strategies are working to increase pension coverage?

It’s no surprise that people are living longer and retiring later. Last week’s Association of Canadian Pension Management (ACPM)’s annual national two-day conference held in Kelowna, BC offered Canadian pension plan sponsors, administrators, trustees, asset managers and other retirement income system leaders a look into the organizations in Canada and around the world who are employing a range of strategies to increase pension coverage and improve retirement outcomes for Canadians. Global Pension Index David Knox, senior partner and senior actuary for Mercer...

October 3, 2024

NewsCanada, Coverage

02OctOctober 2, 2024

Canadian defined benefit pension plans show decreased funded levels in Q3: Aon

- Aon plc (NYSE: AON), a leading global professional services firm, announced today that the aggregate funded ratio for Canadian pension plans in the S&P/TSX Composite Index percent compared to 106.9 percent at the end of the second quarter, according to the Aon Pension Risk Tracker. The Aon Pension Risk Tracker calculates the aggregate funded position on an accounting basis for companies in the S&P/TSX Composite Index with defined benefit plans. To access Aon's interactive tracker, which dates to 2013, click here. Key findings for the quarter...

October 2, 2024

NewsCanada, Defined Benefit, Funding

20SepSeptember 20, 2024

Canada. PSP Investments’ green assets increased to $64.9BN in fiscal 2024: report

The Public Sector Pension Investment Board has $64.9 billion invested in green assets, compared to $48.9 billion in fiscal 2023, according to the investment organization’s latest sustainability report. It found in addition to green assets, PSP Investments has roughly $11.5 billion in transition assets, defined as investments that have committed to make a substantial contribution to the low-carbon transition through the establishment of public targets and disclosure. Among PSP Investments’ portfolio companies, reported Scope 1 and Scope 2 greenhouse gas emissions data...

September 20, 2024

NewsCanada, ESG, Investment, Public Pensions

22AugAugust 22, 2024

Canadian pension funds recognized for governance, sustainability practices: report

Four of Canada’s largest pension funds have been ranked among the top 10 global pension funds for demonstrating best practices in governance, sustainability and resilience, according to a new report by data platform Global SWF. The assessment tool, which reviews the practices and efforts of state-owned sovereign wealth funds and public pension funds, gave the Caisse de dépôt et placement du Québec and the British Columbia Investment Corp. perfect scores across the board alongside the Ireland Strategic Investment Fund, Singapore-based...

August 22, 2024

NewsCanada, Climate crisis, ESG, Pension Management

December 2024

31% of Canadian employees rely on gig work to help cover expenses: survey

November 2024

Managing the future of risk for Canadian public pensions

CPPIB Leads Global Pension Funds With $144B Allocated to Private Equity

Canadian pension risk transfer sales decrease to $2.1BN in Q3 2024: report

October 2024

How many Canadians are gig workers?

What strategies are working to increase pension coverage?

Canadian defined benefit pension plans show decreased funded levels in Q3: Aon

September 2024

Canada. PSP Investments’ green assets increased to $64.9BN in fiscal 2024: report

August 2024

Canadian pension funds recognized for governance, sustainability practices: report