Canada Archives - Page 8 of 26 - Pension Policy International

03JunJune 3, 2022

Canada. Pension plan sponsors uncertain about balancing ESG factors, fiduciary responsibilities: ACPM

Defined benefit pension plans and defined contribution pension plans are uncertain about how to incorporate environmental, social and governance issues into their investment processes in a way that’s consistent with fiduciary duties, according to a new white paper from the Association of Canadian Pension Management. “Sustainable investing, including ESG, is an area where some investment risks that have been acknowledged for decades are now becoming more acute (e.g., climate risk),” said the white paper. “How pension plans can, and should,...

June 3, 2022

News2022, Canada, ESG, Returns

27MayMay 27, 2022

Many soon-to-be retired Canadians considering changing retirement date

One-third of retired Canadians between ages 55 and 75 have retired sooner than originally planned, according to a recent RBC survey. And while the survey didn't provide insight into why people decided to take advantage of their golden years earlier, Selene Soo, director of wealth insurance at RBC Insurance, offered her guess. "If I had to wager a guess, with the last two years, it could have been that it wasn't of their own choice. Just because of businesses going under,...

May 27, 2022

News2022, Canada, Inflation, Retirement Age

25MayMay 25, 2022

Canada. How employers can design health benefits, retirement plans for gig workers

Whether they’re delivering takeout, chauffeuring passengers, or fixing leaky sinks, most gig workers in Canada don’t get benefits. Classified as independent contractors rather than employees, they’re excluded from employer contributions to Canada Pension Plan and Employment Insurance, they may not be protected under worker’s compensation and they can’t participate in tax-advantaged benefits programs like registered pension plans and employee life and health trusts. Read: Uber Canada sharing details of self-directed benefits fund for gig workers So even if an employer offered dental...

May 25, 2022

News2022, Canada, Informal Sector

20MayMay 20, 2022

CPPIB returns net 6.8% for fiscal year

Canada Pension Plan Investment Board returned a net 6.8% for the fiscal year ended March 31, the Toronto-based board announced in a news release Thursday. CPPIB, which manages the assets of the Canada Pension Plan, said the pension fund's net assets increased to C$539 billion ($431.8 billion) from C$497 billion a year ago. It added that the C$42 billion increase comprised $34 billion in net income and $8 billion in net transfers from the plan. The portfolio achieved five-year and 10-year...

May 20, 2022

News2022, Canada, Pension Management

19MayMay 19, 2022

Canadian Pensions Can Withstand Higher Inflation, Weaker Growth

Fitch-rated Canadian pension funds are well positioned to withstand higher inflation and modest economic growth amid heightened market volatility, Fitch Ratings says. That said, stagflation would be more challenging, given funds’ long-only investment strategies and vulnerability to economic and market downturns. The maturing nature of participant bases increases pension funds’ reliance on investment returns, as contributions and income from active members may be outpaced by benefits paid to a growing number of retirees. Still, Canadian pension funds’ long-term investment...

May 19, 2022

News2022, Canada, Pension Management

11MayMay 11, 2022

Large corporate defined benefit plans in Canada are fully funded

Corporate defined benefit plans of public companies in Canada surged to 100% funding with higher discount rates. Asset allocations were little changed. Liability-driven investing continued to be at the forefront with about 50% of assets invested in fixed income. Alternative investments did increase to 7.7%, which was the highest allocation since data have been tracked. The median funded status increased to 100.3% up from 91.5% in 2020. This was the first time the median funding level increased to more than 100%...

May 11, 2022

News2022, Canada, Funding

02MayMay 2, 2022

Aging beyond retirement: How Canadians can afford to grow old

That’s the number of siblings Dr. Bonnie-Jeanne MacDonald’s mother had growing up. An astounding number, even at a time when families were known for having large broods. While it might seem overwhelming, to say the least, there certainly were benefits to having so many kids, says Dr. MacDonald, the director of financial security research for the National Institute on Aging (NIA). “My mother came from a family of 14 kids, and suddenly you have much fewer people to do that care...

May 2, 2022

News2022, Aging, Canada

27AprApril 27, 2022

Canada. IMCO returns 9.6% in 2021, outperforming its benchmark

Investment Management Corp. of Ontario, Toronto, delivered a weighted average net return of its clients' portfolios of 9.6% for the year ended Dec. 31, vs. a consolidated benchmark return of 8.5%. IMCO's assets under management climbed to C$79 billion ($61.8 billion) at the end of 2021, up 7.8% from a year earlier, the firm said in a news release Monday. By asset class, private equity performed the best in 2021, returning a net 19.2% (above the 16.9% performance by its benchmark);...

April 27, 2022

News2022, Canada, Pension Management

30MarMarch 30, 2022

Will this new pension option provide retirement security for more Canadians?

Larissa Dundon values her independence. After quitting her corporate gig five years ago to launch her own communications firm, she can’t imagine ever returning to a nine-to-five. Not even a coveted defined-benefit pension is enough of a lure. “I have way more potential earning power, and I control where I want to go,” said the 37-year-old Vancouverite. “The payoff of having a pension isn’t worth it.” She saves for retirement in her registered retirement savings plan and tax-free savings account...

March 30, 2022

News2022, Canada, Pension design

25FebFebruary 25, 2022

Canadian Pensions Bankrolling Elder Abuse and Misappropriation of Public Money by French Long-term Care Multinational: CUPE

A new report by the Centre for International Corporate Tax Accountability and Research (CICTAR) reveals that Europe’s largest long-term care home operator, Orpea, has been building a property empire while facing allegations of elder abuse and misappropriation of public money. Orpea is 15 per cent owned by the Canada Pension Plan Investment Board (CPPIB), which also holds two seats on Orpea’s board of directors. CUPE is reiterating its call for Canadian pension funds to stop bankrolling suffering and abuse...

February 25, 2022

News, Slider2022, Canada, Investment, Pension Management

June 2022

Canada. Pension plan sponsors uncertain about balancing ESG factors, fiduciary responsibilities: ACPM

May 2022

Many soon-to-be retired Canadians considering changing retirement date

Canada. How employers can design health benefits, retirement plans for gig workers

CPPIB returns net 6.8% for fiscal year

Canadian Pensions Can Withstand Higher Inflation, Weaker Growth

Large corporate defined benefit plans in Canada are fully funded

Aging beyond retirement: How Canadians can afford to grow old

April 2022

Canada. IMCO returns 9.6% in 2021, outperforming its benchmark

March 2022

Will this new pension option provide retirement security for more Canadians?

February 2022

Canadian Pensions Bankrolling Elder Abuse and Misappropriation of Public Money by French Long-term Care Multinational: CUPE