Every year, companies must establish an expense for their defined benefit pension plans.
The federal government is amending the regulations under the Pension Benefits Standards Act, 1985.
With the reduction of interest rates and equity market fluctuations in the early part of 2015, some DB pension plans may have experienced declines in their transfer or solvency ratios, particularly if their last valuation was at December 31, 2013.
The Government of Ontario has announced it is launching a review of the mandates of the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO).
The evolution of the financial situation of pension plans since December 31, 2014
Benefits Canada: Michelle Loder has joined Morneau Shepell as a partner in its DC solutions business.
Smallbizadvisor.ca: Although small businesses can forget about wellness issues, advisors can take concrete measures to ensure small business buy-in.
Asset & Risk Management - Market Indices - February 2015
Benefits Canada: The target benefit plan (TBP) concept continues to evolve in Canada as DB plan sponsors confront funding issues and DC plan sponsors worry about the significant investment risk on the shoulders of individual employees...
The Globe and Mail: In a 2014 study on retirement readiness, the Conference Board of Canada found most Canadians are saving but that six in 10 survey respondents said they have not put aside enough for their senior years.