Plan Design

March 23, 2020

The Power of Postponed Retirement

This was supposed to be a big day for me.  Unfortunately for all of us, COVID-19 has taken over not only the entire media landscape but […]
January 28, 2020

Final Changes to the Pension Commuted Value Standard

Editor’s Note:  This commentary was written before the April 6, 2020 announcement by the Actuarial Standards Board of the decision to delay the implementation for the […]
November 12, 2019

DB Comeback – Part ll

It always feels a little self-serving to say anything positive about the future of DB plans.  With that said, I have spent most of the past […]
September 30, 2019

You Can’t Out-invest a Savings Problem

The thing I love most about Toronto is the traffic.  Second on my list is the cost of parking.  Oh wait, my list was upside down, […]
May 29, 2019

The Wonders of Variable Payment Life Annuities

I figured that since Joe has been writing a lot about DC plans and annuities lately, and earlier Dean provided his commentary on the recent Federal […]
May 13, 2019

Annuity Alternatives for DC Plans

In my last commentary I wrote about the advantage that DB pension plans have in providing for higher pension payments to retirees from accumulated assets than […]
April 30, 2019

Annuities and the DB Plan Advantage

Marvel Comics introduces Annuity Woman! I have written about annuities before and my admiration for the super powers of the annuity in risk management.  There is […]
October 10, 2018

DB – Time for the Comeback

  It’s official, DB is coming back! I wasn’t sure about this until last week when revered actuary Fred Vettese declared not only were private sector […]
August 27, 2018

CAAT DBplus – A Step in the Right Direction

There is an interesting development in the Canadian pension landscape that has the potential to be a real game changer.  Earlier this year, the CAAT Pension […]
November 13, 2017

C.D. Howe – Right Math, Wrong Conclusion

Last week the C.D. Howe Institute issued a commentary by William Robson titled Rethinking Limits on Tax-Deferred Retirement Savings in Canada. It’s an easy 15 pages […]
January 17, 2017

De-risking in 2017

The last decade has seen much written and discussed about de-risking and in fact as I look back I started seeing this discussion emerge twenty years […]
January 3, 2017

It’s January 3, 2017 – let’s start the year off with some good news

With 2016 now in the past, it is time for pension plan sponsors to take stock and plan for 2017. Solvency position at December 31, 2016 […]