Tag Archives: ORPP

IIAC Responds to Finance Ministers’ Announcement on CPP Reform (IIAC Blog)

IIAC Responds to Finance Ministers’ Announcement on CPP Reform (IIAC Blog)

The Investment Industry Association of Canada is pleased Canada’s finance ministers reached an agreement on amending the Canada Pension Plan (CPP) to address the national retirement savings shortfall at their meeting in Vancouver on June 20, 2016. This decision will avoid a patchwork of provincial solutions, like the ORPP, that would require significant up-front costs; treat Canadians differently across the regions; limit pension portability; and result in less efficient and more costly solutions to the narrowly identified savings problem.

The CPP reforms provide a uniform solution to boost savings for all Canadians. However, a targeted approach … Continue reading

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Selective Reforms Needed to Help Under-Saving Canadians Meet Their Retirement Savings Objectives (IIAC BLOG)

Selective Reforms Needed to Help Under-Saving Canadians Meet Their Retirement Savings Objectives (IIAC BLOG)

Finance ministers are discussing potential CPP enhancement on June 20-21 when they meet in Vancouver, BC. These discussions should be undertaken as part of an integral approach to strengthening Canada’s retirement savings system. Respected research confirms the majority of Canadians are on track to meet their retirement savings goals through their voluntary savings, pension plans and the federal retirement savings system.

The retirement savings shortfall is not widespread in Canada, but limited to Canadians with modest incomes. As a member of a national coalition of 15 industry groups, the IIAC recommends a national and coordinated approach … Continue reading

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