CANADA - Canadian defined benefit schemes have a C$225bn shortfall, 20% of the country's GDP, a survey conducted by three Canadian consultants has revealed.
The deficit is alarming given 70% of Canadian schemes are DB, but just as worrying to plan sponsors is a question mark over the ownership of surplus. In a case involving Monsanto in Ontario, 146...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
