BE Responsive Newsletter

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Group annuity market growing as DB pension plans move to de-risk
Prior to 2013, the group annuity market consisted mostly of terminated and smaller plans, but, as the trend to de-risking took hold among larger plans, the market shifted so that some 80% of transfers now occur for de-risking purposes and only 20% are for termination.

Ontario Teachers’ returns 1.9% for 2023
The Ontario Teachers’ net assets grew to $247.5 billion, towards a goal of $300 billion in net assets by 2030, compared to $247.2 billion in 2022.

FSRA names Andrew Fung EVP of pensions
Fung first joined the regulatory body in 2018 as chief actuary and has held several roles within the organization since then, including serving as its acting executive vice-president of pensions since July 2023.

Ford Canada transferring $923 million in pension liabilities via group annuity buyout
In February, Ford announced that RBC Insurance, Sun Life and Desjardins Group will assume responsibility for making pension payments to 2,700 of its pension plan's members who retired on or prior to June 1, 2021.

Question of the Week

How can employers support women going through the menopause transition?

Answer from Marie-Chantal Coté, Senior Vice President, Group Benefits, Sun Life

Employers paying out executive bonuses can avoid criticism by embracing transparency
The decision to award a bonus is typically determined by a board of directors that examine financials, performance and other metrics, but increased calls for financial transparency will have a significant impact on the way executive compensation is carried out, says Gowling WLG’s Neena Gupta.

Nearly a quarter of Canadian workers don't view their workplace as supportive: survey
The average mental-health score among employees who don't view their workplace as supportive was 19 points lower than those who said the opposite, according to Telus Health's latest mental-health index.

People Watch

Visit People Watch Page for more.

Conferences

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