BE Responsive Newsletter

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Pension plan sponsors more vigilant of cybersecurity risks when dealing with third-party vendors: expert

Pension plan sponsors more vigilant of cybersecurity risks when dealing with third-party vendors: expert
Data management and transference is a key area of risk for pension plan sponsors as the vulnerability of engaging with third parties creates opportunities for cybercriminals, says Mercer's Jillian Kennedy.

Labour shortages, employee retention among SMEs' top business concerns for 2024: survey

Labour shortages, employee retention among SMEs' top business concerns for 2024: survey
Nearly half (47%) of SMEs reported investing in upskilling and training existing staff, with apprenticeships seeing a 36% increase globally, according to a new survey by Peninsula Canada.

3M freezing U.S. DB pension plans for non-union employees by end of 2028

3M freezing U.S. DB pension plans for non-union employees by end of 2028
The company is moving non-union plan members from a DB plan to a 401(k) to provide them with more flexibility and control when it comes to investing in their future, said a press release.

Risks of cybersecurity breaches top of mind for pension funds

Risks of cybersecurity breaches top of mind for pension funds
Compliance with industry standards can help pension plan sponsors take their defences to the next level by instilling a culture of cybersecurity via threat awareness and skills training, breach simulations and penetration testing, among other measures, says Kroll's Jaycee Roth.

Events

My Take: DEI in the workplace begins with re-thinking recruitment processes

My Take: DEI in the workplace begins with re-thinking recruitment processes
According to an update on the BlackNorth Initiative's website, the percentage of participating companies without any Black employees dropped from 17% to 6% in 2022 and Black representation among companies with more than 1,000 employees grew from roughly 2% to 4%.

Employers increasingly aware of lifetime pension pools, but more work to be done: report

Employers increasingly aware of lifetime pension pools, but more work to be done: report
The main challenges in implementing lifetime pension pools include a lack of regulatory framework, a lack of efficient ways to communicate and disclose risk to members and no consensus on optimal pool design elements, according to a new report by SFU’s Barbara Sanders and Jean-François Bégin.

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