BE Responsive Newsletter

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Updates to FSRA pension administration guidance will strengthen language around legal risks: expert

Updates to FSRA pension administration guidance will strengthen language around legal risks: expert
The updates include new sections on managing and retaining records, responding to complaints and inquiries and communicating information to plan members in an accurate and timely manner.

OMERS reporting 3.1% return in first half of 2023, driven by public equities

OMERS reporting 3.1% return in first half of 2023, driven by public equities
Public equities returned 5.9% in the first half of the year, supported by the OMERS’ core holdings in high-quality, large-cap stocks in the technology, communication, financials and consumer discretionary sectors.

U.S. employer-sponsored health benefits costs expected to rise 7% in 2024: survey

U.S. employer-sponsored health benefits costs expected to rise 7% in 2024: survey
The No. 1 reason cited for increasing costs was chronic health conditions (22%), followed by catastrophic claims (19%), specialty or costly prescription drugs and treatments (16%) and medical provider costs (14%), according to a new survey by the IFEBP.

FSRA seeking input on draft guidance for communication of pension enforcement actions

FSRA seeking input on draft guidance for communication of pension enforcement actions
FROM THE ARCHIVES: For the pension sector, the FSRA said it will issue a notice of its intended decision when addressing instances of a pension plan’s regulatory misconduct and non-compliance with regulatory requirements.

Events

Ontario DB pension plans return 0.7% in Q2 2023: FSRA

Ontario DB pension plans return 0.7% in Q2 2023: FSRA
The positive return contributed to a small increase in the median projected solvency ratio, which increased to 116%, according to a new report by the FSRA.

Report finds fewer employees going above and beyond in their jobs

Report finds fewer employees going above and beyond in their jobs
German employees reported the largest drop in motivation to go above and beyond, decreasing from 65% in 2020 to 53% in 2022, followed by Japan, where motivation declined from 63% to 53% during the same period, according to a new report by Qualtrics.

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