Latest news in Governance/legislation

CalPERS CEO pay reaching US$1.2M due to investment performance boost: report

Marcie Frost, chief executive officer at the California Public Employees’ Retirement System, is receiving a significant bonus that will boost her compensation to more than…

  • By: Staff
  • September 25, 2024 September 23, 2024
  • 15:00

Increasing cybersecurity risks pushing institutional investors to build effective response plans: expert

An increase in the frequency of digital breaches among financial organizations is pushing institutional investors to take the necessary steps to prevent cyberattacks, says Sebastien…

How plan sponsors can support employees going through a divorce

Going through a divorce can be an extremely stressful and emotional experience and, unsurprisingly, the impacts can spill into the workplace. “[Employees may be] at…

Bristol-Myers Squibb sued for US$2BN pension risk transfer deal

Bristol-Myers Squibb Co. is being targeted in a lawsuit over a US$2 billion pension risk transfer deal completed in 2019 with Athene Annuity and Life…

  • By: Staff
  • September 12, 2024 September 12, 2024
  • 11:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on Citigroup Inc.’s new parental and caregiver leave programs for U.S. employees was the most-read story on BenefitsCanada.com this past week. Here are the…

  • By: Staff
  • August 30, 2024 August 29, 2024
  • 09:00

Ontario’s target-benefit framework too prescriptive, could lead to increased plan costs: ACPM

Ontario’s proposed regulatory framework for target-benefit pension plans includes requirements that are more prescriptive than other jurisdictions and could result in additional costs and reduced…

  • By: Staff
  • August 28, 2024 August 27, 2024
  • 15:00
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Argentine Senate passes pension spending increase in a blow to President Milei’s radical austerity

Argentina’s Senate defied President Javier Milei to push through an increase to pension spending that would cost at least 0.4 per cent of the country’s…

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Top 5 HR, benefits, pension and investment stories of the week

An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the…

  • By: Staff
  • August 16, 2024 August 15, 2024
  • 09:00

Alberta officials advised against releasing CPP exit survey results: report

Alberta’s finance and treasury board warned against releasing the official results from a government survey evaluating the interest in a new potential pension plan, according…

  • By: Staff
  • August 14, 2024 August 16, 2024
  • 15:00

Canadian pension plans facing unexpected taxes in EU countries: PIAC

Canadian pension plans are facing unforeseen taxation of dividends in European Union countries like Germany and the Netherlands, said the Pension Investment Association of Canada.…

  • By: Staff
  • August 13, 2024 August 12, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on the nuances of Quebec’s pension laws was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources,…

  • By: Staff
  • August 9, 2024 August 8, 2024
  • 09:00

How Canada’s large pension funds are approaching green investment disclosures

Institutional investors are disclosing the environmental impact of their assets through increasingly sophisticated sustainability reports that use the latest disclosure metrics. While some of Canada’s…

What can the Canadian pension industry learn from U.S. CAP litigation?

While lawsuits against Canadian capital accumulation plans are virtually non-existent, U.S. pension litigation holds several lessons for plan sponsors that are based north of the…

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Ontario’s proposed amendment to succession law could create confusion around pension matters: ACPM

The Association of Canadian Pension Management is urging the Ontario government to ensure its proposed amendment to the Succession Law Reform Act doesn’t introduce unintended confusion…

  • By: Staff
  • August 7, 2024 August 7, 2024
  • 15:00

What should employers know about Quebec’s pension legislation?

Businesses that are planning to establish themselves in Quebec by way of expansion or acquisition should be aware of some unique aspects of the province’s…

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Top 5 HR, benefits, pension and investment stories of the week

An article detailing how Canada’s exemplary pension regulatory system is helping to safeguard plans from mismanagement was the most-read story on BenefitsCanada.com this week. Here…

  • By: Staff
  • August 2, 2024 August 1, 2024
  • 09:00

Extending ‘25-and-out’ legislation could stabilize public sector pension plans’ maturity issues: expert

The federal government’s move to introduce legislation extending pension eligibility to frontline public safety and law enforcement workers after 25 years of service could help manage…

Culture of compliance prevents mismanagement, conflict at Canadian pension funds: expert

A culture of prudent investment standards and guideline compliance is keeping Canadian pension funds safe from some of the unique risk management cases seen abroad,…

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Demand for in-plan annuity options growing among U.S. workers, employers: report

Seven in 10 U.S. workers between the ages of 40 and 80 with at least $100,000 in investable assets say they’d be “very” or “somewhat”…

  • By: Staff
  • July 29, 2024 July 29, 2024
  • 15:00

Canadian green taxonomy plan could boost institutional investments: PIAC

The establishment of a green and transition taxonomy by the federal government will help provide the confidence and transparency that investors need to make decisions…

  • By: Staff
  • July 19, 2024 July 18, 2024
  • 09:00
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Canadian pension leaders urging sustainability regulator to modify new disclosure guidelines

In an open letter, leaders from Canada’s biggest pension funds are asking the Canadian Sustainability Standards Board to reconsider a two-year relief period granted to…

  • By: Staff
  • July 18, 2024 July 17, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

A story on how group insurers can help plan sponsors provide adequate coverage and ensure appropriate use of treatments for rare diseases was the most-read…

  • By: Staff
  • July 12, 2024 July 11, 2024
  • 09:00

Blair Morrison retiring from BCFSA

Blair Morrison, chief executive officer and chief statutory officer of the British Columbia Financial Services Authority, is retiring in early 2025 after more than five…

  • By: Staff
  • July 9, 2024 July 8, 2024
  • 09:00

Unions welcoming equitable pension reform for frontline public safety, law enforcement workers

The federal government recently announced plans to introduce legislation in the fall that will expand pension eligibility to frontline public safety and law enforcement workers…