The Client Relationship Model is a regulatory effort designed to help clarify investment performance and costs for investors. Phase 1 What it involves: New disclosure…
The Ontario Teachers’ Pension Plan – along with RedBird Capital Partners and Aethon Energy Management – will acquire J-W Energy’s assets in north Louisiana and northeast…
Most financial professionals — not to mention the government — are still working through the changes announced in the 2016 federal budget, but the Investment…
Defined benefit pension risk is as much in the spotlight today as ever and remains a significant issue for plan sponsors, even when the sponsor’s…
The Canadian Life and Health Insurance Association is introducing a new online resource for people nearing retirement. The association launched Retiring Soon? this week after its financial literacy committee noted…
Ontario Teachers’ Pension Plan is adding to its industrial and energy portfolio through the acquisition of Aurora Plastics Inc. Founded in 1997, Aurora Plastics produces…
Following a settlement reached by the parties, the United States District Court for the District of Columbia has dismissed the U.S. Department of Labour’s lawsuit against…
Sun Life Financial Inc. is boosting its presence in Hong Kong through the acquisition of the pension business of FWD Life Insurance Co. Ltd. “Expanding…
Canadian pension funds seem to have fared well despite the short-term market volatility that ensued following Britain’s vote to leave the European Union, but a…
Robert De Niro may have changed the way Sun Life Financial Inc. looks at its intern program. “One rainy day a few months ago, I…
Do you agree with Ontario spending $70 million on the now-abandoned Ontario Retirement Pension Plan? Last week, the provincial government released the costs for the…
The Public Sector Pension Investment Board and private equity firm BC Partners will be acquiring a majority stake in consumer goods manufacturer Keter Group. Based…
Employers should start reviewing their current retirement plans to prepare for the 2019 expansion of the Canada Pension Plan, according to a Willis Towers Watson…
An article on how the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline will impact plan sponsors and members was the most-read story…
While the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline contains several key updates with regard to plan sponsor and member responsibilities,…
In 2023, the world’s 300 largest pension funds’ assets under management increased by 10 per cent to US$22.6 trillion, compared to $20.6 trillion at the…
With many Canadian defined benefit pension plans in a strong funded position, plan sponsors, particularly those with unionized workforces, are increasingly discussing the use of…
The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s…
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…
From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member survey found plan members’ optimism…
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…
When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…
Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…
Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…