The consolidation of firms within the pension and benefits industries could pose a threat because there’s less choice available in terms of service providers, says Susan G. Seller, a pension and benefits lawyer at Bennett Jones LLP. “I think the evolution of the services they offer . . . poses a particular challenge for employers […]
Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]
Manitoba Premier Brian Pallister is calling for a merger of management services for the province’s public-sector pensions. Pallister says he’s not suggesting the funds themselves merge — only that they be managed as a group. He says a much larger pool of funds would be subject to lower management fees, and that could save roughly […]
The Alberta Teachers’ Retirement Fund Board will transfer all of its funds to the Alberta Investment Management Corp. for management, according to the province’s latest budget. The ATRF board, which administers pensions for all teachers in Alberta school jurisdictions and charter schools, said in a press release it was only made aware of the change […]