Social media is breathing new life into employers’ pension communications, helping to make the benefit resonate with different audiences and offering organizations a far wider footprint than traditional channels. In some ways, the coronavirus pandemic was one of the key drivers of increasing the use of social media in workplace communications, says Jeff Pekar, director […]
More than half (58 per cent) of Canadian workers aged 40 to 60 say financial stress is their No. 1 worry, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,800 full-time employees, found six in 10 (60 per cent) respondents said they thought about their current financial […]
The Canadian Sustainability Standards Board has released its sustainability disclosure standards that align with global sustainability disclosure guidelines, while addressing specific Canadian circumstances. The framework includes general requirements for disclosure of sustainability-related financial information (CSDS 1) and climate-related disclosures (CSDS 2). Ten of Canada’s largest pension plan sponsors and investment managers, representing more than $2.25 […]
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 Co. The class action lawsuit, filed by former employee Charles Doherty and which names independent consultant State Street Global Advisors Trust Co. as a defendant, argues the pharmaceutical company is […]
The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.5 billion in the second quarter of 2024, compared to $1.1 billion in the previous quarter, according to a new report by Telus Health. While plan sponsors that are poised for upcoming transactions have an advantageous position, insurers are […]
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 or ambiguities that would make it challenging for pension plan sponsors, administrators and trustees to carry out their duties. In an open letter, the ACPM said the language of the […]
An article on the City of Philadelphia’s return-to-office mandate was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the week: 1. City of Philadelphia employees ordered back to office 5 days per week 2. CPPIB appointing Priti Singh as senior managing director, chief risk […]
A story discussing the factors leading employees to delay taking time off and instead engage in ‘quiet vacationing’ was the most-read story this week on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Employees hesitant to take time off turning to ‘quiet vacationing’: expert 2. 42% of […]
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 on his agenda. In such a fast-paced and potentially stressful workplace, money matters naturally took a backseat to the physical and mental health of the hospital’s staff, who are members […]
U.S. pension risk transfer sales reached US$14.6 billion in the first quarter of 2024, a 130 per cent increase from the same period in 2023, according to a report by LIMRA. Single-premium buy-out sales totalled $14.2 billion in the first quarter, up 124 per cent from this period in 2023. There were 146 contracts sold […]