Readers were focused on the Canada Pension Plan and old-age security in 2018, with the top three most read stories tackling those topics. Benefits Canada rounds up the industry’s favourite pension and retirement stories of the year: 1. New CPP, OAS benefit amounts take effect for 2018 2. Increase to OAS benefits takes effect July 1 3. Why aren’t Canada’s public […]
The Canada Pension Plan Investment Board is adopting a new global policy to improve gender equality and increase the representation of women on corporate boards. Under the policy, the CPPIB will vote against committee chairs responsible for director nominations at investee public companies if the boards don’t have women directors. Read: CPPIB highlights efforts to encourage women on […]
The vast majority (91 per cent) of Canadian institutional investors have adjusted their voting and engagement policies to focus more on environmental, social and governance risks, according to a report by marketing agency Edelman. The report, which surveyed 500 Canadian institutional investors, found 65 per cent have made policy adjustments within the past year. As well, […]
Capital allocated to sustainable, responsible and impact investing now accounts for around a quarter of total assets under professional management in the U.S., according to a new survey by the US SIF Foundation. In 2018, that represented US$12 trillion, a 38 per cent increase on US$8.7 trillion in 2016, which has been largely driven by asset managers. […]
While advisors are supportive of greater transparency in group benefits and retirement services, some say the Canadian Life and Health Insurance Association’s proposed amendments to its compensation disclosure guideline last week still presents a conflict of interest. The suggested changes to G19 included requiring the disclosure of both the percentage and dollar value of direct compensation […]
While global institutional investors’ ability to analyze fixed income products on environmental, social and governance factors is growing, the supply of socially or eco-savvy bonds isn’t keeping up with demand, according to new research by Cerulli Associates. “Cerulli research shows an increase in demand for ESG in all segments of the fixed-income market,” said André Schnurrenberger, […]
The federal government is launching national consultations on enhancing the retirement security of Canadians, including potential actions on pension regulations and bankruptcy and insolvency laws. Previously announced in the 2018 budget and reiterated on Wednesday in the fall economic statement, the consultation includes measures to help ensure employers maintain well-funded pension plans, better aligning corporate decision-making with […]
With just about a month to go until the federal government’s long-awaited Canada Pension Plan enhancements kick in on Jan. 1, 2019, Scott Perkin is relaxed about the prospect. Although the changes have been billed as one of the biggest shakeups to the CPP since its introduction in the mid-1960s, Perkin, the director of pension […]
After consulting with more than 500 advisors, the Canadian Life and Health Insurance Association is making a number of changes to its G19 guideline pertaining to compensation disclosure in group benefits and group retirement services. The proposed guideline, which was introduced nearly a year ago, would require insurers to disclose to plan sponsors the compensation paid to intermediaries for […]
The first two parts of this series explored the first 10 principles of the Canadian Association of Pension Supervisory Authorities’ guidelines on pension governance. As a principles-based framework, the guidelines lay out what to strive for, leaving the how up to plan administrators. The final instalment in this series looks at the 11th principle, which recommends that […]