pension risk management – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 14:17:26 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Expert panel: What are some CEO red flags for institutional investors to consider? https://www.benefitscanada.com/expertpanel_/george-athanassakos/expert-panel-what-are-some-ceo-red-flags-for-institutional-investors-to-consider/ Tue, 29 Oct 2024 15:00:11 +0000 https://www.benefitscanada.com/?p=161877 According to an old adage, the fish rots from the head down. With the chief executive officer being the head of a corporation, are there any red flags to make institutional investors anticipate the rot when considering investee companies? Notable American businessman Charlie Munger was once asked what advice he would give to young investment […]

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]]> Institutional investors’ facing increased cybersecurity risk due to speed of AI evolution: OSFI https://www.benefitscanada.com/pensions/governance-law/institutional-investors-facing-increased-cybersecurity-risk-due-to-speed-of-ai-evolution-osfi/ Thu, 24 Oct 2024 15:00:02 +0000 https://www.benefitscanada.com/?p=161704 The rapid adoption of artificial intelligence tools in financial industries represents an evolving risk to institutional investors, according to a new report by the Office of the Superintendent of Financial Institutions. The financial regulator noted rapid developments in the generative AI space have resulted in an increased adoption of AI tools in financial industries. While […]

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]]> 2024 Risk Management Conference: TTC Pension Plan using due diligence, storytelling to communicate risk analyses to board https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-risk-management-conference-ttc-pension-plan-using-due-diligence-storytelling-to-communicate-risk-analyses-to-board/ Mon, 21 Oct 2024 11:52:04 +0000 https://www.benefitscanada.com/?p=160625 When communicating risk management posturing to executive boards, it’s important for pension plan sponsors to tell a cohesive and fulsome story, said Danny Ip, director of investment risk and analytics for the Toronto Transit Commission Pension Plan, during the Canadian Investment Review‘s 2024 Risk Management Conference. The TTC plan, which has $8.7 billion in assets under management, has […]

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]]> 2024 Risk Management Conference: Panel: Expanding access to DB pension plans best way to maintain sustainability https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-risk-management-conference-panel-expanding-access-to-db-pension-plans-best-way-to-maintain-sustainability/ Mon, 21 Oct 2024 11:50:28 +0000 https://www.benefitscanada.com/?p=160697 Longevity risk is still among the top concerns keeping defined benefit pension plan sponsors up at night. While a 62-year-old person that retired in 2002 had a life expectancy of 21.4 years, that has now increased to 26.2 years, said Darwin Bozek, president and chief executive officer of the Ontario Pension Board, during a panel discussion at […]

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]]> Sounding Board: What employers need to know about CAPSA’s 2024 CAP guideline https://www.benefitscanada.com/pensions/cap/sounding-board-what-employers-need-to-know-about-capsas-2024-cap-guideline/ Thu, 03 Oct 2024 13:00:55 +0000 https://www.benefitscanada.com/?p=160820 After a two-year consultation period, the Canadian Association of Pension Supervisory Authorities released its 2024 guideline for capital accumulation plans in September. With a focus on improving plan governance and member outcomes, the 2024 guideline significantly increases compliance responsibilities for CAP sponsors. Updated regulatory guidelines are rarely shorter than their predecessors and the 2024 CAP […]

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]]> FSRA releases final guidance on roles, responsibilities of pension plan administrators https://www.benefitscanada.com/pensions/governance-law/fsra-releases-final-guidance-on-roles-responsibilities-of-pension-plan-administrators/ Mon, 24 Jun 2024 19:00:46 +0000 https://www.benefitscanada.com/?p=157340 The Financial Services Regulatory Authority of Ontario has updated its guidance on the roles and responsibilities of pension plan administrators, adding three additional areas for administrators to enhance protection and stability for pension plan beneficiaries. The guidance, which took effect earlier this month, stated an administrator is responsible for all aspects of the administration of the […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-82/ Fri, 10 May 2024 13:00:43 +0000 https://www.benefitscanada.com/?p=155524 An article on the federal government’s financial sanctions against the Canada Life Assurance Co. following delayed benefits access for public employees was the most-read article on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Canada Life facing gov’t financial sanctions following delayed benefits access for public […]

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]]> Median solvency ratio of Canadian DB pension plans up 2% in Q1 2024: reports https://www.benefitscanada.com/pensions/defined-benefit-pensions/median-solvency-ratio-of-canadian-db-pension-plans-up-2-in-q1-2024-reports/ Thu, 04 Apr 2024 19:00:37 +0000 https://www.benefitscanada.com/?p=153937 The median solvency ratio of Canadian defined benefit pension plans increased two per cent in the first quarter of 2024, according to a report by Mercer. The report, which tracks more than 450 DB pension plans, found the median solvency ratio grew to 118 per cent, as at March 29, 2024, from 116 per cent […]

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]]> Ford Canada transferring $923 million in pension liabilities via group annuity buyout https://www.benefitscanada.com/pensions/defined-benefit-pensions/ford-canada-transferring-923-million-in-pension-liabilities-via-group-annuity-buyout/ Thu, 22 Feb 2024 14:00:04 +0000 https://www.benefitscanada.com/?p=152217 Ford of Canada is is transferring the longevity risk for $923 million in pension plan liabilities through a group annuity buyout. RBC Insurance, Sun Life Assurance Co. of Canada and Desjardins Group will assume responsibility for making pension payments to 2,700 of the plan’s members, who retired on or prior to June 1, 2021. Read: GM Canada […]

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]]> Median solvency ratio of Canadian DB pension plans declines in Q4 2023: reports https://www.benefitscanada.com/pensions/defined-benefit-pensions/median-solvency-ratio-of-canadian-db-pension-plans-declines-in-q4-2023-reports/ Fri, 05 Jan 2024 14:00:12 +0000 https://www.benefitscanada.com/?p=149694 The median solvency ratio of Canadian defined benefit pension plans declined in the fourth quarter of 2023, according to reports by Mercer and Aon. Mercer’s report, which tracked more than 450 DB pension plans, found the median solvency ratio declined to 116 per cent as at Dec. 31, 2023, from its previous high of 125 […]

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