Similar to 2022, the coming year will present both challenges and opportunities for defined benefit pension plan sponsors, with the rewards going to plan sponsors that are resilient, embrace change and are willing and able to act when opportunities arise. Several trends that will be top of mind in the year ahead are: Inflation The […]
An article on how Canada compares to other countries in terms of its vacation day offering was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canada ranks 39 out of 43 countries for vacation day offering: report 2. Coke Canada expanding coverage for mental-health, family-building […]
In January, the Canadian Association of Pension Supervisory Authorities established a new committee with a mandate to develop a risk management guidance. In the CAPSA’s view, by having an adequate system for managing risks, “plan administrators are better positioned to keep pension assets safe and protect the plan from adverse risks.” Coinciding with this initiative, […]
The British Columbia Investment Management Corp. is enhancing its climate change strategy to successfully navigate the global transition towards net-zero emissions. The investment organization’s priorities include that, by 2030, at least 80 per cent of its carbon-intensive investments have set mature net-zero aligned commitments or are the subject of direct or collaborative climate engagement. In a […]
More than two-thirds (68 per cent) of North American employers have a formal diversity, equity and inclusion policy or program, while 60 per cent offer employee education on DEI, according to two separate surveys by Leger Marketing Inc. on behalf of ESG Global Advisors and ACI Argyle Communications Inc. The surveys, which polled more than 70 […]
Alain Malaket has a nuanced perspective on risk — one informed by his experiences as a third-party administrator, pension regulator, consultant, pension plan director and motorcyclist. Today, InBenefits’ chief executive officer’s perspective informs his interest in alternative pension models. Put simply, he believes people don’t make the best decisions about safeguarding their futures. It’s a […]
An article on the strike by Ontario education workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CUPE’s Ontario education workers striking for extended benefits, wage increases 2. Stellantis, Unifor agreement includes pension and retirement gains 3. Sounding Board: How employers can better support employees […]
The Canadian Institute of Actuaries is advising the Canadian Association of Pension Supervisory Authorities to strengthen its proposed guideline on risks related to environmental, social and governance factors, including consideration for pension plan liabilities and climate-related disclosure. In an open letter to the CAPSA, the CIA suggested including a section on how ESG factors should […]
The Association of Canadian Pension Management is advising the Canadian Association of Pension Supervisory Authorities to take a less prescriptive approach in its proposed guidelines on risks related to environmental, social and governance factors, cybersecurity and leverage. In an open letter to the CAPSA, the ACPM said a one-size-fits-all approach to ESG regulation could potentially […]
For the first time in three years, Canadian defined contribution pension plan sponsors, investment professionals and industry thought leaders gathered in person for Benefits Canada’s 2022 DC Investment Forum. On Sept. 23 at the Ritz-Carlton Toronto, the full educational day covered topics such as behavioural finance, target-date funds, sustainable investing, real estate and fixed income, […]