U.K. – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 More Canadian employers implementing four-day workweek: study https://www.benefitscanada.com/news/bencan/more-canadian-employers-implementing-four-day-workweek-study/ Wed, 29 May 2024 19:00:03 +0000 https://www.benefitscanada.com/?p=156147 The number of Canadian businesses implementing four-day workweek schedules has increased by 34 per cent over the past year, according to a new study by Bright HR Ltd. It found, overall, there was a 25 per cent increase in the number of businesses implementing four-day workweeks in the past year. There was only a slight increase of […]

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]]> Nordic countries offer best parental work-life balance, Canada needs improvement: study https://www.benefitscanada.com/news/bencan/nordic-countries-offer-best-parental-life-work-balance-canada-needs-improvement-study/ Fri, 24 May 2024 13:00:00 +0000 https://www.benefitscanada.com/?p=156010 Norway, Sweden and Denmark offer the best parental work-life balance, according to a new study by Remote Technology Inc. The global study assessed the quality of parental work-life balance in 20 nations by analyzing factors like parental leave, annual leave entitlement and childcare costs. It found the Nordic nations had an exceptionally high expenditure on family […]

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]]> Caisse invests $200 million in Quebec-based apparel firm, CPPIB buys energy company for US$6.2 billion https://www.benefitscanada.com/canadian-investment-review/alts/caisse-invests-200-million-in-quebec-based-apparel-firm-cppib-buys-energy-company-for-us6-2-billion/ Thu, 09 May 2024 19:00:24 +0000 https://www.benefitscanada.com/?p=155446 The Caisse de dépôt et placement du Québec and Gildan Activewear Inc. have reached an agreement that will see the Montreal-based apparel manufacturer issue $200 million in senior unsecured notes on a private placement basis to the investment organization. Gildan will issue notes with an annual interest rate of six per cent and will mature […]

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]]> CPPIB expands role of global offshore wind platform https://www.benefitscanada.com/canadian-investment-review/alts/cppib-expands-role-of-global-offshore-wind-platform/ Mon, 15 Apr 2024 19:00:16 +0000 https://www.benefitscanada.com/?p=154223 The Canada Pension Plan Investment Board is expanding the role of its wholly owned subsidiary Reventus Power as its dedicated global offshore wind platform. The investment organization will consolidate its existing direct and indirect offshore wind holdings into Reventus Power to build on the business’ existing global footprint and support the sector’s significant growth opportunities. To […]

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]]> Ontario Teachers’ gains minority stake in new alternative lender, UPP backs U.K. locomotive operator https://www.benefitscanada.com/canadian-investment-review/alts/ontario-teachers-gains-minority-stake-in-new-alternative-lender-upp-backs-u-k-locomotive-operator/ Mon, 01 Apr 2024 19:00:47 +0000 https://www.benefitscanada.com/?p=153640 The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]

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]]> U.K. pension funds increasing allocations to renewable energy infrastructure: survey https://www.benefitscanada.com/canadian-investment-review/research-markets/u-k-pension-funds-increasing-allocations-to-renewable-energy-infrastructure-survey/ Tue, 06 Feb 2024 16:00:21 +0000 https://www.benefitscanada.com/?p=151556 A majority (90 per cent) of U.K. pension funds and insurers say they plan to increase allocations to renewable energy infrastructure in the next 12 months, according to a survey from Alpha Real Capital. The survey, which polled U.K. pension funds and insurers that collectively have roughly £360 billion in assets under management, found more […]

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]]> U.K. CAP reforms could reduce pension quality, create administrative challenges: expert https://www.benefitscanada.com/pensions/cap/u-k-cap-reforms-could-reduce-pension-quality-create-administrative-challenges-expert/ Wed, 20 Dec 2023 14:00:01 +0000 https://www.benefitscanada.com/?p=149257 A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are already in place and create administrative challenges, says Adam Bexson, senior corporate pension consultant at Verlingue Ltd. Currently, plan members are automatically enrolled into a retirement plan chosen by their employer, […]

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]]> Majority of U.K. DB pension plan sponsors favour annuity buyout as long-term strategy: survey https://www.benefitscanada.com/pensions/defined-benefit-pensions/majority-of-u-k-db-pension-plan-sponsors-favour-annuity-buyout-as-long-term-strategy-survey/ Tue, 15 Aug 2023 14:00:05 +0000 https://www.benefitscanada.com/?p=142117 More than half of U.K. defined benefit pension plan sponsors say they’d consider ways of securing benefits for their members beyond insurance-based solutions, according to a new survey by Aon. The survey, conducted during a recent webinar among 330 pension plan sponsors and trustees, asked which long-term strategy options they’d consider for their DB plan. Nearly two-thirds […]

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]]> U.K. legislation aims to increase DC pension savings https://www.benefitscanada.com/pensions/governance-law/u-k-legislation-aims-to-increase-dc-pension-savings/ Mon, 17 Jul 2023 13:00:21 +0000 https://www.benefitscanada.com/?p=141085 The U.K. government is introducing legislation that aims to increase defined contribution pension plan savings by more than £1,000 a year in retirement for the average plan member. The legislation will commit nine of the U.K.’s largest DC plan providers to an objective of allocating five per cent of assets in their default funds to […]

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]]> Cyber attack compromises U.K. pension plan members’ personal information https://www.benefitscanada.com/pensions/defined-benefit-pensions/cyber-attack-compromises-u-k-pension-plan-members-personal-information/ Thu, 25 May 2023 16:30:03 +0000 https://www.benefitscanada.com/?p=138787 The largest administrator of private defined benefit and defined contribution pension plans in the U.K. is revealing details about a cyber attack that compromised the personal information of 470,000 of its members. In a press release, the £82.2-billion Universities Superannuation Scheme said its members’ data was held by external servers that were infiltrated by cyber […]

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