Workplace harassment is equally destructive whether it comes in single or multiple forms, a recent study concludes. New research from Queen’s School of Business published in the Journal of Applied Psychology suggests that a single type of workplace harassment on its own can be just as harmful to an employee as being exposed to one […]
After what seemed like an eternity of consultations, town hall meetings and white papers, Federal Finance Minister Jim Flaherty and Ontario Finance Minister Dwight Duncan have tipped their hands on the issue of pension reform, revealing a united front in favour of an enhanced Canada Pension Plan (CPP) and an expanded role for the private […]
The U.K. government’s proposal to give workers access to their pension fund prior to retirement will only undermine the country’s retirement system, warns Mercer. The new coalition government’s ‘Programme for Government’ document states that it will “explore the potential to give people greater flexibility in accessing part of their personal pension fund early.” Such early […]
On the heels of a StatsCan report indicating that all boomers will be eligible for retirement within the next 20 years, a BMO Retirement Institute poll finds that only 48% of boomers are prepared for retirement. This means that less than half are planning or have already discussed their post-retirement income strategies with a financial […]
When leaders of large institutional investors aren’t kept up at night worrying about systemic risk, they dream of emerging markets. At the 2010 International Corporate Governance Network conference in Toronto on Tuesday, a panel of powerful investors discussed valuation, opportunity and what strikes fear into their hearts. Risk David Denison, president and CEO of the […]
Investment managers seeking to navigate three new European regulations will need to take a holistic approach in order to fully understand their effects on the landscape, according to a new white paper. Northern Trust’s Funds regulation: A brighter distribution future? outlines the ramifications of the Undertakings for Collective Investment in Transferable Securities (UCITS) IV Directive, […]
The Organisation for Economic Co-operation and Development (OECD) is warning that defined contribution (DC) plan members are at risk of fluctuations in retirement income unless default strategies are adopted that blunt the impact of market shocks. In a working paper, Assessing Default Investment Strategies in Defined Contribution Pension Plans, the OECD explains that the specific […]
Ontario’s Ministry of Health and Long-Term Care has announced the final changes to the Ontario Drug System Renewal, but plan sponsors won’t notice much of a difference from the original legislation. Generics The cost of generic drugs will remain as planned (Year 1: 25% of brand price for government, 50% of brand price for private […]
Apple would probably prefer that you pay attention to the hype surrounding its recently unveiled iPad, but a sadder, more disturbing part of its business is what’s getting press these days. A series of suicides on the grounds of Foxconn, the Taiwanese manufacturer that dominates the supply chain for the world’s largest computer makers, has […]
The global financial crisis helped to spur global rates of absenteeism to their highest levels in 2008/09, a trend that Canada was unable to avoid. What’s more, Canadian organizations may be exacerbating the problem by ignoring it, according to a new report. The Conference Board of Canada’s Beyond Benefits II: Disability Plans and Absence Management […]