It is becoming abundantly clear that there are two different tiers of taxation applied to registered pension plans (RPPs). “Trusteed pension plans are facing significant new administrative and financial burdens as a consequence of the new GST/HST rules for RPPs, while plans funded through insurance contracts are excluded from the provisions,” says Greg Hurst of […]
Summertime fun doesn’t seem to have relaxed the average Canadian worker. According to a Desjardins Financial Security National Health survey of 1,769 Canadian workers, 30% of respondents feel more stress now than they did last year. The issues contributing to their overall anxiety are insufficient salary (30%), work overload (27%), a lack of recognition (22%) […]
Hewitt Associates has expanded its suite of clinical advocacy services by integrating Thomson Reuters Micromedex into the mix. The new tool provides evidence-based reference information for drug, disease, toxicology and patient education that traditionally has only been available to hospitals and other medical facilities. Micromedex allows employees of Hewitt’s client organizations and their family members […]
Although risk is growing, UBS Investment Management believes the U.S. economy will struggle on without actually slipping into negative growth. UBS is still favouring credit sensitive sectors for the incremental income they offer compared with the Treasury agency sector. According to UBS’s September fixed income update, the attractiveness of bonds is having an abrasive effect […]
The Ontario Securities Commission (OSC) has named seven members to its Investor Advisory Panel. The panel includes Nancy Averill (member of the board of directors of the First Nations Statistical Institute), Paul Bates (dean and industry professor in financial management services at the DeGroote School of Business, McMaster University), Stan Buell (founder, president of the […]
U.S. execs are seeing long-term incentive (LTI) grants rising in their 2010 compensation packages but unlike before, there are strings attached. According to analysis of 2010 Form 4 Securities and Exchange Commission (SEC) filings of the Fortune 250 conducted by Hewitt Associates, an increasing number of companies are tying LTIs to specific performance goals, which […]
The Ontario government is cutting universities a break. They are giving them time to balance their pension plans by amending the Pension Benefits Act to grant universities a special exemption which gives them up to ten years to tackle their pension deficits. The exemption comes with a catch though. In return for reprieve, the government […]
How much you do or do not weigh is still an issue when it comes to hiring, reports a recent BLR poll. The poll asked: “Has someone’s weight ever influenced your decision on whether to hire him or her?”, 26% of respondents answered that it had and 28% said it might have been an unconscious […]
Members of Australia’s Mercer Super Trust are getting a helping hand. The new retirement calculator will help them assess their superannuation and predict the impact events such as share market volatility and a career break will have on their retirement income. The simulator also features a ‘stress-test’, which helps members to see the impact of […]
Donald R. Lindsay has joined the board of directors at Manulife, effective August 1. Lindsay, the president and CEO of Teck Resources Limited, spent almost two decades with CIBC World Markets Inc., where he served as president after periods as head of investment and corporate banking and head of the Asia Pacific region. “Don Lindsay’s […]