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Ontario’s target-benefit framework too prescriptive, could lead to increased plan costs: ACPM

Ontario’s proposed regulatory framework for target-benefit pension plans includes requirements that are more prescriptive than other jurisdictions and could result in additional costs and reduced benefits for plan members, said the Association of Canadian Pension Management. In an open letter, the ACPM noted the inclusion of policies — such as those determining funding and benefits, […]

  • August 28, 2024 August 27, 2024
  • 15:00

Citigroup enhancing parental leave, introducing caregiver leave for U.S., Puerto Rico employees

Citigroup Inc. is enhancing its parental leave and introducing a new caregiver leave for employees in the U.S. and Puerto Rico. The financial services company is providing all employees who are new parents with 16 weeks of paid leave, regardless of their path to parenthood, according to a press release. Birthing parents will receive additional […]

  • August 27, 2024 August 27, 2024
  • 09:00

PSP Investments’ Eduard van Gelderen stepping down from SVP, CIO role

Eduard van Gelderen, the Public Sector Pension Investment Board’s senior vice-president and chief investment officer, is stepping down after six years with the organization. Effective immediately, Alexandre Roy, PSP Investments’ senior managing director of total fund management, will assume the CIO’s responsibilities on an interim basis, according to a press release. Read: PSP Investments appointing Oliver […]

  • August 22, 2024 September 4, 2024
  • 15:00

CPPIB appointing Caitlin Gubbels as global head of private equity

The Canada Pension Plan Investment Board is appointing Caitlin Gubbels as senior managing director and global head of private equity. In this role, she’ll lead the investment organization’s teams dedicated to direct private equity, Asian private equity and private equity funds and secondaries. Gubbels joined the CPPIB in 2010 and was most recently its head […]

  • August 20, 2024 August 20, 2024
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. 70% of Canadian workers say flexibility key to job satisfaction: survey 2. Only a quarter of Canadian employees […]

  • August 16, 2024 August 15, 2024
  • 09:00

70% of Canadian workers say flexibility key to job satisfaction: survey

Seven in 10 (70 per cent) Canadian workers say flexibility is key to job satisfaction, according to Telus Health’s latest mental-health index. It found while the average mental-health score of Canadian workers remained unchanged (63.9) from the previous month, roughly a third (34 per cent) of respondents had a high mental-health risk. Indeed, seven per cent of […]

  • August 9, 2024 August 8, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on the nuances of Quebec’s pension laws was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What should employers know about Quebec’s pension legislation? 2. Ontario’s new regulations for publicly advertised jobs providing transparency for job-seekers: expert 3. Canadian […]

  • August 9, 2024 August 8, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article detailing how Canada’s exemplary pension regulatory system is helping to safeguard plans from mismanagement was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Culture of compliance prevents mismanagement, conflict at Canadian pension funds: expert 2. OPB making key appointments […]

  • August 2, 2024 August 1, 2024
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41% of U.K. employees no longer working from home at all in 2024: survey

Two-fifths (41 per cent) of U.K. employees are no longer working from home at all in 2024, up from 36 per cent in 2023, according to a new survey by Mobilityways Ltd. The survey, which polled more than 10,300 commuters, also found the average number of work-from-home days dropped from 1.8 days per week in 2023 to […]

  • July 30, 2024 July 30, 2024
  • 15:00

Demand for in-plan annuity options growing among U.S. workers, employers: report

Seven in 10 U.S. workers between the ages of 40 and 80 with at least $100,000 in investable assets say they’d be “very” or “somewhat” likely to select an in-plan annuity option if it were available within their employer-sponsored retirement savings plan, according to a new report by LIMRA. It also found younger plan participants […]

  • July 29, 2024 July 29, 2024
  • 15:00