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FSRA’s proposed guidance on retroactive adverse amendments inconsistent with case law, Pension Benefits Act: ACPM

The Financial Services Regulatory Authority of Ontario’s revised proposed guidance on retroactive adverse amendments for pension plan administrators is inconsistent with existing case law, the wording of the Pension Benefits Act and the principles of statutory interpretation, said the Association of Canadian Pension Management, in an open letter. The FSRA’s proposed guidelines aim to provide greater […]

  • February 5, 2024 June 6, 2024
  • 09:00

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

An article on the Canadian Life and Health Insurance Association’s priorities for the coming year 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 week: 1. CLHIA focusing on improving pharmacare, rare disease drug coverage in 2024 2. Majority of Canadian employers expecting […]

  • February 2, 2024 February 1, 2024
  • 09:00

Average Canadian DB pension plan returns 8.2% in Q4 2023: report

The average Canadian defined benefit pension plan posted returns of 8.2 per cent in the fourth quarter of 2023, according to RBC Investor Services. It found the average Canadian DB plan ended 2023 with a 9.1 per cent return, a significant increase from negative 10.3 per cent in 2022. Read: Average Canadian DB pension plan returns […]

  • February 1, 2024 February 1, 2024
  • 15:00

AIMCo creates $1 billion fund for energy transition, Caisse backs aircraft financing platform

The Alberta Investment Management Corp. is setting up a new $1 billion fund to invest in energy transition and decarbonization efforts, according to a report by the Globe and Mail. The new fund will specifically target industrial decarbonization, carbon capture, sustainable fuels, renewable energy production, electrification and energy storage and efficiency. However, the launch of the fund […]

  • February 1, 2024 February 1, 2024
  • 11:00

Three Canadian pension funds’ investments among the biggest mergers, acquisitions deals in Q4 2023: report

A joint venture that saw the Canada Pension Plan Investment Board and Blackstone Inc. acquire a 20 per cent stake in a senior mortgage loan portfolio from the failed Signature Bank for US$1.2 billion was the biggest mergers and acquisitions transaction in the fourth quarter of 2023, according to a report by S&P Global Market Intelligence. […]

  • February 1, 2024 February 1, 2024
  • 11:00

Half of Canadian BIPOC employees feel uncomfortable or unwelcome at work: survey

Roughly half of Black, Indigenous and people of colour employees in Canada report feeling uncomfortable or unwelcome in the workplace, especially those aged 30 to 44, according to a new survey by the Coalition of Innovation Leaders Against Racism. The survey, which polled 500 employees, found many instances of discrimination were disproportionately reported by respondents […]

  • February 1, 2024 February 14, 2024
  • 09:00

Baby boomers are the happiest employees in the workplace: survey

For the 13th consecutive month, baby boomers are the happiest generation in the workplace, reporting an average happiness level of 7.1 on a scale of one to 10, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 workers, found generation Z (6.7 points) was the next happiest generation, […]

  • January 31, 2024 January 31, 2024
  • 15:00

Robinson Solutions, Unifor agreement includes pension, benefits gains

The union representing more than 160 employees at facilities services provider Robinson Solutions in Oshawa, Ont. has ratified a three-year collective agreement that includes pension and benefits gains. The agreement includes enrolment in the Colleges of Applied Arts and Technology’s DBplus pension plan with a two per cent employer contribution. As well, full-time employees will […]

  • January 31, 2024 January 30, 2024
  • 09:00

North American companies continue to link executive pay programs to ESG measures: report

The adoption of environmental, social and governance measures in executive incentive plans continues to increase across markets, especially in North America, according to a new report by WTW. The report, which reviewed public disclosures from more than 1,100 global companies, found metrics related to human capital remained the most popular across all ESG categories, used […]

  • January 30, 2024 January 30, 2024
  • 15:00

Just 22% of Albertans support CPP withdrawal, creation of provincial pension plan: survey

Just a fifth (22 per cent) of Albertans say they support the province’s plan to leave the Canada Pension Plan in favour of a provincial plan, down from 27 per cent last October, according to a new survey by Leger Marketing Inc. The survey, which polled more than 1,000 Albertans, found while 40 per cent […]

  • January 30, 2024 January 29, 2024
  • 09:00