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OSFI’s draft pension cybersecurity standard may lead to duplication, increased risk: ACPM

The Office of the Superintendent of Financial Institutions’ proposed cybersecurity incident reporting standard could unintentionally lead to duplication and increased risk if it doesn’t reflect differences in technology and risks faced by federally regulated financial institutions and federally regulated pension plans, according to the Association of Canadian Pension Management. While financial institutions’ systems are critical to the functioning of […]

  • November 9, 2023 November 9, 2023
  • 09:00

Half of European employers say employees complying with in-person work policies: survey

Just half (52 per cent) of European employers say their employees comply with in-person work policies, according to a new survey by employment law firm Littler Mendelson. The survey, which polled nearly 800 employers across Europe, found more than half (58 per cent) said they offer hybrid working arrangements, while just 30 per cent said […]

  • November 9, 2023 November 8, 2023
  • 09:00

Survey finds 76% of U.S. employees concerned about ability to save for retirement

While more than three-quarters (79 per cent) of U.S. employees say they’re satisfied with their employer-sponsored pension plan, 76 per cent say they’re concerned about their capacity to save for retirement due to economic volatility, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than 300 employees and […]

  • November 8, 2023 November 8, 2023
  • 15:00

PIAC urging feds to open consultation on cessation of real return bonds

The Pension Investment Association of Canada is urging the federal government to open a comprehensive consultation regarding the cessation of real return bonds. In an open letter, the PIAC said the decision was made without extensive consultations with the primary purchasers of real return bonds, including pension investors. While real return bonds have typically exhibited a lower […]

  • November 8, 2023 November 7, 2023
  • 09:00

Canadian DB pension plans return -1.99% in third quarter of 2023: report

Canadian defined benefit pension plans generated a median return of negative 1.99 per cent in the third quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $290.2 billion worth of investment assets in Canadian DB plans, found the one-year median return was 8.01 per cent […]

  • November 7, 2023 November 7, 2023
  • 09:00

Just 31% of U.S. workers say their employer has asked for input on hybrid, remote working: survey

Just a third (31 per cent) of U.S. employees say their employers has asked for their input on remote and hybrid working arrangements, according to a new survey by Eagle Hill Consulting. The survey, which polled more than 1,300 workers, found half (49 per cent) said they prefer an employer that offers remote and hybrid […]

  • November 6, 2023 November 6, 2023
  • 15:00

TD Synnex modernizing benefits plan, supporting plan members’ mental health

TD Synnex Canada is modernizing its employee benefits plan by getting the best value for money while still protecting employees from a mental-health and well-being perspective, according to Shana Kapustin, the global information technology company’s senior director of human resources, speaking during an event hosted last week by the Group Insurance and Pharmaceutical Committee. “We’ve gone […]

  • November 6, 2023 November 9, 2023
  • 09:00

Survey finds only a third of Canadians are factoring chronic conditions into retirement plans

Among baby boomers with a chronic physical or mental-health condition that requires medication or treatment (49 per cent), a third (32 per cent) have changed or considered changing their retirement plans to pay for health-related costs, according to a new survey by Sun Life Financial Inc. The survey, which polled 750 baby boomers and 750 […]

  • November 3, 2023 November 2, 2023
  • 15:00

Feds name advisory group for national strategy for drugs for rare diseases

The federal government is appointing members to an implementation advisory group to support the launch of its national strategy for drugs for rare diseases. The members from Canada’s private payer community include: Stephen Frank, president and chief executive officer of the Canadian Life and Health Insurance Association; Joanne Jung, Canadian pharmacy and clinical practice leader at […]

  • November 3, 2023 November 7, 2023
  • 09:00

Ontario Infrastructure Bank to leverage public sector pension investments

The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. In its fall economic statement on Thursday, the province said it will provide $3 billion in initial funding to the Ontario Infrastructure Bank, which will support the development of new long‐term care homes, […]

  • November 3, 2023 November 2, 2023
  • 09:00