British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.’s subpar economic growth. Reeves said in her speech to finance leaders in central London that the creation of so-called “megafunds” will represent the […]
Ford Motor Co. and Lowe’s Companies Inc. have joined the ranks of companies that have pulled back on diversity, equity and inclusion policies while facing pressure from conservative groups. Last week, Ford chief executive officer Jim Farley sent a memo to all employees outlining the changes, including a decision to stop taking part in external […]
A U.S. federal judge has ruled that Florida’s transgender health-care ban discriminates against state employees and violates their civil rights. Chief U.S. District Judge Mark Walker ruled Thursday that the state’s ban violated Title VII of the Civil Rights Act of 1964, which protects employees and job applicants from employment discrimination based on race, colour, […]
Jessica Tincopa may leave the photography business she spent 14 years building for one reason — to find coverage for fertility treatment. After six miscarriages, Tincopa and her husband started saving for in vitro fertilization, which can cost more than US$20,000. But the coronavirus pandemic wiped out their savings and they can’t find coverage for IVF in their state’s health insurance marketplace. So the California couple is saving again and […]
Employees working from home during the worst part of the coronavirus pandemic were younger, more diverse and better educated, according to a new report from the U.S. Census Bureau. In many respects, the demographic makeup of people working from home between 2019 and 2021 became more like workers who were commuting, while the share of […]
Most gig workers in Seattle will be permanently entitled to paid sick leave under a new law that expands coronavirus pandemic-era protections and strengthens labour rights for app-based workers. Under the law, workers will accrue one day of paid sick or safe leave — to be used when caring for themselves or a family member […]
U.S. employers are increasingly posting salary ranges for job openings, even in states where it’s not required by law, according to analysts with several major job search websites. Following new legislation in California, Colorado, New York City, Washington and elsewhere, employers across the country are becoming more transparent about pay in order to stay competitive […]
When two U.S. banks failed this month, among the investors who lost millions were U.S. public sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers. Since the pension funds are diversified investors whose holdings in Silicon Valley Bank and Signature Bank were small portions of their portfolios, experts aren’t […]
The French government’s plans to reform the national pension system have been met by widespread protest. Elisabeth Borne, France’s prime minister, unveiled plans to raise the minimum age required to claim benefits from the Caisse Nationale d’Assurance Vieillesse from 62 to 64 by 2030. In addition, the government proposed that claimants will be required to […]
Reassuring frustrated blue-collar voters, U.S. President Joe Biden on Wednesday visited Ohio iron workers to highlight federal action to shore up troubled pension funding for millions now on the job or retired — and to make his political case that he’s been a champion for workers in the White House. Biden’s speech at a Cleveland […]