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CPPIB cuts 10% of staff in Hong Kong office: report

The Canada Pension Plan Investment Board is cutting roughly a dozen employees at its Hong Kong office, according to a report by Bloomberg. It said…

  • By: Staff
  • March 7, 2024 March 6, 2024
  • 11:00
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FSRA outlines risk model to avoid pension plan investment turmoil, risks

The Financial Services Regulatory Authority of Ontario is implementing a framework with core principals to help defined benefit pension plans avoid inappropriate risk-modelling strategies, said James…

28% of employers expecting increased employee turnover in 2024: survey

More than a quarter (28 per cent) of Canadian employers say they’re expecting increased employee turnover this year, according to a new survey by Express…

  • By: Staff
  • March 7, 2024 March 6, 2024
  • 09:00

Ontario Teachers’ making key appointments on investment team

The Ontario Teachers’ Pension Plan is making three key appointments to its executive team, effective immediately. Its appointing Bernard Grzinic as executive managing director of…

  • By: Staff
  • March 6, 2024 March 5, 2024
  • 15:00
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Kodak outsourcing US$1.6TN of pension assets to maximize overfunded status

Eastman Kodak Co. is disbanding a team that manages the firm’s US$1.6 trillion of pension investments and moving its management to Boston-based investment consulting firm…

  • By: Staff
  • March 6, 2024 March 5, 2024
  • 09:00
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How employers can support sandwich generation caregivers

Employers can support sandwich generation caregivers by providing extensive well-being benefits, flexibility and leadership training, says Michael Mousseau, national well-being practice leader at Arthur J.…

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Ontario DB pension plans’ average solvency ratio increased to 119% in Q4 2023: FSRA

The average projected solvency ratio for Ontario defined benefit pension plans was 119 per cent as of Dec. 31, 2023, up two per cent from…

  • By: Staff
  • March 6, 2024 March 5, 2024
  • 09:00

75% of global employers struggling to find skilled talent: survey

Three-quarters (75 per cent) of global employers say they’re struggling to find talent with the skills they need, according to a new survey by ManpowerGroup.…

  • By: Staff
  • March 5, 2024 March 5, 2024
  • 15:00
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Expert panel: How DC plan members can hedge longevity risk for more effective decumulation

Retiring baby boomers are in an era of decumulation anxiety, as they convert their pension assets into income that they fear won’t hold up over…

Canada’s DB pension plans post 5% return in Q4, close 2020 with 10% gain

Pension funds end Q4 2023 with positive results driven by equities, fixed income: report

Stocks and bonds helped pension funds find positive results in the fourth quarter of 2023, according to the performance universe of pension managers’ pooled funds…

  • By: Staff
  • March 5, 2024 March 4, 2024
  • 09:00

CAAT appointing VPs of plan member, employer experience

The Colleges of Applied Arts and Technology’s pension plan is appointing Sonny Khindria (pictured right) as vice-president of member experience and Troy Whetstone (pictured left) as…

  • By: Staff
  • March 4, 2024 March 4, 2024
  • 15:00
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A closer look at preferred pharmacy networks

While preferred pharmacy networks have been around for nearly a decade, most benefits plan members aren’t aware that these arrangements have become standard, says Suzanne Lepage, a private…

Workers with disabilities face lack of support from employers, colleagues: survey

More than half (54 per cent) of workers with disabilities don’t feel enabled by their employer to “reach their full potential in the workplace,” according…

  • By: Staff
  • March 4, 2024 March 3, 2024
  • 09:00

Should employees get paid for an extra day of work in a leap year?

This leap year, some financial experts say they’re seeing an unexpected trend: employees asking if they get paid for working on Feb. 29. Every four…

52% of workers say receiving an annual bonus makes them feel appreciated at work: survey

More than half (52 per cent) of workers say receiving an annual bonus makes them feel appreciated at work, according to a new survey by Robert…

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

An article detailing Ford of Canada’s transfer of $923 million in pension plan liabilities through a group annuity buyout was the most-read story on BenefitsCanada.com. Here…

  • By: Staff
  • March 1, 2024 February 29, 2024
  • 09:00

55% of Americans worry they won’t have financial security in retirement: survey

More than half (55 per cent) of Americans say they’re worried they won’t achieve financial security in retirement, according to a new survey by the…

  • By: Staff
  • March 1, 2024 February 29, 2024
  • 09:00
Caisse, CPPIB, Ontario Teachers’ invest in insurance company

Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator

The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider…

  • By: Staff
  • February 29, 2024 February 29, 2024
  • 15:00

Liberals table bill paving way for future pharmacare program a day before deadline

Health Minister Mark Holland tabled a long-awaited bill Thursday meant to pave the way for national pharmacare and preserve a deal that secures the New…

20% of global board positions filled by people from underrepresented groups, ethnicities: report

In 2023, a fifth (20 per cent) of board positions across the globe were filled by individuals that belong to historically underrepresented groups or ethnicities,…

  • By: Staff
  • February 29, 2024 February 28, 2024
  • 09:00
Ontario DB pension solvency up again in third quarter: FSRA

OMERS returns 4.6% for 2023, driven by equities, fixed income

The Ontario Municipal Employees’ Retirement System returned 4.6 per cent in 2023, or $5.6 billion, in investment income in 2023, according to its latest year-end…

  • By: Staff
  • February 29, 2024 February 28, 2024
  • 09:00

Sounding Board: How pension IT risk management guidance will impact plan sponsors

Information technology risk has become a more prevalent concern in recent years, so it comes as no surprise that Canadian pension regulators are focused on…

OSFI launching consultation on climate change risks to pensions, financial institutions

Pension funds improving modestly on climate but more work to be done: report

Canada’s largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, according to a new report by a…

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71% of Canadian workers say rising cost of living is increasing faster than their income: survey

Nearly three-quarters (71 per cent) of Canadian workers say their rising cost of living is increasing faster than their income, according to a survey by…

  • By: Staff
  • February 28, 2024 February 26, 2024
  • 09:00

1Password bringing employees together to explore impact of Black artists, culture for Black History Month

This Black History Month, 1Password is bringing employees together to share how diverse artists have had a profound impact on their exploration and appreciation of…