Home Pensions

Top Stories in Pensions

Copyright_Mikhail Tsikhanovich_123RF

New Brunswick amending pension legislation to allow for reserve accounts, annuity buyouts

New Brunswick is amending its Pension Benefits Act to allow for enhanced communications with plan members, exempt compulsory membership for religious beliefs and allow for reserve…

Copyright_taaee_123RF

Alcoa entering $1BN annuity transfer for U.S. DB pensions

Alcoa Corp. is de-risking roughly US$1 billion in U.S. defined benefit pension obligations and assets with an annuity transfer. The group annuity contracts will be…

  • By: Staff
  • August 8, 2022 August 8, 2022
  • 15:00
Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

WestJet, Unifor agreement includes retirement gains, sick days

The union representing nearly 800 employees at Calgary and Vancouver airports has ratified a first contract that includes retirement and benefits gains. The contract cements…

Ayman Alvi promoted to VP, global pension and benefits at Scotiabank

Scotiabank has promoted Ayman Alvi to vice-president of global pension and benefits. Alvi joined the bank in 2019 as director of global benefits. Previously, he…

  • By: Staff
  • August 5, 2022 August 4, 2022
  • 09:00
Copyright_ilixe48_123RF

Top 5 HR, benefits and pension stories of the week

An article on a ruling against the Blue Cross Life Insurance Co. of Canada and how it could affect long-term disability premiums was the most-read…

  • By: Staff
  • August 5, 2022 August 5, 2022
  • 09:00

Sun Life selling U.K. pension and annuities business

Sun Life Financial Inc. is selling its U.K. pension and annuities business. The company has entered an agreement to sell SLF of Canada U.K. Ltd.…

  • By: Staff
  • August 5, 2022 August 5, 2022
  • 09:00

PIAC providing feedback on ISSB’s sustainability, climate change exposure drafts

The Pension Investment Association of Canada is providing feedback on the International Sustainability Standard Board’s exposure drafts on disclosure of financial information pertaining to sustainability…

  • By: Staff
  • August 4, 2022 August 3, 2022
  • 09:00

Banks failing to provide vital climate insights: institutional investor group

Banks must provide institutional investors with more information on climate strategies, according to the head of an organization of European pension funds and asset managers…

  • By: Staff
  • August 2, 2022 July 31, 2022
  • 12:00
Copyright_alekstaurus_123RF

Canadian pension funds receive top scores in transparency benchmark

The Canada Pension Plan Investment Board is the world’s most transparent pension fund, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and…

  • By: Staff
  • August 2, 2022 August 2, 2022
  • 11:00
Copyright_jakkapan_123RF

Brown and Caldwell leveraging employee ownership model with 5% raise amid inflation, tight labour market

Brown and Caldwell is recognizing employees’ hard work and resilience over the last two years with a company-wide salary increase. In July, the engineering consultancy…

Copyright_wolterk_123RF

Trader Joe’s employees form union, citing concerns about health benefits, pay

On Thursday, employees at a Trader Joe’s supermarket in Massachusetts became the latest workers at a major company to approve a labour union. The store…

Top 5 HR, benefits and pension stories of the week

An article on Public Health Sudbury’s violation of the Ontario Human Rights Code following an employee’s termination over a vaccine refusal was the most-read story…

  • By: Staff
  • July 29, 2022 July 29, 2022
  • 09:00
Copyright_vladone_123RF

Rejected by courts, U.S. retirees take last shot to save pensions

Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent roughly 30 years as a salaried maintenance…

81% of U.S. employees concerned about retirement readiness amid inflation: survey

Eight in 10 (81 per cent) U.S. employees with an employer-sponsored retirement savings plan say they’re concerned about inflation impacting their retirement, according to a…

  • By: Staff
  • July 27, 2022 July 26, 2022
  • 09:00

More than 6.6M Canadians participating in employer-sponsored pension plans: StatsCan

The percentage of Canadians participating in an employer-sponsored pension plan continues to rise, with roughly 6.6 million plan members in 2020, up 57,000 from 2019,…

  • By: Staff
  • July 20, 2022 July 21, 2022
  • 09:00

2022 Pension Leadership Awards opens for entries

The Canadian Investment Review is now accepting nominations for the 2022 Pension Leadership Awards. The third annual Pension Leadership Awards will celebrate the organizations and individuals…

  • By: Staff
  • July 12, 2022 July 12, 2022
  • 12:00

U.K. government proposing rules requiring DB pensions to share investment strategies

The U.K. government is proposing new rules requiring defined benefit pension plan sponsors to provide regulators with a summary of their investment strategies. Under the proposed…

  • By: Staff
  • July 28, 2022 July 28, 2022
  • 11:00

OAS increase an opportunity for employees to consider delaying retirement: expert

While old-age security has permanently increased by 10 per cent for seniors aged 75 and older, employees can maximize this benefit, along with their Canada…

ACPM cautions OSFI against one-size-fits-all approach to risk management

The Association of Canadian Pension Management is cautioning the Office of the Superintendent of Financial Institutions on a one-size-fits-all approach to risk management across the…

  • By: Staff
  • July 21, 2022 July 20, 2022
  • 09:00

IMCO unveils ESG strategy, discloses portfolio emissions

The Investment Management Corp. of Ontario is publishing its inaugural environmental, social and governance report, which includes an outline of its four-pronged ESG integration strategy.…

  • By: Staff
  • July 5, 2022 July 5, 2022
  • 12:00

Nova Scotia’s PSSP returns 5.56% for fiscal year

The Nova Scotia Public Service Superannuation Plan generated net returns of 5.56 per cent during its latest fiscal year, which ended on March 31, 2022.…

2022 Top 100 Pension Funds Report: Pension plan sponsors incorporating DEI into plan philosophy, design and communications

Diversity, equity and inclusion initiatives aren’t a new concept for employers — just ask any human resources professional. However, in a changing world marked by…

81% of employees factoring hybrid work into job search: survey

Eight in 10 (81 per cent) white-collar workers cite hybrid work as a top factor when looking for a new job, ranked alongside higher pension…

  • By: Staff
  • June 16, 2022 June 16, 2022
  • 15:00

2021 Pension Leadership Awards winners announced

The Canadian Investment Review is proud to announce the winners of the second annual Pension Leadership Awards. The winners are: Chief Investment Officer of the Year James…

  • By: Staff
  • May 5, 2022 June 3, 2022
  • 13:30

Ontario casinos, Unifor reach deals with improved pensions, benefits

The union representing workers at three Ontario casinos has ratified a series of collective agreements that will provide improved pensions and health benefits for employees.…

  • By: Staff
  • April 27, 2022 April 26, 2022
  • 09:00