Investment fees led the agenda at the Joint Forum of Financial Market Regulators’ annual meeting last week. This year, the forum engaged externally on investment fees,…
Two executives at the Pennsylvania-based Public School Employees Retirement System have survived an effort by trustees to oust them from their positions due to investment…
The funded position for an average Canadian defined benefit pension plan improved slightly during May, with a solvency of 108.2 per cent, according to a…
Canada’s bankruptcy laws should be changed to avoid future financial hardship for members of other underfunded pension plans, said a court-appointed representative for Sears Canada…
British Airways is appointing Blackrock Inc. as outsourced chief investment officer for its two defined benefit pension plans. While many U.K.-based pensions have adopted an…
Over the past several months, much attention has been paid to the coronavirus pandemic’s impact on financial markets and, subsequently, defined benefit pension plans’ financial conditions…
The Association of Canadian Pension Management is urging parliamentarians to vote down the final version of a new bankruptcy and insolvency bill. If passed, Bill…
The Financial Services Regulatory Authority of Ontario has unveiled its priorities for the next three years, including plans to reshape its supervisory role for the…
The federal government is extending its relief to registered pension plans and deferred salary leave plans by one year to help employers manage and maintain…
The Universities Academic Pension Plan is withdrawing control of its $2.7-billlion public equities portfolio from the Alberta Investment Management Corp. The withdrawal comes following ongoing…
Two experts weigh in on the merits and drawbacks of taking the traditional annuities route versus opting for the newer do-it-yourself option. Marco Dickner, retirement…
While solvency funding relief helped Canada’s pension funds withstand the turbulence of 2020, a long-term vision with an eye to a more robust funding framework…
A defined benefit pension plan leader rarely gets to work with a “blank canvas,” but Chuck Bruce has taken that unique opportunity and drawn a…
At the end of March 2020, Newfoundland and Labrador had $4.89 billion in unfunded pension liabilities, including unfunded liability and promissory notes, according to a…
The Association of Canadian Pension Management is calling for increased clarity regarding Ontario’s rules for the valuation and division of pension payments following a marriage…
Employees at two Canadian pension plans are being recognized for their responsible investment achievements. The British High Commission and the Canada Climate Law Initiative named…
More than 470 employees at a Nestlé Canada plant in Toronto are on strike after Unifor Local 252 and the company failed to reach an…
The Canadian National Railway Co. is amending its pension policy after awarding benefits to a widower who was initially denied because of an outdated rule…
Canadian employers are making ongoing changes to their pension and benefits offerings as the coronavirus pandemic drags on, according to a new survey by the…
The University of Toronto Asset Management Corp. ended 2020 with pension and endowment returns of 11.7 per cent and 11.6 per cent, respectively. In a…
The Nova Scotia Teachers’ Pension Plan returned 6.78 per cent in 2020, increasing net assets to $5.519 billion, but falling short of the policy benchmark…
The majority (72 per cent) of Canadian pension funds said they’re currently focused on consolidation options that offer greater certainty they’ll be able to meet…
The Conference Board of Canada’s 150 group plan members are joining the College of Applied Arts and Technology’s defined benefit pension plan. Effective June 1,…
The Colleges of Applied Arts and Technology Pension Plan is reporting an 11.1 per cent return for 2020, exceeding its policy benchmark by 0.4 per…
The Canadian Federation of Pensioners is calling for amendments to federal insolvency laws to protect members of defined benefit pensions if the employer is insolvent.…