Latest news in Governance/legislation

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Institutional investors demand corporate action on climate change, just transition for Indigenous peoples

A number of Canadian institutional investors are urging corporations to begin addressing climate change risks and opportunities in order to receive their investment dollars. Some…

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Canada’s public pension system places 12th in ranking of 43 countries: report

Canada ranks 12th out of 43 countries for its pension system, according to a new report by Mercer and the CFA Institute. The countries in…

  • By: Staff
  • October 21, 2021 October 21, 2021
  • 12:00
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Italy’s public pension system favours early retirees: report

The decision to favour contributors to Italy’s defined benefit pension plan during its transition to a defined contribution model favours early retirees and disadvantages younger…

  • By: Staff
  • October 21, 2021 October 21, 2021
  • 11:00

AIMCo won’t divest from hydrocarbons, says CEO

In his first public statement on Alberta Investment Management Corp.’s investment strategy, the organization’s new chief executive officer says the AIMCo won’t have a policy…

  • By: Staff
  • October 19, 2021 October 19, 2021
  • 13:00

U.S. proposing ESG investing rules for plan sponsor fiduciaries

The U.S. Department of Labor is proposing new rules that would give pension plan fiduciaries the ability to make investment decisions based on environmental, social…

  • By: Staff
  • October 19, 2021 October 21, 2021
  • 11:00

Collective DC pension plan designs offer benefits to sponsors, members: report

Collective defined contribution pension plans could begin to replace DC plans, just as DC plans have replaced the majority of defined benefit plans in recent…

  • By: Staff
  • October 8, 2021 October 8, 2021
  • 09:00
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Sino-Canadian relations face a slow recovery, but China remains warm to investors: expert

While the return of two Canadians imprisoned in China since 2018 may lead the Canadian government to rethink its relationship with the world’s most populous…

Top 5 HR, benefits and pension stories of the week

Canada’s first National Day for Truth and Reconciliation was front of mind this week, with Benefits Canada‘s look at how employers can mark the inaugural…

  • By: Staff
  • October 1, 2021 September 30, 2021
  • 09:00
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Pensions for ousted and retired MPs could cost taxpayers $42M

The 17 pension-qualified members of parliament who stood down or were ousted during last week’s federal election will receive $1.4 million per year in payments,…

  • By: Staff
  • September 29, 2021 September 28, 2021
  • 15:00

Solvency reserve accounts missing from Manitoba’s new pension amendments

Although Manitoba’s Pension Amendments Act takes effect on Oct. 1, pension plan sponsors are disappointed that the provisions allowing them to use reserve accounts to…

New paper calls for linking DB pension solvency minimums to plan member age

A new white paper published by the Canadian Institute of Actuaries is proposing new rules during defined benefit plan windups, requiring higher solvency ratios for members…

Top 5 HR, pension and benefits stories of the week

The federal election is top of mind for many these days, so it’s no surprise Benefits Canada‘s most-read story over the past seven days was…

  • By: Staff
  • September 24, 2021 September 24, 2021
  • 09:00

Liberals unlikely to pursue super-priority for pension plan members: expert

While a re-elected Liberal government may introduce some measures to protect private pension plan members, it’s unlikely to pursue super-priority similar to what was proposed…

  • By: Blake Wolfe
  • September 24, 2021 September 28, 2021
  • 09:00

ACPM calling on OSFI to address funding asymmetry in DB pension regulation

The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to address funding asymmetry in its approach to…

  • By: Staff
  • September 21, 2021 September 21, 2021
  • 09:00

How will federal election platforms impact HR, benefits and pensions?

As Canadians head to the polls today, Benefits Canada takes a look at how the federal parties’ campaign promises could impact the human resources, benefits…

  • By: Staff
  • September 20, 2021 September 17, 2021
  • 09:00

Women in Canada’s benefits, pension industries discuss gender equity, reversing pandemic-fueled ‘she-cession’

Early in Shannan Corey’s pension career, many of the boards she worked with were dominated by men over the age of 50. Corey, now executive…

UPP building on jointly governed pension model with a pandemic launch

When the University Pension Plan officially launched in July 2021, it did so with Barbara Zvan as its inaugural president and chief executive officer. Fresh…

How Poland’s new DC program was designed using behavioural science

Like many other countries around the world, Poland’s aging population is increasingly highlighting the topic of retirement savings. “Each year, the number of pensioners increase…

  • By: Blake Wolfe
  • September 17, 2021 September 16, 2021
  • 08:53
Institutional investors agree profits can’t be top concern for companies: survey

Ontario Teachers’ abstains from vote to re-elect female board member

To push for greater female representation on a corporate board, the Ontario Teachers’ Pension Plan withheld its support for the re-election of a female board…

DC pension members prioritizing remuneration, ESG resolutions: survey

Governance-related resolutions are receiving more overall votes from defined contribution pension plan members, but environmental issues are more engaging on a vote-per-measure basis, according to…

  • By: Staff
  • September 14, 2021 September 14, 2021
  • 12:00
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AIMCo, Alberta Teachers’ investment agreement aligning interests of both organizations

The Alberta Teachers’ Retirement Fund said its new agreement with the Alberta Investment Management Corp. is aligning the best interests of both organizations, following several…

  • By: Staff
  • September 14, 2021 September 14, 2021
  • 12:00
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Liberals promising to protect employers mandating coronavirus vaccines

Amid the ongoing federal election campaign, the Liberal Party is promising to table legislation that would allow employers to request proof of a coronavirus vaccination…

  • By: Staff
  • September 9, 2021 September 9, 2021
  • 15:00
Alberta Teachers’ Association set to legally challenge pension order

AIMCo, Alberta Teachers’ sign investment management agreement

The Alberta Investment Management Corp. has reached an investment management agreement with the Alberta Teachers’ Retirement Fund Board following a protracted period of negotiation. The…

  • By: Staff
  • September 9, 2021 September 9, 2021
  • 09:30

Chicago police pension fund accused of mismanaging funds by outside auditor

A report from the Chicago Police Department Pension Board Accountability Group is accusing the management of the Policemen’s Annuity and Benefit Fund of Chicago of…

  • By: Staff
  • September 7, 2021 September 7, 2021
  • 13:00

Phishing and ransomware risks on the rise for pension funds, says expert

Phishing and ransomware attacks are among the top threats to pension plan sponsors and institutional investors by cyber criminals, according to Jennifer Williams, director of…