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

An article on Eastman Kodak Co.’s plans to outsource management of its pension assets was the most-read story on BenefitsCanada.com. Here are the top five…

  • By: Staff
  • March 8, 2024 March 7, 2024
  • 09:00
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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…

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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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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
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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…

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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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

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…

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UPP keeping plan members engaged, informed with new web portal

The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our…

CAAT making key appointments on management team

The Colleges of Applied Arts and Technology pension plan is promoting Sabeen Purewall (pictured left) to vice-president of solutions and partnerships and Graham Stone (pictured…

  • By: Staff
  • February 23, 2024 February 23, 2024
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how the Ontario Municipal Employees Retirement System has contributed to the province’s gross domestic product was the most-read story on BenefitsCanada.com this…

  • By: Staff
  • February 23, 2024 February 22, 2024
  • 09:00
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Ford Canada transferring $923 million in pension liabilities via group annuity buyout

Ford of Canada is is transferring the longevity risk for $923 million in pension plan liabilities through a group annuity buyout. RBC Insurance, Sun Life Assurance…

  • By: Staff
  • February 22, 2024 February 21, 2024
  • 09:00

More than £50 billion in U.K. pension benefits at risk of being lost, misplaced: study

More than £50 billion in U.K. pension benefits were at risk of being misplaced in abandoned accounts or scattered across multiple lost pots in 2023,…

  • By: Staff
  • March 25, 2024 March 25, 2024
  • 15:00

Employees of Canadian energy companies joining CAAT’s DBplus pension plan

Employees of Candu Energy Inc., Canadian Nuclear Laboratories and Global First Power are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Unionized…

  • By: Staff
  • March 21, 2024 March 21, 2024
  • 15:00

Clear, flexible regulations needed for target-benefit plans: report

Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from…

  • By: Staff
  • March 19, 2024 March 18, 2024
  • 09:00

Ontario continues work on infrastructure bank, target-benefit pension plan framework

In its 2024 budget on Tuesday, the Ontario government reiterated its support for a provincial infrastructure bank to leverage public sector pension investments. The bank,…

  • By: Staff
  • March 27, 2024 March 27, 2024
  • 15:00

Group annuity market growing as DB pension plans move to de-risk

Ford of Canada’s recent transfer of $923 million in pension liabilities to Desjardins Group, RBC Insurance and Sun Life Assurance Co. of Canada augurs well…

FSRA names Andrew Fung EVP of pensions

The Financial Services Regulatory Authority of Ontario is appointing Andrew Fung as executive vice-president of pensions, effective March 11, 2024. Fung first joined the Financial…

  • By: Staff
  • March 20, 2024 March 20, 2024
  • 15:00

OPB working with employers to receive salary information of employees impacted by Bill 124

The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by the…

  • By: Staff
  • March 12, 2024 March 13, 2024
  • 15:00

OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to…

  • By: Blake Wolfe
  • February 15, 2024 February 14, 2024
  • 09:00

FSRA’s Pension Awareness Day helping engage, educate employees on benefits of workplace pension plans

For its second annual Pension Awareness Day on Feb. 15, the Financial Services Regulatory Authority of Ontario is holding information sessions for its employees to…

How Ontario pay transparency legislation will impact employers

As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…

Desjardins using budget workshops, interactive game to support employee financial wellness

Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The…

  • By: Sadie Janes
  • November 24, 2023 November 23, 2023
  • 09:00

2023 Healthy Outcomes Conference: A closer look at the mental, physical, financial risk factors facing plan members

Many plan members are experiencing risk factors related to poor mental, physical and financial well-being, but often don’t know they can turn to their benefits…