Five of Canada’s largest pension funds earned high marks for their public reporting efforts, according to a new report from Top1000funds.com and CEM Benchmarking Inc. It ranked pension funds on their costs, governance, performance and responsible investment efforts. Canada’s pension system received an average overall score of 92 out of 100, a one-point increase from […]
An article on the legal considerations for employers when terminating remote workers was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What employers need to know when terminating employees in remote-working arrangements 2. Employers can support caregivers with […]
The Pension Investment Association of Canada is urging the Canadian Securities Administrators to resume work on a climate-related disclosure mandate that could impact decision-making at Canadian institutional investors. In an open letter to the CSA, the PIAC said the adoption of standardized disclosures and reporting supports Canadian pension plan sponsors by optimizing investment and human […]
A special report from the United Nations calling out investment decisions by the Caisse de dépôt et placement du Québec doesn’t recognize fiduciary obligations in the pension fund system, says Level Chan, a partner at Stewart McKelvey. “It’s with that particular lens that pension funds have to invest. . . . It probably would be […]
Increased investment volatility could trigger additional questions on the decisions of Canadian pension funds as governance reviews come into focus, says Level Chan, a partner in the pensions practice at Stewart McKelvey. “Where there’s greater volatility, we could expect that triggering more questions about how pension plans are weathering the storm.” When responding to additional […]
An article about the National Institute on Ageing’s report on missing pension plan members was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. NIA addressing issue of missing pension plan members with new report 2. 88% of employees with disabilities, neurodivergence […]
Amendments to the federal Pension Benefits Standards Act must go beyond reporting transparency and clarify how additional disclosure requirements help monitor the health of Canadian pension plans, said the Pension Investment Association of Canada. In an open letter to Finance Canada, the PIAC said if current data collection processes for federally regulated plans aren’t achieving […]
The majority (88 per cent) of employees with a disability or who are neurodivergent have chosen to disclose their condition to at least one person at work, according to a new survey by Deloitte Global. The survey, which polled 10,000 employees with disabilities, chronic health conditions or neurodivergence across 20 countries, found 78 per cent […]
In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former Bank of Canada governor Stephen Poloz is being tasked to lead an organization that will identify priority investment opportunities in the country for the more than $3 trillion held by […]
A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the economy, says Malcolm Hamilton, a senior fellow at the C.D. Howe Institute. “I think it’s very natural for Canadian businesses . . . [that] focus on the Canadian economy, not […]