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 […]
If the federal government scraps its rule restricting Canadian pension funds from holding more than 30 per cent of the voting shares of investee corporations, pension plan sponsors and other investment organizations could increase their holdings in high-performing assets, have greater oversight and accountability of their assets and see a decrease in fees for private equity, according […]
In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than 30 per cent of the voting shares of most corporations. The move is part of an effort “to create an environment that encourages and identifies more opportunities for investments in […]
Considering women account for just over half of the population, Andrew MacDougall understands why — taken in isolation — the state of female representation at the top level of Canada’s public companies can seem a little underwhelming. According to the most recent round of disclosures, around 34 per cent of seats on the boards of […]
New York City comptroller Brad Lander and three of the city’s pension funds are offering shareholder proposals calling on several banks — including the Royal Bank of Canada — to disclose absolute greenhouse gas emissions targets for 2030. The shareholder proposals, which request a report within one year, call for an absolute reduction target aligned […]