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Editorial: The DC industry should refocus its efforts

Earlier this year, Benefits Canada hosted its annual DC Plan Summit. As part of the agenda, Ole Settergren from the Swedish Pension Agency talked about that country’s pension system and what Canada can learn from it.

CIBC Mellon receives award

CIBC Mellon has been named the best sub-custodian in Canada in Global Finance magazine's annual ranking of the World's Best Sub-Custodian Banks for the ninth year in a row.

  • By: Staff
  • May 20, 2015 September 13, 2019
  • 11:14
What plan members need to know about out-of-country coverage

Many Canadians travel abroad for vacation, but what about for health reasons?

  • May 19, 2015 September 13, 2019
  • 12:09
Judges decide fate of remaining Nortel assets

The scraps of bankrupt Nortel Networks, once considered the powerhouse of Canada's tech sector, will be split between the various subsidiaries it once operated around the world, according to decisions released Tuesday.

Manulife Q1 earnings fall

Manulife has reported net income of $723 million in the first quarter of 2015, compared with $818 million in the year-ago quarter.

  • By: Staff
  • May 7, 2015 September 13, 2019
  • 12:22
Sun Life reports higher Q1 results

Sun Life Financial, citing "solid contributions from all four pillars'' of its business, has reported first-quarter earnings that easily beat estimates and announced a 6% increase in its dividend.

Manulife eyes big savings with cubicle-cutting office renos

Manulife is adopting a cost-cutting strategy other big corporations have used to great effect, reports Bloomberg.

  • By: Staff
  • April 16, 2015 September 13, 2019
  • 11:15
BNY Mellon to pay £126-million penalty

The United Kingdom's Financial Conduct Authority (FCA) has fined The Bank of New York Mellon London branch and The Bank of New York Mellon International Limited £126 million $231.7 million for failure to comply with custody rules.

  • By: Staff
  • April 15, 2015 September 13, 2019
  • 10:35
BNY Mellon settles forex lawsuits for US$714 million

Bank of New York Mellon has agreed to pay US$714 million to resolve substantially all of the foreign exchange-related actions currently pending against the company.

  • By: Staff
  • March 20, 2015 September 13, 2019
  • 10:49
Case study: How BMO boosts its staff’s financial literacy

When the Task Force on Financial Literacy released its recommendations a few years ago on how to make Canadians better understand financial concepts, this prompted BMO Financial Group to launch an internal financial literacy program. Although the company is a bank, about 40% of its employees aren’t in customer-facing roles—they’re in other departments such as HR, marketing and legal.