Canadian defined benefit pension plan sponsors have an average per-member administration cost of US$165, according to a new report by CEM Benchmarking Inc. The report, which analyzed 80 global DB plans, found the average per-member administration cost was $164 in the Netherlands, but was $105 in the U.S. and $71 in the U.K. It noted […]
Brazil ‘s federal police said they’re investigating a scheme that diverted more than R$6 billion, equivalent to US$1.05 billion, from pensions paid by the National Social Security Institute. The probe targets 11 organizations that operated between 2019 and 2024, authorities told reporters. The scheme had retirees listed as members of associations that collected part of […]
The U.S. Supreme Court has unanimously decided in favour of former Cornell University employees who accused the university of violating the Employee Retirement Income Security Act in its handling of fees related to its 403(b) retirement plans. According to the lawsuit, which was originally filed in 2016, former employees who were enrolled in two of […]