The Ontario Teachers’ Pension Plan built up its holdings in American financial services stocks and sold some shares of Canadian banks in the second quarter, according to the latest 13F filing with the Securities and Exchange Commission.
High school isn’t the only place where cliques can be found. They’re also at the office.
Illinois Governor Patrick Quinn has taken the unusual step of suspending pay for its representatives and senators until they can agree on how to eliminate the state’s nearly US$100 billion pension deficit.
Many DB plans around the world, including Canada, are in bad shape, according to a study.
The past few years for the pension industry have been difficult, to put it mildly. But for the Top 100 pension plans, things are starting to look up. Pension assets have cracked the $800-billion mark for the first time ever and are closing in on $900 billion. Assets climbed nearly 10%, with a number of plans reporting double-digit increases. And there was just one plan that reported a decline in assets, compared with 26 in 2011.
Pension plans have had a trying time over the last few years. Stocks have taken investors for a ride, and a low interest rate environment is the new normal. Following is a review of the themes and issues we’ve covered since 2008 in this web-exclusive article.
Numerous finance-related mobile apps exist, but we found a few that could be useful for both yourself and your plan members.
Poor decisions by plan members lead to drug plan waste and can cost plan sponsors more than $5 billion every year, according to a report.
Now that cold and flu season has wound down, it’s important for employers to prepare for the upcoming season, including a possible pandemic.
Canadian money managers have had a lot to deal with over the past five years, such as the global financial crisis and recessions in most of the developed world. In this online-only story, we look back at the themes we covered from 2008 and on.