The Healthcare of Ontario Pension Plan posted a 10.88 per cent return for 2017, up very slightly on its 10.4 per cent return in 2016 and exceeding its portfolio benchmark by 2.99 per cent or $2 billion. According to the pension fund’s annual results, it also maintained its funded status at 122 per cent, its investment […]
While the government didn’t denote any dollar amount to support its efforts to promote gender pay equity, the 2018 federal budget did state that legislation would be forthcoming to improve the situations for women in Canada who work in federally regulated workplaces. The budget, announced Tuesday, illustrated the gender wage gap in two ways: in terms of yearly median […]
Referring to Sears Canada Inc.’s recent pension issues, the government announced in its 2018 budget it would seek feedback from pensioners, employees and companies in the coming months to determine options to better address retirement security for Canadians. “All Canadians deserve more peace of mind when it comes to their retirement and companies must act in good faith towards […]
The Laborers’ International Union of North America pension plan is suing a number of financial institutions for allegedly conspiring to fix prices within the foreign exchange market. The class action lawsuit alleges the defendants participated in manipulating the price of currency purchased in the foreign exchange market from at least as early as 2003 until 2013, according to a […]
Advisors are making it clear they want to be a part of the conversation as the Canadian Life and Health Insurance Association develops its new compensation disclosure guideline. “That is an important reason for why we took the immediate step of pushing back the implementation starting date to Jan. 1, 2019, so as to allow for sufficient […]
At H&M, before office employees get to their desks, they need to learn about the company from behind the cash register. In fact, some new employees actually train to be able to work in five distinct positions within the retail stores. “We really wanted to ensure all employees that we hire, especially for our support office, […]
Canada and the world enjoyed a particularly strong economic performance last year. In Canada, the unemployment rate fell to just 5.7 per cent at the end of December, while the World Bank estimates the global economy grew by three per cent last year. So with those positive results in mind, what should institutional investors keep […]
On Monday, after a grim day the Friday before, the Dow Jones industrial average dribbled downwards throughout the day to finally plummet more than 1,500 points about an hour before the closing bell. During the following hour, it bounced back up several hundred points only to split the difference by markets’ close, falling by 1,175.21 points […]
Before making changes to a benefits plan or building one from scratch, plan sponsors should first determine what problems they’re trying to solve, according to a human resources consultant. The reasons for implementing changes can vary, but moving forward without a clear motivation can cause problems, said Phyllis Retty, owner and human resources consultant at Lift HR Consulting, during […]
More than half (57 per cent) of Canadian employees and managers are currently suffering from a mental-health problem or sleeping disorder, or have done so in the past, according to new research by Morneau Shepell Ltd. However, 27 per cent of employees and 32 per cent of managers surveyed said they’re able to go through their daily work […]