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FSRA introducing whistleblower program to identify misconduct in pensions, financial services sectors

The Financial Services Regulatory Authority of Ontario is introducing a whistleblower program to more effectively identify misconduct in the pensions and non-securities financial services sectors. The program will apply to any individual or entity who comes forward in good faith with valuable, timely and non-public/insider information related to an alleged or intended contravention in any […]

  • May 5, 2022 May 4, 2022
  • 09:00

In-office working creates meaningful experiences for employees: report

Employers that provides employees with the choice of where to work are the ones that will thrive in the post-pandemic world, according to a new report by Cushman & Wakefield. The report, which is based on the global commercial real estate firm’s analysis of industry leasing data and surveys it has conducted since the onset […]

  • May 4, 2022 May 3, 2022
  • 15:00

A fifth of U.S. workers tapping into retirement savings as financial stress rises: survey

While 84 per cent of U.S. employees believe their employer should be responsible for their financial well-being, only 55 per cent feel their company is concerned about their financial wellness, according to a new survey by SoFi at Work and Workplace Intelligence. The survey, which polled 800 full-time employees and 800 human resources leaders, found three-quarters (75 […]

  • April 4, 2022 April 4, 2022
  • 15:00

RRSP contributions up 13% between 2019 and 2020, finds Stats Can

In 2020, more than 6.2 million Canadians put aside a total of $50.1 billion for their retirement by making contributions to their registered retirement savings plan, according to new data from Statistics Canada. Compared with a year earlier, contributions increased 13 per cent in 2020, while the number of contributors increased 4.9 per cent. In current dollars, the median RRSP contribution […]

  • April 4, 2022 April 4, 2022
  • 09:00

Lyft allowing office workers to choose where to live and work

Ride-share company Lyft Inc. is introducing a flexible working strategy. In a blog post, Kristin Sverchek, the organization’s president of business affairs, said almost all new and existing employees will have the choice of where to live and where to work. “Lyft employees can work from the office, at home or any combination of the two. […]

  • March 17, 2022 March 16, 2022
  • 15:00

B.C. Municipal Pension Plan’s employee life and health trust joining BCI

The British Columbia Municipal Pension Plan’s new Municipal Retiree Benefit Trust is joining the B.C. Investment Management Corp. The MRBT, which has $100 million in assets under management, is an employee life and health trust that provides group benefits to the MPP’s retirees and their spouses/dependants. It was recently created following a program review and redesign. […]

  • March 14, 2022 March 10, 2022
  • 09:00

ArcelorMittal collective agreements’ renewal improves DB pension, work-life balance

ArcelorMittal Long Products Canada is renewing three collective agreements with its employees, including improvements to the defined benefit pension plan, disability benefits and life insurance. The new six-year agreements were ratified by 800 unionized employees. For the DB plan, the agreements include a total $9 increase in the monthly pension credit, so at the end […]

  • March 2, 2022 March 1, 2022
  • 09:00

N.S. Pension Services Corp. acquires industrial property, Ontario Teachers’ invests in mining company

The Nova Scotia Pension Services Corp. is acquiring an industrial property for a Quebec electric vehicle design company. The 8.42 hectare facility, located in Chicago, will be redesigned in order to serve as a new production facility for Lion Electric Co. The Montreal-based electric vehicle designer and manufacturer, which produces electric vehicles for mass transit systems, is […]

  • March 1, 2022 February 28, 2022
  • 09:00

Danish pension announces sanctions against Russia

A Danish defined benefit pension fund is ceasing its investments in Russian assets following recent developments in the ongoing crisis between the world’s largest nation and Ukraine. On Monday, Russian President Vladimir Putin announced his government would recognize the independence of two territories in eastern Ukraine: Donetsk and Luhansk. In response, the AkademikerPension, a US$23 […]

  • February 22, 2022 February 22, 2022
  • 11:30

Employer-provided dental benefits rates aligned with income level: report

Lower-income workers across Ontario have lower rates of employer-provided dental insurance, according to a new report by the Toronto Foundation. In addition, the community foundation found the problem is more pronounced in Toronto. For example, 53 per cent of employees earning under $20,000 annually have workplace dental insurance in the rest of Ontario, while the same […]

  • February 14, 2022 February 11, 2022
  • 09:00