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NL Supreme Court rules for pension member super-priority for normal costs in bankruptcies

NL Supreme Court rules for pension member super-priority for normal costs in bankruptcies
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PIAC warns of unintended consequences of pension super-priority bill

There could be “unintended consequences” if a bill conferring preferred creditor status to defined benefit pension plan members during bankruptcies passes through Canada’s House of Commons, according to an open letter from the Pension Investment Association of Canada. In an open letter, to Michael MacPherson, clerk of the standing committee on industry, science and technology, from Natasha Trainor, […]

Pension plan committees applying virtual-meeting lessons to second year of pandemic

DON’T Stray too far from the agenda “The key to connecting online is getting used to the Hollywood Squares style. When you’re speaking to nine screens at once, you can’t get the same kind of eye contact or body language,” he says. But virtual meetings aren’t all bad, according to Woo, who suggests that our glasses are becoming more rose-tinted the longer we go without face- to-face meetings. For example, he says the long-haul flights and exhausting inter-city car rides that are required to get the members of many pension committees together in one room can take their toll on participants, not to mention the sponsor’s balance sheet and the environment.

Lauren Bailey | Benefits Canada com

Many white-collar employees were forced to work from home when a global coronavirus pandemic was declared last March, but now, with an eye toward the great reset, employers must decide whether to embrace working from home permanently or revert back to an in-person working model. Most employees’ sentiments have shifted toward a preference for continuing […] April 7, 2021 April 7, 2021 09:00 Pension plans in Canada now factor environmental, social and governance monitoring in their investment process, and in the absence of national guidance, plan managers are using various tools and methods to analyze ESG risk, noted panelists of a roundtable recently hosted by The Association of Canadian Pension Management. “Considering ESG requires a balance of the investment […]

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