Pension Financial Results – News on Your Pension Sustainability

Ontario has a new chair of the Financial Services Tribunal, with the government appointing Ian McSweeney to the position. The tribunal is an adjudicative body that holds hearings on decisions of the Superintendent of Financial Services for Ontario. McSweeney “will also serve as the Chair of the Financial Services...

The largest public pension system in Ohio is eyeing cuts to cost of living allowances to retirees in a bid to “shore up the long-term finances of the fund,” writes Laura A. Bischoff for the Dayton Journal-News. The cuts would impact a million current and future retirees, she writes. “Ohio Public Employees Retirement...

The government of France has appointed Jean-Paul Delevoye to the position of high commissioner for pension reform in accordance with its commitment to reform the country’s pension system, writes Susanna Rust for Investment & Pensions Europe. The commissioner will be responsible for organizing “consultations with...

An Ontario Superior Court judge in the Sears Canada bankruptcy hearings has postponed a ruling on a request to wind up the company’s pension fund, ordering that other creditors not be paid until the issue is determined. The motion to wind up the plan was brought by the lawyer representing the company’s pensioners,...

He is known as the father of the 401 (k), but Ted Benna is no fan of the fees and expanse of investment choices that sprang from his creation. Now, writes Bruce Shutan for Employee Benefit Advisor, Benna “has reinvented the wheel for small businesses that struggle to afford a retirement benefit offering,” devising three...

News that British Airways plans to close its main pension plan isn’t sitting well with unions representing the airline’s workers, and they are demanding urgent talks with the carrier. The airline says the move is driven by a “significant and growing” deficit for the plan that has 17,000 members, writes James Sillars...

New data from Willis Towers Watson shows that assets held by the world’s largest pension funds grew by 6.1 per cent in 2016, reaching $15.7 trillion. Canada’s share of those assets total 5.4 per cent, up from 5.3 per cent the previous year. That moves the country by the United Kingdom into fifth place for share of...