Global Pension News

A downtown Toronto office building, One York Street, has earned a LEED Platinum certification with a score of 89 points, the highest such rating ever award a building in the city. As reported by REMI, the “800,000-square-foot-office tower rises to 35 stories at York and Harbour in Toronto’s South Core Business...

A bill “in line” with a pledge by House and Senate Democrats to protect retirement income has been introduced in Congress, writes Lee Barney for Plan Sponsor. The legislation would create a Pension Rehabilitation Trust Fund, managed by a new Pension Rehabilitation Administration within the Department of the Treasury,...

Proposed legislation that would give pensioners greater protection “shows that it is possible to protect pensions when companies enter bankruptcy proceedings,” says the National Union of Public and General Employees (NUPGE) in a press release. MP Scott Duvall, NDP, has introduced a private member’s bill, Bill C-384,...

The pension dashboard initiative by the UK government could eventually be used to help Britons plan for retirement, writes Carmen Reichman for FT Advisor. The dashboard, scheduled to be launched in 2019, was born “out of a need to create an overview of people’s pension savings following the pension freedom reforms...

British academics may strike over moves to change their pension plan into a DC-type scheme. “The University and College Union have launched a ballot in resposent to proposed changes to the university sector’s largest pension scheme,” writes Rosie Bradbury for Varsity. The union will gauge support of the academics...

A pension product that would be portable across European borders would help close the pension gap “in a cost-effective way,” writes Igor Tkalec for Politheor. Called the Pan-European Personal Pension Product (PEPP), its “benefits would eventually spread across multiple fronts: improving the sustainability of pension...

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