CANADA - Workers have won legal protection for their wages and pension contributions when their employer goes bankrupt, following the approval of a new Bill.
The Canadian Labour Congress said the changes were the result of an intensive three-year campaign by unions to change laws that unfairly put workers last in line to get paid.
Ken Georgetti, president of the Canadian Labour Congress, said Canadians had been waiting a long time for the protection measures.
He said: "It is not just unionised workers that will benefit but every working woman and man in Canada that will have this protection as soon as the government proclaims the Act."
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.