Responsible investment organization calls for pension protection

Advisor’s Edge: The Shareholder Association for Education and Research (SHARE), is calling on federal policymakers to adopt measures to protect workers’ retirement savings.

In a letter to federal officials at Innovation, Science and Economic Development Canada (ISED), the Vancouver-based, responsible investment organization calls on the government to take action to protect workers’ pensions. Among other things, it calls for amending bankruptcy law to provide courts with the power to set aside executive and director bonuses and compensation increases where a company with unfunded pension liabilities enters insolvency.