Canada: The Most Important Question Is Why: The SCC Revisits Constructive Dismissal

The Supreme Court of Canada recently handed down Potter v New Brunswick Legal Aid Services Commission,1 ruling that an employer had constructively dismissed an employee when it suspended him without justification, while he was on sick leave. This decision, which overruled both judgments from the New Brunswick Court of Queen’s Bench and the New Brunswick Court of Appeal, clarifies the common law test for constructive dismissal and has important implications for employers. This article […]

By | March 17th, 2015 ||

United States: End Of Comment Period Nears For Proposed Changes To Payroll Cards

On December 23, 2014, the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking(NPRM) that seeks to regulate a number of prepaid products under Regulation E (a federal banking regulation), including payroll cards.  While payroll cards already are subject to Regulation E, the NPRM would impose a number of new requirements on financial institutions that issue payroll cards, including requiring proposed disclosure forms that (1) advise employees that they do not need […]

By | March 17th, 2015 ||

United States: Understanding Bonds: What Do Your Plan Participants Know?

Bonds have a place in retirement plan portfolios. However, recent research suggests that many 401(k) plan participants may have some misperceptions about what that place is and how bonds perform under various market conditions. In view of this research, taking the pulse of your 401(k) participants might be a prudent thing to do.
What the Research Says
The research, from State Street Global Advisors’ (SSgA’s) latest defined contribution plan participant survey, shows that overall, most investors […]

By | March 17th, 2015 ||