Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 28 Mar 2024 20:28:38 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Average Canadian DB pension plan’s funded solvency position up 2.8% in February: report https://www.benefitscanada.com/pensions/defined-benefit-pensions/average-canadian-db-pension-plans-funded-solvency-position-up-2-8-in-february-report/ Thu, 28 Mar 2024 19:00:17 +0000 https://www.benefitscanada.com/?p=153693 The funded position of a typical defined benefit pension plan rose both on a solvency basis (2.8 per cent) and an accounting basis (2.3 per cent) during February, according to Telus Health’s latest pension index. It found the solvency of the average DB plan rose to 103.6 per cent in February, up from 100.8 per […]

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47% of Canadian employees relying on workplace benefits to improve well-being: report https://www.benefitscanada.com/benefits/health-wellness/47-of-canadian-employees-relying-on-workplace-benefits-to-improve-well-being-report/ Thu, 28 Mar 2024 13:00:52 +0000 https://www.benefitscanada.com/?p=153687 Nearly half (47 per cent) of Canadian employees say they’re interested in improving their well-being and plan on using workplace benefits to do so, according to a new report commissioned by Dialogue Health Technologies Inc. and conducted by Canadian market research firm Environics Research. The report, which analyzed multiple surveys polling more than 1,000 Canadian employees […]

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Expert Panel: CPPIB taking steps to face shifting investment landscape in China https://www.benefitscanada.com/canadian-investment-review/alts/expert-panel-cppib-taking-steps-to-face-shifting-investment-landscape-in-china/ Thu, 28 Mar 2024 13:00:44 +0000 https://www.benefitscanada.com/?p=153567 The decision by the Canada Pension Plan Investment Board this month to reduce 10 per cent of its China equity team based in Hong Kong is a positive move. It highlights a shift in the CPPIB’s approach to China, which previously saw the Canadian pension fund fend off accusations that its past investment activity in […]

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Ontario continues work on infrastructure bank, target-benefit pension plan framework https://www.benefitscanada.com/canadian-investment-review/alts/ontario-continues-work-on-infrastructure-bank-target-benefit-pension-plan-framework/ Wed, 27 Mar 2024 19:00:26 +0000 https://www.benefitscanada.com/?p=153691 In its 2024 budget on Tuesday, the Ontario government reiterated its support for a provincial infrastructure bank to leverage public sector pension investments. The bank, renamed the Building Ontario Fund, was announced in the province’s 2023 fall economic statement and will support the development of new long‐term care homes, energy infrastructure, affordable housing, municipal and […]

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Hydro-Quebec’s $185 billion expansion plan getting institutional investor attention: report https://www.benefitscanada.com/news/cir-news-news/hydro-quebecs-185-billion-expansion-plan-getting-institutional-investor-attention-report/ Wed, 27 Mar 2024 19:00:12 +0000 https://www.benefitscanada.com/?p=153537 A new $185 billion plan by Hydro-Quebec to build out increased power capacity is gaining attention from institutional investors, according to a report by Bloomberg. Michael Sabia, chief executive officer at Hydro-Quebec, said he’s confident in finding the right partners to help tackle the new project, which was announced last November and is designed to […]

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Employers can support different generations with flexibility, empathetic leadership: expert https://www.benefitscanada.com/news/bencan/employers-can-support-different-generations-with-flexibility-empathetic-leadership-expert/ Wed, 27 Mar 2024 13:00:04 +0000 https://www.benefitscanada.com/?p=153616 Employers can support a multigenerational workforce by understanding each generations’ needs and offering flexibility and empathetic leadership, says Darryl Wright, a partner at Ernst & Young Canada. An October 2023 survey by EY found a quarter of Canadian employees were likely to quit their job in the next 12 months, with generation Z and millennials […]

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New York State Common Retirement Fund curbing oil and gas investments https://www.benefitscanada.com/canadian-investment-review/alts/new-york-state-common-retirement-fund-curbing-oil-and-gas-investments/ Tue, 26 Mar 2024 19:00:43 +0000 https://www.benefitscanada.com/?p=153144 The New York State Common Retirement Fund is restricting its exposure in eight integrated oil and gas companies, including divesting a portion of its investment in Exxon Mobil Corp. In a press release, New York State Comptroller Thomas DiNapoli said the decision was fueled by a review of the oil companies — Guanghui Energy Company, […]

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Tim Deacon leaving Ontario Teachers’ for Sun Life Financial https://www.benefitscanada.com/notice/appointment-notice/tim-deacon-leaving-ontario-teachers-for-another-role/ Tue, 26 Mar 2024 19:00:10 +0000 https://www.benefitscanada.com/?p=153650 Tim Deacon is leaving his role as chief financial officer at the Ontario Teachers’ Pension Plan for a leadership role at another financial institution, effective April 5. Effective April 8, Deacon will begin a new role as Sun Life Financial Inc.’s chief financial officer. He joined the Ontario Teachers’ in 2021, succeeding David McGraw after serving as […]

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Nearly half of working Canadian women disappointed with employer’s support during maternity leave: survey https://www.benefitscanada.com/benefits/absence-management/nearly-half-of-working-canadian-women-disappointed-with-employers-support-during-maternity-leave-survey/ Tue, 26 Mar 2024 13:00:53 +0000 https://www.benefitscanada.com/?p=153585 Nearly half of Canadian women employees say they’re dissatisfied with their organizations’ support during maternity leave, according to a survey by Maturn. The survey, which polled more than 1,000 women, found two-fifths (39 per cent) didn’t receive a top up. Among the 59 per cent who said they received some form of paid leave, the benefits […]

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More than £50 billion in U.K. pension benefits at risk of being lost, misplaced: study https://www.benefitscanada.com/pensions/retirement/more-than-50-billion-in-u-k-pension-benefits-at-risk-of-being-lost-misplaced-study/ Mon, 25 Mar 2024 19:00:11 +0000 https://www.benefitscanada.com/?p=153577 More than £50 billion in U.K. pension benefits were at risk of being misplaced in abandoned accounts or scattered across multiple lost pots in 2023, according to a study by the Centre for Economics and Business Research on behalf of PensionBee Ltd. It noted at least 4.8 million U.K. pension pots were considered lost in 2023, […]

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