Home News Page 16

Top Stories in News

84% of U.S. employers planning to adjust leave programs in the next two years: survey

A majority (84 per cent) of U.S. employers are planning to make changes to their leave programs in the next two years, according to a…

  • By: Staff
  • February 5, 2024 February 5, 2024
  • 15:00

Survey finds Black Canadians report high levels of racism despite workplace improvements

Canadian companies are making uneven progress on efforts to make workplaces more inclusive and equitable for Black workers, according to a survey from KPMG in…

20% of Canadian employees worked mostly from home at the end of 2023: Stats Can

The percentage of Canadians working most of their hours from home continued to decline in November 2023 to 20 per cent, from 40 per cent…

  • By: Staff
  • February 5, 2024 February 2, 2024
  • 09:00

FSRA’s proposed guidance on retroactive adverse amendments inconsistent with case law, Pension Benefits Act: ACPM

The Financial Services Regulatory Authority of Ontario’s revised proposed guidance on retroactive adverse amendments for pension plan administrators is inconsistent with existing case law, the wording…

  • By: Staff
  • February 5, 2024 February 9, 2024
  • 09:00

Competition minister raises concerns over Manulife, Loblaw pharmacy deal

The federal minister in charge of promoting competition says he’s concerned about a deal between Manulife Financial Corp. and Loblaw Cos. Ltd. that restricts patients…

Ontario appeal court ruling marks substantial shift in enforcement of termination clauses

Court of Appeal upholds $1.5 million punitive damages award in LTD claims case

The Ontario Court of Appeal’s affirmation of a $1.5 million punitive damages award — reportedly the largest award of its kind in a Canadian long-term…

29% of Canadian employees want to work remotely to save commuting costs, time: survey

More than a quarter (29 per cent) of Canadian employees say they want to reduce in-office work, with three-quarters (76 per cent) citing saving time…

Copyright_jakkapan_123RF

Average Canadian DB pension plan returns 8.2% in Q4 2023: report

The average Canadian defined benefit pension plan posted returns of 8.2 per cent in the fourth quarter of 2023, according to RBC Investor Services. It…

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 15:00

AIMCo creates $1 billion fund for energy transition, Caisse backs aircraft financing platform

The Alberta Investment Management Corp. is setting up a new $1 billion fund to invest in energy transition and decarbonization efforts, according to a report by…

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 11:00

Three Canadian pension funds’ investments among the biggest mergers, acquisitions deals in Q4 2023: report

A joint venture that saw the Canada Pension Plan Investment Board and Blackstone Inc. acquire a 20 per cent stake in a senior mortgage loan portfolio…

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 11:00
Copyright_Mikhail Tsikhanovich_123RF

N.B. transferring 5 public DB pension plans to shared-risk model

Legislation that mandates the transfer of five New Brunswick public sector defined benefit pension plans to a shared-risk model goes into effect today. The Pension…

Copyright_belitas_123RF

Half of Canadian BIPOC employees feel uncomfortable or unwelcome at work: survey

Roughly half of Black, Indigenous and people of colour employees in Canada report feeling uncomfortable or unwelcome in the workplace, especially those aged 30 to…

  • By: Staff
  • February 1, 2024 February 14, 2024
  • 09:00

Survey finds 74% of Canadians aged 24 to 44 view conventional retirement approach as outdated

Three-quarters (74 per cent) of Canadians aged 24 to 44 say the conventional approach to retirement — halting work at age 65 to enjoy a…

  • By: Staff
  • April 18, 2024 April 18, 2024
  • 15:00

CAAT returns 9.5% for 2023, led by global, emerging market equities

The Colleges of Applied Arts and Technology pension plan saw a net return of 9.5 per cent for 2023, with net assets of $20.1 billion,…

  • By: Staff
  • April 18, 2024 April 18, 2024
  • 09:30

PSAC files policy grievance regarding transfer of PSHCP, impacts on plan members

The Public Service Alliance of Canada recently filed a policy grievance against the Treasury Board for its management of the transfer of the Public Service…

Feds seeking to boost domestic investments by Canadian institutional investors: budget

In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former…

  • By: Staff
  • April 17, 2024 April 16, 2024
  • 09:00

FSRA focusing on target-benefit framework for MEPPs, sustainability of PBGF in 2024-25 annual plan

In its 2024-25 annual plan, the Financial Services Regulatory Authority of Ontario is focusing on assessing and mitigating systemic and high-priority risks in the province’s…

  • By: Staff
  • April 17, 2024 April 16, 2024
  • 09:00

Demand for data centres rising as institutional investors seek to diversify real estate portfolios: expert

Data centres are becoming an important asset for institutional investors seeking to diversify their real estate portfolios. The data centre asset class was valued at…