Ashby H. B. Monk is a Research Fellow at the University of Oxford and Co-Director of the Oxford SWF Project.
Ashby H. B. Monk is a Research Fellow at the University of Oxford and Co-Director of the Oxford SWF Project.
APG's approach to talent management.
Weighing the Pros and Cons.
Not without easy and direct access.
Looking to Islam for guidance post-Modern Portfolio Theory.
When duty stifles innovation and change.
Where on earth are US pension managers going to find 8.5% returns?
Big institutions on the lookout for rising stars.
Alliances revolutionary in theory; hard to do in practice.
OTPP on how to include long-term risks into decision-making.
Checklist for managing major projects you don't understand.
What’s the right definition of risk in financial markets? Finding the answer to this question has become even more important because the number of retail…
What’s the value of Bitcoin? Or better, what makes it valuable? Is it because many people think it’s valuable? Is it valuable because it’s cool…
It’s a chaotic time for institutional investors. Between rising inflation and interest rates, war in Europe and an ongoing global pandemic, stock market volatility is…
With gas and oil prices reaching new heights last week, panicking both politicians and consumers, we must ask ourselves if this behaviour is typical of…
In a recent case, the Ontario Superior Court found an employee failed to mitigate damages when he refused a return-to-work offer from his employer, with whom he…
Many of the changes that were introduced to Ontario’s Employment Standards Act in January 2018 were short-lived, as the province’s new government elected in June…
With the legalization of recreational cannabis on Oct. 17, 2018, employers have been preparing to answer questions about whether their current benefits plans should provide…
In a recent decision, the Ontario Superior Court of Justice found an employer didn’t constructively dismiss a long-service employee when it provided her with 18 months…
On Oct. 17, 2018, it will be legal to purchase and consume recreational cannabis in Canada. In a recent survey of Mercer’s employer clients and Canadian employees, we found…
Some organizations are unique. Their employees are genuinely excited to be at work and an undercurrent of energy and vitality permeates the air. They’ve transformed the…
While many Canadian organizations continue to search for solutions to rising health-care costs, most are falling short. That’s why they must investigate any opportunity to find…
Macroeconomic trends such as longer lives, a lack of access to pensions and retirement supports, a low-growth environment, and persistent lack of financial literacy and…
Interest rate levels are critically important to the financial health of defined benefit pension plans. Many DB plans are in their best financial positions in…
In 2022, the typical defined benefit pension plan achieved an investment return of roughly negative 12 per cent. However, due to dramatic increases in bond…
Similar to 2022, the coming year will present both challenges and opportunities for defined benefit pension plan sponsors, with the rewards going to plan sponsors…
In the Expert Commission on Pensions’ 2008 review of Ontario’s pension system, it recommended an agency or unit of the provincial government serve as a…
The documentation of formal diversity, equity and inclusion policies and approaches is one of the most significant changes to the Canadian workplace over the last…
The majority (88 per cent) of Canadians employees say the coronavirus pandemic changed how they work in one or more ways, a percentage that increases…
In three short years, the relationship between Canadian employers and employees has changed dramatically as a result of the coronavirus pandemic’s impact on health, finances…
Every day, it seems the news includes a story or two about the economy and whether or not a recession is coming. At the same…
Canada’s most recent census found there are 59,460 Canadians aged 15 or older who identify as transgender and 41,355 who identified as non-binary. However, these individuals…
The concept of employee benefits was established on a foundation built decades ago, when employees worked full time and long term with one employer. Those…
Amid an ongoing labour shortage, employers of all sizes and sectors are increasingly embracing diversity, equity and inclusion. A recent Statistics Canada report found, as…
Microaggressions — everyone has heard them or may have even used them. Defined as everyday verbal and behavioural slights against a person or group that…
Diversity, equity, and inclusion are esteemed values held by many employers and are table stakes in the value proposition for employees and customers. However, in…
In Canada, the coronavirus pandemic is entering a new phase — vaccines are widely available, travel restrictions are gradually lifting and people are returning to…
For most Canadians, it’s been well over a year since most of the country went into its first lockdown due to the coronavirus pandemic. I…
In December 2022, the Supreme Court of Justice of Colombia released an unexpected decision: two men, who had been in a polyamorous relationship with a…
While pension plan administrators know about their plan members’ employment history and salaries, they may not expect to learn much about their personal lives, including how…
Whether they’re delivering takeout, chauffeuring passengers, or fixing leaky sinks, most gig workers in Canada don’t get benefits. Classified as independent contractors rather than employees,…
Storytelling is a fundamental part of being human. It’s how information, culture and ways of living are passed down to the next generation. It’s also…
The coronavirus pandemic put mental health squarely on employers’ agendas and this focus on employee well-being is even more important as some organizations return to…
Employees everywhere are redefining what work means to them and redrawing their expectations of employers. Mental-health supports and flexible working options are now imperative if…
Workplace burnout isn’t always easy to talk about, but after living through nearly two years of the coronavirus pandemic, employers really can’t avoid it —…
A recent court decision in Ontario illustrates the potential danger for employers that attempt to rely on pension plan terms to refute claims for pension-related…
In January, the Canadian Association of Pension Supervisory Authorities established a new committee with a mandate to develop a risk management guidance. In the CAPSA’s…
The importance of risk management isn’t new for the majority of defined benefit pension plan sponsors and administrators. The impact of long-term interest rates, market…
The images of floods, forest fires and heat waves over the past few years is putting climate change front of mind for many, including pension…
Reports that a leading asset manager is delaying the launch of a Chinese bond fund indefinitely are a clear sign that the facade around Chinese…
With the repatriation of Canadians Michael Kovrig and Michael Spavor following their three-year incarceration in China, relations between Ottawa and Beijing are to be reset.…
It’s a welcome development that so many pension fund managers are increasingly preoccupied with the ethical implications of their investments and incorporating data to ensure…
In August, the Canadian Broadcasting Corp. reported that the U.K. Department for Works and Pensions cut off state pension payments to several expatriate pensioners living…
With the increased focus on integrating environmental, social and governance factors into pension plans, a new approach by BlackRock Inc. could have a significant impact on…
At the start of every new year, many employees resolve to improve their fitness — emotionally, financially and/or physically. One pretty easy way that employers…
The modern economy is highly uncertain, with inflation and rising interest rates cutting into bottom lines everywhere. Employers are nervous as the cost of capital…
We are now in Month 14 of the coronavirus pandemic. For institutional investors like pension plans, this pandemic and its consequences highlight the reality of…
Pension plan sponsors can’t ignore the financial risks of climate change or respond to them with half-baked approaches that allow companies to continue pumping out pollution.…
The possible legal ramifications of publicity placing a current or past employee in a false light is an issue employers should keep in mind in…
On the heels of the World Health Organization declaring the novel coronavirus a global pandemic on March 11, 2020, Canada’s federal government rolled out several…
In June, the Supreme Court of Canada released its decision in Uber Technologies Inc. v Heller, dismissing an appeal of a decision by the Ontario…
The COVID-19 pandemic has created many complicated issues for employers. Prudent employers should ensure they’re aware of the resources that may be available during this…
As has been the case for the past couple of years, we’re ending 2021 with as many questions as answers. On the surface, economic conditions…
Almost 16 months since the global coronavirus pandemic was first declared, there’s now yet another thing for institutional investors to worry about — the possibility…
Back in December 2018, I wrote an article asking whether it was a good time for pension plan sponsors to revisit value investing. At that time, public…
Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation.…
As 2021 winds down, I have a few predictions of the human resources trends for employers to keep top of mind in 2022. Employers finding…
Words and imagery have the power to connect, evoke emotion and elicit a reaction. They also have the power to be inclusive, or exclusive, and…
It’s often said perception is reality and that’s definitely true when it comes to benefits plans. If employees can’t easily perceive the value in their…
How long is your attention span? Be honest and think back to the last time you received an email about your employee benefits and didn’t…
For months, Canadian employers have been creaking under the strain of a labour crunch. Finding top talent has always been one of leaders’ most pressing…
COVID-19 cases are dropping and vaccine counts are rising. The economy is reopening and we can expect to be back at the office soon. But…
Employee benefits and total rewards planning have always been a critical element of business planning, but never more so than during the ongoing coronavirus pandemic.…
Over the past few months, we’ve all had to deal with the challenges of social distancing and self-isolation. Some people have faced the extra pressure…
Various forms of digital health care have been available in Canada for several years, but I’d argue nothing has accelerated the awareness, need and adoption…
Anyone who’s ever run a marathon or completed an endurance race or trek knows the last few miles are the hardest, both physically and mentally.…
Any do-it-yourself handyman’s toolbox isn’t complete without a roll a flexible multi-purpose cloth adhesive that has unlimited uses — a.k.a. duct tape. It’s been used…
Even before the coronavirus pandemic, technology was blurring the lines between work and home life. An unhealthy attachment to our mobile phones made it easy…
Many employees may be dreaming of a carefree retirement following many years in the trenches — but they’ll likely have to keep dreaming if they…
For years, a major public sector pension governance time bomb has been hidden in plain sight. But it may be too late to alert the bomb squad;…
A report published by the Canadian Public Pension Leadership Council in February 2019 offers compelling evidence about the broad benefits of workplace pension plans. The report,…
While retirement income security is top of mind for many Canadians, British Columbia’s public sector pension plans are noteworthy models that can be emulated by sponsors…