ArcelorMittal Dofasco is reinforcing its commitment to workplace mental health in 2016, starting with a letter sent out to employees today. The letter is being sent out to coincide with Bell Let’s Talk Day on January 27, and encourages employees to participate in the campaign. The steel company will focus on mental health awareness through a number of additional […]
PSP Investments and Lightyear Capital have signed a definitive agreement to acquire AIG Advisor Group, a subsidiary of American International Group (AIG). “We are pleased with this transaction, which is in line with PSP Investments’ private equity strategy of making sizable, direct investments in high-quality companies alongside experienced partners,” said Guthrie Stewart, senior vice president, global […]
Sun Life has completed a combined annuity buy-in transaction valued at $530 million with two Canadian pension plan sponsors to transfer investment, longevity and inflation risk to Sun Life. The annuity buy-in for the two plans, which opted not to be named, were combined, with the pricing conditional on both purchases occurring at the same time. This generated significant cost […]
Global institutional investors agree it’s challenging to find diversification among traditional asset classes, with 54% saying that stocks and bonds are too highly correlated to provide distinctive sources of return, according to a new survey. Natixis Global Asset Management surveyed 660 global institutional investors, including corporate, public and government pension funds, sovereign wealth funds, insurance companies, and endowments […]
Business confidence in the Ontario economy is at a five-year low, according to a new report. The Ontario Chamber of Commerce (OCC), in partnership with the Mowat Centre, has published its latest iteration of its Emerging Stronger 2016 report, which features the annual Ontario Business Confidence Index. The index shows that only 30% of Ontario […]
The Association of Canadian Pension Management (ACPM) has asked the Ontario government to delay the implementation of the Ontario Retirement Pension Plan (ORPP) by one year. In a letter to Ontario Premier Kathleen Wynne, the ACPM’s CEO Bryan D. Hocking, wrote: “A one-year delay will allow the collaborative federal and provincial approach commenced last fall to continue, and will allow Ontario […]
EY has launched a new health and well-being campaign for its 5,000 Canadian employees. The campaign – New Year, New You – focuses on a different topic each week, including physical, financial and mental well-being. In the first week of January, the focus was on physical well-being, including highlighting the company’s resources around nutrition, tips […]
While Canadian employers agree that coverage of prescription drugs is an important part of the national healthcare system, they have strong viewpoints and concerns about the adoption of a national pharmacare program, according to new research by Aon Hewitt. The research found that, should a public program require additional funding, respondents cautiously support a funding model […]
Diversified pooled fund managers posted a median return of 2.8% before management fees in the fourth quarter of 2015, according to Morneau Shepell. Its latest Performance Universe of Pension Managers’ Pooled Funds study, which is based on the returns provided by leading portfolio managers, ranging from independent investment management firms to insurance companies, trust companies and financial […]
Xerox has partnered Evive Health to add more predictive analytics to its interactive suite of healthcare solutions, RightOpt, enabling employers to strengthen their well-being programs through personalized communications. Evive Health will combine employer data, claims data, benefits information, analytics and psychographics to prioritize and deliver personalized messages to RightOpt’s enrollees. The system continuously monitors what works from […]