BlackRock Asset Management Canada has lowered the fees of its iShares Core suite. The annual management fees of the iShares Core S&P U.S. Total Market Index (XUU) and iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) (XUH) are now 0.07%. Both XUU and XUH, which were launched in February 2015, provide investors with broad-based exposure to the total […]
The Ontario Retirement Pension Plan Administration Corporation (ORPP AC) has appointed Saäd Rafi as its first CEO. Rafi was most recently the CEO of the TO2015 Pan Am/Parapan Am Games Organizing Committee. He also has 25 years of experience as a leader in the public and private sectors, including serving as deputy minister in several […]
Desjardins, KPMG, RBC and Rogers Communications were among the 95 employers named as Canada’s Top Employers for Young People (2016). The annual list, published in partnership with The Globe and Mail, recognizes employers that offer the nation’s best workplaces, programs and benefits for young people just starting their careers. A selection of the initiatives that have propelled […]
The Ontario Teachers’ Pension Plan has appointed Bjarne Graven Larsen as executive vice president and chief investment officer (CIO), effective February 1, 2016. Graven Larsen is the former CIO and executive board member of ATP, Denmark’s largest pension plan and the fourth largest in Europe. He was most recently the chief financial officer at Novo […]
Plan sponsor Nyhart Actuary and Employee Benefits (Nyhart) has re-enrolled its employees into Russell Adaptive Retirement Accounts, developed by global asset manager Russell Investments. Russell Adaptive Retirement Accounts are customized retirement portfolios from a defined contribution (DC) plan’s investment menu, which are designed to be cost-efficient and easy to use, like target-date funds, but to […]
By the end of 2016, 77% of employers intend to have at least one financial well-being program in place, according to a new report by Aon Hewitt. Its Hot topics in retirement and financial well-being report, which surveyed more than 250 U.S. employers representing seven million employees, found that 52% of respondents said they intend […]
People are saving more for retirement and investing more appropriately for their age, improving the overall state of retirement readiness in the U.S., according to a new study by Fidelity Investments. Its biennial Retirement Savings Assessment study, which factors in data from 4,650 respondents, found that the number of people who are likely to be able to afford at […]
CPP benefits to increase by 1.2%
The gender pay gap could be impacting women’s mental health, according to a new study by Columbia University’s Mailman School of Public Health. The study surveyed 22,581 working American adults, matching women and men by factors such as age, education, occupation and family composition. It found that among women whose income was lower than their male […]
A U.S. District Court judge has denied an attempt by FedEx to throw out a lawsuit around same-sex survivor pension benefits. The lawsuit was filed by Stacey Schuett, the widow of a long-time FedEx employee, who has been denied the survivor pension benefits her same-sex spouse earned during her career with the company. FedEx refuses […]