The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to provide more detail on how pension plans can enhance their investment risk management strategies. In an open letter responding to a consultation by the OSFI, Ric Marrero, chief executive officer of the ACPM, said while the paper […]
More than half of Canadian employers have considered adjusting employee rewards and benefits (57 per cent) and salary/wages (55 per cent) to contend with rising inflation and an ongoing labour shortage, according to a survey by Ento Canada. The survey, which polled more than 400 human resources leaders, found four in 10 (42 per cent) employers […]
The office of the chief actuary is seeking an external peer review panel for its next actuarial report on the Canada Pension Plan. The external peer review is intended to ensure the report — to be released in December 2022 — meets high professional standards and is based on reasonable methods and assumptions, according to […]
Canada Pension Plan Investment Board generated returns of 6.8 per cent during its fiscal year, which ended on March 31, 2022. The institutional investor’s assets grew by $42 billion, rising from $497 billion to $539 billion. The $42 billion increase in net assets consisted of $34 billion in net income and $8 billion in net […]
The Canadian Association of Pension Supervisory Authorities is releasing a consultation draft of revisions to its guidelines for capital accumulation plans. The updated guidelines replace the 2004 document and reflect the expectations of regulators regarding the operation of a workplace CAP, regardless of the regulatory regime applicable to the plan. Read: CAPSA developing multi-jurisdictional VPLA […]
Half (49 per cent) of employees would like their employer to increase investment in mental, physical and financial well-being resources, according to a new survey by employee engagement company Reward Gateway. The survey, which polled 3,800 employees and human resources decision-makers across Australia, the U.K. and U.S., found 50 per cent would like to see increased […]
While official diversity, equity and inclusion policies have been widely adopted by U.S. institutional asset management organizations, these policies have made little difference to the makeup of executive ranks, according to a survey by Meketa Investment Group. The survey, which was based on responses provided by 420 U.S. institutional asset managers, found by the end of […]
The real estate arm of the Caisse de dépôt et placement du Québec is acquiring an 11.5 hectare warehouse in Germany. The facility — located in Hamburg, near Europe’s busiest freshwater freight port — serves as a distribution centre for the H&M Group, which will continue to lease the entire facility under its new ownership, […]
More than half (52 per cent) of U.S. full-time employees said the health benefits offered by their employer are unaffordable and 47 per cent said the same benefits aren’t worth the cost, according to a new survey by Alight Solutions. The survey, which polled more than 2,000 employees, also found time constraints (40 per cent), […]
An article on the potential future of pension plans in the private sector was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Expert panel: Are private sector employers heading toward a pension renaissance? 2. A third of Canadian employees retiring sooner than planned: survey 3. Mental-health […]