The TTC Pension Plan is appointing Danny Ip as its first director of investment risk and analytics. In the newly created role, Ip is responsible for solidifying the defined benefit plan’s investment risk and analytics functions. He’ll lead the creation of clear and consistent investment risk reporting processes and deliver regular performance and analytical reports, […]
While Canada ranks No. 31 out of 145 countries for women’s labour force participation, its wage equality ranking sits at No. 71, according to a new report by the World Economic Forum. It found Canada’s gender pay gap is roughly 16 per cent in comparison to other Organisation for Economic Co-operation and Development member countries. […]
An expert panel about the impact of environmental, social and governance-focused target-date funds on capital accumulation plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: Expert panel: How ESG-focused TDFs could impact workplace CAPs CPPIB investing in discount grocery chain, OMERS acquiring infrastructure […]
More than two-thirds (70 per cent) of large U.S. employers are planning to beef up their benefits plans in 2023 to enhance their attraction and retention efforts, according to a new survey by Mercer. The survey, which polled more than 700 employers, found a third (32 per cent) of large employers already offer inclusive family-building […]
The Canadian Investment Funds Standards Committee is releasing the final framework it will use to identify investment funds that disclose adopting responsible investing strategies. “Given the rapidly developing nature of global [environmental, social and governance]-related and sustainable investing frameworks, the CIFSC’s intent is not to further complicate the global or Canadian landscape but, rather, to […]
Paramedics from 40 ambulance services across Quebec are striking to lower the required retirement age for their defined benefit pension plan and for pay equity with their emergency services colleagues. The Fédération des employés du préhospitalier du Québec union — which has nearly 2,500 pre-hospital members, including paramedics — went on strike July 1. Currently, the members’ […]
U.S. employers offering 403(b) retirement plans will benefit from access to collective investment trusts, according to a report by the Defined Contribution Institutional Investment Association. It noted the latest version of the Securing a Strong Retirement Act passed the House in March and, if it passes through the Senate with language that allows institutional 403(b) […]
After a record-breaking year, Alberta’s public sector investment fund manager is seeking to earn the trust of its client pension funds. “A combination of factors had undermined trust between AIMCo and some of our clients,” wrote Evan Siddall, chief executive officer of the Alberta Investment Management Corp., in the organization’s 2021 annual report. “Whatever the reasons, […]
Nearly three-quarters (73 per cent) of Canadian employees aged 18 to 34 and 69 per cent of workers aged 35 to 44 say they’re significantly more likely to leave their current employer for another role offering better benefits, according to a new survey by RBC Insurance Services Inc. The survey, which polled more than 1,000 […]
The pension plan for the faculty and staff of the University of Toronto grew from $6.3 billion to $6.6 billion in the first six months of 2021. For the second half of the year, the assets were officially in the custody of the University Pension Plan, though the day-to-day management of portfolios remained UTAM’s responsibility well into […]