The Investment Management Corp. of Ontario is publishing its inaugural environmental, social and governance report, which includes an outline of its four-pronged ESG integration strategy. “We have long understood that companies with good governance practices and diverse teams make better decisions that lead to superior performance,” wrote Brian Gibson, board chair of the IMCO, in […]
Despite year-to-date asset losses and historically high levels of inflation, most Canadian defined benefit pension plans are reporting increased funded positions in the second quarter of 2022, according to a report by Mercer Canada. It found the median solvency ratio increased from 108 per cent as at March 31 to 109 per cent as at […]
Two-fifths (43 per cent) of U.S.-based human resources leaders say workers are having difficulty accessing mental-health care, according to a survey by virtual health care provider Uprise Health. The survey, which polled more than 540 U.S.-based HR leaders at firms with 100 or more employees, found 35 per cent of employers aren’t currently offering any […]
The British Columbia Investment Management Corp. is appointing Michel Drolet as senior vice-president of corporate risk and chief audit executive. In the role, he’ll lead the investment organization’s new corporate risk and audit department, which is mandated to improve risk awareness, responsiveness and decision-making. To preserve the independence of the internal audit function, Drolet will […]
The potential impact of a disorderly transition to a low carbon economy is a top factor driving financial market regulators to accelerate and focus their efforts on climate-related risks, said Tamara DeMos, chair of the Canadian Association of Pension Supervisory Authorities’ environmental, social and governance committee and managing director of private pensions. Speaking during the […]
Two-thirds (66 per cent) of employees are willing to take a job with a lower salary and a pension plan than one with a higher salary and no pension, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 1,700 Canadian adults, found while employees close to retirement age […]
The market value of assets held by Canadian trusteed pension funds increased 4.2 per cent to $2.27 trillion in the fourth quarter of 2021, up from $2.18 trillion in the previous quarter, according to new data from Statistics Canada. Within trusteed plans, public sector assets grew five per cent to $1.78 trillion, accounting for 78 per cent […]
Stelco Inc. is de-risking one of its defined benefit pension plans with a $1.3 billion annuity buy-in. The deal, which covers more than 7,000 United Steelworkers members and beneficiaries employed at the company’s Hamilton, Ont.-based plant, was completed in May with Brookfield Annuity Co. and Sun Life Financial Inc. Read: Stelco workers, retirees learn fate […]
Half (48 per cent) of dog owners are willing to leave their current job for a more pet-friendly employer, according to a new survey by pet services marketplace A Place for Rover Inc. The survey, which polled 500 Canadian employees who own dogs, found this percentage increased to 58 per cent among respondents who welcomed […]
Eight in 10 (81 per cent) white-collar workers cite hybrid work as a top factor when looking for a new job, ranked alongside higher pension contributions (90 per cent), bonuses/profit sharing (85 per cent) and unlimited vacation and holiday allowances (76 per cent), according to a new survey by IWG. The survey, which polled 1,000 […]