Staff

PSP Investments appointing Patrick Charbonneau as CIO, Yannick Beaudoin to lead Canada Growth Fund

The Public Sector Pension Investment Board is appointing Patrick Charbonneau as its new chief investment officer, effective February 3, 2025. He’ll oversee portfolio design and beta management activities, the fund’s overall investment strategy and the treasury function. Charbonneau succeeds Alexandre Roy, senior managing director of total fund management at the investment organization, who served as […]

  • January 24, 2025 January 24, 2025
  • 15:00

PSP Investments closing final lease for London office asset, CPPIB joining U.S. real estate joint venture

The Public Sector Pension Investment Board is reporting its London-based office real estate asset is fully leased. “We are delighted that 22 Bishopsgate has reached full occupancy, marking a significant milestone for this asset,” said Stéphane Jalbert, managing director and head of Asia-Pacific and Europe, real estate investments at PSP Investments, in a press release. […]

  • January 24, 2025 January 23, 2025
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article on why a majority of Canadians are planning to switch jobs this year was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Six in 10 Canadian employees planning to change jobs this year: survey 2. Acera Insurance’s group […]

  • January 24, 2025 January 23, 2025
  • 09:00

Average funded ratio of Canadian DB pension plans up 2% in Q4 2024: report

The funded ratio of the average Canadian defined benefit pension plan grew by two per cent during the fourth quarter of 2024 and 12 per cent since the start of the year to 129 per cent, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans was […]

  • January 23, 2025 January 22, 2025
  • 11:00

Netherlands pension fund divesting 2.8 million shares in Tesla: report

Dutch civil worker pension fund Stichting Pensioenfonds ABP is selling its entire stake in Tesla Inc., according to a report by Business Insider. The investment organization sold 2.8 million shares in the electric vehicle manufacturer last September. A separate report by Bloomberg indicated ABP’s Tesla stake was valued at approximately US$585 million. Read: Shareholders approve […]

  • January 22, 2025 January 22, 2025
  • 15:00

79% of Canadian employees report improved well-being due to flexibility of hybrid work: survey

More than three-quarters (79 per cent) of Canadian employees say their overall well-being has significantly improved due to the greater flexibility offered by hybrid working, according to a new survey by International Workplace Group. The survey, which polled more than 1,000 Canadian employees, found 64 per cent said their physical health has improved due to […]

  • January 22, 2025 January 22, 2025
  • 15:00

Half of North American employees feel less fulfilled compared to five years ago: survey

Half (51 per cent) of North American employees say they feel less fulfilled compared to five years ago, with hybrid workers feeling more fulfilled than their remote and onsite counterparts, according to a new survey by Ricoh USA Inc. The survey, which polled more than 2,000 North American employees, found 84 per cent said their […]

  • January 21, 2025 January 20, 2025
  • 09:00

Acera Insurance’s group benefits division expanding to Saskatchewan through BMA Group partnership

Calgary-based Acera Insurance Services Ltd. is expanding its group benefits division to Saskatchewan through a partnership with Saskatoon-based group benefits and retirement consultancy BMA Group. The deal closed in December and BMA will eventually transition to become Acera Benefits, according to a press release. This transaction marked Acera Insurance’s ninth partnership deal in 2024 and […]

  • January 17, 2025 January 15, 2025
  • 15:00

Verizon’s US$5.9BN pension risk transfer faces lawsuit alleging breach of fiduciary duties

Verizon Communications Inc. is facing a lawsuit by retirees alleging the organization breached its fiduciary duties and engaged in prohibited transactions when it completed a US$5.9 billion pension risk transfer to Prudential Insurance Co. of America nearly a year ago, according to a report by Investment News. The proposed class action lawsuit, filed in December […]

  • January 16, 2025 January 16, 2025
  • 09:00

CPPIB forming Brazilian real estate joint venture, selling stake in U.S. energy operator

The Canada Pension Plan Investment Board is creating a new joint venture alongside Cyrela Brazil Realty to explore opportunities in the Brazilian real estate market. The two partners have established an investment target of $400 million, primarily to develop residential condominiums in São Paulo. In a press release, Ricardo Szlejf, managing director and head of […]

  • January 15, 2025 January 15, 2025
  • 15:00