Two-fifths (41 per cent) of U.S. employees say future generations of retirees will be worse off than those currently in retirement, according to a new survey by the Harris Poll on behalf of the Transamerica Institute and the Transamerica Center for Retirement Studies. The survey, which polled more than 5,700 U.S. employees, found this sentiment […]
The Canada Post Corp. pension plan is appointing Thavanesan Naidoo as director of pension fund investments and external equities. Naidoo, who has more than 30 years of experience in pension and investment management, joins the Canada Post plan from the CIBC pension plan where he was director of pension investment strategy. In the new role, […]
The Canada Pension Plan Investment Board is acquiring a significant stake in an experience management software provider. The investment organization and Silver Lake, a global private equity firm, are jointly acquiring Qualtrics for US$12.5 billion. The company designs cloud-based experience management tools used by more than 19,000 organizations. Following the acquisition, the company was de-listed […]
Canadian defined benefit pension plans’ median solvency ratio increased in the second quarter of 2023, according to a new report by Mercer. The report, which looked at the performance of more than 500 Canadian DB plans in its database, found a rise from 116 per cent to 119 per cent during the quarter. Meanwhile, a similar report […]
Three-quarters (74 per cent) of U.S. employers say they plan to consolidate their health benefits within the next year, according to a new survey by Summus Global Inc. The survey, which polled more than 250 employers, found that, while 86 per cent said they’re satisfied with their current health benefits offerings, they’re inundated with the management […]
The leaders of 11 of Canada’s largest public sector pension investment organizations are calling on companies to adopt a new framework that would consolidate existing disclosure standards, including those from the sustainability accounting standards board and the task force on climate-related financial disclosures. The framework, which was set out by the International Sustainability Standards Board, […]
More than four-fifths (84 per cent) of asset managers expect their firms will grow over the next 18 months, according to a new survey by Northern Trust Corp. in partnership with Coalition Greenwich. The survey, which polled based 150 asset managers in the Asia-Pacific region, Europe and North America, found European respondents were most optimistic […]
Employees are finding their compensation, benefits and options for career advancement are less satisfying, according to a new survey by ADP Canada. The survey, which polled 1,200 Canadian workers, found that, on a scale of one to 10, the average national work happiness score was 6.6, down slightly from 6.7 in May. More than two-fifths […]
The Association of Canadian Pension Management is urging the Ontario government to ensure its proposed rules for multi-employer target-benefit pension plans don’t undermine existing incentives that enable employers to create and maintain workplace pension plans. In an open letter, the ACPM said it believes the provision for adverse deviation will overly restrict the ability of MEPP trustees to manage […]
The Ontario Teachers’ Pension Plan is appointing Bruce Crane as executive managing director and head of Asia-Pacific, effective immediately. He will lead investment activities and portfolio management across the Ontario Teachers’ offices in Hong Kong, Mumbai and Singapore. Crane joined the pension fund in 2020 as its first employee in the Singapore office. In the new […]