The British Columbia Investment Management Corp. saw a return of 3.5 per cent and increased its assets under management from $228.6 billion to $233 billion during the fiscal year ending March 31, 2023. According to the investment organization’s annual results, the $3.9 billion increase reflected investment gains of $6.8 billion and $2.8 million in net […]
Nearly two-fifths (38 per cent) of Canadian workers say they don’t feel — or have never felt — supported by their employer, according to Telus Health’s latest mental-health index. The survey, which polled more than 3,000 employees, found the average mental-health score for Canadian workers was 64.6, unchanged from April. Among respondents who said they […]
The Association of Canadian Pension Management is asking the federal government to consider changes in proposed amendments to the Pension Benefits Standards Act and Pooled Registered Pension Plans Act, including retaining the definition of defined benefit provision and expanding access to pooled registered pension plans. In an open letter, the ACPM noted the government’s proposed […]
While U.S. workers believe they’ll need roughly $1.27 million in savings to retire comfortably, employees have, on average, just $89,300 in retirement savings, according to a new survey by Northwestern Mutual. The survey, which polled more than 2,700 employees, found 52 per cent said they expect to be financially prepared for retirement when the time […]
With the 2023 Workplace Benefits Awards’ nomination process soon drawing to a close, Benefits Canada is pleased to announce this year’s panel of judges. The deadline for this year’s awards is Fri., July 7, at which time the awards entries will be turned over to the hands of several industry experts. Read: Who are the winners […]
Changes to tax rules can improve Canadians’ retirement security and make the retirement system more equitable, according to a new report by the C.D. Howe Institute. The report argued in favour of key changes to the accumulation phase, such as more equitable tax-deferred registered wealth accumulation limits, changes to the tax recognition of administrative expenses […]
The Caisse de dépôt et placement du Québec isn’t fulfilling its mandate to achieve optimal investment returns within its investment framework, according to a new report by the Centre for Productivity and Prosperity, a public interest group funded by the Quebec government and the Walter J. Somers Foundation. “The CDPQ is performing well enough to […]
The Local Authorities Pension Plan Corp. is appointing Troy Mann as president and chief executive officer. He joins the Edmonton-based organization from the Alberta Pensions Services Corp., where he was vice-president of pensions services. Earlier in his career, he was also chief pensions and benefits officer at Vestcor Pension Services Corp. and assistant deputy minister […]
Nearly half (45 per cent) of U.S. employees have higher expectations for their employer’s level of workplace mental-health support in 2023 compared to last year, according to a new survey by the Society for Human Resource Management and the SHRM Foundation. The survey, which polled more than 1,000 workers, found roughly two-fifths (41 per cent) […]
The gender pay gap is narrowing in Canada, with women earning roughly 21 per cent less than men in 2022, compared to 24 per cent less in 2021, according to a new survey by ADP Canada. The survey, which polled more than 1,500 workers, found the average salary for men was $72,743, compared to $57,725 […]