The Canadian Association of Pension Supervisory Authorities’ draft guideline for pension plan risk management covers too many topics and audiences, limiting its practical applicability, according to the Association of Canadian Pension Management. In an open letter, the ACPM said the draft guideline lacks a structural framework that would allow pension plan administrators to implement a […]
Just two in 10 (roughly 20 per cent) U.S. employees strongly agree they’re connected to their organization’s culture, according to a new survey by Workhuman and Gallup Inc. The survey, which polled more than 1,000 employees, found those who said they strongly agree recognition is an important part of their organization’s culture were half as likely […]
More than half of global institutional investors are worried about the ongoing effects geopolitical risk (55 per cent) and rising inflation (53 per cent) will have on their portfolios, according to a new survey by Schroders. The survey, which polled 770 global institutional investors representing US$34.7 trillion in assets, found that, in order to combat geopolitical risk, respondents […]
The Investment Management Corp. of Ontario is allocating 20 per cent of its portfolio to climate solutions by 2030, aiming to reduce its carbon emissions by 50 per cent compared to 2019, according to a new report by the investment organization. In a press release, Rossitsa Stoyanova, the IMCO’s chief investment officer, said the investment […]
The majority (80 per cent) of Canadian employees say they consider a small- and medium-sized employer’s health benefits before accepting a new role and 73 per cent of SME workers with a benefits plan say they’d stay with their current employer even if they were offered more money elsewhere, according to a new survey by Blue Cross […]
The British Columbia Investment Management Corp. is part of an investing group backing a new financial operator from Centerbridge Partners and Wells Fargo & Co. The new entity, Overland Advisors, will oversee the creation of senior secured loans for middle-market companies. The BCI is part of a $2 billion initial equity commitment. “Direct lending provides […]
The median solvency ratio of defined benefit pension plans in Canada increased during the third quarter of 2023, according to separate reports from Mercer and Aon. Mercer’s report showed median solvency ratio rose from 119 per cent at June 30 to 125 per cent at Sept. 30, according to Mercer’s latest pension health pulse. The report, […]
Only 17 per cent of U.S. employees aged 50-plus and 23 per cent of retirees are very confident they’ll be able to maintain a comfortable lifestyle throughout retirement, according to a new survey by the Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute. The survey, which polled more than 10,000 U.S. employees, […]
As sustainable investing continues to gain widespread acceptance among institutional investors, full integration is projected to surge in the next five years, according to a new study conducted by Coalition Greenwich and commissioned by AGF Investments. It found nine in 10 institutional investors in North America and Europe expect to be investing sustainably or working […]
The average cost of employer-sponsored health benefits in Canada is expected to decline to five per cent in 2024, down from 7.5 per cent in 2023, according to a report by Aon. The report, which is based on insights from more than 100 global Aon offices that broker, administer or advise on employer-sponsored medical plans, found […]