Just 53 per cent of Black employees and 45 per cent of Latino employees are participating in a U.S. workplace retirement plan, compared to 66 per cent of white employees and 62 per cent of Asian employees, according to a new survey by Voya Financial Inc. The survey, which analyzed data from U.S. workplace retirement plans […]
Canadian defined benefit pension plans generated a median return of four per cent in the first quarter of 2023, up from 3.8 per cent in the fourth quarter of 2022, according to the RBC Investor and Treasury Services’ universe. The most substantial increase among asset classes was foreign equities, which returned 6.9 per cent for […]
The majority (70 per cent) of Canadian hybrid employees say they’re more productive than they were prior to the coronavirus pandemic, noting they have more time to relax after work (48 per cent) and enjoy work more (46 per cent), according to a new survey by IWG. The survey, which polled more than 1,000 Canadians […]
An article on two upcoming executive departures at the Ontario Pension Board was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ontario Pension Board preparing for departure of two top executives 2. Communication, education key to smooth transition to biosimilars: expert 3. 71% of Canadian employees […]
The Canada Pension Plan Investment Board is supporting an effort to spin off the steel-making side of an investee mining company despite previously saying it would oppose the measure. The board-backed proposal, which was approved at Teck Resources Inc.’s annual general meeting, called for the company to consider spinning off its steel-making business as a […]
The British Columbia Investment Management Corp. is leveraging its size and influence to drive environmental, social and governance improvements across its portfolio, according to the investment organization’s 2022 ESG annual report. “We believe, as do our clients, that ESG matters, makes a difference and translates to meaningful distinctions in a company’s ability to generate long-term […]
Canadian generation Z employees experienced a decrease in happiness of 0.4 points in April, according to a new survey by ADP Canada. The survey, which polled more than 1,200 employees, found that, on a scale of one to 10, baby boomers reported the highest happiness score (7.3), followed by millennials (6.6), generation X (6.5) and […]
Around a third of Canadians report their physical health (30 per cent), mental health (32 per cent) and financial situations (34 per cent) have worsened or significantly worsened over the past two years, according to a new survey conducted by Environics Research and commissioned by Dialogue Health Technologies Inc. The survey, which polled more than 1,500 Canadians, […]
Most institutional investors say they’ve increased their reliance on content from social media in the investment decision-making process after adopting hybrid working environments, according to a new survey from Coalition Greenwich and commissioned by LinkedIn. The survey, which polled 232 senior investment professionals at pension funds, insurance companies, endowments, foundations and family offices in the […]
More than half (58 per cent) of U.S. employees say they’re significantly worried about one or more aspects of their personal finances, including saving for retirement and building emergency savings, according to a new survey by John Hancock Financial. In addition, with the market declines across asset classes in 2022, 70 per cent of survey respondents […]