The median Canadian defined benefit pension plan returned 2.8 per cent during the last quarter of 2022 after facing losses of 12.8 per cent over the course of the year, according to a new report by Northern Trust Canada. The report draws from the Northern Trust Canada universe, which tracks the performance of Canadian DB plans. […]
Employees aged 40 and younger are 60 per cent more likely than workers aged 50 and older to lack confidence in their ability to cope with stressors at work, according to LifeWorks Inc.’s latest mental-health index. The survey’s respondents reported an overall mental-health score of 64.6, up slightly from 64.3 in November. The sub-scores for anxiety […]
More than two-thirds (69 per cent) of employees say their manager impacts their mental health as much as their spouse or partner, according to a new survey by human resources consultancy UKG. The survey, which polled 2,200 employees from around the world, found 70 per cent of respondents said their employer needs to do more […]
An article on how British Columbia’s amended definition of provision for adverse deviation will impact the province’s target-benefit pension plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. B.C.’s amended PfAD to provide more flexibility to target-benefit pension plans: experts 2. BNP Paribas expanding […]
The Caisse de dépôt et placement du Québec is partnering with an asset manager to provide a credit facility to an electric vehicle subscription service. Through its partnership with Pollen Street, an alternative asset management firm, the investment organization has established a $153-million line of credit for Onto, a U.K.-based company that provides its subscribers […]
Nearly two-thirds of institutional investors say they’re planning to increase their allocations to real assets over the next two years, amid a backdrop of inflation and sustainability challenges, according to a survey by Aviva Investors. The survey, which polled 500 institutional investors from around the world, found nearly half (47 per cent) said they have […]
A new retirement plan design could allow more public employees in the U.S. to accrue retirement benefits regardless of their length of service, according to a report by think tank the Reason Foundation. The plan, which blends elements of defined contribution and defined benefit pension plans, focuses on providing employees with the target retirement income […]
Nearly two-thirds (64 per cent) of U.S. employers are planning to increase their spend on employee wellness programs, according to a new survey by Wellable. The survey, which polled roughly 200 health insurance brokers and wellness consultants, found respondents expect employers to prioritize benefits related to mental health (91 per cent), stress management and resilience […]
The Ontario Teachers’ Pension Plan is setting higher expectations for increased participation of women in board roles at large-cap companies in 2023. The pension fund’s proxy voting guidelines advocate for large-cap companies on developed market indices to increase the number of women directors on their boards to a minimum of 40 per cent, up from […]
The majority (80 per cent) of frontline employees who say they feel supported and understood by their manager plan to stay in their current role, according to a global survey by Lighthouse Research & Advisory on behalf of software company Workday Inc. The survey, which polled more than 3,000 workers, found a supportive manager can […]