A third (33 per cent) of Americans nearing retirement say they’re already drawing down their social security benefits, according to a survey by Allspring Global Investments. The survey, which polled more than 1,500 near-retirees and more than 1,200 retirees, found one in four retirees said they retired early due to job loss or a health […]
The Pension Investment Association of Canada is urging the federal government to reconsider the cessation of real return bond issuances, citing potential financial impacts to defined benefit pension plans and members. In an open letter to the Ministry of Finance, the PIAC said the decision was made “without fulsome consultation or warning” and impacts pension […]
The Caisse de dépôt et placement du Québec received the highest mark in a report card grading the climate strategies of the 11 largest public pension investment organizations in Canada. The Caisse’s strategy, which received a B+ from Shift Action for Pension Wealth and Planet Health, was praised for including provisions to divest its portfolio […]
Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan, is redeveloping the former home field of the Winnipeg Blue Bombers into a mixed-use space. The investment organization is partnering with Shindico Realty Inc. to transform Polo Park, which housed Canad Inns Stadium from 1953 until 2013. The site was acquired by Cadillac […]
Employees who feel like they don’t belong at their workplace are 59 per cent more likely to consider quitting their job due to mental-health concerns, according to a new survey by LifeSpeak Inc. The survey, which polled 1,000 employees and 1,000 human resources professionals, found nearly two-thirds (61 per cent) of employees who reported a […]
Starbucks Corp. is requiring its white-collar employees to work from the office at least three days per week starting Jan. 30. According to a report by CNBC, employees within commuting distance of the company’s Seattle head office will be required to work onsite Tuesdays, Wednesdays and a third day to be determined by their team. […]
The British Columbia Investment Management Corp. is acquiring a battery storage provider. The investment organization will acquire Eku Energy from Macquarie Asset Management. The company designs electrical storage systems and operates a portfolio of these in projects in Australia, Europe and Japan. In the release, Lincoln Webb, executive vice-president and global head of infrastructure and […]
The world is entering an unpredictable period defined by increasing fiscal policy use, decreasing global trade and higher inflation and interest rates, according to a new research paper by the Investment Management Corp. of Ontario. “At IMCO, we believe that these global trends are leading us towards a new era of investing, one where it […]
Sales of U.S. workplace supplemental health insurance products totalled US$2.1 billion in the first nine months of 2022, rising 11 per cent year over year, according to a new survey by LIMRA. It also found workplace supplemental health insurers reported a combined total of $453 million in the third quarter of 2022, three per cent […]
Microsoft Corp. is providing its full-time U.S. employees with unlimited time off, effective this week. The policy, which will only apply to salaried U.S. workers, will be available to these employees as soon as they join the company, according to a report by technology news website the Verge. Employees who have an unused vacation balance will […]