A private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments survived its first reading in the House of Commons. Bill C-315, submitted by New Democratic Party member Alistair MacGregor, would amend the Canada Pension Plan Investment Board Act by prohibiting investments in any entity if there are reasons to believe […]
The majority (85 per cent) of Canadian employees say they’re interested in jobs that offer hybrid or fully remote working arrangements, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 1,100 workers, found 73 per cent of employees who could work when and where they’re most productive put […]
The Federal Court’s ruling that the termination of long-term disability benefits for Air Canada employees eligible to receive unreduced pension benefits doesn’t amount to age discrimination was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Termination of LTD benefits for Air Canada workers eligible […]
The Canada Pension Plan Investment Board is appointing Maximilian Biagosch as senior managing director and global head of real assets. Biagosch joined the CPPIB in 2015 and most recently served as senior managing director and head of Europe and direct private equity. In his new role, he’ll continue to serve as the CPPIB’s head of […]
Marlene Puffer, chief investment officer of the Alberta Investment Management Corp., believes many public market asset classes are under-priced as a result of inflation and interest rate hikes in 2022. “The persistent rise in inflation caught many central banks off guard, forcing them to undertake the most aggressive interest rate hiking cycle seen in decades,” […]
Nearly all (98 per cent) U.S. employees believe it’s important for their employer to provide a retirement savings plan, according to a new survey by Vestwell Inc. The survey, which polled roughly 1,300 employees and 250 employers, found nearly three-quarters (72 per cent) of employees said they expect employers to offer a 401(k) or 403(b) […]
Global pension assets fell 16.7 per cent to US$47.9 trillion in 2022, driven largely by a correction in fixed income and equities markets, according to a new report by WTW’s Thinking Ahead Institute. While the report found Canada’s pension asset values dropped by about 18 per cent in 2022, as of last August, it held roughly six […]
The vast majority (91 per cent) of U.K. organizations participating in a four-day workweek pilot project say they’ll continue with a four-day workweek after the project, according to non-profit 4 Day Week Global. The pilot program, which was conducted in the U.K, guided more than 60 organizations and almost 3,000 workers through a six-month trial […]
Walmart will require most of its U.S.-based technology staff to return to their assigned offices for at least two days each week, according to a report from the Wall Street Journal. The retailer is also closing its technology hubs in Carlsbad, Cali., Portland, Ore. and Austin, Tex. As part of the office closures, Walmart is asking hundreds […]
The OPSEU Pension Trust is selling its stake in an environmental waste management company. The OPTrust, which first bought an equity stake in Environmental 360 Solutions Inc. in 2020, is one of several institutional investors selling its shares to Blackrock Inc.’s alternatives fund. Environmental 360 Solutions Inc. is an end-to-end environmental management solutions provider to municipal […]