Roughly a third (29 per cent) of Canadian employees say they used all of their vacation time in 2022, a slight improvement from 2021 (27 per cent), but well below 2019 (48 per cent), according to a new survey by Maru Public Opinion for ADP Canada Co. The survey, which polled more than 800 Canadian workers, […]
Canadians’ total pension wealth increased by 7.9 per cent in 2021 to reach nearly $4.9 trillion by the end of year, according to a new report by Statistics Canada. It found revaluations of pension asset prices — largely due to equity market gains — increased pension wealth by $259.4 billion in 2021. On average, pension […]
A bill intended to provide defined benefit pension plan members with super-priority should be a major concern for Canadian DB plan sponsors, according to LifeWorks Inc.’s latest monthly pension indices report. “While the goal of [Bill C-228] is to protect the pensions of members and retirees in the event of a company’s insolvency, it could […]
The Public Sector Pension Investment Board is investing in a Norwegian offshore wind service company. The investment organization and asset management firm Sandbrook Capital Management are injecting US$250 million into Havfram. The funding will be used to cover a portion of the costs of building a fleet of vessels capable of installing 300 metre wind […]
Workplace pension plans alone aren’t providing adequate retirement income for U.S. government employees, according to a new report by the National Institute on Retirement Security and Aon. It found U.S. state and local employees in a typical public defined benefit pension plan need to save roughly four to six per cent of their salary on their […]
More than two-thirds (70 per cent) of human resources professionals say their employer lacks a diversity, equity and inclusion governance framework or has a DEI framework with unclear accountabilities, according to a survey by McLean & Co. The survey, which polled about 1,000 HR professionals across the globe, found more than half (57 per cent) said they don’t […]
More than two-thirds (67 per cent) of U.S. employees say concerns about a recession are impacting their mental health, according to a new survey by Principal Financial Group. The survey, which polled 500 employers and 200 employees, found this percentage increased among millennials (79 per cent) and generation Z (76 per cent). Nearly three-quarters of […]
While the vast majority (85 per cent) of institutional investors believe the economy is in a recession or will enter a recession next year, two-thirds (65 per cent) think stagflation is the bigger risk ahead, according to a survey by Natixis Investment Managers. The survey, which polled 500 institutional investors across the globe, found more than half […]
Canada ranks No. 39 out of 43 countries for vacation day offering, tied with Costa Rica and Japan, according to a new report by Comparethemarket.com. The report, which analyzed countries’ overall work-life balance, found on average, Canadian employees receive just 10 paid days of vacation per year. By comparison, Austria, Finland, France and Spain all […]
The Ontario Teachers’ Pension Plan is jointly acquiring and consolidating two online presence companies alongside an investment fund. The investment organization and its partner, Cinven Inc.’s seventh investment fund, will acquire Group One and the Dogado Group, two European online presence service providers. Following the acquisitions, both companies will be reorganized into a single business. […]