Members of the New Brunswick Public Service Pension Plan are receiving a cost-of-living adjustment that doesn’t cover increases in the cost of living in Canada. According to a press release, the $6.6 billion hybrid pension plan’s board of trustees voted to award its 40,000 members with a 5.24 per cent COLA, set to begin on […]
The world’s largest pension funds saw assets increase by 8.9 per cent in 2021, according to a report by WTW’s the Thinking Ahead Institute. The report, which drew on data from the 300 largest pension funds in the world, found these funds’ combined assets under management reached US$23.6 trillion by the end of 2021. The […]
A development backed by the OPSEU Pension Trust is the beneficiary of the largest federal loan to a First Nations economic partnership in Canadian history. The Sen̓áḵw development project, in which the OPTrust has a 20 per cent stake, aims to construct 6,000 homes in Vancouver’s Kitsilano neighbourhood. It has received a $1.4 billion federal […]
Despite President Joe Biden’s new student loan forgiveness program, nearly two-thirds (60 per cent) of U.S. employers that currently offer a student loan repayment program won’t be changing their policy, according to a survey by the International Foundation of Employee Benefit Plans. The survey, which polled more than 300 U.S. employers, found the majority (74 […]
Married women are more likely to say they’re confident they’ll have enough money to live comfortably throughout their retirement years than both divorced and single, never-married women, according to a new survey by the U.S.-based Employee Benefit Research Institute. It found married women (80 per cent) are more likely to have a workplace retirement savings […]
The Caisse de dépôt et placement du Québec is appointing Nicholas Rubbo as managing director of Espace CDPQ, its venture capital hub. In the new role, Rubbo will work to expand Espace CDPQ, which aims to attract partners interested in making joint investments in Quebec companies. To date, it has secured capital investments of $8.6 […]
The Ontario Teachers’ Pension Plan is allocating $5 billion to businesses with high-carbon emissions, according to its annual responsible investing and climate strategy report. “Recognizing the urgency of the climate crisis, we have committed to actively investing in select emissions intensive assets with the express goal of helping them decarbonize faster,” wrote Zlad Hindo, chief […]
The Ontario Municipal Employees’ Retirement System is appointing Irini Kalamakis as senior managing director and global head of strategic partnerships. In the new role, Kalamakis will join OMERS Infrastructure’s global management committee and report to Annesley Wallace, global head of infrastructure, according to a press release, which also noted she’ll be responsible for expanding the […]
Lyft Inc. is the latest employer to reduce its physical office space amid a shift to remote work. The ride-share company will sublease a portion of its corporate offices in San Francisco, New York City, Seattle and Nashville, according to a report by Bloomberg, citing a person familiar with the matter. Roughly 44 per cent […]
Telus Corp. has completed its previously announced acquisition of LifeWorks Inc. With the completion of the $2.9 billion transaction, LifeWorks has become a wholly owned subsidiary of Telus and will be integrated into Telus Health, according to a press release. Read: Telus acquiring LifeWorks for $2.9 billion “We are excited to be joining the Telus Health […]