Pension assets grew to US$61.5 trillion by the end of 2024, with a nominal growth rate of 8.5 per cent since the end of 2023, according to a new report from the Organisation for Economic Co-operation and Development. The final tally for 2024 beat the previous record of $59.7 trillion in 2021, due to significant […]
Nearly half (48 per cent) of U.S. employees say they expect to retire with less than US$500,000 even though they believe they’ll need $1.28 million, according to a new survey by Schroders. It found a quarter (26 per cent) of respondents expect to retire with less than $250,000, while just 30 per cent believe they’ll […]
Burnout is widespread among U.S. workers, with nearly seven in 10 reporting at least one symptom, according to a new survey by Seramount Inc. The survey, which polled 1,000 U.S. employees working at organizations with 500 or more staff, found the problem is most acute among younger employees, with around three-quarters of millennials (77 per […]
The global real estate arm of the Ontario Municipal Employees’ Retirement System is breaking ground in a purpose-built rental project located in Scarborough, Ont. As part of the project’s development, Oxford Properties Group received a $650 million rental housing construction loan through the Canada Mortgage and Housing Corporation’s apartment construction loan program. The development will […]
Canada’s Drug Agency is seeking feedback on a national bulk purchasing strategy for prescription drugs and related products. Under the federal Pharmacare Act, the CDA is convening a panel that will develop advice on a national bulk purchasing strategy and is inviting interested parties to provide input on the proposed advice, particularly on approaches that […]
The Public Service Superannuation Plan is reporting a one-year investment return of 7.03 per cent, which pushed its net investment income to $562 million during the fiscal year ending March 31, 2025. The investment performance beat the actuarial assumed rate of return of 6.50 per cent but didn’t clear its policy benchmark’s return of 9.21 […]
The Healthcare of Ontario Pension Plan is appointing Linda Halley as chief risk officer. Halley has been at the HOOPP for 24 years with different roles overseeing operational planning, financial reporting and accounting. Most recently, she was interim chief financial officer at the investment organization. She replaces departing risk leader Saskia Goedhart. Read: HOOPP appointing […]
Nearly half (47 per cent) of U.S. workers say they’ve thought about leaving their job because their employer’s actions didn’t reflect its stated values, according to a new survey by Resume Now. The survey, which polled 1,000 U.S. employees, found another 36 per cent said they stayed silent about unethical behaviour to protect themselves, while […]
The Alberta Investment Management Corp. is appointing Justin Lord as chief investment officer, effective immediately. Lord has been at the AIMCo since 2012 where he has experience overseeing public equities and fixed income teams. Most recently, he was promoted to senior executive managing director and global head of public markets following the departure of Marlene […]
The Caisse de dépôt et placement du Québec, the British Columbia Investment Management Corp. and the Ontario Teachers’ Pension Plan were given perfect marks for their governance, sustainability and resilience practices in a new report from Global SWF LLC. The report ranked 200 global institutional investors based on 25 elements split among governance (10 points), […]