A new report is urging pension plan sponsors and other institutional investors to ensure the resilience of their portfolios in a number of different inflationary scenarios. The report from Mercer argued inflation rises spurred by the coronavirus pandemic and widespread monetary easing are balanced by several disinflationary forces, like globalization. Geopolitical tensions, however, could upset […]
New Brunswick’s auditor general is reigniting a dispute with the an independent public sector asset manager responsible for investing on behalf of pension plans jointly sponsored by Crown corporations. In a report, Paul Martin, the province’s auditor general, expressed concerns that Vestcor Investment Management Corp., which provides administration services for 11 public sector pension plans and […]
The Canada Pension Plan Investment Board is selling its stake in a U.K. wireless utilities provider. Through the deal reached with Digital 9 Infrastructure, an investment fund from Triple Point Investment Management, the investment organization will receive $585 million for its stake in the Arqiva Group Ltd. The transaction, which is subject to customary conditions […]
A third (34 per cent) of Canadians say their employer doesn’t provide training or support to deal with workplace conflict, while another 20 per cent say they’re experiencing increased aggression at work, according to LifeWorks Inc.’s latest mental-health index. The survey’s respondents reported an overall mental-health score of 64.9, up slightly from 64.8 in April. […]
The union representing roughly 100 employees at Pilkington Glass in Whitby, Ont. has ratified a three-year agreement that includes benefits and pension gains. Members of Unifor Local 222 voted 84 per cent in favour of ratifying the agreement, which includes a short-term disability weekly benefit of $400 and two paid personal emergency leave days per […]
Two-fifths (40 per cent) of U.S. employees and one in five U.K. workers say their employer has introduced new childcare programs or subsidies over the past year, according to a survey by software company Beqom. The survey, which polled 2,000 employees in the U.K. and the U.S., found 45 per cent of U.S parents and 42 […]
Benefits Canada is extending the deadline for entering the 2022 Workplace Benefits Awards to Friday, July 8 at 5 p.m. EST. The annual awards recognize employers and plan sponsors that are leading the way with their approaches to supporting the mental, physical and financial well-being of their employees. Enter the 2022 Workplace Benefits Awards today. This year’s […]
Eight in 10 (83 per cent) North American workers are looking for more non-health benefits from their employer, according to a survey by Ceridian HCM Inc. The survey, which polled more than 3,000 workers in Canada and the U.S., found while 86 per cent said they have access to at least one type of non-health […]
An article on Stelco Inc.’s $1.3 billion annuity buy-in for one of its defined benefit pension plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Stelco entering $1.3BN annuity buy-in for DB pension 2. KPMG allowing employees to work remotely from another province, country […]
The Ontario Municipal Employees’ Retirement System is acquiring an Australian developer owner and operator of telecommunications towers. Following the acquisition, the OMERS will consolidate the Stilmark Group with another telecommunications tower business it bought from TPG Telecom Ltd. in May. The assets will be managed by OMERS Infrastructure, which also manages a number of Australian assets, […]