The Canadian Association of Pension Supervisory Authorities is seeking feedback on three risk management guidelines. The guidelines will cover pension plans’ use of leverage, cyber risks and environmental, social and governance considerations. In a letter to stakeholders, the CAPSA said it may incorporate these guidelines into a single risk management document that will also cover […]
A fund backed by the Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System is buying a stake in Indian road projects. Brookfield Asset Management Inc. is selling five road projects valued at $1.5 billion to an infrastructure investment trust — the IndInfravit Trust — partially owned by the two Canadian pension […]
A coalition of global pension funds with combined assets of more than $1.25 trillion is launching an initiative to push back against the rise of dual-class shares. The Investor Coalition for Equal Votes aims to advocate proportionate shareholder voting and the prevention of dual-class share structures without strict mandatory time-based sunset clauses. Its members are concerned […]
The union representing 120 employees at Metro Inc. warehouses in Ottawa has ratified a five-year agreement that includes multiple benefits gains. The agreement includes a 100 per cent increase for vision starting in 2023 — up to $500 per member and dependants — and a $1,000 increase to major dental care coverage, up to $2,500 […]
More than two-fifths (45 per cent) of employees who work remotely or in a hybrid arrangement say their teams’ performance improved during the past two years, while just a third (34 per cent) of onsite workers feel the same, according to a survey by Eagle Hill Consulting Ltd. The survey, which polled more than 1,000 […]
While 88 per cent of global executives say their organizations use succession planning, 74 per cent report their organizations often or always hire external candidates for leadership roles as opposed to promoting from within, according to a new survey by Ceridian HCM Inc. The survey, which polled 2,000 global leaders, found a third (35 per […]
Pension and retirement plan members in Newfoundland and Labrador can now designate beneficiaries through electronic means. The amendment allows individuals to name beneficiaries electronically for certain types of plans, including a workplace pension, retirement, welfare or profit-sharing fund or plan, a registered retirement income fund, a registered retirement savings plan or a tax-free savings account. […]
The Healthcare of Ontario Pension Plan is increasing its lifetime pension for all active plan members effective Jan. 1, 2023. As an example, under the latest increase, members working full time with average earnings of $60,000 and 10 years of service in the plan before 2023 will receive an extra $1,310 per year from their lifetime pension once they retire. Members […]
Employees at Candu Energy Inc. were given just one business day’s notice to return to full-time onsite work, according to the union representing engineers, scientists and technicians at the company. The decision came in the midst of a labour dispute with employees represented by the Society of Professional Engineers and Associates, who began striking at the […]
The International Centre for Pension Management is appointing Sebastien Betermier as its next executive director. Betermier, who is currently an associate professor of finance at the Desautels Faculty of Management at McGill University, will succeed Rob Bauer, professor of finance at the School of Business and Economics at Maastricht University, who’ll be stepping down from […]