Institutional investors are moving away from standard environmental, social and governance factors, according to a new report by Morningstar Inc. The report, which took responses from in-depth interviews with 25 investors around the world, found there’s an ongoing commitment to sustainability, but less interest in keeping ESG investments. Indeed, some investors are even combining social […]
The Canada Pension Plan Investment Board is selling an office asset portfolio based in Western Canada to Oxford Properties, the global real estate arm of the Ontario Municipal Employees’ Retirement System. The deal will see it transfer a 50 per cent interest in the portfolio, which includes seven downtown office properties in Calgary and Vancouver, […]
The Canadian National Railway Co. is appointing Frederic Bessette as director of compensation strategy. Before taking a career break between October 2024 and May 2025, he was director of total rewards at Canfor Forest Products Ltd. In that role, he led the organization to a win at Benefits Canada‘s 2021 Workplace Benefits Awards in the […]
An article on how diversity, equity and inclusion strategies are changing was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Is DEI dead, rebranding or undergoing a natural evolution? 2. Canadian employees’ well-being declines in 2024: report 3. […]
Sadie Janes, an associate editor at Benefits Canada, has won the top prize in the DEI Reporting category at the National Magazine Awards: B2B. The winning piece appeared in the June 2024 issue of the magazine. If you missed it, read it here: A look at what’s next for inclusive employee benefits Benefits Canada was […]
A respectful workplace (70 per cent), extended health coverage (56 per cent) and flexible work options (42 per cent) are helping Canadian employees feel supported at work, according to ADP Canada Co.’s monthly Happiness@Work index. The organization’s national work happiness score for May was 6.8/10, a 0.1-point increase from April and a 0.2-point increase from […]
The Healthcare of Ontario Pension Plan is appointing Reena Carter as chief financial officer effective Aug. 1, 2025. Most recently, she was senior managing director of portfolio management and operations at the Ontario Municipal Employees’ Retirement System. Previously, she held senior finance and audit roles at the OMERS, such as head of investment finance and […]
More than two-thirds (69 per cent) of Canadian employers operating with a hybrid work model say they’re confident their businesses will grow in 2025, despite economic uncertainty and the pressure of rising costs, according to a new survey by the International Workplace Group. The survey, which polled more than 400 senior business leaders across Canada […]
Canadian pension plans saw a median return of 1.23 per cent for the first quarter of 2025, according to a new report from CIBC Mellon. It also noted a median one-year return of 9.21 per cent and a 10-year annualized return of 6.46 per cent for the average Canadian pension plan. Based on $328 billion […]
The Association of Canadian Pension Management is recommending a few amendments to the Pension Benefits Standards Act, including the required disclosure to spouses and electronic communications with plan beneficiaries. In a letter to the Department of Finance, the ACPM noted the PBSA currently requires information that’s provided to a plan member or former member — […]