A consortium including several of Canada’s largest institutional investors is acquiring an Australian energy network. The Alberta Investment Management Corp., the Healthcare of Ontario Pension Plan, the Investment Management Corp. of Ontario and the Public Sector Pension Investment Board have joined a consortium acquiring AusNet Services Ltd. The company, which has infrastructure assets worth about […]
While 68 per cent of employers said they’ve enhanced their well-being value proposition as a result of the coronavirus pandemic, only 51 per cent of employees believe their employer is focused on supporting their total well-being, according to a new survey by Buck. The survey, which polled nearly 700 U.S. employees and more than 200 […]
The Canadian Association of Pension Supervisory Authorities is establishing a new committee with a mandate to develop a risk management guideline for pension plans. The committee has been established in response to the International Monetary Fund’s call to regulators to strengthen their oversight of large pension plans and gain a greater understanding of vulnerabilities in […]
A story on KPMG in Canada helping staff refresh and recharge by making every weekend a long weekend this summer took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. KPMG is turning every weekend into a long weekend for employees this summer 2. University Pension Plan […]
Nearly a third (31 per cent) of employees believe flexible hours and more sick days are the support tools they need most from employers as they endure the ongoing coronavirus pandemic, according to a survey by Pollara Strategic Insights in partnership with Canadian Imperial Bank of Commerce, Enterprise Canada and Prosperity Project. The survey, which […]
Almost half (46 per cent) of employers say their organizations currently lack clear benefits, recognition and rewards strategies, according to a new survey by Arthur J. Gallagher & Co. The survey — which polled more than 1,300 employers globally, including almost 600 in North America and around 100 in Canada — found, while 54 per cent said they […]
The average Ontario defined benefit pension plan is in the best funded position since December 2009, according to the Financial Services Regulatory Authority of Ontario’s latest quarterly solvency report. It found 81 per cent DB plans had a solvency ratio greater than 100 per cent at the end of 2021, compared to 67 per cent […]
The Financial Services Regulatory Authority of Ontario is consulting on proposed pension benefits guarantee fund assessment deadlines and calculations guidance, which is designed to assist plan administrators in maintaining compliance with the Pension Benefits Act. The proposed guidance includes: that the deadline for paying the assessment is nine months after the fiscal year end, whether the pension plan […]
The Public Sector Pension Investment Board is publishing a green bond framework, which is aligned with existing standards in green bond and sustainable debt markets. Green bonds will provide a new tool in PSP Investments’ toolkit to support strong financial performance and responsible investment outcomes, noted a press release. It also said the framework will […]
Community Living York South is joining the Colleges of Applied Arts and Technology pension plan’s DBplus. “After much research and consultation, we felt it was the right move for our organization at this time,” said Steven Klein, acting executive director of the non-profit organization serving the southern part of York Region, in a press release. […]