While 85 per cent of employees believe workplace perks are as important or more important to them now than before the coronavirus pandemic, 65 per cent said their employer hasn’t added any new perks since the pandemic’s onset, according to a new survey by workplace management platform Robin Powered Inc. The survey, which polled nearly 600 full-time employees, […]
The Healthcare of Ontario Pension Plan is investing in a Toronto-based fintech company offering an alternative to payday loans. The HOOPP joined the Business Development Bank of Canada as a participant in a $210 million funding round for Koho Financial Inc. The funds raised will be used to expand Koho’s workforce from 250 to 400 […]
The Colleges of Applied Arts and Technology Pension Plan is expanding the definition of who can qualify to receive benefits as disabled or as a dependant child under its plan. Effective Dec. 1, 2021, the CAAT’s DBprime plan design was amended to remove the requirement that a member must be receiving benefits from an employer’s long-term […]
The median return of Canadian defined benefit pension plans was 4.11 per cent for the fourth quarter of 2021, the seventh consecutive positive quarterly return following the initial reaction to the coronavirus pandemic in the first quarter of 2020. BNY Mellon Asset Management Canada Ltd.’s master trust universe, which comprises 84 Canadian corporate, public and […]
A deep dive into how AstraZeneca is helping employees keep socially connected and engaged as year three of the coronavirus pandemic looms took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. How AstraZeneca is boosting employee connection, engagement amid pandemic 2. Survey finds majority of […]
Morningstar Inc. is appointing Tom Kuh as its first global head of environmental, social and governance strategy. In the newly created role, Kuh will be responsible for advancing the Chicago-based financial services firm’s strategy to accelerate growth while harnessing its broad ESG strengths. He’ll report to Rolf Agather, head of research and product. Read: Mark Carney […]
The large majority of institutional investors believe structured credit serves as an attractive alternative to fixed income, according to a new survey by Aeon Investments. The survey, which polled 100 institutional investors in Europe, the U.S. and the U.K., found 87 per cent of pension funds and other institutional investors believe that, in addition to […]
More than 100 global institutional investors and asset managers are committing to a project that seeks to standardize environmental, social and governance metrics to provide a mechanism for comparative reporting in the private equity industry. The ESG Data Convergence Project, which was launched in September 2021, now includes commitments from the British Columbia Investment Management […]
The Caisse de dépôt et placement du Québec and Fondaction are committing $4.5 million to a Canadian venture capital fund dedicated to Black-led businesses. BKR Capital, formerly known as Black Innovation Capital, is opening an office in Montreal at Espace CDPQ, a venture capital hub created by the Caisse. Launched in 2021, the fund aims to invest […]
The majority (69 per cent) of employed generation Z and millennial Canadians are struggling with anxiety, while 59 per cent are dealing with depression, according to a new survey by Ipsos for RBC Insurance. The survey, which polled more than 1,500 employed Canadians aged 18 and over, found those aged 18 to 34 were significantly […]