Central bankers in developed economies are downplaying the risk of long-term inflation rises, according to a new paper by the Fraser Institute. “Absent a sharp reversal of central bank programs of quantitative easing, forecasts that inflation will return to the two per cent target rate of central banks by mid-2022 at the latest are likely […]
Almost three-quarters (73 per cent) of global institutional investors expect interest rates to rise in 2022, according to a new outlook survey by Natixis Investment Managers. Concern about rising interest rates were also reflected in responses to questions about investment decision-making, with 71 per cent of respondents saying they believe the stock market’s current rate […]
More than three-quarters (78 per cent) of U.S. employees said they want their employer to offer paid leave after adopting a new pet, according to a new survey by LiveCareer. The benefit was more popular among millennial workers (82 per cent) than their older counterparts (73 per cent). In addition, 77 per cent of all […]
Arthur J. Gallagher & Co. is completing its acquisition of Willis Towers Watson’s global reinsurance business, Willis Re. The US$3.25 billion transaction was first announced in August and was finalized earlier this month. Together with Gallagher’s existing reinsurance operations, the combined businesses will trade as Gallagher Re from more than 70 offices across 31 countries and incorporate 2,400 […]
The Canada Pension Plan Investment Board is making two senior appointments. The organization is appointing Maximilian Biagosch as its senior managing director, Europe regional head and head of direct private equity and Agus Tandiono as its senior managing director, regional head and head of fundamental equities Asia. The promotions comes as part of a strategy […]
The Canadian Investment Review is pleased to announce the finalists for the second annual Pension Leadership Awards. This year, the awards welcomed more than 20 applications highlighting the actions of leading figures and organizations within the pension sector. In the preliminary judging phase, three finalists were chosen for each award category. Read: Announcing the winners of […]
Despite muted investment returns in the third quarter of 2021, capital accumulation plan member outcomes improved as annuity rates continue to rise, according to Eckler Ltd.’s latest CAP income tracker. It found a typical male CAP member retiring at age 65 at the end of September achieved a gross income replacement ratio of 59.5 per […]
Five years after Ontario’s auditor general uncovered an issue with the way the province was including pension assets in its financial statements, the office is proposing changes related to accounting in defined benefit pension plans. The auditor general’s 2016 annual report revealed a deficit of $5 billion, while the province’s government set the deficit at […]
Paid sick days for employees continues to be a hot topic as the coronavirus pandemic rages on, with the top two stories over the past week focusing on legislation that’s tackling the issue at the federal and provincial levels. Here are the five most popular news stories of the week: 1. B.C. giving workers five paid sick […]
The Ontario government is requiring employers with 25 or more employees to draft a right-to-disconnect policy. The legislation, which passed on Nov. 30 but is yet to receive royal assent, means employers will be required to establish a written policy about employees disconnecting from their job at the end of the workday. The Progressive Conservative Party of […]