The Canada Pension Plan Investment Board is investing US$300 million in a British alternative energy company. According to the terms of the strategic partnership agreement, the CPPIB’s initial capital contribution will be used to fund the expansion of the Octopus Energy Group’s Kraken platform, a licensed software used to grow the company’s retail strength and […]
While nearly half (47 per cent) of global human resources leaders said their company supports employee well-being, just 24 per cent of employees agreed, according to a new survey by Achievers Workforce Institute. The global survey, which polled more than 2,000 employees and 950 HR leaders from Australia, Canada, the U.K. and the U.S., found […]
Pinterest is expanding its parental and fertility benefits offerings, including the addition of two rounds of in vitro fertilization and egg freezing. The social media company’s enhanced benefits — available to all employees worldwide — also include a minimum of 20 weeks of parental leave for all parents, while adoptive parents will now have 20 weeks […]
A new report by the Ontario government’s advisory committee on the future of work is recommending the introduction of a new portable benefits program. The Ontario Workforce Recovery Advisory Committee, which delivered its interim report this summer, set out 21 recommendations, including supporting workers who fall outside the purview of traditional benefits programs. The report […]
With many employers eyeing a return to the office in 2022, it’s no surprise a story looking at how the City of Toronto and a range of national banks are rolling out return-to-workplace plans took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. City […]
The Canada Pension Plan Investment Board is entering a joint venture to develop, acquire and manage rental communities in the U.S. The agreement, between the CPPIB and Greystar Real Estate Partners, involves a combined capital commitment of US$840 million. Profits from the joint venture will be unevenly split, with the CPPIB entitled to a 95 […]
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 […]