The Alberta Investment Management Corp. saw returns of 1.7 per cent during the third quarter of 2021, according to its quarterly report. Between July and the end of September, the AIMCo saw the value of its assets rise from $123.4 billion to $130.1 billion, beating its benchmark of 0.9 per cent. On a year-to-date basis, the […]
The Canada Pension Plan Investment Board is recapitalizing an expanding packaging business. The institutional investor has signed an agreement with the U.S.-based Berlin Packaging, a supplier of glass, plastic and metal containers with annual revenues of about US$2.5 billion. Private equity firm Oak Hill Capital Partners, which has been an investor in the packaging supplier […]
Slightly more than one third (36 per cent) of U.S. employers said they’re giving employees a choice about coming into the office, up from 15 per cent at the end of 2020, according to an annual year-end survey by Challenger, Gray & Christmas Inc. The survey, which polled 182 human resources executives across the U.S., found […]
Employer-sponsored health benefits cost trends are expected to increase 8.1 per cent on average globally in 2022, according to a new survey by Willis Towers Watson. The survey, which polled medical insurers across various geographic regions, found cost trends are expected to be as high as 14.2 per cent in Latin America, followed by 10.6 […]
Canadian employees want more comprehensive coverage under their benefits plans, according to a survey by the Conference Board of Canada and Telus Health. The survey, which polled more than 1,500 Canadian workers, found a majority (82 per cent) of respondents want basic dental services (such as preventative and minor restorative) covered by their benefits plans, […]
A story looking at dynamic pension pools as a decumulation option took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Dynamic pension pools a viable decumulation option for Canadians: report 2. Employers see retirement benefits as top attraction, retention tool: survey 3. Employers enforcing rules for […]
The Healthcare of Ontario Pension Plan and Swiss Re Investments Holding Co. Ltd. are purchasing common shares in a Canadian property and casualty insurance company in its initial public offering. The gross proceeds from Definity Financial Corp.’s IPO are expected to be about $2.1 billion. The IPO is being made in connection with the conversion […]
Nearly three-quarters (72 per cent) of Canadian institutional investors don’t believe companies can be trusted to achieve their stated environmental, social and governance commitments, according to a new survey by U.S. public relations firm Edelman. The survey looked at the opinions of institutional investment professionals from Canada, Germany, Japan, the Netherlands, the U.K. and the […]
To celebrate Financial Literacy Month, a consortium of public sector defined benefit pension plan sponsors are releasing an informational video designed to educate their plan members about the risks associated with taking the commuted value out of their pension. The animated video was produced by the British Columbia’s college, municipal and public service, WorkSafeBC, the Colleges of […]
The Association of Canadian Pension Management is calling on Retraite Québec to review its draft amendment of a regulation governing supplemental pension plans. In a letter to the pension plan administrator, the ACPM said that a section of the amendment — stating that recovery measures in the event of insufficient contributions to a target-benefit pension […]