In his first public statement on Alberta Investment Management Corp.’s investment strategy, the organization’s new chief executive officer says the AIMCo won’t have a policy to divest from hydrocarbon producers. “I want to be clear in stating that we believe that divesting hydrocarbons would miss an urgent opportunity to work with the companies who’ve the […]
The U.S. Department of Labor is proposing new rules that would give pension plan fiduciaries the ability to make investment decisions based on environmental, social and governance factors. If adopted, the rules would amend the Employee Retirement Income Security Act of 1974. In its summary of the proposed changes, the Department of Labor said they’d […]
The Ontario Teachers’ Pension Plan is acquiring a majority stake in a manufacturer and distributor of elevator components and systems. Before the investment, Vantage Elevator Solutions was wholly owned by Golden Gate Capital. The California-based asset management company will retain a significant minority stake in the business. Read: Ontario Teachers’ investing in Australian insurance distributor Vantage […]
One in three (33 per cent) women in the U.S. said they’ve considered downshifting their careers or leaving the workforce this year, compared to one in four (25 per cent) who said this a few months into the coronavirus pandemic, according to a new report by McKinsey & Company and LeanIn.Org. It also found 40 per […]
Employers in the U.S. expect health benefits costs to rise 4.7 per cent on average in 2022 compared to 2021, according to a new survey from Mercer. The survey, based on more than 1,500 employer responses, found fewer employers than usual (38 per cent) are using cost-savings measures — such as raising deductibles or co-pays […]
Benefits Canada is thrilled to announce the winners of the 2021 Workplace Benefits Awards. At a virtual roundtable and awards ceremony on Thursday, 23 finalists gathered to discuss their leading benefits and pension strategies, followed by winner announcements across 10 categories. All of the finalists represent benefits and pension plans covering nearly 300,000 Canadians. These employers are proactively and passionately aiming to […]
A look at a survey finding employees are prioritizing workplace benefits plans amid an increasingly competitive job market took the top spot as the most-read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Canadian employees prioritizing benefits programs over pay: survey 2. Survey finds cost of […]
Bâtirente is appointing Vickie Lavoie as chief operating officer. Lavoie joined the Montreal-based pension fund in 2015 as an advisor to its business development group. In 2019, she was promoted to the post of director of development strategies. Prior to joining Bâtirente, Lavoie served as a retirement consultant at Aon. She will replace retiring COO Daniel […]
The majority (87 per cent) of U.S. millennial employees are more interested in certain benefits this year, with life insurance (39 per cent) topping the list, followed by financial planning tools (34 per cent), dental insurance (31 per cent) and legal plans (29 per cent), according to a new survey by Rainmakers CSI for MetLife […]
Employer-provided medical benefits costs in Canada will rise seven per cent in 2022, according to a new survey by Aon. The annual global medical trend rates survey found the expected increase for Canadian employer-sponsored medical plan costs is due to a combination of higher costs for dental care, paramedical expenses and prescription drugs. It was conducted […]