Three-quarters (75 per cent) of Canadian employers and two-thirds (66 per cent) of U.S. employers say they plan to link compensation directly to performance outcomes, according to a new report by Hub International Ltd. The survey, which polled more than 900 business leaders across Canada and the U.S., found many employers are shifting total rewards […]
Canadian defined benefit pension plan sponsors have an average per-member administration cost of US$165, according to a new report by CEM Benchmarking Inc. The report, which analyzed 80 global DB plans, found the average per-member administration cost was $164 in the Netherlands, but was $105 in the U.S. and $71 in the U.K. It noted […]
The Ontario Pension Board is appointing Andrew Tambone as chief investment officer. In the role, Tambone will be responsible for overseeing the OPB’s relationship with its asset manager the Investment Management Corp. of Ontario and its investment portfolio performance. He’ll join the OPB in July and will succeed current CIO Chris Kautzky. Read: OPB making […]
Three-quarters (75 per cent) of women say they want or need benefits that specifically support women’s health, including services for fertility and menopause, according to a new survey by RBC Insurance. The survey, which polled 1,000 working Canadians between the ages of 18 and 65, also found women were more likely than men to report […]
The Canadian annuity purchase market recorded $700 million in transactions during the first quarter of 2025, according to a new report by Telus Health. It noted a “notable deceleration” in the volume of transactions after what a record-breaking year, which isn’t uncommon for the first quarter of a new year. The last quarter of 2024 […]
In its 2025 budget on Thursday, the Ontario government proposed an additional $5 billion in funding to a provincial infrastructure bank that leverages public sector pension investments. The Building Ontario Fund, which was announced in the province’s 2023 fall economic statement, supports the development of new long‐term care homes, energy infrastructure, affordable housing, municipal and […]
An article that examined an Ontario court’s ruling on an employer’s termination clause was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario court rules employer’s termination clause enforceable due to clear language, entitlements 2. DEI pullback could […]
The Public Service Alliance of Canada has reached a tentative agreement for more than 700 civilian members of the Royal Canadian Mounted Police working in operational and administrative roles. The deal introduces a 37.5-hour workweek and adds two personal leave days each year, plus two additional leave days for the 2024/25 fiscal year. Members will […]
The Public Sector Pension Investment Board is creating a new long-term strategic partnership with BCE Inc. The new partnership, named Network FiberCo, will accelerate the development of fibre infrastructure in underserved U.S. markets through telecommunications firm Ziply Fiber. PSP Investments is allocating a potential commitment of more than US$1.5 billion. The business partnership is expected […]
Roughly six in 10 (59 per cent) institutional investors view their asset manager as a strategic partner in their work, according to a new survey by Crisil Coalition Greenwich. The survey, which polled 372 global institutional investors, also found money managers oversee, on average, 62 per cent of institutional assets, with the highest level reported […]