Scotiabank is appointing Jason Traetto as vice-president of global pensions and benefits. In the new role, he’ll lead the bank’s commitment to the total well-being of employees and their families while providing inclusive benefits to attract and motivate talent, according to a Scotiabank spokesperson. Read more People Watch news. Prior to joining Scotiabank, Traetto was associate vice-president […]
In the next three years, more than half (57 per cent) of global employers plan to reallocate or rebalance their benefits spend, adding or enhancing some benefits (23 per cent) while reducing or removing others (two per cent), according to a new survey by WTW. The survey, which polled more than 5,500 global employers, found […]
The Public Sector Pension Investment Board is closing the purchase of a 7.51 per cent minority stake in the 407 Express Toll Route from the Canada Pension Plan Investment Board. Spain-based infrastructure firm Ferrovial will retain its 48.29 per cent ownership stake for the 108-kilometre toll highway in the Greater Toronto Area, followed by the […]
The Public Sector Pension Investment Board is reporting a 12.6 per cent return for the fiscal year ended March 31, 2025, up from 7.2 per cent in the previous fiscal year. The complementary portfolio, which focuses on investments that aren’t within the mandate of an existing asset class but have strategic benefits to the total […]
The funded position of a typical Canadian defined benefit pension plan increased slightly both on a solvency and accounting basis in April, according to Telus Health’s latest pension index. It found the average funded position increased slightly on a solvency basis from 97.7 per cent to 98.2 per cent at the end of the month. […]
Two organizations representing the interests of Canadian pension funds are asking the federal government to bring back Canada’s real return bond program. In a joint letter, the Pension Investment Association of Canada and the Association of Canadian Pension Management, which speak on behalf of organizations managing more than $3 trillion in assets under management, asked […]
Institutional investors are moving away from standard environmental, social and governance factors, according to a new report by Morningstar Inc. The report, which took responses from in-depth interviews with 25 investors around the world, found there’s an ongoing commitment to sustainability, but less interest in keeping ESG investments. Indeed, some investors are even combining social […]
The Canada Pension Plan Investment Board is selling an office asset portfolio based in Western Canada to Oxford Properties, the global real estate arm of the Ontario Municipal Employees’ Retirement System. The deal will see it transfer a 50 per cent interest in the portfolio, which includes seven downtown office properties in Calgary and Vancouver, […]
The Canadian National Railway Co. is appointing Frederic Bessette as director of compensation strategy. Before taking a career break between October 2024 and May 2025, he was director of total rewards at Canfor Forest Products Ltd. In that role, he led the organization to a win at Benefits Canada‘s 2021 Workplace Benefits Awards in the […]
An article on how diversity, equity and inclusion strategies are changing 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. Is DEI dead, rebranding or undergoing a natural evolution? 2. Canadian employees’ well-being declines in 2024: report 3. […]