The Alberta Investment Management Corp. is investing in an Australian agricultural company. The AIMCo and Australian investment management firm New Forests Ltd. will co-own Lawson Grains. The company produces more than 200,000 tonnes of cereals and vegetable oils per year. It operates out of about 100,000 hectares of farmland spread across New South Wales and Western […]
A report from the Chicago Police Department Pension Board Accountability Group is accusing the management of the Policemen’s Annuity and Benefit Fund of Chicago of providing little transparency to plan members and mismanaging funds. The pension board accountability group hired forensic auditor Christopher Tobe to conduct an audit. The report accuses the defined benefit plan’s board […]
Benefits Canada is pleased to announce the finalists of the 2021 Workplace Benefits Awards. This year’s entry and judging process took place during the second year of the coronavirus pandemic, the annual awards welcomed more than 100 entries highlighting how leading employers are supporting their employees’ physical, mental and financial well-being. In its sophomore year, the awards’ newest category — Coronavirus […]
More than half (53 per cent) of Canadian job seekers are looking for better pay and benefits, according to a new survey by data intelligence company Morning Consult. While 35 per cent of respondents said they’re switching roles because of the coronavirus pandemic, 87 per cent said they’re either somewhat concerned, concerned or very concerned […]
The Caisse de dépôt et placement du Québec is taking a majority share in a California-based digital platform development company. The Caisse secured the shares in Wizeline Inc. through a transaction with the British private equity fund Apax Partners LLP. Wizeline, which was founded in 2014 as a cloud product development company, is also known […]
Senior executives of some of Canada’s largest companies saw their total pay increase by an average of 17 per cent, or $171,000, in 2020 compared to 2019, according to a new report by the Canadian Centre for Policy Alternatives. The CCPA tracked the compensation of 1,096 senior executives, including those in the C-suite, using filings […]
More than half (54 per cent) of attendees to Benefits Canada‘s virtual return-to-work webinar on Aug. 12 said they’re planning a phased return to the workplace beginning in the third or fourth quarter of 2021. Among the respondents, which included nearly 200 plan sponsors and other industry professionals, a further 18 per cent said they’ve […]
The Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are part of a consortium making a binding offer to buy an Australian infrastructure investment company. The deal, which also includes the Toronto-based Kohlberg Kravis Roberts and Co., values the Spark Infrastructure Group at about AU$ 5.2 billion ($4.8 billion). It has already […]
The Ontario Teachers’ Pension Plan is taking majority stake in a Florida-based therapy provider for children with autism spectrum disorders. The exact terms of the deal with Acorn Health, which specializes in providing applied behavioural analysis therapy, weren’t disclosed. However, a significant minority stake will remain in the hands of several senior managers at the […]
More than a third (41 per cent) of U.S. employees believe unvaccinated workers should pay higher insurance rates, with generation Z the least supportive (23 per cent) and baby boomers the most supportive (45 per cent), according to a new survey by Eagle Hill Consulting. The survey was published this week as federal regulators in […]