The funded position of a typical Canadian defined benefit pension plan decreased both on a solvency and accounting basis in March, according to Telus Health’s latest pension index. It found the average funded position decreased slightly on a solvency basis from 100 per cent to 97.7 per cent at the end of the month. On […]
Two-thirds (66 per cent) of Canadian working mothers say they’ll only consider roles with flexible work arrangements, according to a new survey by Robert Half Canada. The national survey, which polled more than 490 working mothers, found among those with flexibility, 75 per cent reported feeling more satisfied in their careers. The findings reflect a […]
In the face of increasing risk, large asset owners are turning to private market allocations, according to a new report by Mercer. The report, which surveyed asset owners representing more than US$2 trillion in assets collectively, found nearly half (45 per cent) of institutional investors increased their allocation to private markets. In the next year, […]
Meridian Credit Union is appointing Jennifer Stassen as senior well-being and retirement specialist. In her new role, Stassen will contribute to advancing Meridian’s well-being, benefits and pension strategy to deliver on the commitment of fostering a supportive, healthy and balanced environment, according to a press release. Read: Niagara Casinos gambles with innovative pension communications Stassen […]
Weight management medications emerged as the fastest growing drug category in 2024, with claims for these drugs surging by 90.6 per cent since 2023, according to Telus Health’s annual drug report. The report, which is based on claims data from more than 15 million plan members in 2024, found the increase in claims was driven […]
The Nova Scotia Teachers’ Pension Plan is reporting a one-year investment return of 9.76 per cent, according to its annual report. At the end of 2024, the plan’s total net assets increased to $6.17 billion, compared to $5.75 billion in 2023. The actuarial liabilities at the plan reached $7.61 billion in 2024. Read: N.S. Teachers’ […]
More than half of Canadian employers say they use generative artificial intelligence to screen candidates and review résumés, citing improved customer service (55 per cent), increased efficiency (51 per cent) and support with analyzing application materials (52 per cent), according to a recent survey by the Harris Poll on behalf of Express Services Inc. The […]
The Ontario Pension Board scored at or above the median for the Principles for Responsible Investment Reporting Framework assessment tool, according to its latest sustainability report. The OPB earned its highest score (87 per cent) for its policy governance and strategy, followed by passive listed equity and active listed equity, both at 81 per cent. […]
Six in 10 (60 per cent) global institutional investors say interest rate changes were the No. 1 factor behind portfolio adjustments in 2024, according to a new report by the International Forum of Sovereign Wealth Funds. The report, which was based on the activities of long-term institutional investors representing more than $46 trillion in assets […]
The Canadian Sustainability Standards Board is appointing Wendy Berman as chair, effective May 5. Berman is a former vice-chair of the Ontario Securities Commission and, most recently, she was a partner and head of the national securities litigation group at McCarthy Tétrault LLP. She succeeds Bruce Marchand, who served as interim chair at the CSSB. […]