The Ontario Pension Board is appointing Joanna Carson as chief financial officer, effective Nov. 10. In the role, she’ll oversee the OPB’s corporate finance, procurement, enterprise risk management and pension payroll functions. Carson will take over the role from Armand de Kemp, who’s retiring this year. Read: OPB appointing Andrew Tambone as CIO She previously […]
In its 2025 budget, the federal government announced several initiatives to incentivize institutional investors to back domestic infrastructure and business ventures. The budget proposed $1 billion on a cash basis over three years, starting in 2026-27, for the Business Development Bank of Canada to launch a venture and growth capital catalyst initiative, a fund-of-funds that […]
Mercer is acquiring Montreal-based human resources consulting firm Hexarem. Founded in 2013, Hexarem serves a diverse range of public and private sector clients across Canada, providing comprehensive, analysis-intensive compensation advice, including total compensation benchmarking and pay programs, according to a press release. Read: Employment Hero acquiring Humi Through the acquisition, Hexarem’s clients will gain access […]
Five of Canada’s largest pension funds earned high marks for their public reporting efforts, according to a new report from Top1000funds.com and CEM Benchmarking Inc. It ranked pension funds on their costs, governance, performance and responsible investment efforts. Canada’s pension system received an average overall score of 92 out of 100, a one-point increase from […]
Roughly six in 10 (60 per cent) U.S.-based defined contribution pension plan sponsors say they want to retain assets in the plan, often by limiting rollover solicitations from record keepers and offering targeted education to members, according to a new survey by the Defined Contribution Institutional Investment Association. The survey, which polled more than 150 […]
A sustainability investments classification platform co-founded by the British Columbia Investment Management Corp. is being acquired by Net Purpose. The financial details of the transaction weren’t disclosed. Through this deal, Net Purpose will bring SDI AOP methodology, data processing and customer functions in house. It will also launch enhanced sustainable development goal classifications. “As a […]
An article on Arc’teryx Equipment’s win at Benefits Canada‘s 2025 Workplace Benefits Awards 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. Arc’teryx Equipment awarded for tech-forward benefits communications strategy 2. Air Canada recognized for embedding DEI into […]
Nearly six in 10 (59 per cent) Canadians fear they’ll outlive their retirement savings, according to a new survey by the Canada Pension Plan Investment Board. It found more than half (52 per cent) of non-retirees with a financial plan said it gives them confidence their money would last, making planning the top driver of […]
While the total number of pension plans in B.C. declined to 610 in 2024, overall membership increased by four per cent to 1.34 million members, according to a new report from the BC Financial Services Authority. The decline in the number of plans, from 613 in 2023, was attributed to plan mergers and windups. The […]
The funded status of a typical defined benefit pension plan in Canada increased on both a solvency basis and on an accounting basis in September, according to a new report by Telus Health. The solvency index for plans grew to 107.4 per cent, compared to 105.8 per cent at the end of August, while the […]