Spain’s government is pushing through legislation that would reduce the normal workweek from 40 to 37.5 hours with no reduction in pay, according to a report by CTV News. If passed, the legislation, which was first proposed at the end of 2024, would take effect this year. The legislation would affect around 12 million workers, […]
The Caisse de dépôt et placement du Québec is selling 2.5 million shares in Intact Financial Corp. for a gross price of $278.60 per share. The transaction is expected to produce gross cash proceeds of roughly $696,500,000 from the offering. Overall, the deal represents 1.4 per cent of the issued and outstanding common shares in […]
An article on how financial wellness programs can help employees in their relationships 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. Wellness programs key to keeping financial stress out of relationships: expert 2. 64% of Canadian employees […]
While nearly three-quarters (72 per cent) of U.K. employees say it’s important their employer offers a pension plan that’s invested according to environmental, social and governance factors, half (47 per cent) say they don’t know whether their pension is invested in this way, according to a new survey by Scottish Widows. The survey, which polled […]
The Ontario Securities Commission’s proposal to provide retail investors access to private assets through a new fund vehicle could have adverse risks for institutional investors’ long-term investment goals, said the Pension Investment Association of Canada. The OSC is mulling introducing a new fund category, the Ontario Long-Term Asset Fund, that would provide a pathway for […]
Canadians believe they’ll need, on average, $1.54 million to retire, down from $1.67 million in 2023, according to a new survey by the Bank of Montreal. The survey, which polled 1,500 employees, found three-quarters (76 per cent) are worried they won’t have enough money in retirement because of rising prices. Read: Canadians believe they need […]
Capital accumulation plan members who retired in 2024 saw the highest CAP outcomes since the start of the coronavirus pandemic, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of December 2024 achieved a gross income replacement ratio of 66.5 per […]
The Canada Pension Plan Investment Board is reporting a 3.8 per cent return and net assets of $699.6 billion as at Dec. 31, 2024, compared to $675.1 billion at the end of the previous quarter. The $24.5 billion net asset increase is credited to positive returns in private equity and credit. However, the quarterly gains […]
An article on how remote working positively impacts employees 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. My take: Remote working may prove to be the great workplace equalizer 2. Canadian employers increasingly prioritizing inclusive benefits: survey […]
Innovative Medicines Canada is appointing Patrick Hupé as vice-president of government and stakeholder relations. He brings more than 25 years of experience in medical technology and life sciences, including senior roles at Medtronic, Pfizer Inc. and Hoffmann-La Roche Ltd. According to a press release, Hupé has led high-performing, multi-disciplinary teams and executed large-scale initiatives to […]