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CPPIB establishes student housing real estate investment platform, sells holdings in sports management firm

The Canada Pension Plan Investment Board is investing up to $40 million in the creation of a real estate investment platform dedicated to purpose-built student accommodation opportunities in Europe. The new group is being created through the CPPIB’s acquisition of Nido Living (which will be a wholly owned but independently-operated portfolio company), as well as its […]

  • April 5, 2024 April 4, 2024
  • 15:00

U.S. pension risk transfer sales premium increased 53% in Q4 2023: report

The total premium of U.S. pension risk transfer sales reached US$12.7 billion in the fourth quarter of 2023, a 53 per cent increase from the same period in 2022, according to a report by LIMRA. It found that pension risk transfer sales totalled $45.8 billion in 2023, down 13 per cent from 2022. There were […]

  • April 5, 2024 April 5, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on considerations for plan sponsors ahead of the rollout of a new generation of obesity drugs was the most-read article on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. What plan sponsors should know ahead of rollout of new obesity drugs in Canada 2. What’s […]

  • April 5, 2024 April 4, 2024
  • 09:00

Median solvency ratio of Canadian DB pension plans up 2% in Q1 2024: reports

The median solvency ratio of Canadian defined benefit pension plans increased two per cent in the first quarter of 2024, according to a report by Mercer. The report, which tracks more than 450 DB pension plans, found the median solvency ratio grew to 118 per cent, as at March 29, 2024, from 116 per cent […]

  • April 4, 2024 April 4, 2024
  • 15:00

Funded ratio of 100 largest U.S. DB pension plans increased 1.7% in February: report

The funded ratio of the 100 largest U.S. public defined benefit pension plans rose to 78.6 per cent as of Feb. 29, up from 77.7 per cent at the end of January, according to Milliman Inc.’s latest public pension funding index. Individually, public pension plans returned between an estimated 0.0 per cent to 3.2 per cent […]

  • April 3, 2024 April 3, 2024
  • 15:00

76% of Canadian employers mandating partial, full return to office: survey

Three-quarters (76 per cent) of Canadian employers are mandating employees return to the office partially or full time, citing productivity, team communication and workplace culture as key drivers for the decision, according to a new survey by Cisco Systems Inc. The survey, which polled 150 Canadian employers and 500 employees, found nearly two-thirds (64 per […]

  • April 3, 2024 April 3, 2024
  • 09:00

Caisse appointing Rana Ghorayeb EVP, head of real estate

The Caisse de dépôt et placement du Québec is appointing Rana Ghorayeb as executive vice-president and head of real estate, effective April 29, 2024. She’ll oversee the overall Ivanhoé Cambridge portfolio and investment team, which has assets of over $77 billion. Ghorayeb joined the Caisse in 2012 and previously served as president and chief executive officer of Otéra […]

  • April 2, 2024 April 2, 2024
  • 15:00

Zayo, Unifor agreement includes pension, benefits gains

The union representing 120 employees working across Canada for U.S. telecommunications company Zayo Group has ratified a four-year collective agreement that includes pension and benefits gains. Unifor Local 2000A was able to protect and maintain the company’s defined benefit pension plan; however, the employee contribution will increase from three per cent to 4.5 per cent. […]

  • April 2, 2024 April 2, 2024
  • 09:00

Ontario Teachers’ gains minority stake in new alternative lender, UPP backs U.K. locomotive operator

The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]

  • April 1, 2024 March 28, 2024
  • 15:00

68% of U.S. employees say they’re unfamiliar with concept of neurodiversity

More than two-thirds (68 per cent) of U.S. employees say they’re either unfamiliar with or don’t understand the concept of neurodiversity, according to new research from Eagle Hill Consulting. The survey, which polled more than 1,200 workers, found fewer than a fifth (16 per cent) said there have been formal conversations about neurodiversity in their […]

  • April 1, 2024 April 1, 2024
  • 15:00