The Alberta Investment Management Corp. is appointing two of its investment leaders to new executive roles, effective immediately, as Marlene Puffer steps away from her role as the organization’s chief investment officer. Justin Lord has been named senior executive managing director and global head of public markets, overseeing public equities and fixed income. He has […]
Roughly nine in 10 (86 per cent) institutional investors with assets under management of US$10 billion or more say they’re incorporating sustainable investments as part of their overall investment strategy, according to a new survey by FTSE Russell. The survey, which polled more than 300 asset owners across 15 counties, found the vast majority (90 per […]
The Caisse de dépôt et placement du Québec is buying a 30 per cent indirect stake in the Ohio subsidiary of energy firm AES Corp. for nearly US$546 million. This is the Caisse’s second investment in the utilities company, after first investing in AES Indiana. The investment doesn’t grant the Caisse with a change in […]
An article on International Business Machines Corp.’s latest pension risk transfer 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. IBM transferring US$6 billion in pension liabilities via group annuity buyout 2. How employers can encourage employees to take guilt-free sick days […]
While three-quarters (76 per cent) of benefits plan members agreed their employer’s workplace culture or environment encourages health and wellness, plan sponsors were more enthusiastic, with 87 per cent agreeing, according to the 2024 Benefits Canada Healthcare Survey. While 24 per cent of plan members disagreed their workplace culture encourages health and wellness, that percentage rose […]
The Public Sector Pension Investment Board has $64.9 billion invested in green assets, compared to $48.9 billion in fiscal 2023, according to the investment organization’s latest sustainability report. It found in addition to green assets, PSP Investments has roughly $11.5 billion in transition assets, defined as investments that have committed to make a substantial contribution […]
A large majority (80 per cent) of Canadian employers feel it’s extremely (36 per cent) or somewhat challenging (44 per cent) to provide benefits in today’s economic climate, according to the 2024 Benefits Canada Healthcare Survey. However, three-quarters (77 per cent) of plan sponsors indicated their health benefits plan was extremely or very important to […]
Roughly 200 employees of the Ontario Native Women’s Association are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. The ONWA is a not-for-profit organization that works to empower and support Indigenous women and their families across Ontario, according to a press release. Previously, the employees were enrolled in a group registered retirement […]
Nearly two-fifths (38 per cent) of benefits plan members are experiencing a general sense of loneliness, isolation and social disconnection, according to the 2024 Benefits Canada Healthcare Survey. This result increased significantly among those with self-reported poor mental health (76 per cent), those who had divorced or separated in the past year (74 per cent), […]
In 2023, the world’s 300 largest pension funds’ assets under management increased by 10 per cent to US$22.6 trillion, compared to $20.6 trillion at the end of 2022, according to a new report by WTW’s Thinking Ahead Institute. It found the top 20 largest global pension funds’ AUM increased by 12 per cent during the […]