The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 101.8 per cent of a plan’s accounting liabilities in November to 100.5 per cent of those liabilities in December, according to Milliman Inc.’s latest pension buyout index. The index uses the FTSE above median AA curve and […]
Three of Canada’s largest pension plans are among the top 10 pension funds that generated the largest compound annualized returns between 2013 and 2022, according to a report by data platform Global SWF. The report, which measured the compound annual growth rate of pension funds’ single-year investment returns between fiscal 2013 and fiscal 2022, found […]
Two-fifths (42 per cent) of Canadian employees say they’ve already started looking, or plan to look, for a new job in the first half of 2024, up slightly from 41 per cent in July 2023 but down from 50 per cent in December 2022, according to a new survey by Robert Half Canada. The survey, which polled more […]
A majority (91 per cent) of Canadian institutional investors say climate change is a leading concern within the environmental, social and governance space, according to a new survey by Millani. The survey, which polled more than 30 institutional investors with a total of $4.5 trillion in assets under management, found 47 per cent of respondents also […]
The Canadian Revenue Agency is providing guidance for employers to determine the province of employment for full-time employees who are working remotely. As of Jan. 1, employers must use the type of income, residency status of the employee and the establishment of the employer where the employee reports for work to determine the province of employment […]
Vestcor Inc. is appointing Sean Hewitt as president and chief executive officer, effective mid-April. He’ll succeed John Sinclair, who announced his retirement last November after leading the investment organization for 20 years. Read: New Brunswick’s Vestcor CEO John Sinclair to retire Hewitt has nearly 20 years of progressive experience within the pension and investment industries […]
Nearly three-quarters (70 per cent) of global employees say they feel increasingly stressed as their employer has set more aggressive performance goals, with the percentage rising among Canadians (75 per cent), according to a new survey by Dayforce Inc. The survey, which polled more than 8,000 workers across Australia, Canada, Germany, Malaysia, New Zealand, Singapore, […]
An article on the Ontario Court of Appeal’s affirmation of a $1.5 million punitive damages award was the most-read article on BenefitsCanada.com this week. Here are the top five human resources, benefits, pensions and investment articles of the past week: 1. Court of Appeal upholds $1.5 million punitive damages award in LTD claims case 2. N.B. transferring 5 public […]
While nearly all (96 per cent) Canadian generation Z and millennial employees say they want to work for an employer that encourages workers to share new ideas, only slightly more than half (55 per cent) say their workplace embraces this principle, according to a new survey by the Angus Reid Institute on behalf of Nestle […]
The average Canadian defined benefit pension plan generated a median return of 8.4 per cent for the fourth quarter of 2023, according to a report by Northern Trust Corp. The report, which tracks DB plans within the Northern Trust Canada universe, found the average Canadian DB plan ended the year with a median 10 per cent return. […]