The Alberta Investment Management Corp. is considering purchasing a stake in the Trans Mountain pipeline, according to a report by BNN Bloomberg. “We have an active file on Trans Mountain,” said Evan Siddall, chief executive officer at the AIMCo, in the report. “We would look at it. The government knows that and we’re keeping track of the situation.” […]
U.S. generation Z employees are more likely to expect a tailored, year-round benefits experience than other employees, according to a new survey by MetLife Inc. The survey, which polled more than 2,800 employers and more than 5,000 employees, found nearly two-thirds (63 per cent) of gen-Zers said they wish their employer offered more personalized benefits […]
Ontario civil servants are questioning the methodology used in a report that determined how much money Alberta could extract from the Canada Pension Plan if the province were to leave the CPP and launch its own plan, according to reporting by the Edmonton Journal. In a series of briefs, the Ontario Ministry of Finance outlined several inconsistencies […]
Institutional investors could face a mild economic recession in the U.S. at the end of the first half of 2024, according to a new report from Amundi Asset Management. It projected the global economy to grow by 2.4 per cent in 2024, with U.S. growth estimated at just 0.8 per cent, down from 2.4 per […]
The Pension Investments Association of Canada is calling on the British Columbia government to refrain from setting limits on the type of entities that can offer variable life benefits. In an open letter, the association said a competitive landscape that includes a broad scope of service providers, including registered pension plans, would be beneficial for retirees, noting […]
More than two-fifths (45 per cent) of U.S. defined contribution pension plan sponsors say they’re considering implementing emergency savings features, according to a survey from MFS Investment Management. The survey, which polled 1,000 DC plan members and more than 140 plan sponsors, found nearly a quarter (23 per cent) of plan sponsors said they’d take […]
The Ontario Municipal Employees’ Retirement System is considering the sale of LifeLabs Inc., according to a report by The Globe and Mail. A spokesperson for the infrastructure arm of the OMERS said the investment organization has held preliminary negotiation talks with “multiple potential buyers” but is currently not in any late-stage discussions. The report said […]
While the funded position of a typical defined benefit pension plan increased on a solvency basis in November, it decreased on an accounting basis in that period, according to the latest pension index from Telus Health. It found the solvency of the average DB plan rose to 109.1 per cent in November, up from 108.2 […]
Two-fifths of U.S. employees say they didn’t receive a raise in the last year and those who did received raises that were 25 per cent lower than in 2022, according to a new survey by BambooHR. The survey, which polled 1,500 employees, found the average pay increase was 4.6 per cent, down from 6.2 per […]
An article on how the federal government should ensure its new Canadian Dental Care Plan doesn’t displace existing employer-sponsored dental coverage was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Tax credit could ensure national dental-care plan doesn’t displace employer-sponsored coverage: expert […]