While traditional health-care plans remain the most common form of employer offerings, 66 per cent of Canadian organizations are now providing health-care spending accounts, according to a new survey by the Conference Board of Canada. “As Canadian employers look to appeal to a multi-generational workforce, flexibility and choice are the key watchwords for health and wellness benefits,” said […]
As part of an ongoing joint venture, the Public Sector Pension Investment Board is purchasing a purpose-built student accommodation in London, England. Together with Greystar Real Estate Partners and Allianz Real Estate, the PSP is taking on the property, called Paul St. East, from Apache Capital Partners for more than $241 million. The acquisition is part of the Chapter […]
The Healthcare of Ontario Pension Plan grew its assets to $79 billion in 2018, up from $77.8 billion at the end of 2017. However, the plan’s funded status fell slightly to 121 per cent, down from 122 per cent the previous year. It eked out a positive 2.17 per cent return in 2018, beating its benchmark, which returned […]
The Caisse de dépôt et placement du Québec has led a series D financing totalling US$150 million for Mofang Apartments, an institutional rental company based in Shanghai, China. “As a long-term investor, [the Caisse] seeks to be a constructive shareholder, working together with the management and partners to build good companies,” said Meng Ann Lim, […]
The leadership gender gap in the global workplace continues to persist because organizations aren’t making the advancement of women a formal business priority, according to a new study by the IBM Institute for Business Value in cooperation with Oxford Economics. The study surveyed an equal number of women and men from organizations worldwide across multiple industries to […]
The Colleges of Applied Art and Technology pension plan boosted its funding reserve to $2.6 billion, raising its funded status to 120 per cent on a going-concern basis, according to its most recent actuarial valuation. Updated as of Jan. 1, 2019, the valuation showed an improvement over last year’s status of 118 per cent, upping […]
As longevity increases around the world, the solution of simply working longer is especially troublesome for workers with physically demanding jobs, according to the latest Aegon retirement readiness survey. “Few countries offer early retirement with benefits for physical workers,” noted the survey. “Accordingly, physical workers must either remain in jobs that may become more taxing for […]
Green Shield Canada is partnering with HBM+’s health benefits management solutions provider division to introduce an artificial intelligence-based fraud detection strategy. Under the new Claim Watch banner, the new platform finds and compiles data, identifying patterns to unearth suspicious activity. “We’re very proud of what GSC and HBM+ do in the fraud detection and prevention […]
The OPSEU Pension Trust is making an additional purchase of $100 million in Ontario government green bonds, bringing its allocation in the asset to about one per cent of its total holdings. The bonds are a tool the provincial government uses to finance transit and energy efficiency projects, according to the press release. “As a […]
Investment management firm Circulate Capital is adding to the diverse sets of guidelines emerging in recent years for institutional investors looking to deepen their considerations on impact investing. As an impact-focused firm specializing in infrastructure, Circulate Capital has taken on the mission of leveraging capital to stem the flow of plastic into the oceans. “We’ve […]