The high discount rates used by many Canadian public-sector pension plans increase the risk they won’t have enough funds to meet future obligations, according to new research by the C.D. Howe Institute “Employers and employees have an incentive to keep the discount rate high in order to reduce the contributions they pay today,” said Constance Smith, co-author […]
The high discount rates used by many Canadian public-sector pension plans increase the risk they won’t have enough funds to meet future obligations, according to new research by the C.D. Howe Institute “Employers and employees have an incentive to keep the discount rate high in order to reduce the contributions they pay today,” said Constance Smith, co-author […]
The Mental Health Commission of Canada has launched a toolkit to help employers build an inclusive workplace. The toolkit outlines strategies and actions organizations can take to make their workplace more inclusive and welcoming to people living with a mental-health issue or illness. “These people are often referred to as aspiring workers, and are as qualified, reliable […]
Benefits Canada’s inaugural Investor Insight Breakfast, held on Jan. 10 in Toronto, highlighted the expectations and projections for the 2019 investment climate, including opportunities for the pension industry. Here are some of the highlights of the sessions: A look at macro trends driving DB pension investment strategies It’s too early in the rise of populism […]
The Canada Pension Plan Investment Board is issuing its first Euro-denominated green bond. The one billion Euro sale of 10-year fixed-rate notes aims to help the CPPIB invest in relevant, environmentally conscious assets, including renewable energy projects in wind and solar, water and wastewater management and certified green real estate. It’s also a way for the CPPIB to […]
The introduction of more flexible annuity options for capital accumulation plans and reform to prescription drug coverage are among the recommendations by the Canadian Life and Health Insurance Association for the 2019 federal budget. In a letter to the Ministry of Finance, the CLHIA highlighted the increasing need for Canadian retirees to convert some or all of […]
Russell Investments is appointing Peter Gunning as its global chief investment officer. Gunning had assumed the role on an interim basis when Jeff Hussey left the firm in October 2018. With 23 years of experience at Russell Investments, Gunning joined the Sydney office in 1996. He served as global chief investment officer in the U.S. headquarters in 2008 and then took on the […]
Baby boomers want to keep working in retirement, but most said their company doesn’t offer the option, according to a poll by research firm Harris Insights & Analytics. The poll found the majority of working baby boomers are satisfied with their current job and would stay in the workforce if semi-retirement was an option. However, many […]
Workplace stress is on the rise and employees are feeling the pressure, according to new research by Morneau Shepell Ltd. In a survey of employees and employers across Canada, the company found more than a third of employees reported they’re more stressed now from work (35 per cent) and personal issues (36 per cent) than […]
The real estate investing arms of the Caisse de dépôt et placement du Québec and the Ontario Municipal Employees Retirement System are teaming up to invest in the U.S.-based IDI Logistics. “We are delighted to be working with Oxford on this venture for the future success of IDI Logistics, a company which consistently builds, operates and […]