The Ontario Teachers’ Pension Plan is acquiring a North American aquaculture farm from Encore Consumer Capital. Atlantic Aqua Farms, headquartered in Orwell Cove, P.E.I., is the largest grower of live mussels on the continent, according to a news release, which notes the purchase is part of the pension fund’s contribution to the “global food basket” and its efforts to […]
Many psychologists are unhappy with employee assistance programs in Quebec, according to a new survey by the Quebec psychologists association. The survey by l’association des psychologues du Québec, which polled more than 500 psychologists in the province, found many respondents believe conditions have “seriously deteriorated” over the past few years. In particular, respondents were critical of low fees, failure to […]
SSQ Life Insurance Co. Inc. is aiming to increase peer support in the workplace with a new service launched this week. The service, MyAlly, is available to employers offering SSQ’s group benefits plans. The idea behind the program is to have peers act as trained mental-health supporters in the workplace by listening to co-workers who might be going through […]
Assets managed by U.S. outsourced chief investment officers are projected to exceed US$2.7 trillion by 2022, according to new research by Cerulli Associates. “Institutions face many investment-related, operational and regulatory challenges and need help with the day-to-day management and oversight of their investment portfolios,” said Michele Giuditta, associate director at Cerulli Associates, in a news release. “Given the increasing […]
The Financial Services Commission of Ontario has appointed Morneau Shepell Ltd. to take over the continuing administration of Stelco Inc.’s five existing defined benefit pension plans as of Jan. 1, 2018. The five pensions plans will continue without any disruption to retirees’ monthly payments, according to a news release, which noted Morneau Shepell would contact all plan members in the […]
ArcelorMittal Dofasco, ESIT Advanced Solutions Inc. and Toronto-Dominion Bank are among the companies named as top employers for Canadians over 40. The 2018 list, part of Canada’s Top 100 Employers project run by Mediacorp Canada Inc., looked at what employers are doing to respond to an aging workforce with more people working later in their careers and […]
Over the past 10 years, assets in pension plans registered in Alberta have reached $54 billion, an increase of 149 per cent, according to a new report published by the province’s pension regulator. The superintendent of pensions’ 2016 report, published last week, looked at the 753 pension plans under its supervision. The total includes 182 defined benefit plans, 451 […]
Ontario’s fall economic statement confirmed a number of previously announced frameworks for the province’s pension, health-care and employment programs, including a look at addressing decumulation. The statement, delivered by Ontario’s Finance Minister Charles Sousa on Tuesday, noted the government is exploring new approaches to help retirees draw down their savings in an efficient, cost-effective manner so their savings […]
Nearly half (49 per cent) of Canadians don’t consider an inheritance part of their long-term financial future, according to a new survey by investment firm Edward Jones Canada. The survey also found 50 per cent of respondents between ages 18 and 54 who earn less than $40,000 per year said they don’t expect an inheritance, while 61 per […]
The private equity investment arm of the Ontario Municipal Employees Retirement System has entered into an agreement with private equity company Ardian to acquire a majority stake in Trescal. Trescal provides metrology services in 22 countries across North and South America, Europe and Asia. Its services include the calibration and maintenance of test and measurement equipment. […]