Green Shield Canada has promoted David Willows to the role of chief innovation and marketing officer. “This is a very important move for us,” says president and chief executive officer Steve Bradie of Willows’ promotion from the role of vice-president of strategic market solutions. “David has always looked beyond the traditional solutions, approaches and roadblocks, […]
The Global Risk Institute in Financial Services is creating a national pension hub that will be a Canadian centre for pension knowledge and research. It will provide research into pensions and income security that it hopes will lead the way to new solutions to plan design, governance and investment challenges, according to a release. “The […]
Aon Canada is forming an alliance with the Reformulary Group that pairs its health and benefits consulting experience with the Toronto-based formulary management company’s specialist drug expertise. Through the partnership, the Reformulary Group will be Aon’s partner in formulary design, and both organizations will integrate their analytics to create better health and financial outcomes, according […]
The median solvency ratio of Canadian defined benefit pension plans reached 99.3 per cent in the third quarter of 2017, bolstered by two interest rate increases and rising bond yields, according to Aon’s latest quarterly median solvency ratio survey. This is an increase on the 94.8 per cent median solvency ratio reported by Aon for […]
The Financial Services Commission of Ontario has released guidance for plan administrators on dealing with missing pension plan members. The policy, which took effect on Sept. 30, doesn’t provide new tools for plan administrators to find former and retired members but it sets out some guidance on how to meet their obligations to update their […]
Rules around funding and asset allocation for multijurisdictional pension plans should adhere to those set out by the majority regulator, according to stakeholder submissions to the Canadian Association of Pension Supervisory Authorities’ latest proposal on the topic. CAPSA’s consultation paper, which was published in July, aims to build an agreement that would clarify how each […]
Canadian defined benefit pension plans made gains in their solvency position in the third quarter of 2017, according to the Mercer Pension Health Index. The index, which shows the solvency ratio of a hypothetical Canadian plan, rose to 106 per cent, compared with 102 per cent at the start of the year. Of Mercer’s plan […]
Sun Life Financial Inc. executive Isabelle Hudon is embarking on a significant career change by leaving the insurer to become Canada’s ambassador to France. Hudon joined Sun Life in 2010 and rose to become executive chair of Sun Life Financial Quebec and senior vice-president of client solutions. “I’d like to congratulate Isabelle and wish her […]
The real estate arm of the Ontario Municipal Employees Retirement System will acquire the Sony Center in Berlin for $1.6 billion (1.1 billion euros). In partnership with Madison International Realty, the investment marks Oxford Properties’ first foray into the Berlin market. The Sony Center is a 112,000-square-feet, mixed-used complex in Potsdamer Platz. It comprises eight […]
Portfolios that include managed futures funds outperform those without them, according to a research paper released by the Alternative Investment Management Association and Société Générale. According to the paper, interest in such funds from institutional investors has increased over the last few years, especially after they outperformed other asset vehicles after during the global financial crisis. Indeed, […]