Organizations all over the world are pledging their commitments to anti-Black racism as global protests over the police killings of George Floyd, Breonna Taylor and many others, move into their fifth week. While the outcomes of these numerous pledges remain to be seen, discussions on the topics of race and racism are being held in boardrooms and […]
As you’ll read in this issue’s cover story, our 2020 CAP Member Survey was fielded at the end of March and early April, targeting respondents as they were beginning to face the financial impacts of the coronavirus pandemic. While we still asked our annual questions about capital accumulation plan members’ retirement readiness, we also wanted […]
As if preparing for retirement wasn’t already a steep challenge, along comes the coronavirus pandemic and its impact on the global economy, throwing up even more obstacles for capital accumulation plan members to maneuver. This year’s annual CAP Member Survey, supported by Actuarial Solutions Inc. and Morneau Shepell Ltd., fielded its questions between March 30 […]
Rolls Royce Canada Ltd.’s reward and pension manager talks benefits plan costs, Excel spreadsheets and playing soccer with his daughter. Q. What top challenges do you face in your role? A. Before the coronavirus crisis, a challenge I’d been dealing with was promoting awareness of the hidden value in group benefits plans, their escalating cost and who’s […]
With the coronavirus-induced shutdown causing ripples in public and private markets alike, infrastructure assets took a hit in the first quarter of 2020 — and the worst may still be coming. According to data from the EDHEC Infrastructure Institute, infrastructure assets experienced a sharp drop in returns in the quarter. The decline was driven by […]
With so much uncertainty on the horizon, should pension plan sponsors be preparing to operate in a deflationary or inflationary environment? In the short term, the economic environment will be deflationary, says Hugh O’Reilly, executive in residence at the Global Risk Institute, noting demand is down because people are staying home and not spending. “And […]
While Morneau Shepell Ltd.’s latest mental-health index had the same score — a negative 12-point decline from the pre-coronavirus pandemic benchmark of 75 — as last month’s index, the sub scores showed a modest improvement in anxiety countered by a larger increase in isolation. The main factors contributing to poorer mental health in the month […]
In the midst of the coronavirus crisis, virtual health care is taking centre stage. But Ontario Power Generation was ahead of the curve, introducing a pilot project in 2019 to help employees with high mental-health incidences and absenteeism rates minimize their sick leave usage. The pilot, implemented on July 1, 2019, provides about 500 hydro […]
The Pension Investment Association of Canada is raising concerns about the impact of the impending merger between Aon and Willis Towers Watson on pension plans and funds in Canada. In a letter to the Competition Bureau, Simon Fréchet, the association’s chair, said the PIAC’s members use actuarial consulting services to support the effective fiduciary management […]
Alongside a struggling global economy, Canadian capital accumulation plan sponsors and members are facing unprecedented challenges. This year, Benefits Canada‘s annual CAP Member Survey fielded its questions between March 30 and April 1, reaching respondents as they were in the midst of coming to grips with the effects of the global coronavirus pandemic. As in […]