Canadian defined benefit pension plans experienced a modest third quarter, according to separate reports by BNY Mellon Asset Management Canada Ltd. and Northern Trust Corp. The 87 plans included in BNY Mellon’s tracking service saw a 0.55 per cent return in the third quarter of 2017. Those tracked by Northern Trust saw a negative 0.7 per cent […]
Marshmallows can teach us all the benefits of long-term thinking.
Macroeconomic trends such as longer lives, a lack of access to pensions and retirement supports, a low-growth environment, and persistent lack of financial literacy and trust in financial markets are creating a significant retirement savings gap between what people require in retirement and what they’ve actually saved. This is a global issue. But in Canada alone, […]
Great-West Life Assurance Co.’s European subsidiary the Canada Life Group Ltd. is acquiring financial services provider Retirement Advantage. Based in Britain, Retirement Advantage was created in 2015 when funds managed by TDR Capital LLP merged the retirement income and equity release divisions of MGM Advantage Life Ltd. and Stonehaven Equity Release. The company has more […]
While Great-West Lifeco Inc. is reporting a decline in earnings for the second quarter of 2017, the company saw improvements on an adjusted basis as it achieved solid sales results in Canada. On Thursday, the company reported net earnings attributable to common shareholders of $585 million for the period ending on June 30, 2017. While that […]
Chartered professional accountant Chris Coben wanted to work internationally so he could experience how a different country approaches the type of work he does. At the same time, he was looking for an opportunity to travel. That’s why Coben, an audit manager at Collins Barrow Calgary LLP, headed to Britain on an international secondment program […]
Managing volatility across time horizons.
Will Canada follow Europe’s lead on reporting?
Investors will soon be able to buy an exchange-traded fund that offers them exposure to companies with activities in the medical marijuana industry. Horizons ETF Management (Canada) Inc. has filed its final prospectus for what is says is the first exchange-traded fund to offer direct exposure to North American-listed stocks involved in medical marijuana bioengineering and production. The […]
The Prince of Wales’ Accounting for Sustainability project has launched a Canadian chapter of its chief financial officer network that will focus on the role the finance community plays in integrating environmental and social issues into financial decision-making. Founding members of the Canadian chapter, which is the first outside Europe, include chief financial officers from […]