Two-thirds of institutional investors consider environmental, social and governance factors, according to a survey conducted by RBC Global Asset Management Inc. The survey, which questioned 434 institutional asset owners and investment consultants in Canada, the United States and Europe, found that of the two-thirds that do consider such factors, 25 per cent intend to boost their allocations to managers […]
Canada’s retirement system has maintained its B rating on the Melbourne Mercer Global Pension Index, as its overall score rose slightly from 66.4 in 2016 to 66.8 in 2017. However, Canada’s sustainability score dropped due to the recent move to maintain old-age eligibility at age 65. “Canada’s recent change to maintain the eligibility for old-age security at age 65, […]
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 […]
DB plans see third consecutive quarter of increased solvency levels.
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 […]
With the world in flux amid rising concerns about hurricanes, flooding and wildfires, how will institutional investors rise to the challenges climate change presents? And what opportunities exist along the way? Understanding physical risk Climate change affects every industry worldwide, says Sanjay Wagle, managing director at the Lightsmith Group, an investment firm focused on environmental, […]
While Canadian employers are planning to continue to reward top performers with more generous raises, they also expect increases to remain steady for average employees, according to a new survey by Mercer. The survey projects Canadian salaries will rise by an average of 2.4 per cent in 2018 (up from 2.3 per cent in 2017), […]
Hey Dan, wanna walk down to the boardwalk again?” It’s a muggy June night in New Liskeard, Ont., where my boyfriend is working for the summer, and we’re on a final stroll before my overnight bus ride back to Toronto. I still haven’t packed or eaten dinner but I’m desperate to keep walking. According to […]
What if you could play childhood games at work and be a better employee because of it? Nicole Cairns, health and wellness director at Thorpe Benefits, has run into that exact situation. “Simon was a wellness champion, especially in terms of physical fitness. . . . He took it upon himself to enhance what we […]
A number of lawyers from Hicks Morley Hamilton Stewart Storie LLP have formed a new boutique law firm dedicated to pension, benefits and executive compensation The firm, Brown Mills Klinck Prezioso LLP, will offer a suite of services, including insolvencies and corporate transactions; plan design and restructuring; defined benefit plan de-risking; pension plan administration, governance […]