An article on why a majority of Canadians are planning to switch jobs this year was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Six in 10 Canadian employees planning to change jobs this year: survey 2. Acera Insurance’s group […]
Calgary-based Acera Insurance Services Ltd. is expanding its group benefits division to Saskatchewan through a partnership with Saskatoon-based group benefits and retirement consultancy BMA Group. The deal closed in December and BMA will eventually transition to become Acera Benefits, according to a press release. This transaction marked Acera Insurance’s ninth partnership deal in 2024 and […]
Employment Hero, an Australia-based human resources and employee benefits consultant, is acquiring Toronto-based HR consultant Humi. The acquisition, valued at more than $100 million, is a strategic partnership in which Humi will continue to serve the needs of Canadian small- and medium-sized employers through Employment Hero’s operating system, according to a press release. Read: Hub […]
The Caisse de dépôt et placement du Québec is investing $335 million in TerraPact, a U.S.-based firm that owns and operates ground leases and rights of way for more than 700 digital, utility and energy infrastructure assets. The financing will support TerraPact’s real estate portfolio across the U.S. and in British Columbia. It will also refinance […]
Mergers and acquisitions can give rise to many legal and financial complexities related to executive compensation. “The key thing from acquirers’ point of view is to understand what their objectives are with respect to executive compensation,” says Elizabeth Boyd, a pensions, benefits and executive compensation partner at Blake, Cassels & Graydon LLP. “Decisions must be […]
When a company is undergoing a merger or acquisition, it’s important to maintain consistency regarding benefits plans and streamline the process as much as possible. “It’s crucial to allocate the proper resources to make sure the process goes smoothly and benefits coverage is maintained or improved upon,” says Connie Cooper, associate vice-president of executive financial […]
The National Institute on Ageing is addressing the issue of missing pension plan members, in a new report highlighting the challenges faced by plan administrators and individuals entitled to unclaimed pension benefits. The report provides a framework for decision-making and emphasizes the importance of collaborative efforts from all sectors — government agencies, plan sponsors, financial […]
The Canada Pension Plan Investment Board is investing $1 billion in Korea-based data centres through its joint venture with the Pacific Asset Management Co. “The demand for data centres in [the Asia-Pacific region] has been on the rise, driven by the continued need for cloud computing and the increasing global adoption of artificial intelligence,” said […]
The Caisse de dépôt et placement du Québec is buying a 30 per cent indirect stake in the Ohio subsidiary of energy firm AES Corp. for nearly US$546 million. This is the Caisse’s second investment in the utilities company, after first investing in AES Indiana. The investment doesn’t grant the Caisse with a change in […]
The Caisse de dépôt et placement du Québec is investing $35 million in a new energy transition fund from Quebec-based equity firm MacKinnon Bennett & Co. The investment is part of a larger $145 million commitment alongside the Canada Growth Fund, Investissement Québec and BDC Capital. The fund will target growth-stage businesses commercializing emission reduction […]