Trust isn’t something organizations can build, but rather something they must earn, according to Dr. Rumeet Billan, president and chief executive officer at Viewpoint Leadership Inc. “We actually can’t build trust, because building trust assumes that we are in control of who will trust us and how much trust they’re going to give us — and […]
Many employees are engaged in a challenging “juggling act,” with about one in four Canadians aged 15 and older providing ongoing care to a family member or friend and about one in five caregivers spending 20 or more hours a week in that role, according to Sherry Hnatyshyn, managing director of Carepath. During a Benefits […]
At the end of 2020, a year of exceptionally volatile and unpredictable markets due to the coronavirus pandemic, the Colleges of Applied Arts and Technology pension plan was 119 per cent funded with $3.3 billion in funding reserves and its assets had grown to $15.8 billion from $13.5 billion on Jan. 1, 2020. “In the heart […]
It isn’t an easy time to be a fixed income investor. After a volatile year that included a severe liquidity squeeze in the spring of 2020, Sandra Lau, executive vice-president of fixed income at the Alberta Investment Management Corp., says many different measures now suggest the bull market for fixed income is officially over and […]
Assets in the Canadian exchange-traded funds market reached US$189 billion in 2020, fuelled by a compound annual growth rate of 25 per cent over the past five years, according to new research by Cerulli Associates. Cerulli isolated true funds of funds with Canadian-domiciled underlying ETFs from non-fund-of-fund ETFs and fund-of-fund ETFs holding U.S.-domiciled ETFs and […]
With the global psychedelic drugs market projected to grow at a compound annual growth rate of 12.36 per cent between 2021 and 2027 to a value of US$10.75 billion in 2027 and the world’s first psychedelic exchange-traded fund launched in Canada at the start of the year, should institutional investors be taking notice? Read: Is it […]
A defined benefit pension plan leader rarely gets to work with a “blank canvas,” but Chuck Bruce has taken that unique opportunity and drawn a new way forward for more than 56,000 DB plan members in Newfoundland and Labrador. In late 2014, the province and its five largest unions established Provident10 to administer and oversee […]
At the end of March 2020, Newfoundland and Labrador had $4.89 billion in unfunded pension liabilities, including unfunded liability and promissory notes, according to a report released last week by the premier’s economic recovery team. Added to the province’s $3.29 billion in unfunded liability related to employee benefits, this results in financial exposure of $8.18 […]
The average defined benefit pension plan saw its funded position continue to improve in April on a solvency and accounting basis, according to a new report by Morneau Shepell Ltd. During the month, bond yields and credit spreads stabilized, although long-term bond yields increased slightly, negatively affecting long-term fixed income returns. Global equities performed well, […]
Canada’s defined benefit pension plans experienced flat performance in the first quarter of 2021, with the median plan’s returns declining by 0.2 per cent in the first three months of 2021 after rising 10 per cent through 2020, according to Northern Trust Canada’s pension universe. Read: Canada’s DB pension plans post 5% return in Q4, […]