With Poland issuing the world’s first sovereign green bond totalling 750 million euros in December and France following suit with an even larger issuance of 7 billion euros earlier this year, investment managers expect the market for green bonds will continue to grow. “Based on trends, 2017 will probably be the year where we’re going […]
The OPSEU Pension Trust has launched People for Pensions, an online campaign encouraging its plan members to become informed about defined benefit pension plans and how they support the economy. People have shifted from having a mindset of pension envy to one where they yearn for financial security but don’t necessarily see the value of […]
Younger Canadians are at risk of shouldering any future deficit in the expanded Canada Pension Plan if it experiences shortfalls in investment returns, according to a new report by the C.D. Howe Institute. The institute’s report references calculations by Canada’s chief actuary, published in October 2016, that predicted the Canada Pension Plan Investment Board must earn an […]
Canadian pension fund managers talk about their confidence level in the asset class.
Despite the withdrawal by institutional investors of more than $100 billion of capital from the hedge fund industry in 2016, some Canadian pension funds are still confident in the asset class. “It makes me question why those pension funds or institutional investors invested in hedge funds in the first place,” says James Davis, chief investment officer […]
Current holders of long-term Canadian and U.S. bonds should brace for the possibility of sharp interest rate hikes from the U.S. Federal Reserve, an economist is warning. Among the uncertainties surrounding U.S. President Donald Trump’s plans for fiscal stimulus is the fact that the U.S. economy is already doing well and will likely reach full employment level by the end […]
Among the changes announced in Wednesday’s budget that affect employers is a plan to revamp the rules around unpaid internships and introduce a right to request flexible work. In its budget, the federal government announced it would give federally regulated workers the right to request flexible work arrangements, such as working from home or adjusting their workday, from their […]
Each year, employees at Britain’s Barclays Bank make decisions about their benefits and pension plan during the enrolment period. To learn more about their plan, staff typically have an information booklet and financial tools, such as a pension calculator, at their disposal. But six years ago, Barclays decided to apply a game-based approach to its […]
When should a candidate for a job ask about benefits and compensation? It’s a key question many companies and human resource professionals are asking following a high-profile case of an applicant who lost out on a second interview after she asked about benefits and compensation. On March 12, the applicant, Taylor Byrnes, tweeted a screenshot […]
Former employees of Wabush Mines in Newfoundland and Labrador received good news Thursday when the provincial government announced a legal move that could help them recover some of their losses from their defined benefit pension plan. The pensioners have been fighting for priority among creditors since the parent company, Cliffs National Resources Inc., closed its subsidiary operations […]