More than half (54%) of Canadians are making saving for the long term, including retirement, their primary financial priority, according to a new survey. The RBC Financial Independent in Retirement poll also found that saving for a rainy day ranked second at 46% and regular payments to reduce or eliminate debt ranked at 42%. According […]
Two-thirds (66%) of employees who took time off work for a mental health issue did not report it, according to a new survey by Morneau Shepell. The survey also found that 31% of employers said support for mental wellness in their organization has improved over the last two to three years, compared to 62% that […]
GroupHEALTH Benefit Solutions has partnered with GMS Insurance to grow its advisor partner network. The partnership allows GMS Insurance to expand its portfolio by offering GroupHEALTH products and services. Read: Ingham joins GroupHEALTH “We are very excited about our new relationship with GMS Insurance,” said Matt Houghton, CEO of GroupHEALTH, in a news release. “Like […]
The Ontario government has announced a series of design and feature details for the Ontario Retirement Pension Plan (ORPP). In a press conference this morning, Ontario Premier Kathleen Wynne and Associate Minister of Finance Mitzie Hunter announced the details, which cover the structure of ORPP benefits, compliance and enforcements, plan comparability and member participation. Elaborating further, Hunter […]
ArcelorMittal Dofasco is reinforcing its commitment to workplace mental health in 2016, starting with a letter sent out to employees today. The letter is being sent out to coincide with Bell Let’s Talk Day on January 27, and encourages employees to participate in the campaign. The steel company will focus on mental health awareness through a number of additional […]
PSP Investments and Lightyear Capital have signed a definitive agreement to acquire AIG Advisor Group, a subsidiary of American International Group (AIG). “We are pleased with this transaction, which is in line with PSP Investments’ private equity strategy of making sizable, direct investments in high-quality companies alongside experienced partners,” said Guthrie Stewart, senior vice president, global […]
Sun Life has completed a combined annuity buy-in transaction valued at $530 million with two Canadian pension plan sponsors to transfer investment, longevity and inflation risk to Sun Life. The annuity buy-in for the two plans, which opted not to be named, were combined, with the pricing conditional on both purchases occurring at the same time. This generated significant cost […]
Global institutional investors agree it’s challenging to find diversification among traditional asset classes, with 54% saying that stocks and bonds are too highly correlated to provide distinctive sources of return, according to a new survey. Natixis Global Asset Management surveyed 660 global institutional investors, including corporate, public and government pension funds, sovereign wealth funds, insurance companies, and endowments […]
Business confidence in the Ontario economy is at a five-year low, according to a new report. The Ontario Chamber of Commerce (OCC), in partnership with the Mowat Centre, has published its latest iteration of its Emerging Stronger 2016 report, which features the annual Ontario Business Confidence Index. The index shows that only 30% of Ontario […]
The Association of Canadian Pension Management (ACPM) has asked the Ontario government to delay the implementation of the Ontario Retirement Pension Plan (ORPP) by one year. In a letter to Ontario Premier Kathleen Wynne, the ACPM’s CEO Bryan D. Hocking, wrote: “A one-year delay will allow the collaborative federal and provincial approach commenced last fall to continue, and will allow Ontario […]