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American Retirement Confidence Declining

American workers are less confident about their prospects of retiring comfortably, according to the Ninth Annual Transamerica Retirement Survey. Focused on retirement-related attitudes and behaviours of the American workforce, the study found that the current credit crisis, volatile market conditions, and economic uncertainty are negatively affecting the way workers are prioritizing their retirement savings. According […]

  • February 29, 2008 September 13, 2019
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TSX Makes the Jump to Light Speed

TSX Group plans to launch a parallel trading order book for high-velocity, high-volume trades next year. Codenamed Photon, it will function alongside TSX’s Quantum central limit order book that will feature a “differentiated market structure and pricing schedule optimized for high-velocity traders trading high-velocity symbols in a transparent auction market,” according to a press release. […]

  • February 28, 2008 September 13, 2019
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State Street, Scotiabank Extend Relationship

State Street is expanding its relationship with Scotiabank and will provide custody, accounting and fund administration, for five of Scotiabank International Wealth Management’s Cayman-based mutual funds. Since 2002, State Street has provided custody, fund accounting and investment management services to the bank, and will now service approximately $4.54 billion in assets for Scotia. “We were […]

  • February 28, 2008 September 13, 2019
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Budget 2008: Accolades for New Tax-Free Savings Account

As the details of the budget continue to sink in, the new Tax-Free Savings Account (TFSA) is emerging as the clear winner in terms of savings for Canadians. Most observers say the TFSA should be of interest to all Canadian workers. High-income workers who are already contributing the maximum to their RRSP now have room […]

  • February 28, 2008 September 13, 2019
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Budget 2008: Industry Reaction

Benefits and pension industry experts are weighing in on the federal budget, and the verdict is: underwhelming. Most observers agree that Finance Minister Jim Flaherty’s budget was bereft of any bold moves, and contained only one minor surprise in the form of a tax-free savings account (TFSA). The TFSA is of interest to all Canadian […]

  • February 27, 2008 September 13, 2019
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CPPIB Makes Inroads in China, Hong Kong

The Canada Pension Plan Investment Board (CPPIB) announced two significant moves involving China and Hong Kong on Tuesday. The board and Teachers’ Private Capital—the private equity arm of Ontario Teachers’ Pension Plan—have each invested US$200 million in FountainVest, a new private equity fund focused on investing in private enterprises in China. “This investment in China […]

  • February 26, 2008 September 13, 2019
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No Generation Gap When it Comes to Benefits

The wired, Facebook-loving demographic known as Generation Y has been polled on their chief career concerns and it turns out the internet generation worries about the same things as most employees: benefits and salary. Conducted on behalf of Yahoo! Hotjobs and Robert Half International, the survey focused on the “Millennials” who represent the eldest of […]

  • February 26, 2008 September 13, 2019
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Canadians Will Take Pension Over Prominence

Given a choice between stardom and civil service, which career would you choose? If you’re like most Canadians you’d favour the siren song of a steady job and a good pension over the glitz and glamour of the entertainment industry, according to a survey. The RBC sanctioned poll found that 34% of respondents prefer a […]

  • February 26, 2008 September 13, 2019
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Honda looks to Supreme Court in discrimination case

Honda Canada was before the Supreme Court last week in an effort to have an Ontario Court’s landmark ruling of discrimination against a former employee overturned. Kevin Keays was originally awarded 24 months pay and $500,000 in damages after a court ruled that his employment at Honda had been terminated in bad faith. Keays, a […]

  • February 26, 2008 September 13, 2019
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RBC Takes the Plunge with PH&N

Industry reaction to RBC’s acquisition of Vancouver’s Phillips, Hager & North continues to reverberate, with many observers noting that it appears to be a win-win situation. Last week, PH&N announced that it would be integrated into the new Wealth Management arm of RBC at a cost of 27 million RBC shares, changing Royal Bank’s position […]

  • February 25, 2008 September 13, 2019
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