A majority of Canadian DB plan members are confident that their company’s pension plan will pay them a sufficient income in retirement, according to a survey released today by RBC Dexia Investor Services and Grant Thornton. According to the survey of 879 employees who are enrolled in their company’s DB plan, 83% trust that when […]
While plan sponsors across the country are retreating from DB arrangements that are costly to the bottom line in good times—and even more so in economic downturns such as those we’ve faced over the past decade—more and more are looking to DC as an alternative retirement savings option for their employees. According to the 2011 […]
Data from Morningstar Canada indicate that equity funds suffered the worst of their now four-month-long slump in August, as weak economic data and an historic debt downgrade in the U.S. pushed world markets downward. All but one of the 23 Morningstar Canada Fund Indexes that track equity categories posted losses for the month, with 12 […]
Employees in Canada are more likely than their global counterparts to call in sick if they feel stressed, according to a survey conducted by Harris Interactive for The Workforce Institute at Kronos Inc. According to the survey, employees in China lead the way when it comes to calling in sick when they’re not actually feeling […]
The Canada Pension Plan Investment Board (CPPIB) has joined forces with Global Logistics Properties Ltd. (GLP), the overseas logistics unit of the Government of Singapore Investment Corp., to invest in logistics facilities in Japan. The joint venture, to be known as the Japan Development Fund, will see each partner invest $250 million over a three-year […]
A new report from the Washington, D.C.-based Employee Benefit Research Institute (EBRI) suggests baby boomer and generation X households who have DB pension plans are more likely to be able to fund basic needs and uninsured health costs. According to the non-partisan organization’s report, these households are 12% less likely to be “at risk” of […]
The Caisse de dépôt et placement du Québec, in partnership with private equity firms Clayton, Dubilier & Rice (CD&R) and AXA Private Equity, has finalized the acquisition of France-based SPIE, a multi-technical services company, from PAI partners. The transaction was first announced in May 2011, for €2.1 billion. CD&R-managed funds invested approximately €510 million in […]
The Caisse de dépôt et placement du Québec and Capital régional et coopératif Desjardins have announced $15.5 million in investments across 15 Quebec companies. This is the continuation of a partnership that was announced between the two organizations in 2010 to provide financial support to Quebec-based small and medium-size businesses (SMBs). In 2010, Desjardins Group […]
The best leadership is by example, and Chris Brown lives this mantra—both on the court and in his pension work. When coach Brown steps onto the basketball court, he’s not only concerned with leading his team to victory, he’s also playing for the future. Brown, the current president of the Association of Canadian Pension Management […]
The Office of the Superintendent of Financial Institutions Canada (OSFI) has released a policy advisory to provide further detail on its expectations with respect to consent benefits. The policy advisory clarifies OSFI’s stance on benefits that are subject to a plan administrator’s consent, such as early retirement benefits. According to the document, OSFI has found […]