Staff

Ontario Teachers’ selling ownership stake in Copenhagen airport, OMERS closes €1BN term notes offering

The Ontario Teachers’ Pension Plan is selling its stake in Copenhagen Airports A/S to co-shareholder Arbejdmarkedets Tillægspension. The Denmark-based investor has been a joint venture partner with the investment organization and co-owner of the airport since 2017. The financial details of the transaction weren’t disclosed. “We would like to thank ATP for their collaboration and […]

  • February 3, 2025 February 3, 2025
  • 14:55

Ivaco Rolling Mills, USW agreement includes pension, benefits gains

The union representing roughly 435 employees at Ivaco Rolling Mills in eastern Ontario has ratified two five-year collective agreements that include pension and benefits gains. The agreements include pension improvements to the defined contribution pension plan, with pension contributions beginning earlier upon completion of probation and employer matches of up to four per cent for […]

  • January 31, 2025 January 30, 2025
  • 09:00

Canadian government long-term bond yields rise as feds deploy aggressive rate cuts: report

Yields for long-term Canadian government bonds rose in December on the heels of aggressive rate cuts by the Bank of Canada, according to a new report by FTSE Russell. It found a bear curve steepening resumed in December, following the Bank of Canada’s 50 basis-point rate cut, as long yields rose and two-year yields were […]

  • January 30, 2025 January 29, 2025
  • 09:00

A third of U.S. employers including cell, gene therapies in their benefits plan: survey

A third (33 per cent) of U.S. employers currently include cell and gene therapies in their benefits plans and 36 per cent are actively evaluating the use of these treatments, according to a new survey by the Integrated Benefits Institute. The survey, which polled more than 400 U.S. employers and more than 200 benefits consultants, […]

  • January 28, 2025 January 28, 2025
  • 14:30

PSP Investments appointing Patrick Charbonneau as CIO, Yannick Beaudoin to lead Canada Growth Fund

The Public Sector Pension Investment Board is appointing Patrick Charbonneau as its new chief investment officer, effective February 3, 2025. He’ll oversee portfolio design and beta management activities, the fund’s overall investment strategy and the treasury function. Charbonneau succeeds Alexandre Roy, senior managing director of total fund management at the investment organization, who served as […]

  • January 24, 2025 January 24, 2025
  • 15:00

PSP Investments closing final lease for London office asset, CPPIB joining U.S. real estate joint venture

The Public Sector Pension Investment Board is reporting its London-based office real estate asset is fully leased. “We are delighted that 22 Bishopsgate has reached full occupancy, marking a significant milestone for this asset,” said Stéphane Jalbert, managing director and head of Asia-Pacific and Europe, real estate investments at PSP Investments, in a press release. […]

  • January 24, 2025 January 23, 2025
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article on why a majority of Canadians are planning to switch jobs this year was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Six in 10 Canadian employees planning to change jobs this year: survey 2. Acera Insurance’s group […]

  • January 24, 2025 January 23, 2025
  • 09:00

Average funded ratio of Canadian DB pension plans up 2% in Q4 2024: report

The funded ratio of the average Canadian defined benefit pension plan grew by two per cent during the fourth quarter of 2024 and 12 per cent since the start of the year to 129 per cent, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans was […]

  • January 23, 2025 January 22, 2025
  • 11:00

Netherlands pension fund divesting 2.8 million shares in Tesla: report

Dutch civil worker pension fund Stichting Pensioenfonds ABP is selling its entire stake in Tesla Inc., according to a report by Business Insider. The investment organization sold 2.8 million shares in the electric vehicle manufacturer last September. A separate report by Bloomberg indicated ABP’s Tesla stake was valued at approximately US$585 million. Read: Shareholders approve […]

  • January 22, 2025 January 22, 2025
  • 15:00

79% of Canadian employees report improved well-being due to flexibility of hybrid work: survey

More than three-quarters (79 per cent) of Canadian employees say their overall well-being has significantly improved due to the greater flexibility offered by hybrid working, according to a new survey by International Workplace Group. The survey, which polled more than 1,000 Canadian employees, found 64 per cent said their physical health has improved due to […]

  • January 22, 2025 January 22, 2025
  • 15:00