The median Canadian defined benefit pension plan’s investments declined 8.8 per cent during the second quarter of 2022, according to a new report by Northern Trust Canada. The report draws from the Northern Trust Canada universe, which tracks the performance of Canadian DB plans. It also found the median plan’s investments were down 14.5 per cent […]
Nearly three-quarters (73 per cent) of employers have increased their communications emphasis on mental-health and behavioural health offerings in the past two years, according to a new survey by the International Foundation of Employee Benefit Plans. In addition, the survey found 90 per cent of employers said they offer employee assistance programs, 86 per cent […]
Eight in 10 (81 per cent) U.S. employees with an employer-sponsored retirement savings plan say they’re concerned about inflation impacting their retirement, according to a survey by BlackRock Inc. It found nearly two-thirds (64 per cent) of respondents with a workplace retirement savings plan are worried about their nest egg lasting throughout their lifetime, a […]
The Alberta Investment Management Corp. is acquiring a Canadian rail service provider. In a deal reached with the business’s previous owners — its employees and TorQuest Partners Inc. — the investment organization has secured ownership of Cando Rail and Terminals Ltd. No changes in the company’s management will occur as a result of the transition. […]
While more than a third of disability claims under Canadian employer-sponsored benefits plans in 2022 were due to mental-health reasons, just two-thirds (63 per cent) of organizations are addressing this risk effectively, according to a new survey by Mercer. The survey, which polled more than 100 organizations globally, found more than half (55 per cent) […]
The Ontario government is extending its paid sick leave program to March 31, 2023 to ensure employees don’t lose pay if they miss work due to a coronavirus infection. Eligible workers will continue to receive up to $200 a day for a maximum of three days if they need to get tested, vaccinated, receive booster […]
A quarter (26 per cent) of Canadians say work factors are their primary sources of stress, according to LifeWorks Inc.’s latest mental-health index. Among this group, the leading sources of stress were volume of work (25 per cent), performance demands (14 per cent) and lack of support (12 per cent). Three-quarters (74 per cent) of all […]
The Public Sector Pension Investment Board is appointing Deborah Orida as president and chief executive officer, effective Sept. 1. Most recently, Orida was senior managing director, global head of real assets and chief sustainability officer at the Canada Pension Plan Investment Board. Read: CPPIB taps Deborah Orida as chief sustainability officer Orida will succeed Neil Cunningham […]
Global employee engagement is decreasing amid turbulent world events, such as the ongoing coronavirus pandemic, falling to 61 per cent in the first quarter of 2022, according to a new survey by Kincentric. The survey, which polled 12 million employees in 125 countries, found in the last two years, employee engagement peaked at 73 per […]
The Public Sector Pension Investment Board is selling a portion of its stake in a talent agency expanding into the marketing advisory sector. Controlling interest in the United Talent Agency Inc., which represents film and television actors, musicians, athletes and podcasters, will pass to the EQT Group’s private equity fund. A portion of the equity […]