More than two-thirds (68 per cent) of U.S. employees say they’re more likely to stay longer at their current job if their employer offers financial wellness benefits, according to a new survey by software platform TalentLMS. The survey, which polled 1,000 employees, found 73 per cent said their employer offers financial wellness benefits. The top […]
The Canadian Federation of Pensioners is taking issue with some of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including a focus on transferring pension risk from plan sponsors to plan members. In its response to the provincial regulator’s consultation draft, the CFP said transferring this risk would be a significant […]
The Canada Pension Plan Investment Board’s assets returned 0.2 per cent during the second quarter of fiscal 2023, according to its latest quarterly report. By Sept. 30, 2022, the investment organization’s net assets reached $529 billion, up from $523 billion at the end of June. About $5 billion was generated by net transfers, while the […]
Capital accumulation plan member outcomes saw modest increases in the third quarter, due to high annuity rates that shielded members from modest investment market declines, according to a new report by Eckler Ltd. It found a typical male member retiring at the end of September achieved a gross income replacement ratio of 60.3 per cent […]
Nearly half (47 per cent) of U.S. employees say they’d like to receive more recognition for their work, while 21 per cent say they’re never recognized for their efforts, according to a new survey by Eagle Hill Consulting. The survey, which polled more than 1,300 employees, found when employees’ work is recognized, they’re more likely […]
The Ontario Teachers’ Pension Plan is facing losses from an investment in a cryptocurrency exchange that filed for bankruptcy on Nov. 11. The pension fund invested a total of US$95 million in FTX International, a Bahamas-based exchange, which was valued at US$32 billion in 2021. In October 2021, the Ontario Teachers’ invested US$75 million in FTX, followed by […]
The Public Sector Pension Investment Board is revealing details about its responsible investment strategy in a new report. PSP Investment’s responsible investment report highlights its efforts to integrate material environmental, social and governance factors into its investment process. It also includes a climate-related financial disclosure based on the recommendations of the task force on climate-related […]
The City of Toronto is lifting its coronavirus vaccination mandate for employees, effective Dec. 1. According to a press release, the mandate, which was introduced in September 2021, is ending due to more than 99 per cent of City employees and more than 90 per cent of the public having at least two doses of […]
A joint venture involving the Canada Pension Plan Investment Board is investing in a hotel in Rome. The acquisition of the W Rome is part of a joint venture between the CPPIB and Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group. The luxury hotel, which will continue to operate under the W […]
The Canada Pension Plan Investment Board is appointing Richard Manley as its chief sustainability officer. In the role, Manley will lead the team responsible for refining and enacting a strategic roadmap to help the investment organization navigate the global transition away from fossil fuels. The CPPIB expects the plan to help anticipate, manage and integrate […]