A quarter (24 per cent) of U.S. employees who are in a caregiving role for both a child and dependent adult are more likely to say they want to leave their current job, according to a new survey by Principal Financial Group. The survey, which polled 500 employers and 500 employees, found 22 per cent […]
Sun Life Financial Inc. is appointing Jacques Goulet as executive chair and Jessica Tan as president of Sun Life Canada, effective Sept. 30. In his new role, Goulet will support a smooth leadership transition and help deliver on key elements of the company’s enterprise strategy. He’ll also continue as the chair of the board of […]
Employers that are highly focused on employee well-being are twice as likely to report better human capital and financial outcomes than companies with low well-being effectiveness, according to a new survey by WTW. The survey, which polled more than 3,600 global employers and more than 45,000 employees, found 69 per cent of highly effective employers reported […]
Bristol-Myers Squibb Co. is being targeted in a lawsuit over a US$2 billion pension risk transfer deal completed in 2019 with Athene Annuity and Life Co. The class action lawsuit, filed by former employee Charles Doherty and which names independent consultant State Street Global Advisors Trust Co. as a defendant, argues the pharmaceutical company is […]
The union representing more than 1,600 faculty, librarians, archivists and post-doctoral researchers at York University has ratified a three-year collective agreement that includes multiple benefits gains. The agreement includes an increase in coverage for eyeglasses from $850 to $935 every 24 months, as well as an increase for paramedical services from $3,000 to $3,200. In […]
The Canada Pension Plan Investment Board is reinvesting $532 million in its majority-owned Brazilian water and sanitation company Iguá Saneamento. The new financial commitment will fund the company’s growth in the Brazilian state of Sergipe, according to a press release. “This sector has significant room for growth while also providing opportunities to invest in long-term, […]
Roughly one in ten (11 per cent) of all leaves of absence among U.S. workers in the first quarter of 2024 were due to mental health — a 22 per cent increase from this period last year, according to a new report by ComPsych Corp. The report, which analyzed ComPsych’s absence book of business that […]
A majority of global employees say they feel more productive (84 per cent) and more connected to their teams (82 per cent) while working in hybrid or remote working environments than those working onsite, according to a new survey by Zoom Video Communications Inc. The survey, which polled more than 600 C-suite leaders and nearly […]
The funded position of a typical Canadian defined benefit pension plan rose on both a solvency and accounting basis in July, according to Telus Health’s latest pension index. It found the solvency of the average DB plan rose to 107.8 per cent, up from 107.6 per cent in June, while the accounting index increased from […]
The Caisse de dépôt et placement du Québec is investing $575 million in Montreal-based natural gas company Énergir. The investment, which will be made in partnership with the Fonds de solidarité FTQ, is designed to fund a decarbonization and resilience strategy at Énergir and will fund renewable energy projects and renewable natural gas production plants, according […]