The OPSEU Pension Trust is reporting a net investment return of 15.3 per cent for 2021, a result driven by strong private equity performance. In its 2021 funded status report, the OPTrust said its private equity portfolio generated a net return of 52.2 per cent. By comparison, public equities provided a net return of 12.9 […]
While 84 per cent of Ontarians believe mental-health support is vital to move beyond the coronavirus pandemic, less than a third (28 per cent) feel support is easy to access, according to a new survey by the Ontario Association of Social Workers. While more than half (54 per cent) of survey respondents said they have […]
More than half (58 per cent) of U.S. employees say their employer has supported their well-being during the two-year coronavirus pandemic, according to a new survey by WTW. The survey, which polled more than 9,600 employees, also found 70 per cent of respondents reported feeling comfortable in the workplace, while two-thirds said their employers are […]
The Canada Pension Plan Investment Board is financing US$350 million of debt for a global education technology provider. Valued at US$3.2 million, Mumbai-based Emeritus offers individuals, companies and governments access to remote learning classes. It has earmarked the funds for use by its mergers and acquisitions team, according to a press release. This isn’t the first […]
When it comes to fostering a working environment that empowers women, about a third (36 per cent) of Canadian employees believe a hybrid work model is most beneficial for advancing women and minorities, according to a new survey by HP Canada. Published to coincide with International Women’s Day, the survey rated an in-person/office model as […]
In response to the ongoing war in Ukraine, more Canadian public sector institutional investors are announcing plans to exclude Russian assets from their portfolios. The Investment Management Corp. of Ontario and the Ontario Pension Board will divest their portfolios of existing Russian assets as soon as possible. Efforts to immediately divest are currently impossible as […]
Three-quarters (75 per cent) of defined contribution plan sponsors cite reviewing fees as the most important step they took to improve their fiduciary position in 2021, according to a new survey by U.S. investment consulting firm Callan. This was followed by examining the plan’s investment policy statement (63 per cent) and investment structure (61 per cent) […]
Increased benefits and expanded mental-health coverage are among the highlights of a new collective agreement ratified by Oakville Transit workers who are also members of Unifor Local 1256. Under the agreement, which ends a two-week strike, the workers will see an increase in their vision care coverage, from $400 to $450 annually. It also includes […]
Developing a made-in-Canada approach to employee ownership trusts will address multiple public policy challenges, according to a new report by non-profit Social Capital Partners. Employee-owned companies — where a broad base of employees own a significant stake in their employer — are associated with better company performance, stronger local economies, long-term investment and higher wealth […]
Terumo Corp. is establishing a global diversity, equity and inclusion philosophy and guiding principle to cultivate a culture of DEI within its organization and workforce. The medical device company provides products in more than 160 countries and regions and has more than 26,000 employees around the globe. According to a press release, the organization believes […]