A new report by the Ontario government’s advisory committee on the future of work is recommending the introduction of a new portable benefits program. The Ontario Workforce Recovery Advisory Committee, which delivered its interim report this summer, set out 21 recommendations, including supporting workers who fall outside the purview of traditional benefits programs. The report […]
With many employers eyeing a return to the office in 2022, it’s no surprise a story looking at how the City of Toronto and a range of national banks are rolling out return-to-workplace plans took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. City […]
The Canada Pension Plan Investment Board is entering a joint venture to develop, acquire and manage rental communities in the U.S. The agreement, between the CPPIB and Greystar Real Estate Partners, involves a combined capital commitment of US$840 million. Profits from the joint venture will be unevenly split, with the CPPIB entitled to a 95 […]
Central bankers in developed economies are downplaying the risk of long-term inflation rises, according to a new paper by the Fraser Institute. “Absent a sharp reversal of central bank programs of quantitative easing, forecasts that inflation will return to the two per cent target rate of central banks by mid-2022 at the latest are likely […]
Almost three-quarters (73 per cent) of global institutional investors expect interest rates to rise in 2022, according to a new outlook survey by Natixis Investment Managers. Concern about rising interest rates were also reflected in responses to questions about investment decision-making, with 71 per cent of respondents saying they believe the stock market’s current rate […]
More than three-quarters (78 per cent) of U.S. employees said they want their employer to offer paid leave after adopting a new pet, according to a new survey by LiveCareer. The benefit was more popular among millennial workers (82 per cent) than their older counterparts (73 per cent). In addition, 77 per cent of all […]
Arthur J. Gallagher & Co. is completing its acquisition of Willis Towers Watson’s global reinsurance business, Willis Re. The US$3.25 billion transaction was first announced in August and was finalized earlier this month. Together with Gallagher’s existing reinsurance operations, the combined businesses will trade as Gallagher Re from more than 70 offices across 31 countries and incorporate 2,400 […]
The Canada Pension Plan Investment Board is making two senior appointments. The organization is appointing Maximilian Biagosch as its senior managing director, Europe regional head and head of direct private equity and Agus Tandiono as its senior managing director, regional head and head of fundamental equities Asia. The promotions comes as part of a strategy […]
The Canadian Investment Review is pleased to announce the finalists for the second annual Pension Leadership Awards. This year, the awards welcomed more than 20 applications highlighting the actions of leading figures and organizations within the pension sector. In the preliminary judging phase, three finalists were chosen for each award category. Read: Announcing the winners of […]
Despite muted investment returns in the third quarter of 2021, capital accumulation plan member outcomes improved as annuity rates continue to rise, according to Eckler Ltd.’s latest CAP income tracker. It found a typical male CAP member retiring at age 65 at the end of September achieved a gross income replacement ratio of 59.5 per […]