Collective defined contribution pension plans could begin to replace DC plans, just as DC plans have replaced the majority of defined benefit plans in recent decades, according to a new paper from the U.S.-based Brookings Institution. CDC plans, also known as hybrid retirement plans, combine elements of DB and DC plans. They pool contributions from […]
With many employers currently planning where employees will work post-coronavirus pandemic, our story on the Royal Bank of Canada’s hybrid work model piqued the interest of Benefits Canada‘s readers, taking the top spot as the most-read story over the past seven days on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. RBC banking […]
The Caisse de dépôt et placement du Québec is launching a suite of financing solutions and support services designed to appeal to Quebec’s mid-market companies. Ambition ME is designed to support high-growth potential companies requiring between $5 million and $75 million financing in order to take them to their next stage of growth. The Caisse […]
Nearly half (44 per cent) of employers that offer retirement benefits said employee productivity has been better than normal over the past year, compared to 29 per cent of employers that don’t offer retirement benefits, according to a survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan. The survey, which […]
The Ontario Teachers’ Pension Plan is appointing Kathryn Fric (pictured) as its next chief risk officer, effective Nov. 1. Fric will report to Jo Taylor, the pension fund’s president and chief executive officer. In the role, she’ll be responsible for providing independent risk oversight of all risk-related activities, leading the establishment of a risk framework and […]
Increasing yield for long-term government bonds and a flat credit spread through the third quarter of 2021 are driving up defined benefit pension liabilities, according to a new report by Aon. In the third quarter of 2021, long-term Government of Canada bond yields increased by 14 basis points while credit spreads remained largely unchanged. According […]
The Alberta Investment Management Corp. is co-investing in a commercial high-rise building in downtown Vancouver. Ownership in the 15,000 square-metre building will be shared with a fellow investor, Toronto-based commercial real estate and asset management firm Starlight Investments. Following the purchase, the building will continue to be occupied by employees of the federal government, which […]
A majority (62 per cent) of Canadians want to continue working from home at least 40 per cent of the work week once the coronavirus pandemic recedes, according to a global survey by LHH and the Adecco Group. The survey — which polled 14,800 workers in 25 countries, including 1,000 Canadians — also found more than […]
Almost 19 months into the coronavirus pandemic, threats to employee well-being continue to intensify with a 21 per cent rise in burnout and a 17 per cent increase in somatic stress symptoms, according to a new study by resilience training system meQuilibrium. The study, which examined changes in overall well-being among more than 5,000 of […]
As almost two-thirds (62 per cent) of Canadian employees say emotional, mental and physical fatigue is the top issue affecting them, 37 per cent feel unsafe to talk about mental health at work, according to a new survey by Sun Life. Among the top reasons was a lack of trust in their employer (55 per […]