The majority (71 per cent) of institutional investors expect to add digital assets to their investment portfolios within the next five years, according to a new survey by Fidelity Digital Assets. The survey, which polled 1,100 investors, asset managers and financial advisors in Asia, Europe and the U.S., found 52 per cent of respondents said […]
The average funded ratio of the top private sector defined benefit pension plans in the U.S. dipped for the first time since September 2020, according to a new index by actuarial firm Milliman. The index, which tracks the funded ratio of the 100 top-performing U.S. private sector DB plans, saw the average ratio dip to […]
Three of Canada’s largest pension funds are investing in a new fund focused on the global transition to a net-zero economy. The Brookfield Global Transition Fund, founded by Brookfield Asset Management Inc., closed its funding after raising US$7 billion ($8.8 billion) with the help of the Investment Management Corp. of Ontario, the Ontario Teachers’ Pension Plan […]
A majority (63 per cent) of U.S. employees said their employer doesn’t offer a financial wellness program, according to a new survey by the Defined Contribution Institutional Investment Association. It found only 18 per cent of respondents have access to financial wellness resources through their employer and, of these respondents, just eight per cent have […]
About 900 employees at Rio Tinto Group’s aluminum smelting facilities in Kitimat, B.C. are on strike after Unifor Local 2301 and the company failed to reach an agreement on July 25. The union continued negotiations with Rio Tinto until the strike deadline at midnight, according to a press release. Unifor is seeking changes to workers’ […]
The University Pension Plan has selected CIBC Mellon to provide asset servicing, investment operations and plan member services, including custody, institutional accounting, performance and analytics, risk, compliance and pension benefit payment services. The jointly sponsored pension plan, which was launched on July 1, currently covers employees at Queen’s University, the University of Guelph and the University of Toronto, with […]
Aon and Willis Towers Watson have agreed to terminate their proposed merger and end litigation with the U.S. Department of Justice. The merger, which was first announced in March 2020 and received shareholder approval in August 2020, was challenged last month, with the DOJ asserting the deal could eliminate competition, raise prices and hamper innovation […]
As global equities overcame inflationary fears and continued an upward trend, Canadian pension plan investment returns increased during the second quarter of 2021, with the median plan returning 4.1 per cent, according to Northern Trust Canada’s pension universe. “The course of the pandemic has certainly taught us attributes about strength and adaptation, fundamentals we can […]
Ontario’s temporary paid sick leave program is receiving less uptake than initially expected. The Canadian Broadcasting Corp. reported Friday that, as of July 21, a total of $13.2 million in claims have been made to the program, which is retroactive to April 19 and ends on Sept. 25. When the program was first launched this […]
For slightly more than half (52 per cent) of U.S. employers, the chief human resources officer is either partially or fully responsible for diversity, equity and inclusion efforts at their company, according to a new survey by XpertHR, a subsidiary of LexisNexis Risk Solutions Group. The survey, conducted among nearly 400 U.S. employers in May, […]