The University of Toronto Asset Management Corp. ended 2020 with pension and endowment returns of 11.7 per cent and 11.6 per cent, respectively. In a press release, the UTAM said while the pension return matched that of its benchmark reference portfolio, endowments underperformed by 0.2 per cent. However, it noted long-term performance of the portfolios […]
Almost half (49 per cent) of Canadian employers said they’ve put promotions on hold due to the coronavirus pandemic and, as a result, 61 per cent are worried about staff retention, according to a survey by Robert Half Canada Inc. The drop in promotions hasn’t gone unnoticed by some employees, as a separate poll from […]
The Caisse de dépôt et placement du Québec is among the investors committing more than $600 million to eStruxture Data Centers Inc., a data centre provider in Montreal. The investment will fund eStruxture’s acquisition of data centre provider Aptum Technologies and additional capital expansion projects in Canada, according to a press release. The other investors […]
The majority (72 per cent) of Canadian pension funds said they’re currently focused on consolidation options that offer greater certainty they’ll be able to meet their liabilities, according to a survey by CIBC Mellon. It also found 50 per cent of pension funds surveyed plan on implementing consolidation plans over the next three to five […]
Does your organization’s benefits or pension plan communications deserve recognition? Are you leading the way when it comes to supporting your employees’ mental health? Is your company’s financial wellness program award-worthy? Benefits Canada’s annual Workplace Benefits Awards is officially open for nominations. Submit your entries here. As in previous years, the 2021 awards will continue to honour the achievements of exceptional Canadian […]
The Conference Board of Canada’s 150 group plan members are joining the College of Applied Arts and Technology’s defined benefit pension plan. Effective June 1, The Conference Board will be the latest non-profit organization to join the CAAT’s DBplus plan. Other non-profits that joined the plan recently include: St. John Ambulance, the Northwest Community Legal Clinic, […]
People Corp. is acquiring British Columbia-based Benefits by Design Inc. Benefits by Design is a benefits provider focused on the small-to-medium-sized segment of the Canadian market, specializing in designing, implementing and maintaining employee benefit solutions for their clients, according to a press release. In December, People Corp. was acquired by Goldman Sachs Group Inc.’s merchant […]
The Alberta Investment Management Corp. is reporting a total fund return of 2.5 per cent net of all fees for 2020, approximately 5.4 per cent below that of its benchmark. The total represents approximately $3 billion in net investment income, with assets under management reaching $118.6 billion, according to a press release, which noted the […]
Fundamental changes to the traditional workplace are causing greater levels of mental distress for managers and non-managers alike in the Canadian workforce, noted findings from Morneau Shepell Ltd.’s latest monthly mental-health index. At the one-year mark, the mental-health score for March 2021 (negative 11.2) was similar to that of April 2020 (negative 11.7) but slightly […]
Manulife Financial Corp. is making Phzio Canada’s virtual physiotherapy platform available to its plan members, noted a press release. Approximately one in five employees will experience a musculoskeletal condition annually that impacts their ability to perform in the workplace, resulting in an increased need for treatment programs, accommodations and time away from work, said the […]