The Ontario Teachers’ Pension Plan is appointing Tim Deacon (pictured) to succeed David McGraw as the plan’s new chief financial officer, effective April 19. He joins the Ontario Teachers’ after serving as group controller and global chief accounting officer at Manulife Financial Corp. Prior to that, Deacon was CFO of Manulife’s global wealth and asset management businesses […]
Men and women are unevenly participating in equity compensation plans among private employers, according to new research conducted in the U.S. by Morgan Stanley. The investment bank and financial service company found only 41 per cent of women participated in these plans, compared to 52 per cent of men. And of those individuals who were […]
In its 2021 budget on Wednesday, the Ontario government said it’s requiring pension plan administrators to calculate and report their plan’s claim exposure to the pension benefits guarantee fund, to support the protection of benefits into the future. A review of the fund, discussed in the province’s 2020 budget, found there was a need for […]
Manulife is rewarding its group benefit and individual insurance members of its Vitality health and wellness program who receive the coronavirus vaccine with points. The Manulife Vitality program encourages Canadians to get healthier and awards vitality points, which members can use to achieve new status levels and unlock different rewards, noted a press release. And […]
The Caisse de dépôt et placement du Québec is part of an investment group acquiring New Look Vision Group Inc., a provider of eye-care products and services across North America. According to a press release, New Look Vision is valued at $800 million, and the Caisse, along with FFL Partners, LLC and the Dr. H. […]
As Saskatchewan’s provincial government rolls out phase two of its vaccine delivery plan, the province is also amending its occupational health and safety regulations to allow employees to receive paid time off from work to get vaccinated for the coronavirus. According to a press release, the amendment to the Occupational Health and Safety Regulations, 2020 establishes that […]
The Alberta Teachers’ Association is taking legal action against the recent ministerial order enacted on several of the province’s pension plans, including the Alberta Teachers’ Retirement Fund. In documents submitted to court on March 10, the association argues the terms and conditions imposed in Finance Minister Travis Toews’ order are inconsistent with the province’s Teachers’ […]
Approximately 500 members of the St. John Ambulance pension plan are joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. The not-for-profit organization’s pension plan is comprised of an ongoing defined contribution plan and a defined benefit plan that was closed at the end of 2014, according to a press release. The […]
Urban Nature Store will offer paid time off to all of its full- and part-time hourly employees who choose to receive the coronavirus vaccine, regardless of whether their vaccination appointment times are scheduled during or outside of work hours. The Canadian-owned, regional store chain will provide vaccinated employees, from each of its seven southern Ontario […]
Employees that include company stock in their overall financial planning are more loyal and have a higher output level, according to new research conducted in the U.S by Fidelity Investments Inc. It found these employees were twice as likely to work harder, three times as likely to feel loyalty to their employer and three times […]