The OPSEU Pension Trust ended 2020 with an 8.9 per cent net investment return and maintained its fully funded status. That was down from 2019 when it ended the year with an 11.2 per cent net investment return and maintaining its fully funded status. The plan’s assets grew to more than $23 billion, up from almost […]
Young Canadians are increasingly planning their financial futures as the world faces down a second year of the coronavirus pandemic, according to a new survey by Sun Life Financial Inc. It found that 89 per cent of generation Z (ages 18 to 23) and 80 per cent of millennials (ages 24 to 39) are saving […]
The vast majority (85 per cent) of institutional investors that already engage with Bitcoin plan to increase their investment in the cryptocurrency over the next two years, according to a survey commissioned by Nickel Digital Asset Management. Additionally between now and 2023, 72 per cent of those surveyed said they expect professional investors in general […]
Morneau Shepell Ltd. is rebranding as LifeWorks Inc., subject to approval by the company’s shareholders. “While the Morneau Shepell name has ably served our company through many years of profitable market and geographic expansion, we believe our next stage of growth will require more focus on branding that the new name is intended to support,” said […]
Green Shield Holdings Inc. is acquiring Inkblot Technologies, a virtual mental-health platform that uses artificial intelligence-assisted technology, network effects and advanced analytics to match patients with counsellors. “Building on our previous . . . digital-health investments and partnerships, the acquisition of Inkblot fits with our strategic objective of increasing access for our clients to leading health services […]
The Colleges of Applied Arts and Technology Pension Plan is appointing Asif Haque as chief investment officer, effective May 1. Haque has worked at the CAAT for over 10 years as managing director of public markets, where his team was responsible for the plan’s $11 billion public markets portfolio. Prior to joining the organization, he held […]
Although women must work two years longer than men to be retirement ready, they still retire with 30 per cent less wealth than their male counterparts, according to a Mercer Canada retirement readiness report. The report found women enter retirement with lower retirement savings than men and they also must work longer to achieve retirement […]
Irshaad Ahmad is now serving as Canada Post Corp.’s chief investment officer and vice-president of the Crown corporation’s pension fund. He joined Canada Post in February and brings more than 30 years of investment experience to the role, after serving as managing director and head of institutional Europe at Allianz Global Investors. Prior to that, […]
Canadian employers are preparing vaccination, remote-work and hiring plans as they look forward to a post-coronavirus pandemic world, according to a new survey from ManpowerGroup Canada. It found only eight per cent of employers will mandate employee vaccinations once vaccines are publicly available, compared to 41 per cent who will let individual employees decide for […]
Canadian pension plans saw their funding positions improve on both a solvency and accounting basis in January 2021 compared to December 2020, according to Morneau Shepell Ltd.’s latest monthly pension report. Generally, the plans’ assets remained stable. But the values of plan liabilities and fixed-income assets fell even as bond yields, especially for long-term and real […]