Staff

Ontario Teachers’ backs Indian financial services operator, Caisse invests in business software provider

The Ontario Teachers’ Pension Plan is acquiring a minority stake in India-based financial institution Kogta Financial Ltd. through a Series E investment transaction worth US$148 million. The firm specializes in the secured vehicle and micro-, small- and medium-sized enterprises financing space with loans. The funds from the transaction will be used as primary capital for growth […]

  • June 28, 2024 June 27, 2024
  • 15:00

Meet the 2024 Workplace Benefits Awards judges

With the 2024 Workplace Benefits Awards’ nomination process soon drawing to a close, Benefits Canada is pleased to announce this year’s panel of judges. The deadline for this year’s awards is Friday, July 5, at which time the entries will be turned over to the hands of several industry experts. Read: Who are the winners of the 2023 Workplace […]

  • June 28, 2024 July 19, 2024
  • 09:00

Mental-health claims by Canadians up 132% since pandemic: report

Mental-health claims by Canadians have increased by 132 per cent since the onset of the coronavirus pandemic, according to a new report by GreenShield. The report, which compiled data from the insurer’s claims database between 2020 to 2023, found women and younger generations account for the majority of mental-health services accessed. Among those accessing mental-health services, stress […]

  • June 27, 2024 June 27, 2024
  • 15:00

Mandating Canadian pension funds’ domestic investments could harm plan members: study

A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set up to protect, according to a new study by the Global Risk Institute. The paper examined the potential effect of official legislation that pushes for increased investments in domestic markets, […]

  • June 27, 2024 June 26, 2024
  • 09:00

Three-quarters of Canadian employers offer or are keen to offer flexible benefits: survey

Three-quarters of Canadian organizations (and 67 per cent of global employers) either offer or are keen to offer benefits choice or flexible benefits, according to a new survey by MBWL International, an international joint venture between Barnett Waddingham, Milliman Inc., Lurse and Normandin Beaudry. The survey, which polled more than 250 global employers, found 27 per cent […]

  • June 25, 2024 June 24, 2024
  • 09:00

FSRA releases final guidance on roles, responsibilities of pension plan administrators

The Financial Services Regulatory Authority of Ontario has updated its guidance on the roles and responsibilities of pension plan administrators, adding three additional areas for administrators to enhance protection and stability for pension plan beneficiaries. The guidance, which took effect earlier this month, stated an administrator is responsible for all aspects of the administration of the […]

  • June 24, 2024 June 24, 2024
  • 15:00

Ivanhoé Cambridge increasing investment in real estate partnership, PSP Investments selling data centre operator stake

Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is increasing the size of its investment partnership with Walker & Dunlop Investment Partners to US$500 million. The investment partnership, which was originally formed in 2021, will continue to seek equity investments in multifamily properties, student housing and manufactured housing […]

  • June 21, 2024 June 21, 2024
  • 15:00

Survey finds a fifth of global employees report experiencing loneliness

A fifth of global employees report experiencing loneliness, with the percentage increasing for employees under 35, according to a new report by Gallup Inc. The global report found fully remote employees reported significantly higher levels of loneliness (25 per cent) than those who work fully onsite (16 per cent). Overall, employee well-being declined in 2023 […]

  • June 21, 2024 June 20, 2024
  • 09:00

Shareholders approve Elon Musk’s Tesla pay package, despite objection by institutional investors

A majority (77 per cent) of Tesla Inc. shareholders voted in support of restoring the landmark US$44.9 billion all-stock pay package for chief executive officer Elon Musk, despite public calls against the compensation by a pension fund and a sovereign wealth fund, according to a report by the Associated Press. The shareholder vote, held at […]

  • June 20, 2024 June 20, 2024
  • 15:00

CSSB’s climate risk disclosure standards should align with ISSB’s, with only Canadian-specific modifications: PIAC

The Pension Investment Association of Canada supports closely aligning the Canadian Sustainability Standards Board disclosure standards with the International Sustainability Standards Board’s requirements but recommends it only make necessary Canadian-specific modifications to the guidance. In an open letter to the CSSB, the PIAC noted alignment between financial and sustainability reporting supports “a connectivity that is essential […]

  • June 20, 2024 June 19, 2024
  • 09:00