Nearly two-thirds (64 per cent) of Americans say they wish they’d started saving for retirement when they were younger than age 25, according to a new survey by Voya Financial Inc. The survey, which polled more than 1,000 Americans adults, found more than half said they started saving for retirement when they were between ages 18 […]
The Alberta Investment Management Corp. is backing an acquisition deal that will see Singapore-based Cyan Renewables buy Australian offshore marine services provider MMA Offshore Ltd. in a deal worth U.S.$714 million. According to a press release, the AIMCo participated in the acquisition through its investment in Cyan. MMA shareholders stand to obtain a 31 per […]
An article on the City of Philadelphia’s return-to-office mandate was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the week: 1. City of Philadelphia employees ordered back to office 5 days per week 2. CPPIB appointing Priti Singh as senior managing director, chief risk […]
The Ontario Pension Board is making two senior executive appointments as part of its management transition plan. The organization is appointing Marc Rondeau (pictured right) as executive vice-president and chief pension officer and Mila Babic (pictured left) as executive vice-president and chief client services officer, effective Aug. 6, 2024. Rondeau will replace Darwin Bozek as […]
Half (51 per cent) of women in the U.S. aged 65 who are entering their peak retirement years have less than $100,000 saved, with the percentage rising (67 per cent) among single women, according to a new survey by Artemis Strategy Group on behalf of non-profit the Alliance for Lifetime Income. The survey, which polled more than 2,500 consumers between […]
Liquidity status is helping some of Canada’s biggest pension funds meet the challenges of a volatile investment market thanks to exceptional liquidity status, according to a new report by Fitch Ratings Inc. The report, which compared the credit ratings and portfolios of seven of the largest Canadian pension funds with approximately $2.1 trillion in net […]
More than half (52) per cent of new public safety employee hires are expected to retire from a defined benefit pension plan, according to a new report by the National Institute on Retirement Security. The report, which reviewed data from 28 U.S. police and fire pension plan sponsors, found that DB plans are an effective […]
Nearly all (95 per cent) Canadian employees recognize their financial situation significantly impacts their personal well-being and 92 per cent of human resources leaders agree, according to a new report by Dialogue Health Technologies Inc. The survey, which polled more than 1,600 working Canadians, across all age groups and provinces, found more than a quarter […]
A third (32 per cent) of Canadian employers say mandatory minimum wage hikes result in increased wages across the entire company, according to a new survey by the Harris Poll on behalf of Express Employment Professionals. The survey, which polled more than 500 hiring decision-makers and more than 500 employees, found the main driver for […]
The Canada Pension Plan Investment Board is appointing Priti Singh (pictured) as senior managing director and chief risk officer. Singh, who most recently served as senior managing director and global head of capital markets and factor investing, will replace Kristen Walters, who’s leaving the CPPIB after more than 30 years in risk management. Read: CPPIB […]