Among Canadian companies providing disclosure for 2023, women held 29 per cent of board seats, up from 26 per cent in 2022, according to Osler Hoskin & Harcourt LLP’s latest diversity report. The report tracked companies subject to the Canada Business Corporations Act that disclosed the number of women, Indigenous peoples and visible minorities represented […]
Two-thirds (66 per cent) of large institutional asset owners say they plan to increase their allocations to private markets over the coming year, according to a new survey by Mercer. The survey, which polled about 60 global asset owners, found among those planning to increase their private market investments, 50 per cent said they’re pivoting […]
Canada ranks No. 9 among the top 10 countries with the best work-life balance, according to a new report by Remote Technology Inc. The report examined 60 countries and assessed factors such as minimum wage, sick leave, maternity leave, health-care availability, public happiness, average working hours and LGBTQ2S+ inclusivity. Read: Ottawa named a top city for work-life […]
An article on the Association of Canadian Pension Management’s response to the Canadian Association of Pension Supervisory Authorities’ draft risk management guideline was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CAPSA pension risk management guideline too divergent, says ACPM 2. B.C. Municipal Pension Plan appointing […]
About a third (34 per cent) of the companies on the S&P/TSX composite index are meeting the reporting requirements for environmental, social and governance standards by disclosing the metrics of all of their sustainability related risks and opportunities, according to a new report by consultancy Millani. The report, which reviewed ESG standards in Canadian public companies, […]
The Ontario Teachers’ Pension Plan is partnering with an infrastructure investment company to oversee its container firm SeaCube Container Leasing. The pension fund will enter into a co-control structure agreement with Wren House Infrastructure Management Ltd., which bought an equity stake in the Bermuda-based container operator. The financial details of the partnership haven’t been disclosed. […]
The Financial Services Regulatory Authority of Ontario’s proposed guidance on pension plan administrator roles and responsibilities requires more clarity and consistency, according to the Association of Canadian Pension Management. In an open letter, the ACPM recommended greater clarity regarding the distinction between statutory guidance and general commentary, particularly in the sections on records retention and […]
Sixty per cent of Canadian employees say they’d be willing to accept a lower salary in exchange for flexible working hours or a remote working arrangement, according to a new survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than 500 employers and more than 500 employees, found […]
Three-quarters (74 per cent) of U.S. employers say they increased their communications about compensation and benefits in 2023, according to a new survey by Arthur J. Gallagher & Co. The survey, which polled more than 4,000 U.S. companies, found roughly half (53 per cent) rated their employees’ understanding of compensation and benefits as excellent or good. […]
The British Columbia Municipal Pension Plan is appointing Chelsea Kittleson as executive director, effective Nov. 15, 2023. She joins the pension plan from the British Columbia Investment Management Corp., where she was director of client relations. In the new role, Kittleson will oversee the office that supports the MPP’s board of trustees and act as […]