The funded position of a typical defined benefit pension plan increased on both a solvency and accounting basis during the month of June, according to the latest pension index from Telus Health. In June, the solvency of the average DB plan rose to 103.2 per cent, up from 101.4 per cent during the month of […]
While more than half (55 per cent) of U.S. generation X employees participate in an employer-sponsored retirement savings plan, nearly two-thirds of men (62 per cent) and women (64 per cent) participating in these plans say they’ve saved less than 10 per cent of their retirement savings target, according to a new report by the […]
Canadian employers say competition for talent (84 per cent) is the No. 1 issue influencing their benefits strategies, according to a new survey by WTW. The survey, which polled around 130 employers, found rising mental-health issues (63 per cent), a focus on inclusion and diversity (48 per cent) and rising costs (40 per cent) are […]
Vestcor Inc.’s chief executive officer John Sinclair will retire after 20 years with the organization. He’ll stay on as CEO of the provincial investment management, pension and benefits administration organization until a successor is named following a board-led executive search process. “On behalf of the board of directors and the over 150 professionals who work at […]
The Caisse de dépôt et placement du Québec is investing in a Quebec-based company that develops, sells and rents pre-fabricated modular buildings for the educational market. According to a press release, the investment will enable AMB Modulaire, in which Lise Bernier and Jacques Latreille have been shareholders for more 15 years, to finalize the transfer process […]
Canadian institutional investors are optimistic about the prospects of emerging markets bonds, with more than half (52 per cent) saying they’re likely to increase their exposure over the next two years, according to a new survey by Vontobel Asset Management Inc. The survey, which polled more than 200 global institutional investors across Asia-Pacific, Europe and […]
Nearly a quarter (22 per cent) of U.S. employees say they’ve experienced harm to their mental health or experienced harassment at work in the past 12 months, compared to 14 per cent in 2022, according to a new survey by the American Psychological Association. The survey, which polled more than 2,500 employees, found 19 per […]
The U.K. government is introducing legislation that aims to increase defined contribution pension plan savings by more than £1,000 a year in retirement for the average plan member. The legislation will commit nine of the U.K.’s largest DC plan providers to an objective of allocating five per cent of assets in their default funds to […]
Navacord Corp. is partnering with Belay Advisory, an Edmonton- and Calgary-based benefits consulting and wealth advisory firm. “We were drawn to Navacord because of their decentralized model that fosters strong entrepreneurial spirit, which has always been a cornerstone of our success at Belay,” said John Goode, a partner at Belay Advisory, in a press release. […]
The union representing employees at Montreal-based Canadian Aviation Electronics Ltd. has ratified a five-year agreement that includes retirement and benefits gains. The new agreement includes an early retirement program that allows employees to retire without penalty at the agreed upon time in the second and fourth year, starting at age 58 and meeting the factor […]