The Canada Pension Plan Investment Board and hydrogen project developer Power2X are forming a long-term investment partnership aimed at advancing Power2X’s role in the global clean energy transition. The partnership plans to invest an initial €130 million to accelerate the growth of Netherlands-based Power2X as a development platform and fund green molecule projects. The investment […]
Two-fifths (40 per cent) of U.S. employees say they’re working remotely at least one day a week, according to a new report by the Institute for Economic Policy Research at Stanford University. It found the average number of days worked from home increased amid the coronavirus pandemic, from roughly five per cent in 2019 to […]
In 2019, Canadians with disabilities earned an average annual income of $43,400, substantially lower than people without disabilities ($55,200), a pay gap of 21.4 per cent, according to a new report from Statistics Canada. It found a 24.3 per cent pay gap between men with disabilities (average annual earnings of $48,700) and men without disabilities ($64,300). By comparison, […]
Alberta’s finance critic says a report on the feasibility of a provincial replacement for the Canada Pension Plan has been kept back from the public for the past two years. In a press conference held last week, Shannon Phillips, a member of the New Democratic Party and opposition finance critic, criticized the United Conservative Party […]
The Ontario Municipal Employees’ Retirement System’s infrastructure arm, alongside APG Asset Management on behalf of Dutch pension fund ABP, is signing an agreement to acquire an energy infrastructure solutions business. Kenter, which was previously owned by Alliander Corporate Ventures, provides medium-voltage infrastructure, including transformers and switchgear, and metres to more than 25,000 commercial and industrial […]
Canada Post Corp.’s defined benefit pension plan’s assets declined 6.7 per cent in 2022, according to its latest annual report “2022 was a turbulent year for financial markets,” said Jan Faryaszewski, chief financial officer at the Canada Post pension plan, in the report. “The DB component of the plan fell from $32.3 billion to $29.5 […]
Total U.S. sales of workplace disability insurance premiums reached $1.7 billion in the first quarter of 2023 — a year-over-year increase of five per cent — driven by a 17 per cent increase in short-term disability insurance sales, according to a new report by LIMRA. It also found sales of long-term disability insurance premiums were down five […]
A majority of Canadian employees want their employer to implement flexible work hours (68 per cent) and remote working options (52 per cent) to help them feel more in control of their workday, according to a survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than 500 employers and […]
Two-fifths (41 per cent) of U.S. employees say future generations of retirees will be worse off than those currently in retirement, according to a new survey by the Harris Poll on behalf of the Transamerica Institute and the Transamerica Center for Retirement Studies. The survey, which polled more than 5,700 U.S. employees, found this sentiment […]
The Canada Post Corp. pension plan is appointing Thavanesan Naidoo as director of pension fund investments and external equities. Naidoo, who has more than 30 years of experience in pension and investment management, joins the Canada Post plan from the CIBC pension plan where he was director of pension investment strategy. In the new role, […]