Staff

Ontario’s guidance for target-benefit MEPPs undermines incentives for plan sponsors: ACPM

The Ontario Ministry of Finance’s proposed guidance for multi-employer target-benefit pension plans undermines incentives for employers to contribute towards their employees’ retirement savings, including cost certainty, with unduly burdensome regulatory framework, according to the Association of Canadian Pension Management. In an open letter, the ACPM expressed its hesitation about proposed rules restraining trustees’ ability to prudently […]

  • October 30, 2023 November 2, 2023
  • 09:00

Normandin Beaudry partnering with MBWL International to expand cross-border reach

Normandin Beaudry is partnering with MBWL International, a joint venture between U.K.-based Barnett Waddingham, U.S.-based Milliman Inc. and Germany-based Lurse. This new partnership will enable Normandin Beaudry to extend its total rewards consulting services to Canadian companies with cross-border requirements, according to a press release, which noted the consultancy will join as an equal partner. […]

  • October 27, 2023 October 27, 2023
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article announcing the winners of Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Who are the winners of the 2023 Workplace Benefits Awards? 2. Lululemon wins award for holistic absence management programs 3. 40% of Canadian employers offering higher starting […]

  • October 27, 2023 October 26, 2023
  • 09:00

Caisse pledging to allocate up to $8BN to Quebec managers by 2028

The Caisse de dépôt et placement du Québec is aiming to more than double the size of the assets it entrusts to Quebec external managers to as much as $8 billion by 2028. The decision is part of an overall goal of reaching $100 billion in Quebec-based investments by 2026, according to a press release. The Caisse renewed […]

  • October 26, 2023 October 25, 2023
  • 11:00

Market share of responsible investing AUM increases to 49% in 2023: report

The market share of responsible investment assets under management rose slightly in 2022, from 47 per cent to 49 per cent, even as AUM in general decreased, according to the Responsible Investment Association’s annual trends report. The report tracks the national trends and outlook for responsible investing by surveying asset managers, including the Alberta Investment […]

  • October 26, 2023 October 25, 2023
  • 09:00

Survey finds U.S. employers are targeting health-care costs, mental health for 2024

More than two-thirds (69 per cent) of U.S. employers say they’re focused on managing health-care plan costs, following a projected cost increase of 6.4 per cent in 2024, according to a new survey by WTW. The survey, which polled more than 450 U.S. employers, found 63 per cent said they’re focused on enhancing mental-health and […]

  • October 25, 2023 October 24, 2023
  • 09:00

60% of global DC pension plan members say inflation impacting retirement plans: survey

Nearly two-thirds (60 per cent) of global defined contribution pension plan members say they’re thinking differently about retirement amid rising inflation, according to a new survey by MFS Investment Management. The survey, which polled roughly 4,000 global DC plan members, found workers younger than age 45 were more likely to say they’ll need to save more […]

  • October 24, 2023 October 24, 2023
  • 15:00

IMCO joining network of employee ownership coalition

The Investment Management Corp. of Ontario is joining Ownership Works, a non-profit organization dedicated to implementing broad-based employee ownership programs, as a founding investor partner. Through partnerships with companies and investors, Ownership Works is aiming to change the corporate culture of ownership by integrating broad-based equity plans that include employee ownership, according to a press […]

  • October 24, 2023 October 24, 2023
  • 11:00

40% of Canadian employers offering higher starting salaries amid hiring challenges: survey

The majority (92 per cent) of Canadian employers say they face challenges hiring skilled talent and 40 per cent say they plan to increase starting salaries in 2024 to attract and retain highly skilled workers, according to a new survey by Robert Half Canada. The survey, which polled more than 1,300 employers and more than […]

  • October 24, 2023 October 23, 2023
  • 09:00

CPPIB reports $79BN exposure to green and transition assets

The Canada Pension Plan Investment Board says it will meet its goal of holding $130 billion in green and transition assets by 2030, according to a new report by the investment organization. The CPPIB’s current green asset mix was $79 billion as at March 31, 2023, up 17.9 per cent year-over-year from $66 million. “We […]

  • October 24, 2023 October 23, 2023
  • 09:00