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OMERS backing oncology network, Caisse and Bâtirente supporting ESG investment fund

The Ontario Municipal Employees’ Retirement System’s private equity arm is backing the series B investment round for a U.S. medical company specializing in surgical and cancer care. Carrum Health, a health-care platform for self-funded employers, secured US$45 million from investors during the funding round, with OMERS Growth Equity serving as the lead investor. The digital platform, which […]

  • June 1, 2023 May 31, 2023
  • 12:30

AIMCo appointing Kevin Bong as chief investment strategist, head of Singapore

The Alberta Investment Management Corp. is appointing Kevin Bong as chief investment strategist and head of Singapore, effective Aug. 14. In the new role, he’ll be responsible for setting the investment organization’s overall investment strategy, including total portfolio management, dynamic and tactical allocation, currency and cash management, with a focus on geographic diversification and thematic […]

  • May 31, 2023 May 31, 2023
  • 15:00

93% of U.S. employees experiencing stress, mainly due to finances: survey

A vast majority (93 per cent) of U.S. employees say they’re feeling stressed, with many citing finances as one source (84 per cent) or the main source (50 per cent) of stress, according to a new survey by Lincoln Financial Group. The survey, which polled more than 2,600 employees, found among workers who reported feeling […]

  • May 31, 2023 May 30, 2023
  • 09:00

Survey finds 44% of Canadian employees reporting satisfaction with current role, responsibilities

More than two-fifths (44 per cent) of Canadian employees say they’re satisfied with their current role and responsibilities, according to a new survey by ADP Canada. The survey, which polled more than 1,200 employees, found that, on a scale of one to 10, the national work happiness score was 6.7, up slightly from 6.6 in […]

  • May 31, 2023 May 30, 2023
  • 09:00

IMCO energy storage business secures U.K. credit facility, Caisse’s Indian warehouse network receives solar upgrade

A renewable energy company owned by the Investment Management Corp. of Ontario is securing a £175 million credit facility. Pulse Clean Energy, which was formerly known as Green Frog Power, will use the three-year facility to fund the expansion of its battery storage capacity in the U.K. The battery storage facilities are used to store […]

  • May 30, 2023 May 30, 2023
  • 12:30

More than half of U.S. women don’t feel financially secure: survey

More than half of U.S. women say they aren’t financially secure, a percentage that increases to 77 per cent among low-income women, according to a survey by Public Opinion Strategies and Lake Research Partners on behalf of the National Council on Aging and the Women’s Institute for a Secure Retirement. The survey, which polled more […]

  • May 29, 2023 May 26, 2023
  • 09:00

76% of Canadians expect to work longer than their parents to retire comfortably: survey

Three-quarters (76 per cent) of Canadians say they’ll need to work longer than their parents to become financially secure in retirement, a percentage that increases among millennials (85 per cent) and generation X (84 per cent), according to a new survey by Edward Jones Canada. The survey, which polled more than 1,000 employees, found 82 per […]

  • May 26, 2023 May 26, 2023
  • 09:00

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

An article on American Express Canada’s onsite counselling service was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Amex Canada supporting employee well-being with onsite counselling, enhanced mental-health resources 2. Majority of millennial, gen Z workers more likely to stay with employers that provide benefits: […]

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

BCI investing in financial services provider, building Brisbane apartment complex

The British Columbia Investment Management Corp. is acquiring a minority stake in a corporate consultant and fund administration provider. Zedra, which provides wealth, governance and administrative services for corporations, pensions, trusts and funds, was launched in the Isle of Man in 2016. It now conducts operations in Asia, Australia, Europe, North America and South America. […]

  • May 25, 2023 May 25, 2023
  • 12:30

Cyber attack compromises U.K. pension plan members’ personal information

The largest administrator of private defined benefit and defined contribution pension plans in the U.K. is revealing details about a cyber attack that compromised the personal information of 470,000 of its members. In a press release, the £82.2-billion Universities Superannuation Scheme said its members’ data was held by external servers that were infiltrated by cyber […]

  • May 25, 2023 May 25, 2023
  • 12:30