Nearly three-quarters (70 per cent) of U.S. employees say financial stress negatively impacts their work performance, according to a new survey by YouGov and YuLife Insurance Agency Inc. The survey, which polled more than 1,200 workers, found a third (32 per cent) of all respondents and 42 per cent of employees aged 18 to 35 said financial […]
Investment teams in the top quartile of gender diversity outperform the bottom quartile by 45 basis points yearly in terms of net excess returns, according to a new report by WTW. The report, which analyzed data from more than 1,500 investment strategies and more than 400 asset management firms, found while 80 per cent of […]
The union representing around 150 employees at West Fraser Timber in Fort Frances, Ont. has ratified a four-year collective agreement that includes multiple benefits gains. The new contract, which is retroactive to Aug. 1, 2022, includes a new maternity leave top-up program that provides new mothers with additional financial support. During the first eight weeks […]
Two-thirds (65 per cent) of working mothers in Canada are experiencing a difficult mental-health load caused by balancing their work and family responsibilities, according to a new survey by Capterra Inc. The survey, which polled nearly 1,000 Canadian employees, found 46 per cent of working mothers felt more likely to be overlooked for promotion opportunities, […]
The British Columbia Investment Management Corporation is expanding its proxy voting guidelines around racial diversity to cover Canadian-domiciled investee businesses. “Proxy voting is a key shareholder right and powerful tool for BCI to drive action aligned to our clients’ best interests,” said Daniel Garant, executive vice-president and global head of public markets at the BCI, […]
The Healthcare of Ontario Pension Plan and Bedford Capital are finalizing a deal to sell Edmonton-based Champion Petfoods to Ontario-based Mars Petcare Inc. Best known for its lines of confectionery products, including Mars Bars, M&Ms and Twix, Mars has built a significant portfolio of pet food brands. Following the transaction, Champion’s brands will be absorbed […]
The aggregate funded percentage of U.S. multi-employer pension plans dropped to 79 per cent in 2022, from 91 per cent in 2021, according to a new report by consulting firm Milliman Inc. It found the decrease was largely the result of significant investment losses during 2022, despite the first wave of special financial assistance funding […]
Shift Action for Pension Wealth and Planet Health is describing the Canada Pension Plan Investment Board’s acquisition of a significant stake in one of California’s largest oil producers as “alarming.” “These claims are alarming as none of the technologies mentioned offer credible pathways for meaningfully reducing Aera’s carbon emissions quickly enough or aligning Aera with CPPIB’s net-zero […]
Nearly half (46 per cent) of U.S. employees say they’re feeling burned out from their jobs, down slightly from 49 per cent in 2022, according to a new survey by Eagle Hill Consulting. The survey, which polled more than 1,000 workers, found women (58 per cent) and younger employees (51 per cent) were more likely […]
Demand for international pensions and savings vehicles is continuing to grow as employers try to optimize their benefits packages for different groups within their global workforce, according to a new survey by WTW. Its 15th annual international pension plan survey, which covered more than 1,000 international pension and savings plans sponsored by 955 organizations, found […]