Sodexo Group is supporting its multinational workforce with parental and care leave, life insurance and an employee assistance phone line. The food services company will provide a minimum of 12 weeks of parental leave for the primary care provider, towards a goal of reaching 14 weeks in most countries. It will also provide two weeks […]
RSA U.K. Pension Trustees, a subsidiary of Intact Financial Corp., is de-risking roughly £6.5 billion in U.K. defined benefit pension liabilities with an annuity buy-in. The deal, which will be completed with Pension Insurance Corp., will transfer all remaining economic and demographic risks associated with the Royal Insurance Group Pension Scheme and the Sal Pension Scheme, […]
The Alberta Investment Management Corp. is investing in a new real estate fund focused on developing rental housing across the Greater Toronto Area. The Fitzrovia DevCore Fund, which is the first fund set up by Fitzrovia Real Estate Inc., targets properties close to public transit and proximate to major centres of employment in Toronto and […]
The Ontario Municipal Employees’ Retirement System’s assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. “Our significant allocations to private investments and focus on short-term credit over long-term bonds protected OMERS from the worst period of market losses incurred by investors since the 2008 global financial crisis,” said […]
A private member’s bill prohibiting the Canada Pension Plan Investment Board from making certain investments survived its first reading in the House of Commons. Bill C-315, submitted by New Democratic Party member Alistair MacGregor, would amend the Canada Pension Plan Investment Board Act by prohibiting investments in any entity if there are reasons to believe […]
The majority (85 per cent) of Canadian employees say they’re interested in jobs that offer hybrid or fully remote working arrangements, according to a new survey by Robert Half Canada Inc. The survey, which polled more than 1,100 workers, found 73 per cent of employees who could work when and where they’re most productive put […]
The Federal Court’s ruling that the termination of long-term disability benefits for Air Canada employees eligible to receive unreduced pension benefits doesn’t amount to age discrimination was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Termination of LTD benefits for Air Canada workers eligible […]
The Canada Pension Plan Investment Board is appointing Maximilian Biagosch as senior managing director and global head of real assets. Biagosch joined the CPPIB in 2015 and most recently served as senior managing director and head of Europe and direct private equity. In his new role, he’ll continue to serve as the CPPIB’s head of […]
Marlene Puffer, chief investment officer of the Alberta Investment Management Corp., believes many public market asset classes are under-priced as a result of inflation and interest rate hikes in 2022. “The persistent rise in inflation caught many central banks off guard, forcing them to undertake the most aggressive interest rate hiking cycle seen in decades,” […]
Nearly all (98 per cent) U.S. employees believe it’s important for their employer to provide a retirement savings plan, according to a new survey by Vestwell Inc. The survey, which polled roughly 1,300 employees and 250 employers, found nearly three-quarters (72 per cent) of employees said they expect employers to offer a 401(k) or 403(b) […]