More than a quarter (26 per cent) of institutional asset owners expect to use an outsourced chief investment officer in an increased capacity during the next two years, according to a new survey by Cerulli Associates. The survey found 14 per cent of respondents said they’re seeking to establish an OCIO relationship over the next two […]
The Ontario Municipal Employees’ Retirement System is appointing Ralph Berg as its chief investment officer, effective April 1, 2023. “[Berg] is a proven investor and a seasoned executive,” said Blake Hutcheson, the pension fund’s president and chief executive officer, in a press release. “The board and I have the deepest confidence that he will continue […]
Half (48 per cent) of Canadian employers say they’re increasing their salary budget for 2023, according to a new survey by Normandin Beaudry. The survey, which polled more than 440 employers, found two-fifths (43 per cent) of respondents said they’ve earmarked an average of 1.2 per cent in additional funds for salary increases. Among the […]
Employees of the City of Whitehorse represented by the Yukon Employees’ Union and N.W.T.-based Collège nordique francophone are joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. The two employers are among a number of organizations that have recently joined the CAAT’s plan, including the Canadian Coalition for Good Governance, the Saskatchewan College […]
Between 2019 and 2021, mental-health drug claims skyrocketed among young Canadians, according to a new report by Sun Life Financial Inc. The report, which identified trends using the insurer’s data, found a 24 per cent increase in drug claims to treat mental-health disorders for people aged 30 and under. On the other hand, drug claims […]
While the vast majority (90 per cent) of Black Canadians say their employer has made progress on efforts to be more equitable and inclusive for Black employees in 2022, three-quarters (75 per cent) are worried a potential recession could hurt their career and promotion prospects, according to a new survey by KPMG in Canada. The […]
The median Canadian defined benefit pension plan returned 2.8 per cent during the last quarter of 2022 after facing losses of 12.8 per cent over the course of the year, according to a new report by Northern Trust Canada. The report draws from the Northern Trust Canada universe, which tracks the performance of Canadian DB plans. […]
Employees aged 40 and younger are 60 per cent more likely than workers aged 50 and older to lack confidence in their ability to cope with stressors at work, according to LifeWorks Inc.’s latest mental-health index. The survey’s respondents reported an overall mental-health score of 64.6, up slightly from 64.3 in November. The sub-scores for anxiety […]
More than two-thirds (69 per cent) of employees say their manager impacts their mental health as much as their spouse or partner, according to a new survey by human resources consultancy UKG. The survey, which polled 2,200 employees from around the world, found 70 per cent of respondents said their employer needs to do more […]
An article on how British Columbia’s amended definition of provision for adverse deviation will impact the province’s target-benefit pension plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. B.C.’s amended PfAD to provide more flexibility to target-benefit pension plans: experts 2. BNP Paribas expanding […]