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Integration of two PSP portfolio companies to help Ontario meet growing clean energy needs

A Northern Ontario-based hydroelectric power company owned by the Public Sector Pension Investment Board is being integrated into another one of PSP Investments’ assets, a clean power producer, developer and energy storage company. The integration of H2O Power by FirstLight Power represents the latter’s first venture into the Canadian market and brings its combined portfolio to […]

  • April 13, 2023 April 13, 2023
  • 12:30

Public DB plans driving pension software sector growth: report

Government-backed defined benefit pension plans are driving growth in the pension administration software sector, according to a new report by Marqual IT Solutions Ltd. The global pension administration software market is expected to grow from about US$4.88 billion in 2021 to US$8.6 billion by 2028. In 2021, roughly two-thirds (66.6 per cent) of all spending […]

  • April 13, 2023 April 12, 2023
  • 12:30

IMCO returns -8.1% for 2022, buoyed by private assets

The Investment Management Corp. of Ontario is reporting that the weighted average net return of its clients’ portfolios was negative 8.1 per cent for the year ended Dec. 31, 2022, which narrowly beat its consolidated benchmark return of negative 8.4 per cent. Over the three years since assets have been managed according to the IMCO’s strategies, the annualized return […]

  • April 13, 2023 April 13, 2023
  • 12:00

Absences, presenteeism costing employers nearly $645 million annually: report

Employee absences and presenteeism are costing Canadian employers nearly $645 million annually, according to a new report by Manulife Financial Corp. The report — which analyzed data from nearly 50 Manulife group benefits plan sponsor clients, as well as survey responses from more than 4,900 employees — found an average of 48 days per employee were […]

  • April 12, 2023 April 11, 2023
  • 09:00

SHEPP appointing Colette Wagner as senior investment analyst

The Saskatchewan Healthcare Employees’ Pension Plan is appointing Colette Wagner as a senior investment analyst. In the new role, she’ll oversee the asset managers responsible for the SHEPP’s allocations to fixed income, public and private equities, infrastructure, real estate and opportunistic investment. In addition, she’ll ensure these approaches are aligned with the $9.7-billion pension fund’s […]

  • April 11, 2023 April 11, 2023
  • 12:30

Institutional investors making steady progress on ESG reporting, practices: report

Institutional investors are steadily integrating environmental, social and governance into their investment reporting and practices, according to a new report by the United Nations’ principles for responsible investment. The report, which analyzed data from more than 1,800 investment organizations that have signed the PRI, found nearly all have formal, senior-level oversight and accountability for responsible […]

  • April 11, 2023 April 11, 2023
  • 09:00

Report finds DEI increasingly important in talent attraction, retention efforts

While more than two-thirds (69 per cent) of employers say the macroeconomic environment is negatively impacting recruitment, three-quarters (74 per cent) say it hasn’t reduced the importance of diversity, equity and inclusion in the hiring process, according to a new report by LinkedIn. The report analyzed data from millions of LinkedIn members, as well as survey responses from more […]

  • April 11, 2023 April 10, 2023
  • 09:00

U.S. workers believe they need $1.1 million to retire comfortably: survey

While U.S. workers aged 45 and older believe it takes, on average, $1.1 million in savings to retire comfortably, just 21 per cent expect to reach this goal, down from 24 per cent in 2022, according to a new survey by Schroders. The survey, which polled more than 2,000 employees, found more than half (59 […]

  • April 10, 2023 April 10, 2023
  • 15:00

AIMCo returns -3.4% for 2022, citing declines in public equities, fixed income

The Alberta Investment Management Corp. is reporting an annual return of negative 3.4 per cent for 2022, citing declines in public equities and fixed income. The investment organization exceeded its benchmark by 1.8 per cent, with total client assets under management at $158 billion, according to a press release announcing its annual results. Read: AIMCo […]

  • April 10, 2023 April 6, 2023
  • 09:00

45% of Canadian autistic employees feel they have to mask autistic traits at work: survey

Nearly half (45 per cent) of Canadian autistic employees say they have to mask their autistic traits at work, according to a new survey by OnePoll for autism advocacy organization Auticon. The survey, which polled more than 950 autistic adults globally, found among all respondents, only 44 per cent said they could be their authentic […]

  • April 10, 2023 April 6, 2023
  • 09:00