Just 35 per cent of Canadians aged 50 and older report they’re in a position to financially afford to retire, while a slightly larger percentage (37 per cent) say they aren’t and 25 per cent say it’s unclear, according to a new survey by the National Institute on Ageing and the Environics Institute for Survey Research. […]
The Canada Pension Plan Investment Board is joining a funding round for an energy network service provider. The investment organization is investing about US$200 million in Redaptive Inc., a company that installs energy-saving and energy-generating equipment at client businesses. The company funds the upfront costs of its installations to help customers to overcome financial and […]
The Ontario Teachers’ Pension Plan is appointing Charley Butler as its chief pension officer, effective Jan. 1, 2023. In the role, Butler will oversee the administration of pensions and report to Jo Taylor, president and chief executive officer of the Ontario Teachers’. She’ll succeed Tracy Abel, the chief operations officer who has been managing the […]
Nearly three-quarters (74 per cent) of U.S. employers say they offer hybrid work arrangements, according to a new survey by the International Foundation of Employee Benefit Plans. The survey, which polled more than 500 employers, found 55 per cent said they offer fully remote working arrangements while 57 per cent offer flexible work hours. In […]
The market value of assets held by Canadian trusteed pension funds decreased 5.4 per cent to $2.1 trillion in the second quarter of 2022, down from $2.21 trillion in the previous quarter, according to new data from Statistics Canada. Trusteed pension funds posted a net loss of $3.4 billion in the second quarter, compared with […]
More than two-thirds (70 per cent) of Canadian workers with disabilities say they don’t feel valued at work, according to LifeWorks Inc.’s latest mental-health index. The survey’s respondents reported an overall mental-health score of 64.3, down slightly from 64.9 in October. Apart from optimism (66.4), all mental-health scores declined from October to November, with anxiety […]
Nearly two-thirds (63 per cent) of U.S. workers say their financial stress increased in 2022, according to a new survey by the Hartford Financial Services Group Inc. The survey, which polled more than 900 employees, found more than half (56 per cent) said their financial stress negatively impacted their mental health, a percentage that increased […]
If there was one message for defined benefit pension plan sponsor delegates at the 2022 Defined Benefit Investment Forum, it was that the fate of global markets in 2023 is on a knife’s edge. In the keynote address, Douglas Porter, chief economist and managing director at BMO Financial Group, said he expects the Canadian economy […]
The Ontario Teachers’ Pension Plan is appointing Romeo Leemrijse as executive managing director of equities, effective Jan. 1, 2023. In the role, he’ll be responsible for the growth of the Ontario Teachers’ private and public equities investments and will report to Ziad Hindo, the pension fund’s chief investment officer. Read: Ontario Teachers’ names Anna Murray […]
An article on how Canada compares to other countries in terms of its vacation day offering was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canada ranks 39 out of 43 countries for vacation day offering: report 2. Coke Canada expanding coverage for mental-health, family-building […]