Canada ranks No. 39 out of 43 countries for vacation day offering, tied with Costa Rica and Japan, according to a new report by Comparethemarket.com. The report, which analyzed countries’ overall work-life balance, found on average, Canadian employees receive just 10 paid days of vacation per year. By comparison, Austria, Finland, France and Spain all […]
The Ontario Teachers’ Pension Plan is jointly acquiring and consolidating two online presence companies alongside an investment fund. The investment organization and its partner, Cinven Inc.’s seventh investment fund, will acquire Group One and the Dogado Group, two European online presence service providers. Following the acquisitions, both companies will be reorganized into a single business. […]
The possibility of a global economic slowdown is of greater concern to global institutional investors than rising inflation, according to a new survey from the Official Monetary and Financial Institutions Forum. The survey, which polled investors at public pension plans and sovereign wealth funds with combined assets of about US$27 trillion, were asked to rank the […]
The Ontario Teachers’ Pension Plan Board is appointing Anna Murray as its senior managing director and global head of sustainable investing. In the new role, she’ll work with the pension plan’s total fund management investment division. She’ll also be responsible for the execution of the Ontario Teachers’ climate strategy and will oversee the continued integration […]
Defined contribution pension plan members nearing retirement may need their employers’ help to achieve financial security during an era of low interest rates and increased inflation, according to a new report by the U.S.-based Defined Contribution Institutional Investment Association. It found target-date funds are the dominant investment strategy in most DC plans, used by 80 […]
Salesforce Inc. is requiring some employees return to the office and abide by other productivity rules amid slowing revenue growth. The organization, which was one of the first technology companies to let employees work from anywhere, mandated that some sales staff who live near offices return to work at these locations Tuesdays through Thursdays as […]
The average discount rate used by Canadian defined benefit pension plans at the end of 2021 was 0.5 per cent higher than the previous year, according to an annual report from LifeWorks Inc. Drawing from figures submitted by 83 Canadian public DB plans, the report found the average plan used a three per cent discount […]
The Alberta Investment Management Corp.’s total financed carbon dioxide emissions fell nine per cent in 2021, according to its annual climate disclosure. According to figures released by the investment organization, its portfolio financed the release of about 424,300 tonnes of carbon dioxide, down from about 466,300 tonnes the previous year. For each million dollars invested […]
Two-fifths (42 per cent) of Canadian employers say they anticipate obstacles related to recruiting and retaining skilled employees over the next three months, according to a new report by Statistics Canada. The report found more than half of employers in retail trade (53 per cent), construction (52 per cent), accommodation and food services (51 per […]
The world’s 100 largest asset managers grossed US$25.7 trillion in assets under management as of Dec. 31, 2021, up nine per cent from the previous year, according to a report by WTW’s Thinking Ahead Institute. The report found pension funds remain the single biggest group of asset owners in the global study, controlling more than half […]