The vast majority (87 per cent) of small- and medium-sized employers agreed employee mental health is very important to the success of their business, according to a new survey by the Business Development Bank of Canada. The survey, which polled 750 owners of SMEs, found nearly three-quarters (72 per cent) currently place a high priority on […]
Since employers play a key role in supporting pension growth, policy-makers should consider their involvement when implementing pension reforms, according to a new report by the Organisation for Economic Co-operation and Development. The report found OECD member countries can optimize employer involvement by reducing financial and administrative barriers that prevent employers from establishing pension plans, […]
An article on the potential impacts of a pension super-priority bill was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Pension super-priority bill passes in House of Commons 2. Ontario municipality establishing six-week indoor mask requirement for city employees 3. CIBC supporting employee health with wellness […]
The Public Sector Pension Investment Board is acquiring a portfolio of vineyards in Australia. According to the terms of the deal reached with Casella Family Brands, the investment organization will take ownership of 35 properties covering 7,215 hectares, as well as associated water entitlements, crops and equipment. The properties are located in South Australia and New South […]
More than three-quarters (77 per cent) of Canadian employees face a moderate (45 per cent) to high (32 per cent) mental-health risk, according to LifeWorks Inc.’s latest mental-health index. The survey’s respondents reported an overall mental-health score of 64.9, down slightly from 65.1 in September. Apart from financial risk (70.2), all mental-health scores declined from […]
Slightly more than a third (35 per cent) of U.S. institutional investors are incorporating environmental, social and governance factors into investment decisions, down from a high of 49 per cent in 2021, according to a new survey by investment consulting firm Callan. The survey, which polled more than 100 institutional investors, found 50 per cent […]
The Association of Canadian Pension Management is calling on the federal government and capital accumulation plan sponsors to support members’ financial wellness by focusing on decumulation. In a new white paper, the ACPM proposed the creation of a “retirement dashboard” that informs retirees of their available sources of retirement income — including government retirement benefits, […]
Fewer than two-fifths (39 per cent) of U.S. employees said they can fully unplug from work during the holiday season, according to a new survey by FinanceBuzz. The survey, which polled roughly 900 workers, found 61 per cent of employees said they’d rather get paid extra and work during the holidays than have uninterrupted time […]
The Ontario Teachers’ Pension Plan is acquiring a stake in a U.K. renewable electricity network. According to the terms of an agreement with Scottish and Southern Energy, the Canadian pension fund will pay £1.465 billion (approximately $2.45 billion) for a 25 per cent share in an electrical transmission network. The network carries power generated from […]
The British Columbia Investment Management Corp. is enhancing its climate change strategy to successfully navigate the global transition towards net-zero emissions. The investment organization’s priorities include that, by 2030, at least 80 per cent of its carbon-intensive investments have set mature net-zero aligned commitments or are the subject of direct or collaborative climate engagement. In a […]