The world’s 500 largest asset managers’ total discretionary assets under management increased by 10.2 per cent in 2021, reaching US$131.7 trillion, according to a new report by WTW’s Thinking Ahead Institute. It found North American AUM accounted for more than half (59.9 per cent) of AUM in the top 500 managers, garnering $78.9 trillion by […]
QuadReal Property Group, the real estate investment arm of the British Columbia Investment Management Corp., is unveiling an updated strategic pathway to decarbonize its portfolio by 2050. “Sustainability has always been a key component of QuadReal’s investment and management strategies and is becoming more and more of a precondition for the long-term financial feasibility of […]
The Association of Canadian Pension Management is urging parliamentarians to vote down a bill that would provide super-priority to defined benefit pension plan members in the event of a plan sponsor’s insolvency. In an open letter to the House of Commons standing committee on finance, the ACPM said Bill C-228 could make it expensive or impossible […]
Apple Inc. is withholding its latest employee benefits from workers at one of its unionized retail stores. The technology giant is set to provide employees with more funds to pursue coursework and, in some states, employees will be able to access new health benefits, according to a report by Bloomberg, which cited people familiar with the matter. […]
Alongside the return of the live, in-person Healthy Outcomes Conference on Oct. 18, Benefits Canada announced the winners of the 2022 Workplace Benefits Awards. During the full-day conference in Toronto, 26 finalists gathered to learn about the big topics around employee health and well-being, with winner announcements across 11 categories announced throughout the day. All […]
The Canada Pension Plan Investment Board is investing $60 million in an infrastructure trust sponsored by the National Highways Authority of India. In 2021, the investment organization previously allocated $257 million to the National Highways Infra Trust during the platform’s initial public offering. Following the transaction, the CPPIB’s stake reached 25 per cent. The investment […]
British Columbia is amending the definition of provision for adverse deviation for pension plans in the province with a target-benefit provision. The changes to PfAD’s definition, which will come into effect on Dec. 31, 2022, reflects recommendations from the B.C. Financial Services Authority to the Ministry of Finance. The amendments will lower the minimum funding […]
Women held 26 per cent of the total 5,112 board seats among Canadian companies providing disclosure for 2022, up from 23.4 per cent in 2021, according to Osler Hoskin & Harcourt LLP’s latest diversity report. The report tracked companies subject to the Canada Business Corporations Act that disclosed the number of women, Indigenous peoples and […]
Six organizations representing Canadian retirees say proposed amendments to the federal Bankruptcy and Insolvency Act would have a positive impact on defined benefit pension plan members. In an open letter to the House of Commons standing committee on finance, the six organizations —CanAge, the Canadian Federation of Pensioners, the Canadian Network for the Prevention of […]
Nearly a third (32 per cent) of Canadian employees say they’re feeling tired or overworked on the job, posing concerns about a correlation between boundaries and burnout, according to a new survey by ADP Canada. The survey, which polled more than 700 Canadian employees, found although two-thirds (67 per cent) feel satisfied in the workplace, […]