Nearly two-thirds (62 per cent) of U.S. women say they expect to retire later than originally planned or not at all due to rising inflation, a significant increase from 25 per cent in 2021, according to a new survey by Edelman Data and Intelligence on behalf of Nationwide Mutual Insurance Co. The survey, which polled […]
An article on the potential impacts of Alberta withdrawing from the Canada Pension Plan was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers raising concerns over Alberta leaving CPP, but expert says move could yield benefits for workers 2. Co-operators acquiring Smart Employee Benefits […]
While employment is more than three per cent higher than it was at the start of the coronavirus pandemic, working hours are up by only 1.75 per cent due to increased levels of absenteeism, according to a new report by the Canadian Imperial Bank of Commerce. Relative to pre-pandemic years, wage costs increased by an […]
The costs of employer-sponsored medical benefits in Canada are expected to rise 7.5 per cent in 2023, according to a new report by Aon. The report analyzed responses from more than 100 Aon offices that broker, administer or advise on employer-sponsored medical plans across the world. Consistent with last year, it found the medical conditions […]
The average Canadian defined benefit pension plan lost ground on a solvency and accountancy basis in December, according to LifeWorks Inc.’s latest monthly report. At the end of 2022, the solvency index reached 103.8 per cent, down 3.1 per cent from the end of November. The balance sheet index also fell 2.4 per cent — […]
The Public Sector Pension Investment Board is appointing Oliver Duff as senior vice-president of global head of credit investments. Duff joined PSP Investments in 2016 and was previously the organization’s managing director of private debt. Prior to joining the PSP, he was the global head of leveraged finance and European head of capital financing at HSBC Bank. The […]
The Walt Disney Co. is requiring its white-collar employees to work onsite four days a week beginning in March. According to a report by CNBC, Bob Iger, chief executive officer of Disney, said hybrid workers will be asked to treat Monday through Thursday as in-person workdays. “As I’ve been meeting with teams throughout the company […]
The Alberta Investment Management Corp. is appointing David Scudellari as senior executive managing director and head of international investment. In the new role, he’ll act as vice-chair of the AIMCo’s investment committee and will oversee several key investment functions, including international expansion, credit and private debt and management of key external relationships. Schudellari joins the AIMCo […]
The real estate arm of the British Columbia Investment Management Corp. is acquiring a stake in a private company that provides financing for large-scale real estate development projects across the U.K. According to the terms of the deal between the QuadReal Property Group and Précis Capital’s founding institutional shareholder TowerBrook, the investment organization will secure […]
Canada’s largest employers are increasing their use of environmental, social and governance factors in determining executive compensation, according to a new report by Fasken Martineau DuMoulin LLP. The report analyzed public disclosures from more than 80 TSX-listed companies, including those listed on the S&P TSX60 as well as 40 organizations that have been identified by […]