The strength of the U.S. dollar and the ongoing war in Europe will hamper North American and other global institutional investors in 2023, though some will still find value in other continents, according to a new report from the Capital Group Inc. “Even if you think economies outside Canada and the U.S. are headed for […]
Three Canadian pension investment organizations are backing three government-backed infrastructure investment funds in India. The Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are among a group of investors backing the new infrastructure funds, which were announced by the Indian government in November. The three funds, which […]
The Alberta Investment Management Corp. has received a top grade in a survey of the environmental, social and governance integration and performance of signatories of the United Nations’ principles of responsible investing in 2021. The PRI, an organization founded by a group of institutional investment organizations, launched the pilot survey to track the ESG performance […]
Arthur J. Gallagher & Co. is acquiring BCHR Holdings — also known as Buck — for US$660 million. Through the agreement, Gallagher will expand its retirement, benefits and human resources consulting services in Canada, the U.S. and the U.K., according to a press release, which noted Buck currently has 2,300 employees across these markets. Read: […]
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 […]