The market value of assets held by Canadian trusteed pension funds decreased 2.9 per cent to $2.21 trillion in the first quarter of 2022, down from $2.27 trillion in the previous quarter, according to new data from Statistics Canada. Within trusteed plans, public sector assets decreased 1.8 per cent to $1.48 trillion, accounting for 79 […]
The financial well-being of working Canadians has fallen sharply and is at its lowest point since January 2021, according to LifeWorks Inc.’s latest financial well-being index. It found the number of Canadians reporting a worsening financial situation increased five per cent compared to the previous period and those reporting an increase in financial concerns climbed […]
Canadian life and health insurers processed nearly $600 million in claims related to mental health in 2021, up 45 per cent since 2020 and 75 per cent since 2019, according to the Canadian Life and Health Insurance Association’s annual fact book. “2021 was a year of recovery and insurers have been proud partners helping employers […]
An article on Canada’s ranking in retiree well-being was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canada drops to No. 15 in retiree well-being global rankings: report 2. Court rules employers must include electronic tips under pensionable earnings 3. Expert panel: How employers can support […]
The majority (51 per cent) of Canadian investors now consider cryptocurrency investments to be untrustworthy, according to a new survey by Bitstamp, a cryptocurrency exchange based in Luxembourg. The survey, which polled 1,000 retail and 2,000 institutional investors in 23 countries, found global institutional investor trust in crypto assets dropped slightly, from 70 per cent […]
The Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System are selling their respective interests in a Chicago toll road. The investment organizations, which each hold 33.3 per cent stakes in the Skyway Concession Co., are selling their interests to Atlas Arteria Ltd., an Australian toll road investor. SCC manages, operates and […]
The federal government is aiming to launch the first phase of its national dental-care program on Dec. 1. The program, which will provide dental care for uninsured households earning less than $90,000 annually, will initially provide coverage of up to $650 per year for children aged 12 and younger, according to a press release. The […]
International Business Machines Corp. is entering a US$16 billion pension risk transfer. The annuity transaction will see 40 per cent of IBM’s defined benefit pension plan’s liabilities transferred. The Prudential Insurance Co. of America and Metropolitan Life Insurance Co. will each insure half of the payments for 100,000 IBM plan participants and beneficiaries. Prudential will […]
Just 19 per cent of Canada’s investment managers say they’ve adopted a fully remote working model as of September 2022, according to a survey by the Portfolio Management Association of Canada. The survey, which polled more than 100 investment managers among the PMAC’s membership, also found more than a quarter (26 per cent) said they’re […]
The value of a typical Canadian defined benefit pension plan’s assets declined in August, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets shrink by 2.4 per cent over the month. The value of the benchmark portfolio, which is composed of 50 per cent […]