More than half (57 per cent) of global pension plan sponsors are very concerned about the prospect of looming stagflation, according to a new survey by Ortec Finance Ltd. Based on a series of interviews with Australian, British, Canadian, Danish, Dutch, Norwegian, Swedish and Swiss pension plan sponsors in June, the survey also found respondents […]
The Canada Pension Plan Investment Board is acquiring a stake in a financial management company. The Universal Investment Group Llc, which operates several offices throughout Europe, has about €760 billion in assets under administration. Its administration, structuring and distribution solutions services are used by 470 institutional investors. It also offers advisory services related to securities, […]
Half (49 per cent) of U.S. employees say they’re burned out from their jobs, down from 58 per cent in August 2020, according to a new survey by Eagle Hill Consulting. The survey, which polled 1,000 employees, found the top sources of burnout cited by respondents are workload (48 per cent), staffing shortages (45 per […]
Amid a backdrop of economic uncertainty and a tight labour market, Canadian employers are still planning average salary increase budgets of 3.8 per cent, excluding salary freezes, in 2023 — a rate higher than historical trends, according to a survey by Normandin Beaudry. The survey, which polled more than 750 employers and nearly 1.8 million employees, also […]
AGA Benefit Solutions is acquiring Vancouver-based Aptus Benefits Inc., a group benefits and retirement consultancy with expertise in collectively bargained plans and executive disability programs. Private equity firm Novacap will finance the acquisition, which is expected to expand AGA Benefit Solutions’ reach into Western Canada, according to a press release. Read: AGA Benefit Solutions acquiring J&D Benefits […]
Members of the New Brunswick Public Service Pension Plan are receiving a cost-of-living adjustment that doesn’t cover increases in the cost of living in Canada. According to a press release, the $6.6 billion hybrid pension plan’s board of trustees voted to award its 40,000 members with a 5.24 per cent COLA, set to begin on […]
The world’s largest pension funds saw assets increase by 8.9 per cent in 2021, according to a report by WTW’s the Thinking Ahead Institute. The report, which drew on data from the 300 largest pension funds in the world, found these funds’ combined assets under management reached US$23.6 trillion by the end of 2021. The […]
A development backed by the OPSEU Pension Trust is the beneficiary of the largest federal loan to a First Nations economic partnership in Canadian history. The Sen̓áḵw development project, in which the OPTrust has a 20 per cent stake, aims to construct 6,000 homes in Vancouver’s Kitsilano neighbourhood. It has received a $1.4 billion federal […]
Despite President Joe Biden’s new student loan forgiveness program, nearly two-thirds (60 per cent) of U.S. employers that currently offer a student loan repayment program won’t be changing their policy, according to a survey by the International Foundation of Employee Benefit Plans. The survey, which polled more than 300 U.S. employers, found the majority (74 […]
Married women are more likely to say they’re confident they’ll have enough money to live comfortably throughout their retirement years than both divorced and single, never-married women, according to a new survey by the U.S.-based Employee Benefit Research Institute. It found married women (80 per cent) are more likely to have a workplace retirement savings […]