Yellow Pages Ltd. has secured the support of enough shareholders to approve a plan to bolster its defined benefit pension plan’s coffers. During a virtual meeting scheduled for Sept. 23, 2022, shareholders are expected to vote on a proposal to advance $24 million to the company’s DB plan. “Our board has approved the use of […]
Nearly two-thirds (63 per cent) of U.S. employees would choose better work-life balance over better pay, compared to 31 per cent who said the opposite or six per cent who were unsure, according to a new survey by FlexJobs. The survey, which polled 4,000 workers from generation Z, millennials, generation X, baby boomers and the […]
The second quarter of 2022 proved difficult for Bâtirente’s diversified funds, according to the organization’s investment strategy manager. “As was the case in the first quarter, Bâtirente’s diversified funds experienced a difficult second quarter performance . . . [with losses correlating with] their risk profile,” said Jean-François Dumais, in a press release. The five diversified […]
A Barbadian company is acquiring the life insurance business of a company in which the Canada Pension Plan Investment Board has a majority stake. According to the terms of the deal, Sagicor Financial Co. Ltd. will acquire Ivari, a subsidiary of Wilton Re Ltd., for US$325 million. The CPPIB has held a majority stake in […]
While global institutional investors expect losses to continue in the fixed income market and are concerned that central banks may be too optimistic on the peak of inflation, they’re also finding good news in alternative investments and the importance of environmental, social and governance factors, according to a new report by Aeon Investments. The report, […]
Large employers in the U.K. are taking action to help employees in the face of the continuing cost-of-living challenges, according to a new survey by PricewaterhouseCoopers. The top ways employers are intervening to help with rising inflation include focused pay increases for essential workers (53 per cent), additional pay reviews (51 per cent) and one-off […]
Conversations about ‘Quiet Quitting’ are everywhere these days and one expert says it’s a “profound opportunity” for Canadian companies to get it right with employees and improve the work landscape for the future. Melissa Nightingale, co-founder of management training firm Raw Signal Group, says smart organizations will take this moment to try to understand current […]
Rothmans, Benson & Hedges Inc. is highlighting its focus on employee well-being, diversity, equity and inclusion in its annual sustainability report. The report shares the company’s vision and strategies across four pillars including ‘Caring for People.’ For example, after quarterly employee surveys on a wide variety of topics, RBH measures and shares the feedback to […]
An article on the Royal Bank of Canada’s plans for returning employees to the office was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. RBC employees returning to in-office working to foster creativity, collaboration 2. CPPIB backing of grain exporter provides Russia propaganda victory: expert […]
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is announcing the results of a pilot project incorporating a new energy-saving technology at two malls within its portfolio. Developed by Turntide Technologies, a company in which the Caisse invests, the proprietary technology reduces the energy use of older electrical […]