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Hub acquiring Ontario-based benefits, retirement firm

Hub International Ltd. is acquiring ProCorp Financial Inc., an Ottawa-based boutique benefits and retirement consulting firm. Hugh Doyle, president of ProCorp Financial, will join Hub Ontario and report to Matt Lievers, president of employee benefits and retirement at Hub Ontario. “We are thrilled to welcome Hugh and the ProCorp Financial team to Hub,” said Gregory Belton, executive chairman of Hub Ontario. “ProCorp […]

  • October 7, 2019 November 12, 2020
  • 09:00

‘Staggering increase’ in global focus on responsible investing: survey

The majority (85 per cent) of global investment professionals said responsible investing is at least somewhat important to their organization, up from 68 per cent in 2018, according to a new survey by Aon. The survey found this growth occurred across all geographic regions and institutional investor types, including corporate pension plans, public pensions, defined […]

  • October 7, 2019 January 6, 2021
  • 08:45

Caisse investing in U.S.-based electric scooter company

The Caisse de dépôt et placement du Québec is making a US$50 million equity investment in San Francisco-based electric scooter share firm Bird Rides Inc. The organization operates electric scooters in more than 100 cities around the world. It’s currently expanding into Canada, with launches in Calgary and Edmonton earlier this year. And it undertook a 10-day […]

  • October 4, 2019 November 12, 2020
  • 15:15

Equitable Life expanding EAP, wellness services available through Homewood Health

Equitable Life Insurance Co. of Canada is expanding the services it offers to plan sponsors through its partnership with Homewood Health Inc. While the insurer has worked with Homewood Health for seven years to provide plan members on disability with specialized return-to-work support, it will now make the latter organization’s employee assistance program and online health and wellness […]

  • October 4, 2019 November 12, 2020
  • 15:00

University of Saskatchewan, Community Living Toronto join CAAT’s DBplus pension

Two more organizations are joining the Colleges of Applied Arts and Technology pension plan’s DBplus. The University of Saskatchewan and Federated Colleges Non-Academic Pension Plan, represented by the Canadian Union of Public Employees Local 1975, has joined the plan as part of its latest collective agreement. Effective Sept. 1, 2019, 1,300 plan members will join the […]

  • October 4, 2019 November 12, 2020
  • 09:00

SSQ Insurance adds pharmacogenetic testing to group benefits

SSQ Life Insurance Co. Inc. is adding pharmacogenetic testing to its group insurance offering. Pharmacogenetic testing helps determine how a person’s DNA reacts to prescription drugs, which makes it easier for doctors to choose the most effective medications for their patients. SSQ said it expects the offering will make it easier for plan members to access […]

  • October 3, 2019 November 12, 2020
  • 16:00

PSP acquiring Australian agriculture firm for A$854 million

The Public Sector Pension Investment Board is taking over Webster Ltd., an Australian agribusiness company, for A$854 million. While the PSP already owns 19.1 per cent of Webster’s ordinary shares, its subsidiary PSP BidCo is acquiring the total remaining ordinary shares for A$2 per share, which is a 57 per cent premium on Webster’s most recent closing […]

  • October 3, 2019 November 12, 2020
  • 15:00

U.S. public pension funding levels up slightly as liability growth declines

The funded ratio of public pension plans in the U.S. has edged up slightly to 73 per cent in fiscal year 2018, but has been largely flat for several years and is below its 2001 peak, according to a new analysis. The research, from the Center for State and Local Government Excellence and the Boston College Center for […]

  • October 3, 2019 November 12, 2020
  • 09:20

‘Staggering increase’ in global focus on responsible investing: survey

The majority (85 per cent) of global investment professionals said responsible investing is at least somewhat important to their organization, up from 68 per cent in 2018, according to a new survey by Aon. The survey found this growth occurred across all geographic regions and institutional investor types, including corporate pension plans, public pensions, defined […]

  • October 3, 2019 November 11, 2020
  • 09:00

Majority of Canadians say legalization of recreational pot not impacting workplace: survey

Nearly a year since the legalization of recreational cannabis, most Canadians said it’s hasn’t had an impact at work in terms of health and safety (75 per cent), productivity (74 per cent), absenteeism (71 per cent) or quality of work (70 per cent), according to a new survey by ADP Canada. This is in contrast […]

  • October 3, 2019 November 12, 2020
  • 08:50