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Canadian actuaries calling for mandatory financial reporting around climate change

The Canadian Institute of Actuaries is asking financial stakeholders to take climate risks more heavily into account. In a letter addressing Canada’s governments, corporations and investors, the institute said quantifying and disclosing the financial impacts of climate change are key actions that will help mitigate the rise in global temperatures and will help Canadians adapt […]

  • September 24, 2019 November 12, 2020
  • 16:06

Canadians still reluctant to admit to mental illness at work: survey

The majority of Canadians said they’d either be reluctant to admit (48 per cent) or wouldn’t admit (27 per cent) to a boss or co-worker that they’re suffering from a mental illness, according to a new survey by RBC Insurance. Furthermore, the proportion (27 per cent) who said they wouldn’t admit they’re suffering from a […]

  • September 24, 2019 November 12, 2020
  • 15:15

Liberals pledging to boost investments in mental health, pharmacare

The Liberal Party of Canada is promising a number of health-care reforms in its election platform, including a national pharmacare program and improved access to mental-health services. According to a backgrounder document, the Liberals are aiming to “strengthen the Canada Health Act to make sure the full range of mental-health services required by Canadians are available in every […]

  • September 24, 2019 November 12, 2020
  • 09:30

Tech industry still lagging in reputation around gender diversity: survey

Almost half (43 per cent) of female students and young professionals said they feel technology companies don’t really want to hire women, according to a survey by SAP Canada Inc. It also found 54 per cent of survey respondents said technology companies have a bad reputation when it comes to gender equality and 48 per cent said they don’t know how […]

  • September 23, 2019 November 12, 2020
  • 16:15

Scheer vowing to overhaul veterans’ pension system

Andrew Scheer, leader of the federal Conservatives, is promising to create a new pension system for veterans and clear the backlog of their benefits applications within two years, if he’s elected prime minister next month. He called the current pension system messy. “The reality is, just saying thank you is not enough,” Scheer told a press scrum in Canoe Cove, Prince […]

  • September 23, 2019 November 12, 2020
  • 15:15

Caisse among investors committing to carbon-neutral portfolios by 2050

An alliance of the world’s largest pension funds and insurers responsible for more than US$2.4 trillion in investments is committing to carbon-neutral investment portfolios by 2050. The commitment was launched by the newly formed, United Nations-convened Net-Zero Asset Owner Alliance. It was introduced at the UN Climate Action Summit to strengthen commitments and accelerate the implementation of […]

  • September 23, 2019 November 11, 2020
  • 15:00

Interest in hybrid active/passive TDF strategies on the rise: report

Fee compression is putting pressure on providers that are seeking to be more innovative in launching new target-date funds, prompting managers to consider more customization, according to new research by Cerulli Associates. The fee compression challenge is bolstering certain trends among target-date managers, including blending passive and active strategies, as well as the push towards […]

  • September 23, 2019 November 30, 2020
  • 13:30

Canada ranks 8th for retiree well-being in global retirement index

Canada has risen one spot, to No. 8, on a list of the countries that provide the best retirement security. The annual list, from Natixis Investment Managers, found Canada ranked higher in the finances and material well-being sub-indexes, decreased in quality of life and held steady in health. The report also identified three global risks weighing on […]

  • September 23, 2019 November 12, 2020
  • 10:00

UBC Investment Management Trust appoints Dawn Jia as CEO

The University of British Columbia Investment Management Trust Inc. has appointed Dawn Jia as its president and chief executive officer, effective Sept. 13, 2019. In her new role, Jia will be responsible for managing the organization’s portfolios, including the selection and oversight of fund managers and ensuring operating objectives are achieved. Read: Ontario Teachers’ COO of enterprise […]

  • September 20, 2019 November 12, 2020
  • 15:15

PIAC calling for tighter link to asset allocation for PfAD in B.C. solvency funding framework

While the Pension Investment Association of Canada is generally supportive of British Columbia’s proposed solvency funding framework, when it comes to requirements around funding the provision for adverse deviations, the organization is suggesting B.C. takes a page from Ontario and Quebec. With many governments across Canada looking to make defined benefit plans more sustainable, the […]

  • September 20, 2019 November 12, 2020
  • 09:23