The Canadian branch of T. Rowe Price Inc. has appointed Jonathan Flegg as its new vice-president of institutional sales. Based in Toronto, Flegg’s role will involve providing sales support and investment solutions to defined contribution pension consultants, brokers and clients. “We are thrilled to welcome Jonathan to T. Rowe Price,” said Bruce Winch, head of […]
The majority (80 per cent) of working Canadians reported their overall well-being would improve if their employer offered a personalized wellness program customized to their specific wellness and health-related interests and goals, according to a new survey by RBC Insurance. If they were offered this type of program, survey respondents also said they’d see improvements […]
A disconnect exists between defined contribution plan sponsors’ intentions and actions when it comes to helping employees with financial wellness, according to a new survey by J.P. Morgan Asset Management. Among more than 800 U.S. DC plan sponsors, 74 per cent said they have a very or somewhat high commitment to employees’ fiscal health, although […]
With the legalization of recreational cannabis in Canada and a patchwork of regulations governing its use in various states in the U.S., the sector’s influence is growing, according to new research by MSCI Inc. In total, 50 countries now allow some form of medical cannabis use, while six countries have legalized it recreationally. In terms of public […]
Central banks seem to be changing their tunes, with the Federal Reserve expected to cut rates twice before the year is out, according to Manulife Investment Management’s third quarter outlook. The European Central Bank, noted the outlook, is also likely to take a move dovish tone, with additional monetary easing measures, including rate cuts, expected […]
U.S.-denominated Asian bonds have reached US$1.1 trillion in outstanding bonds and now rank alongside U.S. high yield and bank loans, according to an Invesco Canada Ltd. insight brief. Amping up the market’s growth, Asian banks have been hampered by tighter regulatory capital requirements and are not able to meet the debt needs of Asia’s growing […]
Direct exposure to emerging market equities may not be the best way to capture the growth potential of those economies. Instead, investors looking for the advantages of emerging market exposure should consider achieving it through holding companies based in developed economies that do business with emerging markets, according to a paper by Joon Woo Bae, […]
About 150 employees at Baycrest Health Sciences have been dismissed for benefits fraud. Last year, in the course of establishing an approved provider network for its employee benefits, the Toronto geriatric hospital said concerns were raised about some of the extended health-care claims employees were making under the benefits plan. “As a result, we retained a third […]
Hedge funds increasingly influenced by their institutional investor clients: report Increasing numbers of institutional investors are entering hedge funds and driving the industry to provide more bespoke offerings, according to the Alternative Investment Management Association’s latest research. More than half of survey respondents from the hedge fund industry said customized solutions are crucial to driving […]
The majority of Canadian capital accumulation plan members said they’re confident in their understanding of how to optimize their income in retirement, according to Benefits Canada‘s 2019 CAP Member Survey. Across all survey respondents, 63 per cent said they’re confident on this topic. When the answers were broken down by generations, the survey found baby boomers (69 per cent) […]