Sweden, Norway and Iceland offer the most family-friendly policies of all 41 Organisation for Economic Cooperation and Development and European Union countries, according to a report from Unicef’s Innocenti Research Centre. The report ranked the countries on the duration of their paid maternity, paternity and parental leave. It also measured the share of children under […]
Unionized employees of the Aluminerie de Bécancour Inc. aluminum smelter in Quebec, who’ve been locked out for nearly 18 months, have accepted the company’s latest offer, which includes larger employer contributions to the defined benefit pension plan. At a general membership meeting earlier this week in Trois-Rivières, Que., workers voted by a 79.8 per cent […]
The Canada Pension Plan Investment Board is selling its student accommodation business Liberty Living to London Stock Exchange-listed Unite Group for about $1.3 billion. The CPPIB will keep a 20 per cent stake in the newly combined company and one seat on its board. When the deal is complete, Unite Students’ assets will total more […]
Canadian commercial broker Navacord is acquiring Edmonton-based Benefits Consulting Inc. This is the organization’s second benefits and retirement transaction in 2019, following the acquisition of Future Benefits Management Inc. in June. “Navacord’s goal is to build one of the top benefits and retirement businesses in Canada,”said Marshall Sadd, executive vice-chairman at Navacord, in a press release. […]
The Ontario Teachers’ Pension Plan has released its first climate change report. Written following the recommendations of the Financial Stability Board’s task force on climate-related financial disclosure, the report outlined the plan’s governance approach and strategy with regard to climate change. “Climate change is one of the biggest and most daunting challenges facing the world.” […]
In preparing for retirement, women have to contend with the salary gap, barriers to career continuity and more limited access to employer-sponsored pension plans, making them more stressed about their financial futures than men, according to a recent report by Invesco Canada Ltd. The report set out three key ways employers can engage on this issue. […]
The Canadian Press, London Cross Cultural Learner Centre and Postmedia Network Inc. are among the latest organizations joining the Colleges of Applied Arts and Technology pension plan’s new DBplus plan. Both CP and Postmedia are merging their previous defined benefit pension plan liabilities and assets into the CAAT. They also received overwhelming support from employees: all […]
Indian-based infrastructure conglomerate IndInfravit Trust, whose owners include the Canada Pension Plan Investment Board and the infrastructure investment arm of the Ontario Municipal Employees’ Retirement Plan, is buying nine operational road projects from Sadbhav Infrastructure Project Ltd. The portfolio of roads, which was valued at more that $66 million rupees, or about $1.2 billion, includes seven toll roads […]
Hub International Ltd. is acquiring benefits and retirement consulting group BenefitLink Resource Group Edmonton Holdings Inc. The acquisition is part of Hub’s strategy to increase its offering of Canadian employee benefits and pensions services. The terms of the deal weren’t disclosed. “Businesses today need to proactively manage and navigate the ever-changing benefits and retirement landscape, which […]
While geopolitical tensions are grabbing investors’ attention, how is Canada faring domestically? It’s a bit of a mixed bag, according to Russell Investments Group’s latest quarterly outlook, which noted that while Canada’s economic data has outpaced that of other developed markets, the rosy outlook may not last. Specifically, Russell’s analysis of Citigroup Inc.’s economic surprise […]