Aon is promoting Federico Cervantes and Erwan Pirou to global partners of the firm. Cervantes joined Aon in 2018 as associate partner and head of investment for central Canada. Previously, he spent 12 years at Willis Towers Watson, most recently as a senior investment consultant. He also worked as director of institutional investment at GBM […]
Canada Life Assurance Co. is introducing a self-directed registered education savings plan to help employers support their employees’ varying financial priorities. Employers can add the RESP to their employee benefits plan at no addition cost, while plan members can choose either the family or individual plan, where they can contribute as much or as little […]
The Ontario Municipal Employees Retirement System’s venture capital arm has led a $9 million series-A funding round for automative intelligence firm Acerta Analytics Solutions Inc. OMERS Ventures was joined in the funding round, which recently closed, by Microsoft Corp.’s venture fund M12, StandUp Ventures, Radical Ventures Investments Inc., Export Development Canada and Techstars. Acerta is […]
Nearly half (45 per cent) of working Canadians said they’d prefer to work remotely at least three days a week, while more than a quarter said they’d prefer to work flex hours, according to a new survey by ADP Canada Co. and research firm Maru/Blue. The survey, which polled more than 1,500 working Canadians, also […]
The British Columbia Investment Management Corp. is investing in an Indian telecommunications tower company alongside Brookfield Infrastructure Partners and its institutional partners. The transaction totals an equity commitment of about US$3.4 billion, with the investors buying a 100 per cent stake in the company from Reliance Industrial Investments and Holdings Ltd., a wholly-owned subsidiary of Reliance Industries Ltd. “For BCI […]
Wellington Management Co. will be appointing Jean Hynes as chief executive officer upon the retirement of its current CEO Brendan Swords on June 30, 2021. “One of the most enduring lessons of the Wellington partnership is the notion of stewardship, bringing along the next generation of leaders to allow us to better serve clients,” said […]
Greystar Real Estate Partners is joining the Canada Pension Plan Investment Board and Cyrela Brazil Realty in a joint venture that will develop, own and operate purpose-built multifamily rental housing in São Paulo, Brazil. The platform and partnership, first created by the CPPIB and Cyrela in November 2019, continues to target an investment of up […]
The Office of the Superintendent of Financial Institutions is lifting the temporary freeze on portability transfers for private pension plans. The move reverses the OSFI’s response in March to market volatility caused by the coronavirus pandemic, which froze portability transfers and annuity purchases from defined benefit pension plans. The restrictions are no longer needed, it noted in a […]
More than 90 per cent of global public investors have specific environmental, social and governance investment policies in place or are in the process of developing them, according to a new report by BNY Mellon and the Official Monetary and Financial Institutions Forum. The report combines the results of two separate surveys, with respondents to […]
Benefits Canada is proud to announce the finalists of the 2020 Workplace Benefits Awards. While this year’s entry and judging process occurred during the coronavirus pandemic, almost 100 leading employers embraced the opportunity to share their organization’s innovative initiatives and strategies. In fact, Benefits Canada even introduced a new category — Coronavirus and benefits — which received the most entries, so we divided […]