Employers are increasingly interested in seeing more support for chronic disease and chronic pain management in their benefits plans, according to the 2020 Sanofi Canada health-care survey. The vast majority (88 per cent) of plan sponsors said they want their health benefits plan to do more to support plan members living with chronic diseases, up from 82 […]
In the second quarter of 2020, the funded positions of defined benefit plans recovered almost half of the losses incurred during the coronavirus crash of the first quarter, according to Mercer’s pension health index. The index, which represents the solvency ratio of a hypothetical DB pension plan, increased to 101 per cent at the end […]
The Public Sector Pension Investment Board is establishing a long-term strategic partnership with property and infrastructure firm Lendlease Corp. to develop an urban regeneration project in Milan. The Milano Santa Giulia mixed-use project has the long-term potential for up to 2,500 homes, alongside commercial office, retail and entertainment properties. It has also set a zero-carbon target and will […]
The majority of U.S.-based defined contribution pension plan sponsors said they haven’t felt the need to pause or reduce contributions during the coronavirus pandemic, according to a new survey by the Defined Contribution Institutional Investment Association. While 86 per cent of respondents said they aren’t considering suspending matching employer contributions, just eight per cent said they already have. […]
More than three-quarters (79 per cent) of plan sponsors said they’re interested in their benefits providers sending targeted communications to plan members, according to the 2020 Sanofi Canada health-care survey. That’s up slightly from the amount who said the same in 2019 (74 per cent) and 2018 (64 per cent). However, slightly fewer (62 per cent) plan members […]
Nova Scotia’s Public Service Superannuation Plan reported a 98.5 per cent funded status as of Dec. 31, 2019 and said it will halt cost-of-living adjustments for retirees for the next five years. According to the plan’s 2020 funded health review, its funding policy prohibits indexing when the PSSP’s funded status is below 100 per cent. However, the Public Service Superannuation […]
A consortium of investors, including the Caisse de dépôt et placement du Québec, private-equity firm TPG Capital and investment company Fosun International Ltd., is partnering with Investissement Québec to submit a proposal to acquire substantially all of the assets of Cirque du Soleil Entertainment Group, which has filed for bankruptcy protection. The deal is pending […]
While 67 per cent of Canadian plan members described their level of knowledge about a possible national pharmacare program as low or medium, 27 per cent said they don’t know anything at all about it, according to the 2020 Sanofi Canada health-care survey. Among plan sponsor respondents, 73 per cent described their level of knowledge […]
A new report by a U.K.-based think tank is suggesting public policy should shift to allow pension plan investments to help bolster the country’s infrastructure needs. The report, by the Social Market Foundation, urged the government to foster the growth of fewer, but larger, pensions funds, with the scale to make major infrastructure investments. “Learning from Australia […]
The Institutional Limited Partners Association has included the University of Toronto Asset Management Corp. in its environmental, social and governance roadmap and resources compilation. “Comprised of best practices that limited partners can consider implementing to advance ESG efforts at their organizations, the roadmap promotes the sharing of initiatives and resources on a global basis,” the […]