U.S. pension plan sponsors see a decent chance of a U.S. recession as a result of the spread of the coronavirus. Indeed, according to recent a poll by investment consulting firm NEPC, 79 per cent of plan sponsors said they think there’s a 50 per cent or greater chance of recession. And all respondents said […]
The federal government will provide a $2,000-per-month taxable benefit for up to four months for Canadians who have been financially impacted by the coronavirus. The Canada Emergency Response Benefit, an amalgamation of two previously announced benefits, will be available to workers who’ve lost their jobs, are sick or quarantined and are taking care of someone […]
The Ontario Teachers’ Pension Plan, alongside Morrison & Co. on behalf of the Utilities Trust of Australia, is acquiring the Infrastructure Fund’s ownership stake in the Sydney Desalination Plant. As a result of the transaction, Ontario Teachers’ ownership of SDP will increase to 60 per cent, while UTA’s interest, managed by Morrison & Co, will […]
Worldwide private equity fundraising hit US$692 billion in 2019, surpassing the asset class’s peak in 2007. Private equity activity trended towards fewer but larger funds seeing commitments from investors, according to a new report by the Callan Institute. Buyout funds, in particular, saw a leap in commitments, jumping to 55.1 per cent of commitments overall […]
The Ontario Teachers’ Pension Plan, alongside Morrison & Co. on behalf of the Utilities Trust of Australia, is acquiring the Infrastructure Fund’s ownership stake in the Sydney Desalination Plant. As a result of the transaction, Ontario Teachers’ ownership of SDP will increase to 60 per cent, while UTA’s interest, managed by Morrison & Co, will […]
Acknowledging the rapidly evolving circumstances around the coronavirus, the Financial Services Regulatory Authority of Ontario is considering approaches to help defined benefit pension plan sponsors in their ongoing administration and compliance efforts. In a note published on its website, the FRSA said its reviewing its work, stakeholder engagement activities and other commitments to prioritize activities. […]
While many retailers are maintaining pay and benefits for their store-based staff amid temporary closures caused by the coronavirus crisis, what about employees who are still coming into work and serving the public? Loblaw Companies Ltd. is stepping up. Following discussions with the United Food and Commercial Workers union, it’s adding $2 to the hourly […]
The nearly four-month lockout at the Federated Co-operatives Ltd. refinery in Regina over pension changes could be nearing an end. However, while Unifor has accepted recommendations from an independent mediator, the Co-op Refinery Complex said in a statement it’s unable to accept the recommendations in full and will have to make modifications out of its […]
Worldwide private equity fundraising hit US$692 billion in 2019, surpassing the asset class’s peak in 2007. Private equity activity trended towards fewer but larger funds seeing commitments from investors, according to a new report by the Callan Institute. Buyout funds, in particular, saw a leap in commitments, jumping to 55.1 per cent of commitments overall in 2019, up […]
Employees are mostly satisfied with employers’ communications around the coronavirus crisis, according to a new survey by Fierce Inc. The survey polled more than 1,000 people last week, prior to the World Health Organization declaring the coronavirus outbreak a pandemic. It found nearly 70 per cent felt their employer was very or somewhat clearly communicating […]