Lawyers Financial has inked a deal with the Colleges of Applied Arts and Technology pension plan to offer law firms the chance to join the CAAT’s DBplus. The organization, which is a brand of the Canadian Bar Insurance Association, started looking into pension options for the legal community back in 2016. Over the past few years, a task […]
The Canada Pension Plan Investment Board is strengthening its partnership with Lendlease Group in the U.K.’s built-to-rent sector with an agreement to invest in a new building at Elephant Park in south London. The transaction, which builds on the partnership first announced in January 2018 with an initial target of investing £1.5 billion in the […]
As millennials enter their prime working years many are actively saving for their retirements, according to a new report by Wells Fargo Institutional Retirement and Trust. The report, which looked at four million eligible participants in about 1,900 defined contribution pension plans, found 61 per cent of millennial workers (age 27 to 39) were participating in a DC plan. In […]
The Canadian Life and Health Insurance Association is asking the Patented Medicine Prices Review Board to include workplace-related factors when it sets maximum prices for medications. In its submission for the PMPRB’s consultation on its draft guidelines, which were released in November, the CLHIA said the life and health insurance industry is very supportive of the […]
The Ontario Municipal Employees Retirement System has appointed Michael Graham as its new global head of private equity. Graham will replace Mark Redman, who has decided to leave the pension fund, effective March 31, 2020. Since Redman joined the OMERS in 2009 to establish its European private equity business, private equity has grown as a component of the pension […]
The Canada Pension Plan Investment Board is strengthening its partnership with property group Lendlease through an agreement to invest in a new building in south London. The CPPIB is set to invest about £40 million, or 50 per cent of the total investment, with Lendlease supplying the rest. “The fundamentals continue to support the Build-to-Rent […]
The majority (seven in 10) of Canadian women age 45 and older said they feel confident they’ll be able to afford the lifestyle they want in retirement, according to a new survey by RBC Insurance. This is a significant shift from five years ago, when another RBC survey found 75 per cent of Canadian women didn’t […]
League Inc. has beefed up its offerings with the addition of six partners across its health programs, digital wallet and health concierge team. The new partners include: mindfulness session provider eMindful Inc; caregiver support provider Rethink Benefits; mental-health benefits company Inkblot Technologies Inc. and virtual health coaching company Vida Health Inc. In addition, digital therapy company MindBeacon […]
The C.D. Howe Institute has appointed Bob Baldwin as chair of its pension policy council. With more than 30 years of experience, Baldwin is an Ottawa-based expert in retirement income. Between 1976 and 2005, he worked for the Canadian Labour Congress, with a decade spent as director of social and economic policy. Currently, he’s also a […]
The Ontario Teachers’ Pension Plan is joining a consortium to purchase RSA Security in an all-cash transaction for more than $2.07 billion, subject to certain adjustments. RSA is a cybersecurity company that provides business-driven solutions for managing digital risk. The deal includes subsidiary companies RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk […]