As holiday bills come due, resolutions to save more are forgotten and Blue Monday — touted as the most depressing day of the year — arrives, new research has found financial wellness among working Canadians is about more than just the size of their paycheque. The survey, by the Canadian Payroll Association and the Western-Laurier […]
Half (50 per cent) of pre-retirees said they plan to work in retirement but only 11 per cent of retirees reported they actually had returned to full- or part-time work, according to a new survey by Royal Bank of Canada. Its retirement myths and realities poll found pre-retiree respondents cited staying active mentally (64 per […]
Canadian-based health-care provider INLIV is appointing Lori Casselman as president and chief revenue officer of Wello, its virtual care platform and telemedicine business. In the new role, Casselman will focus on leading Wello’s growth strategy, client experience, as well as its product and service offerings. “As we continue to expand our business to build for the future, we are thrilled […]
The OPSEU Pension Trust, alongside Bruc Iberia Energy Investment Partners and Green Investment Group, are acquiring two solar photovoltaic power plants that are currently under construction in Spain for about €65 million. The plants, which are set to be operational by the third quarter of 2020, will have a combined capacity of 100 megawatts and are located in Alvarado-La Risca in […]
The Iron Ore Co. of Canada has purchased a $560 million group annuity buy-in that covers more than 3,700 defined benefit plan beneficiaries and current retirees. The transaction with Sun Life Financial and Morneau Shepell Ltd. represents the largest Canadian same-day deal with a single insurer, according to a press release. “We continue to see these transactions […]
The current market environment continues to push institutional investors into alternative assets, seeking both yield and diversification, but not all options are created equal. Hedge funds, according to JP Morgan’s alternative asset outlook, will gain further traction as new technologies capture investor attention in 2020. “As tech spending continues across industries, our managers anticipate opportunities as […]
North American envelope marker and marketer Supremex Inc. is purchasing a $46 million group annuity buy-in through RBC Life Insurance Co. The deal covers 361 defined benefit plan pensioners, beneficiaries and deferred vested members. It comes on the heels of an almost $7 million transaction made in June 2018 for a smaller group of members […]
Younger generations are more likely to expect their employers to provide training and development programs, according to a new survey by getAbstract. Almost all (93 per cent) survey respondents across generational cohorts said it was at least somewhat important for employers to provide these opportunities. But 84 per cent of generation Z employees and 74 […]
If most defined contribution pension plan members who invest their own money underperform those who invest through professionally managed options, how can plan sponsors encourage more uptake of default options? “By understanding the drivers associated with acceptance of a default investment, plan sponsors and defined contribution plan consultants might have additional success getting more participants […]
North American envelope marker and marketer, Supremex Inc., is purchasing a $46 million group annuity buy-in with RBC Life Insurance Co. The deal covers 361 defined benefit plan pensioners, beneficiaries and deferred vested members. It comes on the heels of an almost $7 million transaction made in June 2018 for a smaller group of members […]