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OECD urging countries to strengthen pension systems: report

The Organisation for Economic Co-operation and Development is urging governments around the world to urgently reform their pension systems to ensure employees in temporary or part-time employment can contribute enough during their working years to receive adequate retirement income. A new report said non-standard employment, including self-employment, temporary or part-time work accounts for more than a third of employment across […]

  • December 12, 2019 December 1, 2022
  • 09:00

OMERS Ventures hires former Uber executive as London managing partner

OMERS Ventures, the venture capital investing arm of the Ontario Municipal Employees Retirement System, has hired former Uber Technologies Inc. executive Jambu Palaniappan to join its London office as a managing partner. Palaniappan joined Uber in 2012 and led its expansion into the Europe, Middle East and Africa regions before being named the general manager […]

  • December 12, 2019 November 12, 2020
  • 08:45

Green Shield Canada, Maple partner on telemedicine access

Green Shield Canada is teaming up with virtual health-care provider Maple to offer telemedicine to its plan members. The partnership aims to reduce employee absences and boost both productivity and well-being, according to a press release. Read: Just 9% of employers offer virtual health care: survey “Canadians face some of the longest wait times when compared to […]

  • December 11, 2019 November 12, 2020
  • 15:00

Mercer teaming up with AI platform for digital fitness, employee wellness

Mercer is teaming up with Lift Digital Inc., an artificial intelligence-based fitness and wellness platform, to bring customized, on-demand digital fitness to employers and employees. The Mercer 365 platform, combined with Lift, will provide access to a number of fitness offerings, including customized and automated fitness sessions, access to wellness experts via chat, live online group classes and Lift […]

  • December 11, 2019 November 12, 2020
  • 08:45

Majority of Canadians doing extra work before, after vacation: survey

Two-thirds (66 per cent) of working Canadians said they expect to do extra work either before or after their vacation, according to a survey by ADP Canada Co. The survey, which polled more than 1,500 Canadians, found employees who put in extra time said they expect to spend an average of 16 additional hours before vacation and […]

  • December 10, 2019 November 12, 2020
  • 15:15

PSP portfolio company H2Power selling assets to Australian investment manager

H2O Power, in which the Public Sector Pension Investment Board is a shareholder, is selling its Canadian hydroelectric generation assets to TCorp. Through the transaction, the investment and financial management partner of the New South Wales public sector will hold a 49 per cent interest in H2O Power’s eight Canadian assets. Read: PSP Investments sells […]

  • December 10, 2019 November 12, 2020
  • 15:00

Will pensions survive another round of quantitative easing?

When central banks took on the challenge of saving a drowning global economy during the 2008 financial crisis, pension plans appeared to have plenty to be thankful for. However, as the U.S. Federal Reserve and the European Central Bank embark on their latest round of monetary stimulus, these policy changes mean pension plans are now […]

  • December 10, 2019 November 30, 2020
  • 09:00

Domtar pensions entering into $360 million annuity buyout

Domtar Corp. is entering into an agreement with Sun Life Financial for a group annuity buyout. The transactions will transfer about $360 million in obligations and related assets from the paper mill company’s defined benefit plans in Canada over to the insurer. Read: Rayonier Advanced Materials pension taking on annuity buyout In addition, it will convert about $101 million […]

  • December 9, 2019 November 12, 2020
  • 15:00

Japan’s GPIF suspends lending to short-sellers indefinitely

Japan’s Government Pension Investment Fund, notably the largest pool of retirement savings in the world, announced Tuesday that it will no longer participate in the lending of its equities for purposes of short-selling. The announcement emphasized that the fund has come to view the practice of equity lending as misaligned with its stewardship goals. In […]

  • December 9, 2019 December 13, 2020
  • 08:44

Institutional investors agree profits can’t be top concern for companies: survey

The majority of Canadian institutional investors say they don’t think shareholders should take precedent over all other stakeholders, including employees, at a given company, according to a new survey by Daniel J. Edelman Holdings Inc. It found 91 per cent of respondents said maximizing profits in the interest of shareholders can no longer be the primary purpose of […]

  • December 9, 2019 November 12, 2020
  • 08:18