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CLHIA, extended health-care professionals launch private insurance guide

The Canadian Life and Health Insurance Association has published a guide to help health-care providers and patients understand private health insurance. The guide, released during financial literacy month, was produced with the Extended Healthcare Professionals Coalition, a group that represents medical professionals, including psychologists, physiotherapists, audiologists, occupational therapists, chiropractors and pharmacists, among others. It’s geared toward […]

  • November 13, 2019 November 12, 2020
  • 15:00

Hedge fund, private equity managers to see uptick in incentive awards, while other Wall Street pros to see slump

While year-end incentive payments have been on the rise over the past few years, 2019 could be different. Analysis from Johnson Associates, Inc., a compensation consulting firm, found Wall Street year-end incentive pay, including cash bonuses and equity awards, is expected to decline by five per cent for 2019, compared to last year. “All signs […]

  • November 13, 2019 November 11, 2020
  • 08:45

Do flex hours, sick leave offerings impact retirement savings?

Flexible working hours, paid sick leave and vacation could have a positive correlation with retirement savings levels, according to a new study. The research, led by Patricia Ann Stoddard Dare, a professor at Cleveland State University, studied 994 male U.S. workers aged 47 to 55. It found employees who are offered these time-related benefits have dramatically higher retirement […]

  • November 13, 2019 November 12, 2020
  • 08:40

Institutional investors using a mix of strategies to tackle sustainability concerns

The majority (70 per cent) of global institutional investors agree that sustainability will play a more important role in investments over the next five years, according to a new survey by Schroders. The survey, which polled 650 investors responsible for US$25.4 trillion under management, found this response was most prevalent in Europe (84 per cent) and Asia Pacific […]

  • November 13, 2019 November 12, 2020
  • 08:30

80% of institutional investors planning to raise allocations to China: survey

Four in five (80 per cent) global institutional investors are planning to significantly or moderately increase their allocations to investments in China over the next 12 months, according to a survey commissioned by Invesco. The survey of 411 asset owners and institutional investors from North America, Asia Pacific and Europe, the Middle East and Africa, […]

  • November 13, 2019 November 11, 2020
  • 08:25

Michael Sabia to step down as Caisse CEO in 2020

Michael Sabia, president and chief executive officer of the Caisse de dépôt et placement du Québec, is stepping down from the role in February 2020. During Sabia’s 11 years as head of the Caisse, its investments have yielded a 9.9 per cent average return, with a heavy focus on the diversification and globalization of its assets. “Leading CDPQ […]

  • November 13, 2019 November 12, 2020
  • 08:00

Hub names Canadian benefits leadership team, areas of service

Hub International Ltd. is expanding its Canadian employee benefits and retirement services with six key service areas. It also named its employee benefits leadership team for the country, including Robert Taylor of TRG Group Benefits, which was acquired by Hub in January; Hub chief innovation officer Faizal Mitha; Mary-Lou MacDonald, Hub’s national practice lead of health and […]

  • November 12, 2019 November 12, 2020
  • 09:45

Alberta launches panel to examine involvement in CPP, national pharmacare

Over the weekend, the Alberta Premier Jason Kenney said the provincial government intends to examine the ramifications of disentangling Alberta from multiple federal cost-sharing programs. At a conference in Red Deer, Alta. on Saturday, he announced the formation of a panel that will consult on subjects such as whether the province should start its own pension system and […]

  • November 12, 2019 November 30, 2020
  • 09:30

MSCI boosts China A shares as planned in semi-annual index review

In its November, semi-annual index review, MSCI Inc., implemented the third increase in a series of planned increases to China A shares within its emerging markets indexes. Within its China index specifically, MSCI will be adding 204 new constituents, mostly mid-cap companies. The inclusion factor of the existing shares will also be increased. China A […]

  • November 12, 2019 February 23, 2021
  • 08:56

Concordia University Foundation to divest from coal, oil and gas, move to 100% sustainable investments by 2025

Concordia University’s Foundation is divesting from coal, oil and gas within five years and will become the first university foundation in Quebec to target 100 per cent sustainable investments by 2025. The foundation is also doubling its target of impact investments by 2025, from five to 10 per cent. This long-term pool of capital is […]

  • November 12, 2019 December 13, 2020
  • 08:28