When General Electric Co. acquired French multinational Alstom’s energy activities in November 2015, the transaction was via a stock purchase. That meant the whole division joined GE, including six defined benefit pension plans. “We notified employees and applied for regulatory approval to merge the legacy Alstom DB plans into our primary GE Canada DB plan,” […]
With many funds considering co-investments for real estate deals, Canadian pension plans have been particularly eager to embrace the option. Globally, 19 per cent of public pension funds and 15 per cent of private plans make co-investments, according to a report published last year by London, England-based data and intelligence company Preqin Ltd. Those numbers […]
Target-date funds easier, simpler and secure: CAP Benchmark Report
Target-date funds continue to be the most common default investment option offered to members of workplace capital accumulation plans, according to new research by the Canadian Institutional Investment Network and Great-West Life Assurance Co. The 2016 CAP Benchmark Report found 50 per cent of defined contribution plan sponsors and 51 per cent of group registered […]
Pharmacogenomic testing is coming to a pharmacy near you, following a joint venture between the British Columbia Pharmacy Association and myDNA, a genetic interpretation service based in Melbourne, Australia. The partnership, announced Thursday, will enable any pharmacy in Canada to make myDNA’s multi-gene panel test available to patients. The test covers up to 30 per […]
Ten Canadian pension funds are among the top 100 global private equity investors, according to a new report by data and intelligence company Preqin. The Canada Pension Plan Investment Board was ranked No. 1 while the Ontario Teachers’ Pension Plan, at No. 6 and the Caisse de dépôt et placement du Québec, at No. 7, […]
CAA South Central Ontario will share the lessons learned during its transition to a defined contribution pension plans at the 2017 Benefits and Pension Summit in Toronto on April 11-12. The organization transitioned to a defined contribution arrangement in 2013. In the following three years, the organization focused on the defined contribution plan it introduced […]
The federal government’s advisory council on economic growth has released its second wave of recommendations that include extending the age of eligibility for the Canada Pension Plan, establishing a reasonable process for requesting flexible working arrangements and creating a universal subsidized childcare program to get more women into the workforce. The advisory council believes allowing CPP and […]
St. Joseph’s Healthcare Hamilton went back to the basics of budgeting and planning when it hosted a recent series of financial education sessions for employees. The idea to run the sessions this fall came from reports on the hospital’s employee assistance program, according to Marlene Hall, director of human resources. “Of the work-life services, the second […]
Only 37 per cent of millennial and generation Z employees who have access to workplace health benefits feel their plan fully meets their needs., according to new research by Sun Life Canada. “I looked at that statistic more in terms of the opportunities to build even further on programs, to enhance them and make them […]