Carproof kicked off its annual nutrition awareness campaign last week, beginning with the first in a series of live healthy cooking demos. The theme of nutrition is one of four that will be highlighted throughout the year, which are organized by the company’s five-year-old health and wellness committee. “We have an established budget per year and a committee that […]
The vast majority (92%) of pension funds are planning to upgrade their governance model over the next 12 months, according to new research by State Street Corporation. Its Pensions with Purpose: Meeting the Retirement Challenge report, which is based on responses from 400 pension professionals in 20 countries, found that respondents believe their board’s expertise is not […]
While 53% of working Americans have experienced a traumatic event while on the job, less than half (46%) said their employer offered them support to help them grieve, cope or recover in the aftermath, according to new research. The survey, by Workplace Options, found that 67% of respondents would value counselling or emotional support from […]
The Asciano board has unanimously recommended the Qube Consortium Proposal – which includes the The Canada Pension Plan Investment Board (CPPIB), Global Infrastructure Partners and CIC Capital Corporation – to its shareholders after Brookfield Infrastructure failed to submit a matching or superior proposal. It was announced at the end of January that the Qube proposal was in competition with […]
Investor sentiment has dropped to its lowest point since the financial crisis, according to a new report by Manulife. Its Investor Sentiment Index reached 16, just five points higher than the 11 points registered during the financial crisis and significantly lower than the all-time high of 34 reached in 2006. The index also found that 26% of […]
Manulife Financial saw a 62% drop in fourth-quarter profit, largely from losses in its oil and gas investments, according to a report published Thursday. The Toronto-based company reported net income of $246 million or 11 cents a share for the three-month period ended Dec. 31, 2015. This compares to $640 million for the corresponding periods in 2014. Read: Manulife […]
The Canadian Life and Health Insurance Association (CLHIA) has called for a one-year delay of the ORPP. In its 2016 Ontario Budget Submission, written to Ontario Minister of Finance Charles Sousa, it said the implementation of the plan should be deferred by one year to address the significant uncertainties that remain with respect to plan design, administration and […]
The U.S. Department of Labor has filed a lawsuit against the International Association of Machinists (IAM) National Pension Fund and its board of trustees, citing multiple violations of the Employee Retirement Income Security Act. The lawsuit, which was filed at the end of January, alleges that the IAM National Pension Fund trustees breached their fiduciary […]
2015 saw assets rise to $282.6 billion
The CPP fund ended 2015 with net assets of $282.6 billion, compared to $272.9 billion at the end of the previous quarter, according to the latest results from the Canada Pension Plan Investment Board (CPPIB). The $9.7-billion increase in assets for the quarter consisted of $12.3 billion in net investment income after all CPPIB costs, less $2.6 billion […]