Canada’s top economists, strategists and portfolio managers expect tepid growth for Canada in the near term, which will result in continued low interest rates, modest inflation and low equity market returns over the next few years, according to a new survey by Willis Towers Watson. Its annual Survey of Investment Perspectives, published this week, showed that […]
The Canada Pension Plan Investment Board (CPPIB) and Brookfield Infrastructure Partners are in competition to acquire Australian logistics and transport company Asciano. The company announced Thursday that it had received a proposal from Qube Holdings Ltd., Global Infrastructure Partners, CPPIB and CIC Capital Corporation to acquire 100% of the issued capital of the company. Read: CPPIB invests in South […]
As the Ontario government continues to forge ahead with its plans for the Ontario Retirement Pension Plan (ORPP) by announcing new details and features this week, the province’s opposition parties are weighing in on the issue. The Ontario NDPs believe there are still more questions to be answered about the eligibility of contract workers. The […]
More than half (54%) of Canadians are making saving for the long term, including retirement, their primary financial priority, according to a new survey. The RBC Financial Independent in Retirement poll also found that saving for a rainy day ranked second at 46% and regular payments to reduce or eliminate debt ranked at 42%. According […]
Two-thirds (66%) of employees who took time off work for a mental health issue did not report it, according to a new survey by Morneau Shepell. The survey also found that 31% of employers said support for mental wellness in their organization has improved over the last two to three years, compared to 62% that […]
GroupHEALTH Benefit Solutions has partnered with GMS Insurance to grow its advisor partner network. The partnership allows GMS Insurance to expand its portfolio by offering GroupHEALTH products and services. Read: Ingham joins GroupHEALTH “We are very excited about our new relationship with GMS Insurance,” said Matt Houghton, CEO of GroupHEALTH, in a news release. “Like […]
The Ontario government has announced a series of design and feature details for the Ontario Retirement Pension Plan (ORPP). In a press conference this morning, Ontario Premier Kathleen Wynne and Associate Minister of Finance Mitzie Hunter announced the details, which cover the structure of ORPP benefits, compliance and enforcements, plan comparability and member participation. Elaborating further, Hunter […]
ArcelorMittal Dofasco is reinforcing its commitment to workplace mental health in 2016, starting with a letter sent out to employees today. The letter is being sent out to coincide with Bell Let’s Talk Day on January 27, and encourages employees to participate in the campaign. The steel company will focus on mental health awareness through a number of additional […]
PSP Investments and Lightyear Capital have signed a definitive agreement to acquire AIG Advisor Group, a subsidiary of American International Group (AIG). “We are pleased with this transaction, which is in line with PSP Investments’ private equity strategy of making sizable, direct investments in high-quality companies alongside experienced partners,” said Guthrie Stewart, senior vice president, global […]
Sun Life has completed a combined annuity buy-in transaction valued at $530 million with two Canadian pension plan sponsors to transfer investment, longevity and inflation risk to Sun Life. The annuity buy-in for the two plans, which opted not to be named, were combined, with the pricing conditional on both purchases occurring at the same time. This generated significant cost […]