Latest news in Benefits Canada Archive

NWT, Nunavut workers’ commission proposing new pension system

NWT, Nunavut workers’ commission proposing new pension system

The Northwest Territories and Nunavut Workers’ Safety and Compensation Commission is proposing eliminating lifetime pensions and replacing them with a new system that includes earnings loss and…

  • By: Staff
  • October 1, 2020 November 30, 2020
  • 09:00
Canada maintains No. 8 global ranking for retiree well-being: report

Canada maintains No. 8 global ranking for retiree well-being: report

For the second year in a row, Canada ranked No. 8 among developed nations for retiree well-being, according to Natixis Investment Managers’ annual global retirement…

  • October 1, 2020 January 19, 2021
  • 08:51

Ford, Unifor agreement tackles pension, medical cannabis, racial inequality

Ford Motor Co. and Unifor’s new collective agreement tackles everything from racial inequality, medical cannabis coverage and a new pension plan. The $1.8 billion deal…

Canadian pension plans sign new investor statement on diversity and inclusion

Canadian pension plans sign new investor statement on diversity and inclusion

Canadian institutional investors representing more than $2.3 trillion in assets under management have signed a new statement on diversity and inclusion. The list of signatories…

  • October 1, 2020 January 19, 2021
  • 08:32

Health-care payouts by insurers plummeted $4.8BN due to pandemic: report

The coronavirus pandemic led to a sharp decrease in people visiting health professionals and filing claims, resulting in an estimated savings of $4.8 billion for Canadian…

  • By: Staff
  • September 30, 2020 November 16, 2020
  • 15:30

CPPIB to take 24% stake in global digital, IT company

The Canada Pension Plan Investment Board is committing US$300 million to take an approximate 24 per cent stake in Virtusa Corp., a global digital and information technology services company.…

  • By: Staff
  • September 30, 2020 November 16, 2020
  • 15:15

HR teams focusing on total rewards, not just salary, for 2021

Many human resources teams that are planning 2021 salary adjustments and possible changes to total rewards programs need to focus on immediate ways to keep employee morale…

CPPIB formally sets out ESG expectations for portfolio companies

The Canada Pension Plan Investment Board has formally outlined its expectations for portfolio companies when it comes to environmental, social and governance issues in a…

  • By: Staff
  • September 29, 2020 November 16, 2020
  • 15:00

Most Canadians would choose greater retirement security over more money now: survey

Three-quarters (74 per cent) of Canadians said they’d accept a slightly lower salary in exchange for a better — or any — pension plan, according…

  • By: Staff
  • September 29, 2020 November 30, 2020
  • 09:05

Third of employers froze salaries in 2020, compared to projection of 2%, finds survey

More than a third (36 per cent) of Canadian organizations froze salaries in 2020, compared to a pre-coronavirus forecast of just two per cent, according…

  • By: Staff
  • September 29, 2020 November 17, 2020
  • 08:45
Coronavirus prompting CAP sponsors to review TDF suites

Coronavirus prompting CAP sponsors to review TDF suites

My last column, in April, talked about how Canadian target-date fund suites behaved differently during the first quarter of this year, where markets were reacting…

Is gold really a good hedge for inflation?

Since the mid-1970s, gold prices have increased in periods when investors were concerned about future inflation. Currently, gold prices are near highs comparable to January…

  • By: Staff
  • September 28, 2020 November 16, 2020
  • 15:15

Ontario Teachers’ Jennifer Newman elected to IIROC board

Several members were either elected or re-elected to the Investment Industry Regulatory Organization of Canada’s board of directors last week. Among the newly elected members…

  • By: Staff
  • September 28, 2020 December 6, 2020
  • 10:54

NDP support for throne speech contingent on paid sick leave

New Democratic Party Leader Jagmeet Singh said his party will support last week’s throne speech on the condition that more Canadians be granted access to…

  • By: Staff
  • September 28, 2020 November 16, 2020
  • 09:30
How are insurers using block-level contract amendments to control drug costs?

How are insurers using block-level contract amendments to control drug costs?

An upcoming Sun Life Canada drug plan change that will be implemented outside of plan sponsors’ renewal periods is calling attention to the practice of block-level…

  • By: Kelsey Rolfe
  • September 28, 2020 November 12, 2020
  • 09:15
Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

WestJet Airlines Ltd. is warning furloughed workers their pay will be cut by up to 53 per cent starting Sunday due to changes in the…

CFA Institute examining how financial sector can help mitigate climate change

The Chartered Financial Analyst Institute is looking to more deeply examine the financial industry’s role in mitigating climate change. In a new report, the CFA…

  • By: Staff
  • September 25, 2020 November 16, 2020
  • 15:15

Johnston Group, Empire Life launching benefits plan for mid-sized employers

Johnston Group Inc. and the Empire Life Insurance Co. are introducing a benefits program designed for employers with 25 to 200 employees. The product, which…

  • By: Staff
  • September 25, 2020 November 16, 2020
  • 15:00

FTSE Russell set to add Chinese government bonds to world government bond index

Chinese government bonds are set to be included in the FTSE Russell world government bond index. The changes came off the back of the index…

  • By: Staff
  • September 25, 2020 December 6, 2020
  • 11:54

Employers prioritizing support for working parents but current policies not effective: survey

Images of parents trying to shush their kids during work Zoom meetings are now as commonplace as, well, Zoom meetings. With many people six months into working from…

  • By: Staff
  • September 25, 2020 November 16, 2020
  • 08:45
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Caisse investing in European elderly care company

The Caisse de dépôt et placement du Québec is acquiring a minority interest in Colisée Group, a Paris-based elderly care company. The investment, alongside an…

  • By: Staff
  • September 25, 2020 December 6, 2020
  • 08:28

Pandemic affecting employee well-being, work-life balance: survey

While the coronavirus pandemic is increasing employee burnout globally, the impact differs across countries, according to a new work trends index by Microsoft Corp. The…

  • By: Staff
  • September 24, 2020 November 16, 2020
  • 15:15

Caisse investing in European nursing home company

The Caisse de dépôt et placement du Québec is acquiring a minority interest in Colisée Group, a Paris-based nursing home company. The investment, alongside an infrastructure fund…

  • By: Staff
  • September 24, 2020 November 17, 2020
  • 15:00

Proteus promoting three to senior investment consultant roles

Proteus is promoting Teimaz Binesh, Lewis Powell and Michael Scott to senior investment consultants. In their new roles, they’ll continue to provide investment consulting and…

  • By: Staff
  • September 24, 2020 November 17, 2020
  • 15:00

IPOs head for banner year on stock market’s strength

Companies that cater to the “new normal” of working and shopping from home are rushing to go public. 2020 could turn out to be the…