Latest news in Benefits Canada Archive

AIMCo’s board makes recommendation after reviewing strategy that lost $2.1 billion

The Alberta Investment Management Corp. has completed its review of a volatility trading strategy, known as VOLTS, that resulted in $2.1 billion in losses in the…

  • By: Staff
  • July 14, 2020 January 20, 2021
  • 08:45

Statistics Canada analysis suggests small hit to inflation from pandemic

Statistics Canada says Canadians’ buying patterns changed so much during the coronavirus pandemic that its measure of consumer inflation went a little wobbly. The agency…

Saint John Airport staff join CAAT’s DBplus

Firefighters, administrative and infrastructure maintenance personnel at the Saint John Airport are among the newest members to join the Colleges of Applied Arts and Technology…

  • By: Staff
  • July 13, 2020 December 6, 2020
  • 16:26
Saint John Airport staff latest to join CAAT’s DBplus

Saint John Airport staff latest to join CAAT’s DBplus

Firefighters, administrative and infrastructure maintenance personnel at the Saint John Airport are among the newest members to join the Colleges of Applied Arts and Technology…

  • By: Staff
  • July 13, 2020 November 30, 2020
  • 15:15
CPPIB appointing new senior advisor for Europe

CPPIB appointing new senior advisor for Europe

The Canada Pension Plan Investment Board is appointing Guillaume Pepy as senior advisor for Europe. In the new role, which started July 1, he’ll engage with…

  • By: Staff
  • July 13, 2020 November 12, 2020
  • 15:00
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BCI releases ESG strategy

The British Columbia Investment Management Corp. has released its environmental, social and governance strategy, which outlines its beliefs, principles, governance and how its investment strategies…

  • By: Staff
  • July 13, 2020 December 6, 2020
  • 14:14
PMPRB changes within scope of Patent Act, rules federal court in judicial review

PMPRB changes within scope of Patent Act, rules federal court in judicial review

The Federal Court has upheld reforms to the Patented Medicines Pricing Review Board that updated the board’s reference countries for drug pricing and required it…

Active Engagement is Key to Driving Sustainable Investment Goals

Download the research paper (0.93 MB) Our latest research in partnership with Oxford Risk highlights that individuals care about sustainable investing, with younger investors in…

  • July 13, 2020 November 11, 2020
  • 08:59
PSP sees -0.6% return for fiscal year

PSP sees -0.6% return for fiscal year

The Public Sector Pension Investment Board saw a negative 0.6 per cent return for its last fiscal year, which ended March 31, 2020. Severe market…

  • By: Staff
  • July 13, 2020 November 12, 2020
  • 08:45
RBC Insurance rolling out additional mental-health resources

RBC Insurance rolling out additional mental-health resources

RBC Insurance is offering additional mental-health resources for plan sponsors and their members. The free resources include therapist-assisted online cognitive behavioural therapy through AbilitiCBT, as…

  • By: Staff
  • July 10, 2020 November 12, 2020
  • 15:15
CPPIB investing in non-dairy protein maker

CPPIB investing in non-dairy protein maker

The Canada Pension Plan Investment Board is leading a new tranche of financing for animal-free dairy maker Perfect Day Inc. The financing marks an expansion…

  • By: Staff
  • July 10, 2020 November 12, 2020
  • 15:00
Largest Canadian pensions should maintain Fitch ratings through crisis: report

Largest Canadian pensions should maintain Fitch ratings through crisis: report

Canada’s 11 largest pension funds should be able to maintain their current credit ratings through ongoing market turmoil, according to Fitch Ratings Inc. Nevertheless, return…

  • By: Staff
  • July 10, 2020 November 12, 2020
  • 15:00
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PSP Investments sees -0.6% net return for fiscal year

The Public Sector Pension Investment Board posted a negative 0.6 per cent net return for the fiscal year, which ended March 31, 2020. Severe market…

  • By: Staff
  • July 10, 2020 December 6, 2020
  • 12:41
Prescription for mental-health drugs on the rise during pandemic: analysis

Prescription for mental-health drugs on the rise during pandemic: analysis

The coronavirus pandemic has prompted a spike in the use of prescription medication for mental-health concerns, according to an analysis by Express Scripts Canada. The…

  • By: Staff
  • July 10, 2020 November 12, 2020
  • 09:15
Is it time for pension plan sponsors to revisit risk tolerance?

Is it time for pension plan sponsors to revisit risk tolerance?

The coronavirus crisis may be a signal for some pension plan sponsors that it’s time to revisit their appetite for risk. A typical asset-liability study…

What’s keeping ESG rankings so convoluted?

What’s keeping ESG rankings so convoluted?

With its recent acquisition of environmental, social and governance data analytics provider Sustainalytics, Morningstar Inc. is taking aim at the disparate ESG disclosure requirements still hampering…

  • By: Staff
  • July 10, 2020 November 12, 2020
  • 09:00

Is it time for pension plans to do away with absolute return benchmarks in infrastructure?

For years, institutional investors have used absolute return or cash-plus benchmarks to measure infrastructure performance, but it’s time to put these in the past and…

  • By: Staff
  • July 10, 2020 December 6, 2020
  • 08:00
Canadians prioritizing emergency savings over retirement, other long-term goals: survey

Canadians prioritizing emergency savings over retirement, other long-term goals: survey

Among Canadians with a retirement plan, 77 per cent said they’re confident they’ll have enough money to last the rest of their lives, compared to…

  • By: Staff
  • July 9, 2020 November 12, 2020
  • 15:15
Pension veteran Sandra Nuttall remembered by colleagues

Pension veteran Sandra Nuttall remembered by colleagues

Sandra Nuttall, who spent her career in the pension industry, passed away on July 5 due to complications from dementia. Before she retired in 2011,…

  • By: Staff
  • July 9, 2020 November 12, 2020
  • 15:00
Mental-health conditions, specialty meds driving drug plan cost increases in 2019: report

Mental-health conditions, specialty meds driving drug plan cost increases in 2019: report

Private drug plans saw the largest yearly increase in their average eligible costs in 2019, according to Telus Health’s annual drug trends report. The report attributed…

  • By: Staff
  • July 9, 2020 November 12, 2020
  • 10:00
PIAC calling for changes to PfAD calculation, solvency reserve accounts in N.S.

PIAC calling for changes to PfAD calculation, solvency reserve accounts in N.S.

While the Pension Investment Association of Canada strongly supports Nova Scotia’s recent pension funding changes, it’s calling on the provincial government to tweak the provision for…

  • By: Staff
  • July 9, 2020 November 30, 2020
  • 08:45
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Dry powder in distressed private capital space at record high

There’s a record amount of dry powder sitting in the distressed private capital space, according to new data from Preqin. Between distressed debt, special situations…

  • By: Staff
  • July 9, 2020 December 6, 2020
  • 08:43

Liberals foresee high unemployment, $343 billion deficit due to coronavirus

Nearly two million Canadian workers could remain unemployed this year, according to forecasts in the federal government’s long-awaited “fiscal snapshot.” The document released Wednesday details…

Ontario Teachers’ lowered portfolio carbon footprint by 15% in 2019: report

Ontario Teachers’ lowered portfolio carbon footprint by 15% in 2019: report

The Ontario Teachers’ Pension Plan’s 2019 climate change report contains its first-ever, independently assured portfolio carbon footprint. Even as the plan’s assets grew in 2019,…

  • By: Staff
  • July 8, 2020 November 12, 2020
  • 15:00
JTI launching global equal family leave policy

JTI launching global equal family leave policy

Japan Tobacco International is launching a global equal family leave policy for all of its employees. The new global strategy, which goes beyond the national…

  • By: Staff
  • July 8, 2020 November 12, 2020
  • 15:00