Latest news in Benefits Canada Archive

Most U.S. DC plans aren’t pausing or reducing contributions during coronavirus: survey

Most U.S. DC plans aren’t pausing or reducing contributions during coronavirus: survey

The majority of U.S.-based defined contribution pension plan sponsors said they haven’t felt the need to pause or reduce contributions during the coronavirus pandemic, according…

  • By: Staff
  • July 2, 2020 November 26, 2020
  • 09:15
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Are activist investors strategically leaking plans to institutional investors?

It appears some institutional investors are aware of activist campaigns before they become public, according to new research. A working paper by three assistant professors…

Plan sponsors want to send targeted health communications, but members still wary: survey

More than three-quarters (79 per cent) of plan sponsors said they’re interested in their benefits providers sending targeted communications to plan members, according to the 2020…

  • By: Staff
  • July 2, 2020 November 23, 2020
  • 09:00
Nova Scotia’s PSSP reports 98.5% funded status, halts indexing

Nova Scotia’s PSSP reports 98.5% funded status, halts indexing

Nova Scotia’s Public Service Superannuation Plan reported a 98.5 per cent funded status as of Dec. 31, 2019 and said it will halt cost-of-living adjustments for retirees for the…

  • By: Staff
  • July 2, 2020 November 30, 2020
  • 08:45
Webinar: 2020 CAP Member Survey: Retirement savings, financial well-being in the era of coronavirus

Now is the time to fix capital accumulation plans

The collapse in the equity markets has damaged capital accumulation plan retirement accounts. Governments need to level the playing field between defined benefit plans and…

  • July 2, 2020 December 6, 2020
  • 08:17
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Nova Scotia’s PSSP reports 98.5% funded status, halts indexing for five years

Nova Scotia’s Public Service Superannuation Plan reported a 98.5 per cent funded status as of Dec. 31, 2019 and said it will halt cost-of-living adjustments…

  • July 1, 2020 January 20, 2021
  • 07:42

Supreme Court sides with Uber driver seeking better pay, benefits

The Supreme Court of Canada has cleared the way for Uber drivers to take the next step in their fight to be recognized as employees.…

Bank of Canada governor says country needs to pick up pace on tackling climate change

Statistics Canada says economy posted record 11.6 per cent plunge in April

Statistics Canada says the economy saw its largest monthly drop on record in April as it came to a near standstill due to the pandemic,…

Employers change up Pride celebrations amid coronavirus

Employers change up Pride celebrations amid coronavirus

Employers across Canada were forced to adjust their Pride celebrations in June as the coronavirus pandemic necessitated social distancing and most traditional parades and events were cancelled. “[The…

Benefits plan members, sponsors cite low levels of knowledge on pharmacare: survey

Benefits plan members, sponsors cite low levels of knowledge on pharmacare: survey

While 67 per cent of Canadian plan members described their level of knowledge about a possible national pharmacare program as low or medium, 27 per…

  • By: Staff
  • June 30, 2020 November 11, 2020
  • 09:15
U.K. public policy-makers urged to push for larger pensions to enhance infrastructure investment

U.K. public policy-makers urged to push for larger pensions to enhance infrastructure investment

A new report by a U.K.-based think tank is suggesting public policy should shift to allow pension plan investments to help bolster the country’s infrastructure needs.…

  • By: Staff
  • June 30, 2020 November 30, 2020
  • 08:45

Financial wellness more important than ever during coronavirus

During the coronavirus pandemic, employers and employees have seen major changes to their group retirement plans. For example, many employees who were able to continue working…

UTAM included in ILPA’s ESG best practices compilation

UTAM included in ILPA’s ESG best practices compilation

The Institutional Limited Partners Association has included the University of Toronto Asset Management Corp. in its environmental, social and governance roadmap and resources compilation. “Comprised…

  • By: Staff
  • June 30, 2020 November 11, 2020
  • 07:12

Canadians reducing retirement savings due to coronavirus

More than a third (40 per cent) of pre-retirees have a negative outlook on their life in retirement, the highest rates of negative retirement perception…

  • By: Staff
  • June 29, 2020 February 2, 2022
  • 15:15

What does Fitch’s downgrade of Canada mean for institutional investors?

Since 2004, Canada has held a AAA rating from all major ratings agencies, but on June 24, it suffered a blow when Fitch Ratings Inc.…

Are hormones impacting investment biases?

New research suggests that hormones play a role in financial decision-making. Specifically, cortisol, a hormone that marks stress, is positively related to the disposition effect,…

What factors are impacting Canadians’ mental health during pandemic?

What factors are impacting Canadians’ mental health during pandemic?

Employment status, income level and helpful coping strategies are key factors impacting how Canadians feel about their mental health, according to a new survey by the Mental…

  • By: Staff
  • June 29, 2020 November 12, 2020
  • 09:45
Majority of Canadians are prepared for retirement: report

Majority of Canadians are prepared for retirement: report

More than 80 per cent of Canadians aged 25 to 64 are prepared for retirement and the vast majority have a high probability of being…

  • By: Staff
  • June 29, 2020 November 30, 2020
  • 09:15
Half of Canadian plan members confident their benefits plan covers high-cost drugs: survey

Half of Canadian plan members confident their benefits plan covers high-cost drugs: survey

Nearly half (49 per cent) of Canadian plan members said they’re confident their group benefits plan will cover medications for serious diseases such as cancer…

  • By: Staff
  • June 29, 2020 November 12, 2020
  • 09:00
How are pension plans conducting due diligence amid physical distancing?

How are pension plans conducting due diligence amid physical distancing?

Before physical distancing, pension plan sponsors typically held in-person meetings and site visits when allocating to new investment managers. “I like to look people in…

PSP Investments completes sale of Advisor Group

Coronavirus: a true test of partnership for private equity firms

As the novel coronavirus pandemic upended the way businesses operate, investors around the world have been able follow daily market gyrations in real time to…

CPPIB investing in U.K. residential real estate

CPPIB investing in U.K. residential real estate

The Canada Pension Plan Investment Board is building on its partnership with Lendlease Corp. with a further £85 million 50/50 co-investment in the U.K. residential real…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 15:15
Morneau Shepell appointing new retirement solutions partner

Morneau Shepell appointing new retirement solutions partner

Morneau Shepell Ltd. is appointing Glen Oikawa as a client relationship partner, retirement solutions partner and Calgary office leader. In the new role, he’ll focus…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 15:00
Global pension funds still prefer active strategies on climate change investing: survey

Global pension funds still prefer active strategies on climate change investing: survey

The vast majority (81 per cent) of global pension plan sponsors said they have allocations to some kind of climate change-related funds, according to a new…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 09:15
Drug adherence an increasing issue for plan members, sponsors, finds survey

Drug adherence an increasing issue for plan members, sponsors, finds survey

While 55 per cent of Canadian plan members take at least one medication on a regular basis, this increases to 70 per cent among those…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 09:00