Latest news in Benefits Canada Archive

Bâtirente grows AUM, pension membership in 2019

Bâtirente grows AUM, pension membership in 2019

Quebec-based pension fund Bâtirente reached $764.3 million in assets under management as of Dec. 31, 2019, an increase of 15.6 per cent on the previous…

  • By: Staff
  • June 18, 2020 November 11, 2020
  • 08:45

Foodora workers vote to join Canadian Union of Postal Workers

While Foodora announced in April that it’s shutting down its Canadian operations, its Toronto and Mississauga drivers, nevertheless, have voted to join the Canadian Union of Postal…

  • By: Staff
  • June 17, 2020 December 2, 2020
  • 15:15
OPSEU members latest to join OPTrust Select

OPSEU members latest to join OPTrust Select

Workplaces represented by the Ontario Public Service Employees Union are among the latest employers to join the OPSEU Pension Trust’s defined benefit plan, OPTrust Select.…

  • By: Staff
  • June 17, 2020 November 12, 2020
  • 15:15
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Bank of Canada has no immediate intentions to raise interest rates, Macklem says

Canada’s new top central banker says the Bank of Canada has no intention to raise interest rates given the current economic circumstances created by the…

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Private equity exits slowed drastically in wake of coronavirus

With the coronavirus pandemic continuing to rock the global economy, private equity exits have largely come to a halt since mid-March, according to a report…

  • By: Staff
  • June 17, 2020 December 6, 2020
  • 09:36

Downside protection strategy saves LAPP $1.9 billion

The volatility caused by the coronavirus pandemic made the first quarter of 2020 rough for many Canadian defined benefit pension plans. In early June, the…

Feds extending CERB by eight weeks

Feds extending CERB by eight weeks

The federal government is extending the Canada Emergency Response Benefit for an additional eight weeks to support Canadians who haven’t been able to find employment as provinces start…

  • By: Staff
  • June 16, 2020 November 12, 2020
  • 15:30
New study highlights value of pharmacogenetic-guided drug treatment

New study highlights value of pharmacogenetic-guided drug treatment

The results of a new study highlight the value of tailoring drug treatment to an individual’s genetic makeup. The pharmacogenetics clinical trial study by Green…

  • By: Staff
  • June 16, 2020 November 12, 2020
  • 15:15
Slack allowing employees to work from home permanently

Slack allowing employees to work from home permanently

Slack Technologies Inc. is offering its employees the option to work from home permanently, along with extending its coronavirus-related office closures past Sept. 1. In a blog post,…

  • By: Staff
  • June 16, 2020 November 12, 2020
  • 15:00
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How will technology change investment landscape going forward?

While technological change is accelerating at a rapid rate, the financial system isn’t keeping pace, says Campbell Harvey, professor of finance at Duke University’s Fuqua…

Five workplace changes that should stay post-coronavirus

The coronavirus pandemic has been disruptive for all and sadly, devastating and difficult for many. In the pandemic’s early days, we saw a great deal…

Charles Emond, Jean Raby to co-chair Investor Leadership Network’s CEO council

Charles Emond, Jean Raby to co-chair Investor Leadership Network’s CEO council

The Investor Leadership Network is appointing Charles Emond, president and chief executive officer of the Caisse de dépôt et placement du Québec, and Jean Raby, CEO of Natixis…

  • By: Staff
  • June 16, 2020 November 12, 2020
  • 08:45
Canada Life thanks staff with two paid days off, prepares for return to work

Canada Life thanks staff with two paid days off, prepares for return to work

As the Canada Life Assurance Co. prepares a phased approach for returning to the office, the insurer is thanking its more than 11,000 employees with…

  • By: Staff
  • June 15, 2020 November 12, 2020
  • 15:15
Optima Global Health partnering with MindBeacon for online CBT

Optima Global Health partnering with MindBeacon for online CBT

Optima Global Health is partnering with MindBeacon to offer its online cognitive behavioural therapy service to plan sponsors. “Mental health is more important than ever…

  • By: Staff
  • June 15, 2020 November 12, 2020
  • 15:00
Employee well-being growing area of post-pandemic focus for employers: survey

Employee well-being growing area of post-pandemic focus for employers: survey

While 72 per cent of Canadian employers said they’ll make minimal or no changes to their benefits coverage in 2021, 21 per cent are planning…

How the OPB mixes guidance, support and advice to optimize pension member decisions

Pension plan members are buffeted from all sides by information on retirement options — some reliable, some not — especially now that the coronavirus pandemic…

Employer pension plan asset values grows 2.3% in Q4 2019

Employer pension plan asset values grows 2.3% in Q4 2019

The market value of assets in Canadian employer-sponsored pension plans rose to $2.09 trillion in the fourth quarter of 2019, up 2.3 per cent from…

  • By: Staff
  • June 12, 2020 November 30, 2020
  • 15:15
Desjardins partners with Obesity Canada to keep Canadians healthy

Desjardins partners with Obesity Canada to keep Canadians healthy

Desjardins Insurance is joining Obesity Canada’s partnership program, which leverages resources from Canadian organizations to fund obesity research, education and advocacy initiatives. Marc Bertossini, director…

  • By: Staff
  • June 12, 2020 November 12, 2020
  • 15:00
How Ontario Teachers’ is harnessing insights around pension member pain points

How Ontario Teachers’ is harnessing insights around pension member pain points

In seeking to better serve its plan members, the Ontario Teachers’ Pension Plan has been on a journey to change its strategic thinking to access…

Vestcor Corp. returns 11.76% in 2019, updates pension admin system

Vestcor Corp. returns 11.76% in 2019, updates pension admin system

Vestcor Investment Management Corp. returned 11.76 per cent in 2019, with total assets under management rising to $18.5 billion, according to its 2019 annual report.…

  • By: Staff
  • June 12, 2020 November 12, 2020
  • 09:30
How are global retirement systems faring in the wake of coronavirus?

How are global retirement systems faring in the wake of coronavirus?

A new paper is evaluating how global retirement systems are faring in the wake of the coronavirus pandemic and what reforms will be required to facilitate…

IMCO sells stake in Spanish electricity provider

IMCO sells stake in Spanish electricity provider

The Investment Management Corp. of Ontario has sold its interest in Spanish electricity provider Viesgo to funds managed by Macquarie Infrastructure and Real Assets. Prior the sale,…

  • By: Staff
  • June 12, 2020 November 12, 2020
  • 08:45
Do institutional investors have to choose between divestment and engagement?

Do institutional investors have to choose between divestment and engagement?

For institutional investors, the debate still rages over whether to divest from a company they find to have problematic practices where environmental, social and governance…

  • By: Staff
  • June 11, 2020 November 12, 2020
  • 15:15
CLHIA names Jean-François Chalifoux new board chair

CLHIA names Jean-François Chalifoux new board chair

The Canadian Life and Health Insurance Association is appointing Jean-François Chalifoux, chief executive officer of SSQ Life Insurance Co. Inc., as the new chair of its…

  • By: Staff
  • June 11, 2020 November 12, 2020
  • 15:00
DB regulations a bad fit for target-benefit plans, MEPPs: report

DB regulations a bad fit for target-benefit plans, MEPPs: report

Canada’s pension regulations have been designed to govern defined benefit plans and are a bad fit for target-benefit and multi-employer pension plans, according to a…

  • By: Staff
  • June 11, 2020 November 30, 2020
  • 09:30