Latest news in Benefits Canada Archive

BCI, CPPIB and PSP in deal to form new internet provider

BCI, CPPIB and PSP in deal to form new internet provider

Searchlight Capital Partners, along with several Canadian pension investors, is acquiring the U.S. Northwest operations and assets of internet and telephone services provider Frontier Communications, forming…

  • By: Staff
  • May 5, 2020 November 11, 2020
  • 08:45
What are the implications for pension funds coming out of coronavirus crisis?

What are the implications for pension funds coming out of coronavirus crisis?

Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation.…

  • May 5, 2020 November 12, 2020
  • 08:30
Blue Cross, SSQ latest sponsors of digital mental-health program

Blue Cross, SSQ latest sponsors of digital mental-health program

Blue Cross and SSQ Life Insurance Co. Inc. are the latest insurers to join as sponsors of MindBeacon Group’s Stronger Minds, a free digital program…

  • By: Staff
  • May 4, 2020 November 11, 2020
  • 15:00
AIMCo calls reports of losses on volatility strategy ‘dramatically’ overstated

AIMCo calls reports of losses on volatility strategy ‘dramatically’ overstated

Recent reports of significant investment losses on the part of the Alberta Investment Management Corp. are overblown, according to chief executive officer Kevin Uebelein. In recent…

  • By: Staff
  • May 4, 2020 November 11, 2020
  • 09:29
Coronavirus could reduce employer health-care costs, finds analysis

Coronavirus could reduce employer health-care costs, finds analysis

The coronavirus pandemic could reduce employer health-care costs by as much as four per cent in 2020 as medical care for non-infected patients has declined,…

  • By: Staff
  • May 4, 2020 November 12, 2020
  • 08:45
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Valuation uncertainty, not liquidity, driver behind real estate fund suspensions

During the global financial crisis, certain real estate funds were suspended because of liquidity constraints, but during the coronavirus downturn, it’s valuation uncertainty that’s causing…

Empire Life adds mental-health navigator, TeksMed launches mental well-being app

Empire Life adds mental-health navigator, TeksMed launches mental well-being app

The Empire Life Insurance Co. is including a mental-health navigator in all of its group benefits plans beginning May 1. Through the navigator, which is…

  • By: Staff
  • May 1, 2020 November 12, 2020
  • 15:15
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Morneau names Tiff Macklem new Bank of Canada governor

Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment…

Nova Scotia Teachers’ names new trustee chair

The Nova Scotia Teachers’ Pension Plan Trustee Inc. has appointed John Rogers as its new chair, effective July 1, 2020. The trusteeship manages the plan,…

  • By: Staff
  • May 1, 2020 December 6, 2020
  • 10:29
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What role will shadow banking play in the coronavirus crisis?

Since the last financial crisis in 2008-09, the shadow banking sector in Canada has been growing at a rapid pace, which can pose challenges in…

Does CEWS leave workers on parental, disability leave behind?

Does CEWS leave workers on parental, disability leave behind?

Air Canada and Air Canada Rouge employees who were on leave in the months leading up to the coronavirus shutdown appear to have fallen through…

41% of Canadian businesses have laid off staff due to coronavirus: Stats Can

41% of Canadian businesses have laid off staff due to coronavirus: Stats Can

More than four in 10 (41 per cent) Canadian businesses laid off staff in the wake of the coronavirus pandemic, according to a new survey…

  • By: Staff
  • May 1, 2020 November 11, 2020
  • 08:45
OMERS Ventures establishes tech fund, BCI closes stake in water company

OMERS Ventures establishes tech fund, BCI closes stake in water company

OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, has closed a US$750 million venture capital fund. The transatlantic fund is…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 15:15
Nova Scotia Teachers’ names new trustee chair, OMERS promotes Ecclestone

Nova Scotia Teachers’ names new trustee chair, OMERS promotes Ecclestone

The Nova Scotia Teachers’ Pension Plan Trustee Inc. has appointed John Rogers as its new chair, effective July 1, 2020. The trusteeship manages the plan,…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 15:00

Economists agree: No quick rebound from recession is likely

Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle…

2020 Workplace Benefits Awards now open for entries

Does your organization’s benefits or pension plan communications deserve recognition? Are you leading the way when it comes to supporting your employees’ mental health? Is your…

  • By: Staff
  • April 30, 2020 November 30, 2020
  • 09:00
IMCO reaches more than $70 billion AUM in 2019

IMCO reaches more than $70 billion AUM in 2019

The Investment Management Corp. of Ontario reached $70.3 billion in assets under management at the end of 2019, up from $63.3 billion at the end…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 09:00
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What’s next for variable benefits?

While the Canadian retirement industry has spent a lot of time focusing on the accumulation stage, the decumulation conversation is much further behind. For defined…

  • By: Yaelle Gang
  • April 30, 2020 December 13, 2020
  • 08:32
Green Shield Canada, PocketPills partner on virtual pharmacy access

Green Shield Canada, PocketPills partner on virtual pharmacy access

Green Shield Canada is partnering with digital pharmacy PocketPills on a virtual pharmacy app for its group benefits plans. Plan members will be able to…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 08:30

Employers expect remote, flexible arrangements to linger after coronavirus: survey

Many employers expect to maintain the flexible and remote-working policies they’ve recently put in place once the coronavirus pandemic is over, according to a new…

  • By: Staff
  • April 29, 2020 November 30, 2020
  • 15:20
Canadian DB plans return negative 7.1% in first quarter

Canadian DB plans return negative 7.1% in first quarter

Canadian defined benefit plans saw a median return of negative 7.1 per cent in the first quarter of 2020, after enduring a historic period of…

  • By: Staff
  • April 29, 2020 November 12, 2020
  • 15:15
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OMERS Ventures establishes US$750M transatlantic fund

OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, has closed a US$750 million venture capital fund — its largest fund…

  • By: Staff
  • April 29, 2020 December 13, 2020
  • 10:09
Lori Landry retires after nearly 40 years in benefits, pension industry

Lori Landry retires after nearly 40 years in benefits, pension industry

Lori Landry, chief marketing officer at Sun Life Global Investments, has retired, effective April 17. After nearly 20 years at Rogers Communications Inc. as a…

  • By: Staff
  • April 29, 2020 November 12, 2020
  • 09:00
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Coronavirus crisis sparks need for more investment analysis, monitoring

The current market environment isn’t like a regular market correction, but more like a natural disaster, says Joseph Connolly, vice-president of asset and risk management…

  • By: Yaelle Gang
  • April 29, 2020 December 13, 2020
  • 07:58
Institutional investors set to pull back on real estate investments in 2020: survey

Institutional investors set to pull back on real estate investments in 2020: survey

Global institutional investors say they intend to gently reduce their average new capital commitments to real estate in 2020. According to a new report by…

  • By: Staff
  • April 28, 2020 November 12, 2020
  • 15:15