Latest news in Benefits Canada Archive

Canadians concerned about retirement readiness: surveys

Canadian workers don’t think they’ll have enough savings for their retirement, according to two new surveys. While 68 per cent of respondents said they’re currently saving…

  • By: Staff
  • February 12, 2020 February 16, 2022
  • 15:15
Union representing CRA staff seeking more leave, flexibility ahead of strike votes

Union representing CRA staff seeking more leave, flexibility ahead of strike votes

Employees at the Canada Revenue Agency, represented by the Union of Taxation Employees, are set to hold strike votes throughout February as negotiations continue on wages and issues…

CPP enhancements good start, but more needed to ensure retirement readiness: report

CPP enhancements good start, but more needed to ensure retirement readiness: report

The Canada Pension Plan enhancements are a strong start but the country needs to do more to help people prepare for retirement, according to a…

  • By: Staff
  • February 12, 2020 November 30, 2020
  • 09:30

More than half of Canadians fear not having enough for retirement, says poll

A Scotiabank retirement survey says more than half of respondents are concerned that financial pressure will force them to re-enter the workplace after they retire.…

Big data, technology changing the nature of investment HR

With a rise in big data and artificial intelligence, institutional investors are starting to look for staff with different skills. Much of the success in…

  • By: Yaelle Gang
  • February 12, 2020 December 13, 2020
  • 08:27

Flex working help employees manage mental well-being: survey

Flexibility on the job can go a long way to helping employees manage their mental well-being, according to a survey by FlexJobs. The survey, which polled…

  • By: Staff
  • February 11, 2020 November 23, 2020
  • 15:30
Hub acquiring Quebec consultancy Azur

Hub acquiring Quebec consultancy Azur

Hub International Ltd. is acquiring employee benefits consulting firm Azur Consulting Services Inc. Based in Longueuil, Que., Azur provides group and health benefits solutions for its…

  • By: Staff
  • February 11, 2020 November 12, 2020
  • 15:00

A look at the WSIB Employees’ Pension Plan’s conversion to a JSPP model

Ontario’s Workplace Safety and Insurance Board is converting its defined benefit pension plan to a jointly sponsored model, making it the first single-employer plan in…

Is it time to reconsider drug dispensing fee maximums?

Is it time to reconsider drug dispensing fee maximums?

In employee benefits plans, maximums and caps on prescription drug dispensing fees are common cost management features. These features are designed to nudge plan members to…

  • February 11, 2020 November 12, 2020
  • 08:30
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TD Asset Management launches new global real estate fund for institutional investors

TD Asset Management Inc. is launching a new fund to meet the needs of institutional investors looking for exposure to global real estate markets. The…

  • By: Yaelle Gang
  • February 11, 2020 December 13, 2020
  • 08:11
OMERS investing in German internet infrastructure, PSP in cloud security platform

OMERS investing in German internet infrastructure, PSP in cloud security platform

The infrastructure arm of the Ontario Municipal Employees Retirement System and the EQT Infrastructure IV fund are jointly purchasing German fibre technology company Deutsche Glasfaser Holding. Deutsche…

  • By: Staff
  • February 10, 2020 November 12, 2020
  • 16:00
DC pension assets beating out DB in largest markets: report

DC pension assets beating out DB in largest markets: report

For the first time, defined contribution plan assets are exceeding defined benefit holdings across the world’s six largest pension markets, according to new report by Willis…

  • By: Staff
  • February 10, 2020 November 30, 2020
  • 10:10
City of Toronto completes final pension plan transfer to OMERS

City of Toronto completes final pension plan transfer to OMERS

The City of Toronto has completed the transfer of its Metropolitan Toronto Pension Plan to the Ontario Municipal Employees Retirement System. The Metro plan was…

Most Canadians unsure how much money they’ll need for retirement: survey

Most Canadians unsure how much money they’ll need for retirement: survey

While Canadians said they plan to retire, on average, at age 62, 59 per cent said they can’t estimate how much money they’ll need to…

  • By: Staff
  • February 7, 2020 November 30, 2020
  • 15:15
OPTrust, partners enters leasing transaction for Google in Toronto

OPTrust, partners enters leasing transaction for Google in Toronto

As part of a group of investors, the OPSEU Pension Trust is entering into a long-term leasing transaction with Google. The agreement will see the technology…

  • By: Staff
  • February 7, 2020 November 12, 2020
  • 15:00
Is tech the only equity sector with any alpha left?

Is tech the only equity sector with any alpha left?

For institutional investors looking for alpha, there’s one sector in particular where they can find it, said Jeremy Yeung, vice-president of portfolio management and portfolio manager at Signature…

Changes to Canadians’ life expectancy could have small effect on pension liabilities

Changes to Canadians’ life expectancy could have small effect on pension liabilities

Life expectancy at age 65 has marginally increased for Canadian men while remaining stable for Canadian women, according to new data from Statistics Canada. It…

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North American stock markets set record highs after China cuts tariffs in half

North American stock markets marched to record highs Thursday on dissipating virus risks and China saying it would cut tariffs on U.S. imports in half.…

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Canadian VC activity continues to rise: report

Canadian venture capital funding continues to rise for the third year in a row, according a report from MoneyTree Canada Over the course of 469…

  • By: Staff
  • February 7, 2020 December 13, 2020
  • 07:05
Immunotherapy innovations beneficial in kidney cancer treatment

What do cancer research and predicting treasury yields have in common?

Historically, the expertise and tools required in cancer research had little, if nothing, to do with the skills and tools used in quantitative finance. But…

  • By: Yaelle Gang
  • February 7, 2020 December 13, 2020
  • 06:50
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Caisse investing in private credit financing in India

The Caisse de dépôt et placement du Québec is teaming up with Piramal Asset Management Private Ltd. to form a US$300 million platform to invest…

  • By: Staff
  • February 7, 2020 December 13, 2020
  • 06:41
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Is tech the only equity sector with alpha left?

If institutional investors want alpha, there’s one sector in particular where they can find it, said Jeremy Yeung, vice-president of portfolio management and portfolio manager…

B.C. school district appoints CWB as pension custodian

B.C. school district appoints CWB as pension custodian

Coquitlam, B.C.’s School District #43 has appointed CWB Trust Services as custodian and trustee for its non-teaching staff’s defined benefit pension plan. “As we conducted our…

  • By: Staff
  • February 6, 2020 November 11, 2020
  • 16:00
High-cost drug strategy, flexible annuities in CLHIA wish list for federal budget

High-cost drug strategy, flexible annuities in CLHIA wish list for federal budget

The Canadian Life and Health Insurance Association is asking the federal government to develop a strategy for access to high-cost drugs and to make flexible annuity options available for…

  • By: Staff
  • February 6, 2020 November 30, 2020
  • 08:30
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U.S.-China trade relations see short-term calm, but clouds remain for 2021

The recent publication of the U.S.-China trade deal and the final macroeconomic numbers for 2019 should set the stage for healthy economic performance and stronger…