Latest news in Benefits Canada Archive

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Are the days of monetary policy coming to an end?

The days of monetary policy as the most effective tool for stimulating the economy are over, as central banks around the world are increasingly limited…

Monetary policy no longer the best tool for supporting economic growth

Monetary policy no longer the best tool for supporting economic growth

The days of monetary policy as the most effective tool for stimulating the economy are over, as central banks around the world are increasingly limited in the…

More employers offering financial well-being benefits: survey

More employers offering financial well-being benefits: survey

Financial well-being benefits are on the rise in North America, according to a new survey by WorldatWork. Among the companies surveyed, 70 per cent said they currently…

  • By: Staff
  • January 9, 2020 November 30, 2020
  • 09:15
Nortel pensioners lose $200M refund battle with Ontario’s PBGF

Nortel pensioners lose $200M refund battle with Ontario’s PBGF

Ontario’s pension benefits guarantee fund has successfully reclaimed some $200 million from monies allocated to pensioners in Nortel Networks Corp. bankruptcy proceedings. The silver lining…

Ontario Teachers’ selling minority interests in Brussels Airport

Ontario Teachers’ selling minority interests in Brussels Airport

The Ontario Teachers’ Pension Plan is selling minority interests of its indirect stake in the Brussels Airport to Japan’s Government Pension Investment Fund and NSW…

  • By: Staff
  • January 8, 2020 November 12, 2020
  • 15:15
OMERS names new chief pension officer

OMERS names new chief pension officer

The Ontario Municipal Employees Retirement System is naming Annesley Wallace as its new chief pension officer. Wallace has been with the OMERS pension services team…

  • By: Staff
  • January 8, 2020 November 30, 2020
  • 09:45
‘War for talent’ to drive employers’ total rewards strategy in 2020

‘War for talent’ to drive employers’ total rewards strategy in 2020

Strong competition to attract and retain talent will drive employers to adopt holistic employee wellness strategies in 2020, according to the Workforce Institute at Kronos…

Mat leave returnees no longer facing reset of LTD pre-existing clause

Mat leave returnees no longer facing reset of LTD pre-existing clause

Major Canadian insurers are no longer resetting the long-term disability pre-existing condition clause for women whose benefits coverage lapsed during their maternity leave when they return…

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MSCI adds ESG and factors indexes to fixed income offerings

MSCI Inc. is launching 15 new fixed income indexes, with factor investing and ESG at their core. This will include two new indexes relating to…

  • By: Staff
  • January 8, 2020 December 13, 2020
  • 08:54

Former Ontario Teachers’ CEO appointed senior fellow at C.D. Howe Institute

Ron Mock, who recently retired as the president and chief executive officer of the Ontario Teachers’ Pension Plan, has been appointed a senior fellow of…

  • By: Staff
  • January 8, 2020 December 13, 2020
  • 08:48
Former Ontario Teachers’ CEO appointed senior fellow at C.D. Howe Institute

Former Ontario Teachers’ CEO appointed senior fellow at C.D. Howe Institute

Ron Mock, who recently retired as the president and chief executive officer of the Ontario Teachers’ Pension Plan, has been appointed a senior fellow of the…

  • By: Staff
  • January 7, 2020 November 12, 2020
  • 15:15
LiUNA pension fund acquiring mixed-use real estate in Toronto

LiUNA pension fund acquiring mixed-use real estate in Toronto

The Laborers’ International Union of North America’s Central and Eastern Canada Pension Fund and Freed Developments Ltd. are jointly acquiring a mixed-use site in Toronto. Fengate Asset…

  • By: Staff
  • January 7, 2020 November 12, 2020
  • 15:00
Ontario Teachers’ investing in European digital health-care provider

Ontario Teachers’ investing in European digital health-care provider

The Ontario Teachers’ Pension Plan is leading a US$155-million round of financing for KRY, a European digital health-care provider. The financing was made through the Teachers’…

  • By: Staff
  • January 7, 2020 November 12, 2020
  • 09:30
New U.S. law may encourage businesses to offer retirement plans

New U.S. law may encourage businesses to offer retirement plans

A new law expanding retirement plan options for small businesses may encourage more American companies to offer the benefits to their workers. The Setting Every…

Starbucks offering meditation app to all Canadian employees

Starbucks offering meditation app to all Canadian employees

Starbucks Canada is giving its more than 23,000 employees a free subscription to meditation app Headspace. In total, more than 200,000 employees across North America are receiving access…

  • By: Staff
  • January 6, 2020 November 12, 2020
  • 15:00
Ethical veganism a philosophical belief, finds British tribunal in pension investment case

Ethical veganism a philosophical belief, finds British tribunal in pension investment case

On Friday, a judge in Norwich, U.K. ruled that ethical veganism qualifies as a philosophical belief under Britain’s Equality Act, in a pension-related case filed by ethical…

France enters crucial week of talks with unions on pensions

France enters crucial week of talks with unions on pensions

French President Emmanuel Macron is preparing to launch a crucial week of negotiations with labour unions amid nationwide protests and transport strikes against the government’s…

Caisse invests in Canadian home care tech company

Caisse invests in Canadian home care tech company

The Caisse de dépôt et placement du Québec, together with iNovia Capital, is investing US$37 million in home care technology provider AlayaCare. AlayaCare provides a cloud-based…

  • By: Staff
  • January 6, 2020 November 12, 2020
  • 09:30

Climate change, aging population major economic factors in forecast for 2020s

A new economic report says the next decade in Canada will increasingly be shaped by the twin forces of climate change and demographic disruption from…

U.S.-Iran tensions roil world markets as gold hits seven-year high

Global stock markets took another hit Monday while oil and gold prices surged in response to the escalating tensions in the Middle East following the…

Canadian DB pensions boost solvency levels in Q4 2019: reports

Canadian DB pensions boost solvency levels in Q4 2019: reports

Canada’s defined benefit pension plans increased their solvency levels in 2019 and have equity markets to thank, according to Mercer. The Mercer pension health index,…

  • By: Staff
  • January 3, 2020 November 12, 2020
  • 10:00

Quebec drug pooling corp.’s cost increases mean premium hikes for plan sponsors

Quebec employers can expect to face significant increases to their drug pooling premiums in 2020. The Quebec Drug Insurance Pooling Corp., which sets the annual pooling parameters…

Women and men to reach pay equality in 257 years: report

Women and men to reach pay equality in 257 years: report

Men and women will have pay equality in 257 years, according to a new report by the World Economic Forum. The estimate is 55 more…

  • By: Staff
  • January 3, 2020 November 12, 2020
  • 09:35
Will institutional investors favour private equity in 2020?

Will institutional investors favour private equity in 2020?

Looking back on last year’s investment activity, institutional investors continued to pile into private equity. Globally, commitments to private equity funds jumped 27 per cent,…

  • By: Staff
  • January 3, 2020 November 12, 2020
  • 09:30
Conference coverage: 2019 Toronto Mental Health Summit

Conference coverage: 2019 Toronto Mental Health Summit

On Nov. 29, the 2019 Toronto Mental Health Summit featured sessions on how employers can approach mental health in the workplace, including removing the stigma and…