Latest news in Benefits Canada Archive

Ontario pension bill includes changes to e-communications, missing members

Ontario pension bill includes changes to e-communications, missing members

With the introduction of Bill 132 in the Ontario legislature last week, pension plan sponsors should be aware of a number of amendments coming to…

  • By: Staff
  • November 6, 2019 November 30, 2020
  • 15:15
RBC real estate fund, with BCI partnership at core, exceeds targets in first equity tranche

RBC real estate fund, with BCI partnership at core, exceeds targets in first equity tranche

A new Canadian core real estate fund has attracted more than $1.25 billion in equity commitments in its first subscription tranche, materially exceeding targets. RBC…

  • By: Staff
  • November 6, 2019 November 11, 2020
  • 14:37
PSP investing in U.K. real estate; Caisse in medical startup fund, Indian infrastructure

PSP investing in U.K. real estate; Caisse in medical startup fund, Indian infrastructure

The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest £250 million in a commercial property in Cambridge, U.K. The agreement marks the…

  • By: Staff
  • November 6, 2019 November 12, 2020
  • 09:30
Focusing on innovation helps CPPIB thrive in tricky markets

Focusing on innovation helps CPPIB thrive in tricky markets

While markets remain in the longest bull run in history, worries abound that the party has to come to an end. “Interest rates have been…

How pension policy reform in Asia is addressing retirement income security

How pension policy reform in Asia is addressing retirement income security

Governments in Asia are stepping up their pension reforms to boost retirement savings adequacy, potentially generating business opportunities for asset managers operating in the region.…

  • By: Staff
  • November 6, 2019 February 23, 2021
  • 09:00
The shifting nature of private equity

The shifting nature of private equity

While private equity’s original advantage was taking over a firm to revamp its governance and operations, private equity companies are now finding fewer underperforming firms…

  • By: Yaelle Gang
  • November 6, 2019 November 11, 2020
  • 08:44
Empire Life partnering with insurtech company on platform for TPAs

Empire Life partnering with insurtech company on platform for TPAs

The Empire Life Insurance Co. is partnering with Rimouski, Que.-based insurtech company Magik-Net to build a real-time platform for third-party administrators. The platform aims to help TPAs…

  • By: Staff
  • November 5, 2019 November 12, 2020
  • 15:15
Canadian DB plans return median 1.7 per cent in Q3

Canadian DB plans return median 1.7 per cent in Q3

Canadian defined benefit pension plans posted a median 1.7 per cent return in the third quarter of 2019, down from 2.7 per cent in the…

  • By: Staff
  • November 5, 2019 November 12, 2020
  • 15:00
How one Niagara Casinos employee advocated for continuous glucose monitoring coverage

How one Niagara Casinos employee advocated for continuous glucose monitoring coverage

When it came to asking his employer to add continuous glucose monitoring to its benefits package, John Whitehead, a level-two food server at Niagara Casinos,…

Can machine learning help active managers outperform passive peers?

Can machine learning help active managers outperform passive peers?

Active investors should combine their own analytical work with the use of machine learning to get a leg up on their passive peers, according to a new paper. Fiona…

Hub acquiring Alberta-based employee benefits consultancy

Hub acquiring Alberta-based employee benefits consultancy

Hub International Ltd. is acquiring RBI Advisory Group, an Okotoks, Alta.-based employee benefits consultancy. RBI has been providing advisory services to employers and associations around…

  • By: Staff
  • November 4, 2019 November 12, 2020
  • 15:30
CPPIB buying U.S.-based renewable energy developer

CPPIB buying U.S.-based renewable energy developer

The Canada Pension Plan Investment Board is acquiring renewable energy company Pattern Energy Group Inc. in an all-cash deal. The purchase of the San Francisco-based company…

  • By: Staff
  • November 4, 2019 November 12, 2020
  • 15:00
FSRA stakeholder advisory committee for pensions appoints members

FSRA stakeholder advisory committee for pensions appoints members

The Financial Services Regulatory Authority of Ontario has appointed members to its stakeholder advisory committee for the pension sector. The committee, which was introduced in July…

  • By: Staff
  • November 4, 2019 November 30, 2020
  • 10:15
Maximum pensionable earnings under CPP to rise in 2020

Maximum pensionable earnings under CPP to rise in 2020

Maximum pensionable earnings under the Canada Pension Plan are rising from $57,400 to $58,700 for 2020. The increase takes into account the growth in average weekly wages…

  • By: Staff
  • November 4, 2019 November 30, 2020
  • 09:45
Investing in employee mental health good for business: report

Investing in employee mental health good for business: report

While organizational leaders may not be convinced about the return on investment of mental-health programs, the costs of the alternative — doing nothing — are great…

The who and why of pension de-risking

The who and why of pension de-risking

Like Canadian defined benefit plans, many U.S. plan sponsors are purchasing annuities to get out of the pension business. But why are companies choosing the…

  • By: Yaelle Gang
  • November 4, 2019 November 11, 2020
  • 08:48
BMO Global Asset Management appoints new director of responsible investment

BMO Global Asset Management appoints new director of responsible investment

BMO Global Asset Management is appointing Nalini Feuilloley as director of its responsible investment team for North America. Nalini was previously head of Canada for…

  • By: Staff
  • November 4, 2019 November 11, 2020
  • 08:45
AIMA publishes handbook on Canada’s alternative investment landscape

AIMA publishes handbook on Canada’s alternative investment landscape

The Alternative Investment Management Association has published a new handbook on the Canadian alternative investment landscape. “Canada has a long history of excellence in alternatives,”…

  • By: Yaelle Gang
  • November 1, 2019 November 11, 2020
  • 09:30
Will new changes to federal insolvency laws protect retirees?

Will new changes to federal insolvency laws protect retirees?

Pensions have been imperilled by corporate insolvency before, but three new amendments to federal laws may create stronger protections for employees and retirees. Changes to the…

Caisse investing in Quebec agricultural cooperative

Caisse investing in Quebec agricultural cooperative

The Caisse de dépôt et placement du Québec is investing in La Coop Fédérée, the largest agri-food enterprise in Quebec and the only Canada-wide agricultural cooperative. The investment —…

  • By: Staff
  • November 1, 2019 November 11, 2020
  • 09:27
VIA Rail, Unifor collective bargaining includes strengthening pension plan

Via Rail, Unifor collective bargaining includes strengthening pension plan

Unifor locals representing Via Rail Canada Inc. employees have opened bargaining in Montreal as contracts are set to expire for more than 2,000 members. Members…

Conference Coverage: 2019 DC Investment Forum

Conference Coverage: 2019 DC Investment Forum

On Sept. 27, the 2019 Defined Contribution Investment Forum delved into the latest trends in behavioural finance and DC plan member engagement, as well as…

Seeking better risk levels by adding alternatives to DC plans

Seeking better risk levels by adding alternatives to DC plans

A defined contribution plan sponsor’s strategic decisions around asset allocation are far more influential to the performance of the pension portfolio than security selection or…

U.S. lessons for Canadian DC pension plans

U.S. lessons for Canadian DC pension plans

Defined contribution plan sponsors have a tough job. “Every day that goes by, DC is getting harder and harder to solve for,” said Lorie Latham,…

Are automatic DC plan features affecting the pension gender gap?

Are automatic DC plan features affecting the pension gender gap?

With cohorts in the workforce behaving differently as they prepare for retirement, it’s important for plan sponsors to consider these differences along gender and generational…