Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 14 Jun 2021 20:51:40 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 CIBC Asset Management announces https://www.benefitscanada.com/notice/sponsored-appointment-notice/cibc-asset-management-announces/ Mon, 14 Jun 2021 20:50:38 +0000 https://www.benefitscanada.com/?p=102145 CIBC Asset Management (CIBC AM) appoints Sergio De Rango as Vice President, Institutional Business Development. Sergio will report into Carlo DiLalla, Managing Director and Head of CIBC Institutional Asset Management. Mr. De Rango joins CIBC AM at an exciting time as the firm endeavors to offer a rapidly growing suite of relevant investment capabilities to […]

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Canadian employees want short commutes, flex work post-pandemic: survey https://www.benefitscanada.com/news/bencan/canadian-employees-want-short-commutes-flex-work-post-pandemic-survey/ Mon, 14 Jun 2021 19:00:43 +0000 https://www.benefitscanada.com/?p=102090 A majority of Canadian employees want minimal commuting and flexible work arrangements post-coronavirus pandemic, according to a new survey by Angus Reid on behalf of IWG. Two-thirds (68 per cent) of respondents said they want their commute to be no longer than 30 minutes each way, with 31 per cent preferring a commute of no […]

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GroupHEALTH acquiring B.C.-based benefits provider https://www.benefitscanada.com/benefits/health-benefits/grouphealth-acquiring-b-c-based-benefits-provider/ Mon, 14 Jun 2021 13:00:00 +0000 https://www.benefitscanada.com/?p=102071 Group Health Group Holdings Inc. is acquiring a 75 per cent stake in Canadian Benefits Investment & Insurance Group Inc., a British Columbia-based provider of group benefits and wealth management services. The transaction will see GroupHEALTH expand its sales and service presence in Western Canada, according to a press release, which noted the acquisition includes […]

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OMERS in equity funding for Swedish battery manufacturer https://www.benefitscanada.com/news/cir-news-news/omers-in-equity-funding-for-swedish-battery-manufacturer/ Mon, 14 Jun 2021 12:45:49 +0000 https://www.benefitscanada.com/?p=102074 The Ontario Municipal Employees Retirement System is co-leading a US$2.75 billion ($3.3 billion) private placement to raise equity for Northvolt, a Swedish battery maker. Alongside the OMERS, four Swedish public sector pension funds, Goldman Sachs Asset Management and the Volkswagen Group also co-led the private placement. According to a press release, the equity injection will […]

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Amazon allowing remote work two days per week post-pandemic https://www.benefitscanada.com/human-resources/hr-other/amazon-allowing-remote-work-two-days-per-week-post-pandemic/ Fri, 11 Jun 2021 19:00:10 +0000 https://www.benefitscanada.com/?p=102016 Amazon.com Inc. is allowing its corporate and technology employees to continue working remotely, even after the coronavirus pandemic restrictions start to lift soon across the U.S. The retail giant said those employees can work remotely two days a week and three days days in the office. In addition, they can work remotely from a domestic […]

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Pride Month: How employers can create a more inclusive work culture https://www.benefitscanada.com/news/bencan/pride-month-how-employers-can-create-a-more-inclusive-work-culture/ Fri, 11 Jun 2021 13:30:23 +0000 https://www.benefitscanada.com/?p=101992 When Mercer Canada recently partnered with a vendor on an employee well-being initiative, the human resources team noticed the images included in the materials reflected a stereotypical idea of the traditional family — a heterosexual couple with two children, all Caucasian. “It wasn’t reflective of our population,” says Julie Duchesne, Mercer’s health business leader in […]

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Workplace Benefits Awards offers opportunity to learn from other employers, says 2020 winner https://www.benefitscanada.com/news/bencan/workplace-benefits-awards-offers-opportunity-to-learn-from-other-employers-says-2020-winner/ Fri, 11 Jun 2021 13:00:18 +0000 https://www.benefitscanada.com/?p=101954 Recognition in not one, but two categories at Benefits Canada‘s 2020 Workplace Benefits Awards is helping get the word out to Scotiabank employees that the bank is a leading employer when it comes to benefits offerings, says Ayman Alvi, director of global benefits. Read: Who are the winners of the 2020 Workplace Benefits Awards? “We participated in the Workplace […]

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Ontario court upholds arbitration clause in employment contract https://www.benefitscanada.com/news/ontario-court-upholds-arbitration-clause-in-employment-contract/ Thu, 10 Jun 2021 19:00:27 +0000 https://www.benefitscanada.com/?p=101858 An arbitration clause that doesn’t explicitly prohibit a terminated employee from making a complaint to the Ministry of Labour doesn’t offend employment standards legislation, the Ontario Superior Court has ruled. “The ruling will give comfort to employers that Ontario courts will enforce arbitration clauses,” says David Vaillancourt of Toronto’s AGM LLP, who represented Dealnet Capital […]

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Decline in bond yields signals market observers to be on ‘inflation watch’: report https://www.benefitscanada.com/news/cir-news-news/decline-in-bond-yields-signals-market-observers-to-be-on-inflation-watch-report/ Thu, 10 Jun 2021 16:30:49 +0000 https://www.benefitscanada.com/?p=101884 The funded position for an average Canadian defined benefit pension plan improved slightly during May, with a solvency of 108.2 per cent, according to a new report by LifeWorks Inc. (formerly Morneau Shepell Ltd.) On an accounting basis, it found expenses for the average pension plan had dropped precipitously since the beginning of 2021, at […]

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Sears Canada retirees’ group says bankruptcy laws unjust for pensioners https://www.benefitscanada.com/pensions/governance-law/sears-canada-retirees-group-says-bankruptcy-laws-unjust-for-pensioners/ Thu, 10 Jun 2021 13:30:26 +0000 https://www.benefitscanada.com/?p=101844 Canada’s bankruptcy laws should be changed to avoid future financial hardship for members of other underfunded pension plans, said a court-appointed representative for Sears Canada retirees. Kenneth Eady, a former Sears Canada management employee who now represents 17,000 other pensioners, told MPs on Tuesday that he doesn’t believe it’s fair that Canada’s two bankruptcy laws give banks more protection […]

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