Latest news in Benefits Canada News

Alberta government accused of sitting on provincial pension feasibility study

Alberta’s finance critic says a report on the feasibility of a provincial replacement for the Canada Pension Plan has been kept back from the public…

  • By: Staff
  • July 11, 2023 July 11, 2023
  • 12:00

OMERS to acquire Dutch energy infrastructure solutions business, Ontario Teachers’ investing in Australian industrial site

The Ontario Municipal Employees’ Retirement System’s infrastructure arm, alongside APG Asset Management on behalf of Dutch pension fund ABP, is signing an agreement to acquire…

  • By: Staff
  • July 11, 2023 July 11, 2023
  • 12:00

Canada Post pension plan down 6.7% in 2022

Canada Post Corp.’s defined benefit pension plan’s assets declined 6.7 per cent in 2022, according to its  latest annual report “2022 was a turbulent year…

  • By: Staff
  • July 11, 2023 July 11, 2023
  • 09:00

Fidelity supporting young Canadians’ financial literacy with video series

Fidelity Canada is supporting the future financial well-being of young Canadians through a new video series hosted by the organization’s employees. The series, known as…

Copyright_marchmeena_123RF

U.S. workplace disability insurance premiums reach $1.7BN in Q1 2023: report

Total U.S. sales of workplace disability insurance premiums reached $1.7 billion in the first quarter of 2023 — a year-over-year increase of five per cent — driven…

  • By: Staff
  • July 10, 2023 July 10, 2023
  • 15:00

Survey finds employees seeking more control over workday through flexible hours, remote working

A majority of Canadian employees want their employer to implement flexible work hours (68 per cent) and remote working options (52 per cent) to help them…

  • By: Staff
  • July 7, 2023 July 7, 2023
  • 15:00

Redbrick supporting remote employees through benefits offerings, virtual events

Victoria, B.C.-based technology company Redbrick is supporting its remote employees through individualized benefits offerings and unique virtual events. “For us, remote work continues to be part…

Top 5 HR, benefits, pension and investment stories of the week

An article on how Scotiabank is aligning its benefits offerings across global markets was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • July 7, 2023 July 6, 2023
  • 09:00
Copyright_evgenyatamanenko_123RF

41% of U.S. workers believe future generations of retirees will be worse off: survey

Two-fifths (41 per cent) of U.S. employees say future generations of retirees will be worse off than those currently in retirement, according to a new…

  • By: Staff
  • July 7, 2023 July 6, 2023
  • 09:00

Canada Post appointing Theva Naidoo as director of pension fund investments, external equities

The Canada Post Corp. pension plan is appointing Thavanesan Naidoo as director of pension fund investments and external equities. Naidoo, who has more than 30…

  • By: Staff
  • July 6, 2023 July 6, 2023
  • 12:30

CPPIB acquiring experience management software company, PSP selling 10% stake in locomotive business

The Canada Pension Plan Investment Board is acquiring a significant stake in an experience management software provider. The investment organization and Silver Lake, a global…

  • By: Staff
  • July 6, 2023 July 5, 2023
  • 12:00
Copyright_kantver_123RF

Expert panel: How portable benefits can support inclusivity among gig workers

The concept of employee benefits was established on a foundation built decades ago, when employees worked full time and long term with one employer. Those…

Median solvency ratio of Canadian DB pensions up in Q2: reports

Canadian defined benefit pension plans’ median solvency ratio increased in the second quarter of 2023, according to a new report by Mercer. The report, which looked…

  • By: Staff
  • July 6, 2023 July 5, 2023
  • 09:00

74% of U.S. employers planning to consolidate health benefits offerings: survey

Three-quarters (74 per cent) of U.S. employers say they plan to consolidate their health benefits within the next year, according to a new survey by Summus…

  • By: Staff
  • July 5, 2023 July 5, 2023
  • 15:00
Copyright_irynatolm_123RF

Scotiabank supporting employee well-being by aligning benefits offerings across global markets

Scotiabank is supporting employee well-being and workplace inclusivity by aligning benefits offerings across its global markets. Employees in the majority of countries where Scotiabank operates…

Coverage of the 2023 Benefits & Pension Summit

The annual Benefits & Pension Summit, which was hosted virtually on June 1, is the only Benefits Canada event that brings together health benefits and capital accumulation…

2023 BPS coverage: Preparing CAP members for retirement in a challenging economic environment

High inflation and interest rates are having a real impact on people’s finances, according to Benefits Canada‘s 2023 CAP Member Survey, which found 76 per…

Copyright_elovkoff_123RF

2023 BPS coverage: TD Bank’s culture of care driving benefits plan enhancements

TD Bank Group credits its culture of care for the recent enhancements to its benefits plan. “We place a great amount of emphasis and focus…

2023 BPS coverage: Millennials expect more from employers, group benefits plans

Since 2016, millennials have made up a larger share of the working population than baby boomers — and today, one in three Canadians of working…

2023 BPS coverage: Diabetes, asthma, ADHD account for high drug claims in 2022

Three main drug categories — diabetes, asthma and stimulants for attention deficit hyperactivity disorder — accounted for rising drug claims in 2022, according to Lavina…

2023 BPS coverage: How Fluor Canada is prioritizing plan members’ financial wellness

Citing a variety of surveys, Terry-Lynn Levy (pictured left), manager of human resources, benefits, wellness and HR information systems at Fluor Canada, said more than a…

Copyright_noodles73_123RF

TTC Pension Plan appointing Andy Greene as CIO, James Clarkson as CFO

The Toronto Transit Commission Pension Plan board is appointing Andy Greene as chief investment officer and James Clarkson as chief financial officer and treasurer. As CIO,…

  • By: Staff
  • July 4, 2023 July 4, 2023
  • 12:30

Canadian annuity prices show asymmetrical response to interest rate shifts: experts

Canadian annuity prices have an asymmetrical response to changing interest rates, making it more expensive to de-risk defined benefit pension plans shortly after rates rise,…

Copyright_rambleon_123RF

Feds consulting on draft amendments to pension legislation for transfer of missing members’ benefits

The federal government is launching a consultation on draft amendments to pension legislation pertaining to the transfer of unclaimed benefits for missing plan members. Under…

Top 5 HR, benefits, pension and investment stories of the week

An article on Toyota Motor Manufacturing Canada’s gender affirmation coverage was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular…

  • By: Staff
  • June 30, 2023 June 29, 2023
  • 09:00