Latest news in Benefits Canada News

Majority of employers enhancing total rewards to improve attraction, retention efforts: survey

The majority (80 per cent) of Canadian employers say they enhanced their total rewards programs in 2022 to better attract and retain employees, up from…

  • By: Staff
  • December 8, 2022 December 7, 2022
  • 09:00

Rothmans, Benson & Hedges enhancing fertility benefits, mental-health coverage

Rothmans, Benson & Hedges Inc. is providing employees with coverage for egg freezing and expanding some fertility allowances, as well as introducing gender affirmation coverage.…

  • By: Sadie Janes
  • December 8, 2022 December 8, 2022
  • 09:00

EI system requires modernization to withstand economic challenges: report

Canada’s employment insurance system requires modernization to withstand future economic challenges and to ensure Canadians’ financial security, according to a new report by the Institute…

  • By: Staff
  • December 8, 2022 December 7, 2022
  • 09:00

Ontario Teachers’ names Anna Murray global head of sustainable investing

The Ontario Teachers’ Pension Plan Board is appointing Anna Murray as its senior managing director and global head of sustainable investing. In the new role,…

  • By: Staff
  • December 7, 2022 December 7, 2022
  • 15:00

DC plan members nearing retirement need employers’ help to achieve financial security: report

Defined contribution pension plan members nearing retirement may need their employers’ help to achieve financial security during an era of low interest rates and increased…

  • By: Staff
  • December 7, 2022 December 6, 2022
  • 09:00

How employers can incentivize non-smoking employees

Employers planning to incentivize non-smoking employees should align these perks with a broader health and well-being strategy and ensure the rewards are significant enough to…

  • By: Sadie Janes
  • December 7, 2022 December 6, 2022
  • 09:00

Salesforce mandating some employees return to office three days a week

Salesforce Inc. is requiring some employees return to the office and abide by other productivity rules amid slowing revenue growth. The organization, which was one…

  • By: Staff
  • December 7, 2022 December 6, 2022
  • 09:00

AIMCo-financed carbon emissions down 9% in 2021

The Alberta Investment Management Corp.’s total financed carbon dioxide emissions fell nine per cent in 2021, according to its annual climate disclosure. According to figures…

  • By: Staff
  • December 6, 2022 December 6, 2022
  • 12:00
Copyright_ilixe48_123RF

Expert panel: What does it mean for pension plan members to live separate and apart?

While pension plan administrators know about their plan members’ employment history and salaries, they may not expect to learn much about their personal lives, including how…

42% of Canadian employers expecting obstacles in recruiting, retaining skilled workers: report

Two-fifths (42 per cent) of Canadian employers say they anticipate obstacles related to recruiting and retaining skilled employees over the next three months, according to…

  • By: Staff
  • December 6, 2022 December 6, 2022
  • 09:00
Copyright_jovannig_123RF

USW, American Airlines agreement includes pension, benefits gains

The union representing roughly 300 employees at American Airlines in Toronto and Montreal has ratified a new two-year agreement that includes pension and benefits improvements.…

  • By: Staff
  • December 6, 2022 December 6, 2022
  • 09:00

Tech sector employment, pay gaps persist for women, BIPOC community: report

Women, people of colour and immigrants in Canada’s technology sector saw employment and pay inequities persist — and in some cases, worsen — between 2001…

World’s 100 largest asset managers’ AUM up 9% in 2021: report

The world’s 100 largest asset managers grossed US$25.7 trillion in assets under management as of Dec. 31, 2021, up nine per cent from the previous…

  • By: Staff
  • December 5, 2022 December 5, 2022
  • 09:00

Thomson Reuters supporting employee well-being with new vacation policy

Thomson Reuters Corp. is supporting employee well-being with a new policy that allows workers to choose how many vacation days they take each year. Beginning…

  • By: Sadie Janes
  • December 5, 2022 December 2, 2022
  • 09:00
Copyright_galdzer_123RF

Report finds employee well-being, productivity improved during four-day workweek program

A global four-day workweek pilot program has resulted in positive impacts to employee well-being and productivity, according to a new report by Boston College, Cambridge…

  • By: Staff
  • December 5, 2022 December 2, 2022
  • 09:00
Copyright_ jirsak_123RF

87% of SMEs say employee mental-health support is important to business success: survey

The vast majority (87 per cent) of small- and medium-sized employers agreed employee mental health is very important to the success of their business, according to…

  • By: Staff
  • December 2, 2022 December 2, 2022
  • 15:00

OECD report urging policy-makers to consider role of employers in supporting pension growth

Since employers play a key role in supporting pension growth, policy-makers should consider their involvement when implementing pension reforms, according to a new report by…

  • By: Staff
  • December 2, 2022 December 1, 2022
  • 09:00
Copyright_zurijeta_123RF

Snap requiring employees to work onsite four days per week

Snap Inc. is the latest technology company requiring employees to return to the office. According to a report by Bloomberg, chief executive officer Evan Spiegel…

  • By: Staff
  • December 2, 2022 December 1, 2022
  • 09:00

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

An article on the potential impacts of a pension super-priority bill was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • December 2, 2022 December 1, 2022
  • 09:00
Copyright_ducdao_123RF

$13.5BN HSBC Canada Bank acquisition a win for pension plans, says RBC CEO

A deal for the Royal Bank of Canada to absorb HSBC Bank Canada for $13.5 billion is good news for pension plans, said Dave McKay,…

PSP acquiring Australian vineyards, OMERS selling majority stake in calibration company

The Public Sector Pension Investment Board is acquiring a portfolio of vineyards in Australia. According to the terms of the deal reached with Casella Family Brands, the…

  • By: Staff
  • December 1, 2022 December 2, 2022
  • 12:00

77% of Canadian workers facing moderate to high mental-health risk: survey

More than three-quarters (77 per cent) of Canadian employees face a moderate (45 per cent) to high (32 per cent) mental-health risk, according to LifeWorks…

  • By: Staff
  • December 1, 2022 December 1, 2022
  • 09:00

Survey finds fewer U.S. institutional investors incorporating ESG into investment decisions

Slightly more than a third (35 per cent) of U.S. institutional investors are incorporating environmental, social and governance factors into investment decisions, down from a…

  • By: Staff
  • December 1, 2022 November 30, 2022
  • 09:00
Copyright_Romolo Tavani_123RF

ACPM calling on feds, CAP sponsors to increase focus on decumulation

The Association of Canadian Pension Management is calling on the federal government and capital accumulation plan sponsors to support members’ financial wellness by focusing on…

  • By: Staff
  • November 30, 2022 November 30, 2022
  • 15:00
Copyright_number1411_123RF

Cost of medical plan claims expected to increase by 7% in 2023: report

In Canada, the year-over-year cost increase for claims under a medical plan on a per-person basis is projected to reach seven per cent in 2023,…

  • By: Staff
  • November 30, 2022 November 29, 2022
  • 09:00