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Latest news in Benefits Canada News

CPPIB assets down $16BN in Q1 fiscal 2023

The Canada Pension Plan Investment Board is reporting net assets of $523 billion for the first quarter of fiscal 2023, down from $539 billion at…

  • By: Staff
  • August 15, 2022 August 15, 2022
  • 09:00

HSBC adding coverage for fertility treatments, surrogacy, gender affirmation

HSBC Bank Canada is enhancing its benefits plan by adding new coverage for fertility treatments, surrogacy and gender affirmation. The bank is introducing a surrogacy…

  • By: Staff
  • August 15, 2022 August 13, 2022
  • 09:00
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30% of insurers making changes to ensure diversity among medical providers: report

Nearly a third (30 per cent) of insurers are making changes to ensure there’s diversity among the medical providers within their networks, according to a…

  • By: Staff
  • August 12, 2022 August 12, 2022
  • 15:00

Top 5 HR, benefits and pension stories of the week

An article on Canadian employers increasing salaries and offering remote work to attract talent was the most-read story on BenefitsCanada.com over the last week. Here…

  • By: Staff
  • August 12, 2022 August 12, 2022
  • 09:05

How employers can support employees’ financial, mental well-being during high inflation

In the midst of historically high inflation and ahead of a possible recession, it’s important for employers to offer benefits like financial counselling and flexible spending…

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Sounding board: Private health insurance industry needs to innovate to keep offering value to Canadians

There’s no question that Canadians value their private health benefits, even with pharmacare discussions back on the table. In a recent Abacus Data study, 78…

Editorial

Editorial: Employers embracing innovation, flexibility in DC plan design

The uniting theme at the 2022 Defined Contribution Plan Summit was financial wellness, a chief concern for any employer that offers a pension plan to…

Head to Head: When it comes to fossil fuels, is divestment or engagement the right route for institutional investors?

While one expert says the two approaches work most effectively together, the other highlights the importance of complete divestment. Adam Scott, director at Shift Action…

City of Toronto using cartoons to make benefits communications more engaging

When it comes to communicating with employees, it can be challenging for employers to create subject matter that’s engaging enough to ensure staff properly absorb…

2022 Consultants Report: How consultants are helping plan sponsors grapple with mega-trends for future of work

While the latest stage of the coronavirus pandemic is heralding a gradual return to relative calm, plan sponsors are stepping out of the frying pan…

Which emerging and frontier markets are institutional investors considering in 2022?

While institutional investors are no strangers to established markets such as Europe and the U.S., the world’s emerging and frontier markets can provide diversification and…

2022 DC Plan Summit coverage: What’s next for DC plans?

The 2022 Defined Contribution Plan Summit, which was hosted in Victoria, B.C. on May 11-13, featured several case studies from innovative DC plan sponsors, as…

2022 DC Plan Summit: A look at the future of work, retirement as society enters a reset moment

Over the last three centuries, society has been living in a repetitive cycle featuring large and substantial reset moments. To think of these as historical…

2022 DC Plan Summit: Highlighting pension members’ financial stressors, connection to overall well-being

In the wake of the coronavirus pandemic, five major stressors are impacting Canadians’ overall well-being, with four of these related to finances: the knowledge gap,…

2022 DC Plan Summit: How Scotiabank connects financial wellness to overall well-being

During a session at Benefits Canada‘s 2022 DC Plan Summit, Simon Cabral, Scotiabank’s director of global defined contribution plans, shared how the organization ties employees’…

2022 DC Plan Summit: Considering historical regimes in building a DC plan investment portfolio

Building a defined contribution pension plan’s investment portfolio should incorporate the benefits and drawbacks of various historical regimes to provide a strong foundation, said Ruthann…

2022 DC Plan Summit: Tracing the roots of dynamic pension pools across history, geographies

Dynamic pension pools can have a significant and positive impact on retirement outcomes if they’re supported by the appropriate legislative changes, said Barbara Sanders, associate…

2022 DC Plan Summit: The impact of career gaps, caregiving on women’s retirement readiness

When it comes to educating women about retirement and their finances, the needle hasn’t moved enough in the past few decades because the language being…

2022 DC Plan Summit: Aligning organizational sustainability strategies with DC pension plans

While many organizations have launched a sustainability strategy, Sun Life Financial Inc.’s strategy is anchored in three fundamental principles: financial security, sustainable investing and living…

2022 DC Plan Summit: Considering flexibility when implementing in-plan decumulation

While defined contribution pension plan sponsors are focusing on providing members with information, education and guidance to ensure they’re ready for retirement, advice is becoming…

2022 DC Plan Summit: How are DC plan sponsors modernizing their savings plans?

In a panel discussion during Benefits Canada‘s 2022 DC Plan Summit, three defined contribution pension plan sponsors shared how their plans are evolving to ensure…

2022 DC Plan Summit: Reviewing retirement savings through a DEI lens

An open dialogue about diversity, equity and inclusion is vital for raising the resilience and overall wealth of pension plan members, said Ryan Weiss, vice-president…

2022 DC Plan Summit: Kraft-Heinz merger kicks off review, streamlining of pension plan

With the 2015 merger of Kraft Foods and H.J. Heinz Co., Kraft Heinz Canada was left with a “mixed bag” of savings and retirement programs.…

2022 DC Plan Summit: Canfor’s multi-year financial wellness program goes beyond retirement

Providing tools to help defined contribution pension plan members make solid financial decisions rather than making the decisions for them was the impetus for Canadian…

How education benefits can help employers attract, retain staff for long term

Nowadays, a person working at the same company for more than 10 years is a rare bird. In the last few years, younger employees are…