Latest news in Benefits Canada News

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Expert panel: Is risk management the new frontier in pension governance?

The importance of risk management isn’t new for the majority of defined benefit pension plan sponsors and administrators. The impact of long-term interest rates, market…

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SPP adding two fund managers to diversify balanced fund portfolio

The Saskatchewan Pension Plan is allocating parts of its balanced fund to Ninepoint Partners and Fengate Asset Management in a bid to further diversify its portfolio. Ninepoint…

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

A third of U.S. workers believe their employer lacks sufficient commitment to DEI: survey

Roughly a third of U.S. employees believe their employer lacks a sufficient commitment to diversity, equity and inclusion, according to a new survey by Buck…

  • By: Staff
  • June 7, 2022 June 6, 2022
  • 09:00
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Sun Life completes acquisition of U.S. dental benefits provider

Sun Life Financial Inc. has completed its previously announced acquisition of U.S.-based dental benefits provider DentaQuest. DentaQuest is now part of Sun Life’s U.S. business, which…

  • By: Staff
  • June 6, 2022 June 6, 2022
  • 15:00
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Ontario Teachers’ financing European digital brokerage platform, CPPIB investing in wind energy generation

The Ontario Teacher’s Pension Plan is financing a European online brokerage platform. The pension fund was the lead in a financing round for Trade Republic…

  • By: Staff
  • June 6, 2022 June 7, 2022
  • 11:00
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Metro, Unifor agreement includes drug plan for part-time workers

The union representing 225 part-time workers at Metro Inc. warehouses in Etobicoke, Ont. has ratified a three-year agreement that includes multiple benefits gains. Unifor members…

Canadian ESG-related investment assets surge to $3.2 trillion: report

U.S. DC pension plan sponsors seeking clarity on ESG guidelines, increasing focus on financial wellness: survey

While there’s broad interest in environmental, social and governance factors, the majority of U.S. defined contribution pension plan consultants said their plan sponsor clients are…

  • By: Staff
  • June 6, 2022 June 3, 2022
  • 09:00

42% of parents postponed returning to work due to difficulties finding childcare: Stats Can

Two-fifths (42 per cent) of Canadian parents postponed returning to work in 2022 due to difficulties finding childcare, according to a new survey by Statistics…

  • By: Staff
  • June 5, 2022 June 6, 2022
  • 09:00
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Seattle passes measures to address gig worker pay, rights

Seattle’s city council unanimously approved a measure that pushes app-based companies like food delivery services to improve wages and other working conditions for gig workers.…

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Workplace Benefits Awards win boosting employee engagement for 2021 pension winner

Scotiabank’s win at Benefits Canada’s 2021 Workplace Benefits Awards led to increased employee engagement and peer recognition, says Rosemary Hatnay, director and head of total rewards solutions…

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Top 5 HR, benefits and pension stories of the week

An article on how Scotiabank is supporting employee financial well-being was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular…

  • By: Staff
  • June 3, 2022 June 2, 2022
  • 09:00

Apple, Microsoft boosting employee compensation amid inflation, tight labour market

Apple Inc. is upping its compensation package and giving its U.S. retail employees a pay increase of 10 per cent or more in a bid to…

  • By: Staff
  • June 3, 2022 June 2, 2022
  • 09:00
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Preparation, employee wellness initiatives key to workplace stroke prevention

The Heart and Stroke Foundation is marking Stroke Awareness Month by promoting employee preparation and workplace wellness initiatives. Ontario Power Generation is among the employers…

Pension plan sponsors uncertain about balancing ESG factors, fiduciary responsibilities: ACPM

Defined benefit pension plans and defined contribution pension plans are uncertain about how to incorporate environmental, social and governance issues into their investment processes in…

  • By: Staff
  • June 2, 2022 June 2, 2022
  • 12:34
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CPPIB launching growth equity team

The Canada Pension Plan Investment Board is launching a growth equity team. The team, which will be led by Leon Pedersen as managing director and…

  • By: Staff
  • June 2, 2022 January 12, 2023
  • 12:30

How CIBC is supporting LGBTQ2S+ employees, increasing DEI targets

Enhancements to the Canadian Imperial Bank of Commerce’s gender affirmation coverage is the latest way the bank is supporting LGBTQ2S+ employees during Pride Month and…

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Canadian pension annuity transfers for Q3, Q4 2021 totalled record $6.6BN: report

The Canadian pension risk transfer market registered about $6.6 billion in annuity sales in the second half of 2021, far exceeding the activity of any…

  • By: Staff
  • June 2, 2022 June 2, 2022
  • 09:00
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Ontario’s right-to-disconnect legislation takes effect

Ontario’s right-to-disconnect legislation takes effect today, requiring employers to have a written policy about employees disconnecting from their job at the end of the workday.…

  • By: Staff
  • June 2, 2022 June 1, 2022
  • 09:00
Training, integration and results crucial for company mental-health initiatives

Half of employees say loneliness is impacting work productivity: survey

Fewer than half of U.S. employees experiencing loneliness say they’re able to perform to the best of their abilities (48 per cent) and work efficiently…

  • By: Staff
  • June 1, 2022 June 1, 2022
  • 15:00

Just one in six employees feels strongly connected at work: survey

Only a sixth of employees feel highly connected at work, with employees who work onsite feeling the least connected, according to a new survey by…

  • By: Staff
  • June 1, 2022 May 31, 2022
  • 09:00
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Caisse investing in pharmaceutical company, vegetable seller

The Caisse de dépôt et placement du Québec is investing in a private pharmaceutical company. The investment in the Quebec-based Corealis Pharma Inc., a company…

  • By: Staff
  • May 31, 2022 May 31, 2022
  • 12:30

Canadian pension funds calling on Amazon to review dealings with unions

Several of Canada’s largest pension funds have backed a proposal requesting that Amazon.com Inc. review how its actions against ongoing union organizing efforts align with…

  • By: Staff
  • May 31, 2022 May 31, 2022
  • 12:30

Expert panel: The future of work is flexible, prioritizes employee mental health

Employees everywhere are redefining what work means to them and redrawing their expectations of employers. Mental-health supports and flexible working options are now imperative if…

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Unionized Starbucks employees face hard work of bargaining in drive for better pay, benefits

It’s become a common sight: jubilant Starbucks Corp. workers celebrating after successful votes to unionize at dozens of U.S. stores. But when the celebrations die…

Report finds retirees with DB pension plans draw down savings slower than those with DC plans

Retirees with defined benefit pension plans are less likely to draw down their savings to cover their spending than those with a defined contribution plan,…

  • By: Staff
  • May 31, 2022 May 30, 2022
  • 09:00