Latest news in Benefits Canada News

Scotiabank increasing mental-health coverage, providing leadership training

Scotiabank is increasing its focus on mental health through expanded benefits coverage and additional training for employees in leadership roles. Beginning April 1, 2022, all…

  • By: Blake Wolfe
  • November 18, 2021 November 18, 2021
  • 09:00

Ohio retirement fund suing Facebook over investment loss

Ohio’s largest public employee pension fund is suing Facebook — now known as Meta — alleging that it broke U.S. federal securities law by purposely misleading…

Sounding Board: How institutional investors can manage the physical risks of climate change

With recent deadly heat waves and wild fires ravaging Canada’s west coast and large-scale flooding in the east, who can ignore the growing risk of…

Remote, hybrid or in-office work? Marketing agency lets staff decide

Fuse Create is adopting a hybrid work policy and leaving the decision to continue working from home or return to the office entirely up to…

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Employers see retirement benefits as top attraction, retention tool: survey

A majority of Canadian employers believe providing workplace retirement savings plans can improve employee attraction and retention, according to a survey by Maru Group Ltd.…

ACPM urging Retraite Québec to address recovery measures timing in draft pension amendment

The Association of Canadian Pension Management is calling on Retraite Québec to review its draft amendment of a regulation governing supplemental pension plans. In a…

  • By: Staff
  • November 16, 2021 November 16, 2021
  • 15:00
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CPPIB investing in commercial real estate in Mumbai and Birmingham

The Canada Pension Plan Investment Board and Phoenix Mills Ltd. are forming a joint venture to develop an office-led, mixed-use building in Mumbai. The Canadian…

  • By: Staff
  • November 16, 2021 November 16, 2021
  • 09:00

Small businesses increasing wages, benefits to attract talent: survey

Almost half (46 per cent) of small businesses that are currently experiencing hiring difficulties have increased wages, while 27 per cent have increased benefits and…

  • By: Staff
  • November 16, 2021 November 15, 2021
  • 09:00

Dynamic pension pools a viable decumulation option for Canadians: report

With 10 million Canadian baby boomers entering retirement, dynamic pension pools could help seniors turn their accumulated savings into low-cost lifetime pension income, according to…

  • By: Staff
  • November 16, 2021 November 15, 2021
  • 09:00

Survey says 22% of pre-retirees planning to work past age 65

A growing number of pre-retirees are planning to delay their retirement past age 65, according to a new survey by Fidelity Investments Inc. The survey,…

  • By: Staff
  • November 15, 2021 November 16, 2021
  • 15:00

Employers enforcing rules for unvaccinated employees

Employers are beginning to enforce rules for employees who aren’t vaccinated against the coronavirus. To go to work today, Ontario long-term care staff must have…

AIMCo sells stake in Spanish renewable energy company, issues inaugural green bond

The Alberta Investment Management Corp. is selling its 97.33 per cent ownership stake in a Spanish renewable energy company. Eolia Renovables de Inversiones is an…

  • By: Staff
  • November 15, 2021 November 15, 2021
  • 09:00

FSRA releases final guidance on impact of marriage breakdown on pension benefits

The Financial Services Regulatory Authority of Ontario is clarifying its guidance on the administration of pension benefits upon marriage breakdown. The final guidance, which came into…

  • By: Staff
  • November 12, 2021 November 12, 2021
  • 15:00

Automatic features in DC pension plans may benefit members: FSRA

The Financial Services Regulatory Authority of Ontario is encouraging defined contribution pension plan sponsors and administrators to evaluate the use of automatic features within the…

  • By: Staff
  • November 12, 2021 November 11, 2021
  • 09:00

Prescription drug costs in public plans hit $12.5BN in 2019/20: report

Prescription drug costs for public drug plans rose to $12.5 billion in 2019/20, a 3.7 per cent rise in spending since 2017/18, driven primarily by…

  • By: Staff
  • November 12, 2021 November 12, 2021
  • 09:00

AIMCo focusing on all three legs of ESG stool: report

The Alberta Management Investment Co. is focusing on all three legs of the environmental, social and governance stool this year and beyond. The government-owned pension…

  • By: Staff
  • November 12, 2021 November 12, 2021
  • 09:00

Top 5 HR, pension and benefits stories of the week

Stories delving into how employers and employees are dealing with returning to the workplace dominated the top stories over the past week on BenefitsCanada.com, with three of…

  • By: Staff
  • November 12, 2021 November 12, 2021
  • 09:00

Whole Foods offering ‘appreciation’ bonuses during holiday season

Whole Foods Market is offering its employees enhanced overtime and bonuses for hours worked during the busy holiday season. The grocery chain, which has 10…

  • By: Staff
  • November 11, 2021 November 11, 2021
  • 15:00

IMCO committing to net-zero emissions in investment portfolios by 2050

The Investment Management Corp. of Ontario is joining the growing list of asset owners committing to reaching net-zero alignment in their investment portfolios by 2050 through…

  • By: Staff
  • November 11, 2021 November 11, 2021
  • 09:00

Caisse invests in mortgage broker, Ontario Teachers’ makes reinsurance investment

The Caisse de dépôt et placement du Québec is investing in a Canadian mortgage broker. The investment in M3 Financial Group will allow the organization to…

  • By: Staff
  • November 11, 2021 November 10, 2021
  • 09:00

COP26 highlighting importance of ESG, disclosure for institutional investors

As talks at the 2021 United Nations Climate Change Conference winds down, 2022 is poised to become the “show me” year for environmental, social and…

  • By: Blake Wolfe
  • November 11, 2021 November 11, 2021
  • 09:00

Workplace training among Ontario’s mental-health support for frontline health-care workers

Ontario is revealing more about its previously announced plans to spend $12.4 million on more mental-health and addictions supports for frontline health-care workers. Following the provincial government’s announcement in…

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Employers focusing on employee-oriented interventions to reach climate goals: survey

More than four in 10 (43 per cent) employers have implemented, started to implement or are considering climate metrics for their executive incentive plans, while…

  • By: Staff
  • November 10, 2021 November 10, 2021
  • 09:00

Net-zero transition offering opportunities for Canadian pension sector: report

Canada’s $4 trillion pension sector could enjoy immense commercial benefits by aligning with the transition to net-zero emissions and helping to mobilize $140 billion of…

  • By: Staff
  • November 10, 2021 November 11, 2021
  • 09:00

Expert panel: Less talk, more action needed to move needle on DEI at top

While talk about the importance of improving diversity on corporate boards and in the C-suite has been ongoing for decades, actual action has been too…