Latest news in Benefits Canada News

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Hybrid workers reporting stronger connections with colleagues, managers: survey

A majority (79 per cent) of employees in hybrid work arrangements said they have strong connections with their teammates and colleagues, compared to 70 per…

  • By: Staff
  • August 19, 2021 August 19, 2021
  • 13:00
NL’s College of Physicians and Surgeons latest employer to join DBplus pension

NL Supreme Court rules for pension member super-priority for normal costs in bankruptcies

Pension plan members have super-priority when it comes to normal costs but not to special costs owed to bankrupted plans, the Supreme Court of Newfoundland…

Study finds surge in institutional investors’ allocations to thematic sustainable investments

The number of institutional investors using thematic sustainable investment strategies grew by about 20 per cent between 2016 and 2020, according to a new study…

  • By: Staff
  • August 19, 2021 August 19, 2021
  • 09:00

CPPIB invests in German ceramics firm, Caisse to redesign central London building

The Canada Pension Plan Investment Board is investing in a German ceramics manufacturing business. The CPPIB joined the U.K.-based alternative investment management group BC Partners…

  • By: Staff
  • August 19, 2021 August 18, 2021
  • 09:00

Ontario women’s shelter, employees at impasse over wellness benefits, temporary staffing

Contract negotiations between Napanee, Ont.-based Lennox and Addington Interval House and Unifor Local 414, the union representing the company’s employees, have reached an impasse over…

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Twitter among growing list of Canadian employers, governments enacting vaccination policies

Twitter Inc. is among the latest employers enacting a coronavirus vaccination policy for employees. In an emailed statement to Benefits Canada, the social media company…

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Possible national pharmacare program has pros, cons for employers: experts

Discussion around implementing a national universal pharmacare strategy is growing louder ahead of next month’s federal election. In its 2019 budget, the federal government said it…

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19% of remote workers would mull quitting if forced to return to office: survey

Almost one in five (19 per cent) employees currently working from home said they’d consider quitting immediately if their employer demanded they return to the…

  • By: Staff
  • August 17, 2021 August 18, 2021
  • 15:00

Positive DC plan investment outlook, returns may fuel early retirements: report

After the market rollercoaster ride of 2020, investors’ expectations have shifted considerably, and many are now looking for returns of 10.6 per cent above inflation…

  • By: Staff
  • August 17, 2021 August 17, 2021
  • 09:00

57% of Canadian employers planning return to office by early 2022: survey

A majority (57 per cent) of employees said their employers plan on having staff return to the office or physical workplace within the next six…

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

Willis Towers Watson selling Willis Re to Gallagher for US$3.25BN

Willis Towers Watson is selling its global reinsurance business, Willis Re, to Arthur J. Gallagher & Co. for US$3.25 billion. The transaction is set to…

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

Trudeau mandating coronavirus vaccinations for federal employees

Ottawa will require federal employees and workers in federally regulated industries to be vaccinated against the coronavirus, marking a shift in the federal government’s position…

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Ontario Medical Association introducing new pension annuity offering

The Ontario Medical Association is helping its members save for retirement with a new guaranteed lifetime income annuity. Kayte Fredrickson, vice-president of insurance for the…

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FSRA seeking input on draft guidance for communication of pension enforcement actions

The Financial Services Regulatory Authority of Ontario is seeking feedback on proposed guidance detailing how and when it publishes information about enforcement proceedings and investigations,…

  • By: Staff
  • August 13, 2021 August 12, 2021
  • 09:05
Editorial

Editorial: Pandemic just the latest challenge facing retirement readiness

Last year, Benefits Canada hosted its 2020 CAP Member Survey webinar just a few weeks after the World Health Organization declared the global coronavirus pandemic.…

Head to head: Should private drug plans require biosimilar non-medical switching?

While one side highlights how plan sponsors can contribute to biosimilar sustainability, the other touts the benefits to patients and the health-care system. Durhane Wong-Rieger,…

L’Oréal Canada using onsite daycare to support working parents, essential staff

Mélanie Perreault knows firsthand how hard it can be for employees to juggle raising children while simultaneously building a career. The onsite daycare at L’Oréal…

More standards required for pension funds using ESG data, indices and scores

Michel Charron has had a front-row seat for the revolution in the Canadian investment industry’s approach to environmental, social and governance issues. Following the foundation…

CAAT leverages risk management to outperform in 2020

At the end of 2020, a year of exceptionally volatile and unpredictable markets due to the coronavirus pandemic, the Colleges of Applied Arts and Technology…

Are retail investment trends impacting institutional investors?

From the rise of cryptocurrency DogeCoin and non-fungible tokens to Reddit members beating hedge fund managers at their own game, 2021 has been an eventful…

Tips for offering wellness days that work for all employees

Telus Communications Inc. recognizes that all employees manage their health and well-being in different ways, so it allows staff to choose how they use the…

Q&A with Schneider Electric’s Thierry Miras

Thierry Miras, Schneider Electric’s vice-president of human resources in Canada, discusses embracing workplace inclusivity, flexible working and the Toronto Raptors. Q. What top challenges do…

Employee experience, well-being top priority during pandemic: survey

The vast majority (95 per cent) of Canadian employers said enhancing the employee experience is a top priority, compared to just 61 per cent that…

  • By: Staff
  • August 12, 2021 August 13, 2021
  • 15:00

Ontario Teachers’ selling plastics company, Caisse investing in Dutch real estate

The Ontario Teachers’ Pension Plan is selling Aurora Plastics, an Ohio-based plastics manufacturer, alongside its co-owner, Chicago-based private equity firm Wild Point Partners. The pension…

  • By: Staff
  • August 12, 2021 August 12, 2021
  • 12:36

IMCO appointing Rossitsa Stoyanova as CIO

The Investment Management Corp. of Ontario is naming Rossitsa Stoyanova as its next chief investment officer. The announcement comes just weeks before the organization’s current…

  • By: Staff
  • August 12, 2021 August 12, 2021
  • 12:00