Latest news in Benefits Canada News

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

Caisse, CPPIB not addressing scale of climate crisis in investments: think tank

The Caisse de Dépôt et Placement du Québec and the Canadian Pension Plan Investment Board’s investments “do not reflect the action needed to address the scale…

18045459-123rf

Bank of Canada minting hybrid work model post-pandemic

The Bank of Canada is adopting a hybrid work model when employees return to the office once the coronavirus pandemic recedes. The majority of the…

Copyright_ smontgom65_123RF

Border agency employees ending strike after retirement, paid leave wins

The union president for the Canadian Border Services Agency employees is “relieved” after reaching a new tentative agreement that includes retirement benefits and new paid…

Market expansion a priority for DC pension consultants: survey

Market expansion in 2021 is a priority among Canada’s defined contribution pension consultants, according to a new survey by PIMCO Canada. The inaugural survey, conducted…

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

Carebook acquiring corporate wellness platform CoreHealth

Carebook Technologies Inc., a Montreal-based digital health and virtual care solutions provider, is acquiring CoreHealth Technologies Inc., a Kelowna, B.C.-based global corporate wellness platform, for $9 million on…

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

OPTrust naming Ingrid Chingcuanco as VP of pension administration transformation

The OPSEU Pension Trust is appointing Ingrid Chingcuanco as its vice-president of pension administration transformation. In the new role, she’ll be responsible for leading the…

  • By: Staff
  • August 10, 2021 August 10, 2021
  • 13:30

IMCO investing in British low-carbon energy provider, PSP in disruptive tech fund

The Investment Management Corp. of Ontario is acquiring a British power provider that specializes in the use of low-carbon technologies. Green Frog Power Ltd., which…

  • By: Staff
  • August 10, 2021 August 9, 2021
  • 09:00
Copyright_scyther5_123RF

How to encourage vaccine hesitant employees to get the shot

With coronavirus vaccinations playing a key role in shaping the post-coronavirus pandemic workplace, employers can help employees overcome vaccine hesitancy through a variety of measures,…

Copyright_ spirer_123RF

CLHIA calling for increased access to VPLAs, prescription drugs

The Canadian Life and Health Insurance Association is calling on the federal government to permit standalone variable payment life annuities to pool participants from all…

  • By: Staff
  • August 9, 2021 August 9, 2021
  • 15:00
How will Boris Johnson as PM affect institutional investors?

British PM calling on domestic institutional investors to be more like Canadian pension funds

In an open letter, British Prime Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak are calling on the U.K.’s institutional investors to follow the…

  • By: Staff
  • August 9, 2021 August 9, 2021
  • 15:00

Vale mine workers ending strike after winning pension, benefits increases

The first strike at Vale Canada in more than a decade is drawing to a close after unionized workers at the Sudbury, Ont., mine ratified a collective…

Trudeau considering mandating coronavirus vaccines for federal employees

Prime Minister Justin Trudeau says he’s considering making coronavirus vaccinations mandatory for some federally regulated workplaces in a bid to boost Canada’s vaccination levels. He’s asked…

SAP Canada phasing in return to office, focusing on flexibility

When SAP Canada’s offices fully reopen, it will adopt a flexible work model, as well as guidelines that aim to define what hybrid work means in…

Copyright_Vadym Malyshevskyi_123RF

George Hull Centre joining CAAT’s DBplus pension

The George Hull Centre for Children & Families is joining the Colleges of Applied Arts and Technology’s DBplus pension plan. The Toronto-based non-profit organization previously…

  • By: Staff
  • August 5, 2021 August 5, 2021
  • 15:00

Ontario Teachers’ appointing Sharon Chilcott as inaugural chief of staff

The Ontario Teachers’ Pension Plan is appointing Sharon Chilcott as its inaugural chief of staff. Chilcott, who now serves as a managing director and associate…

  • By: Staff
  • August 5, 2021 August 4, 2021
  • 11:00
Copyright_Wittaya Doktanyong_123RF

Sounding Board: Tips for evaluating a target-date fund

Since target-date funds were introduced to the Canadian market in the early 2000s, they’ve become the dominant investment choice for defined contribution pension plan members.…

CIA updating guidance for pension windup, solvency valuations

The Canadian Institute of Actuaries is updating its process for releasing guidance regarding assumptions for hypothetical pension windup and solvency valuations. For quarterly guidance relating…

  • By: Staff
  • August 5, 2021 August 5, 2021
  • 09:00

Bumble rolls out paid leave for global employees

Bumble Inc. is introducing paid leave and a biannual company-wide week off for its global employees. The dating app, which has offices in Russia, Spain,…

  • By: Staff
  • August 4, 2021 August 4, 2021
  • 15:00

Ontario DB pension plan average funded ratio reaches 106%: report

More than two-thirds (69 per cent) of registered defined benefit pensions plans in Ontario have solvency ratios above 100 per cent, according to the Financial…

  • By: Staff
  • August 4, 2021 August 5, 2021
  • 12:00

BCI sells blinds company, Caisse joins education tech funding round, PSP invests in London office space

The British Columbia Investment Management Corp. is selling its interest in a window covering company. The BCI and its co-owner AEA Investors Ltd. signed a definitive…

  • By: Staff
  • August 4, 2021 August 5, 2021
  • 12:00

iA Financial Group introducing flexible approach to return to work

iA Financial Group is introducing a flexible, choice-based approach to bringing its employees back to the office post-coronavirus pandemic. The approach, which combines both remote…

  • By: Staff
  • August 4, 2021 August 3, 2021
  • 09:00
Copyright_ warongdech_123RF

CAPSA developing multi-jurisdictional VPLA framework for DC pension plans

The Canadian Association of Pension Supervisory Authorities is developing a framework for defined contribution pension plans to offer variable payment life annuities. In developing the…

  • By: Staff
  • August 4, 2021 August 3, 2021
  • 09:00

OMERS invests in European medical infrastructure, hydrogen power, CPPIB in Latin American logistics fund

The Ontario Municipal Employees Retirement System is a part owner of a European medical diagnostics supply business. The OMERS has acquired 37.5 per cent of…

  • By: Staff
  • August 3, 2021 August 3, 2021
  • 13:00
Copyright_rawpixel_123RF

Canada’s pension plan sponsors prioritizing governance, but more work to be done: survey

While the majority of Canadian pension and retirement savings plan sponsors view governance as a top priority, 24 per cent said they haven’t conducted a…