Latest news in Benefits Canada News

Weight management drug claims up 90.6% in 2024: report

Weight management medications emerged as the fastest growing drug category in 2024, with claims for these drugs surging by 90.6 per cent since 2023, according…

  • By: Staff
  • May 6, 2025 May 2, 2025
  • 09:00
Copyright_coramax_123RF

Expert panel: Unmasking mental-health challenges in the workplace

The theme of this year’s Mental Health Week — Unmasking Mental Health — is a reminder that many people in the workplace feel pressured to…

Copyright_jakkapan_123RF

N.S. Teachers’ Pension Plan’s assets increase to $6.17BN

The Nova Scotia Teachers’ Pension Plan is reporting a one-year investment return of 9.76 per cent, according to its annual report. At the end of…

  • By: Staff
  • May 5, 2025 May 5, 2025
  • 15:00
Copyright_boon8studio_123RF

How employers can support psychological safety amid geopolitical instability

Amid ongoing geopolitical tension, the U.S. trade war and the rising cost of living, it’s important for employers to provide a psychological safe workplace, says…

Copyright_millenius_123RF

Alberta’s Smith says she doesn’t see “an appetite” for provincial pension plan

The idea of Alberta opting out of the Canada Pension Plan isn’t moving ahead — at least for now. Premier Danielle Smith says she won’t…

Editorial: The more things change, the more they stay the same

For most of the decade since I joined Benefits Canada, it feels like the pension industry has been moving at a snail’s pace. Don’t get…

Majority of Canadian employers using generative AI to screen candidates: survey

More than half of Canadian employers say they use generative artificial intelligence to screen candidates and review résumés, citing improved customer service (55 per cent),…

  • By: Staff
  • May 2, 2025 May 1, 2025
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on how Canada’s federal election could impact employees’ retirement savings was the most-read story on BenefitsCanada.com this past week. Here are the top…

  • By: Staff
  • May 2, 2025 May 1, 2025
  • 09:00

Head to head: Are there underlying risks in using AI and machine learning in pension administration and governance?

The benefits of artificial intelligence go hand in hand with the many risks, but the pension industry’s requirements around fiduciary responsibility and governance, as well…

How UBC’s internal awards impact employee recognition and well-being

Awarding employees in a genuine manner for their accomplishments at work and in the community can go a long way to support employee recognition and…

2025 Group Benefits Providers Report: A look at the different benefits plan models available to Canadian employers

While many benefits plan sponsors have traditionally considered moving their plan from an insured arrangement to an administrative-services only model upon reaching a certain threshold…

Emerging markets regions building resiliency amid geopolitical shifts, tariff woes

With a second Donald Trump presidency unleashing global uncertainty, emerging markets nations are forging new alliances and building a foundation for sustainable long-term growth. Indeed,…

Building a hands-on investment approach at the Nova Scotia Pension Services Corp.

In an increasingly uncertain investment landscape, the Nova Scotia Pension Services Corp. is aiming to become more hands-on with its investment implementation. “Each asset class…

Q&A with 1Password’s Katya Laviolette

The software company’s chief people officer discusses family-building benefits, managing a fully remote workforce and quiet days with her four rescue animals. Q: What new…

OPB earns high marks in sustainability investment assessment review: report

The Ontario Pension Board scored at or above the median for the Principles for Responsible Investment Reporting Framework assessment tool, according to its latest sustainability…

  • By: Staff
  • May 1, 2025 May 2, 2025
  • 15:00
Copyright_danielt1994_123RF

OPP recruits suing OMERS, OPB over pension transfers

A group of former municipal police officers who were recruited by the Ontario Provincial Police have launched multi-million-dollar lawsuits against the Ontario Municipal Employees Retirement…

Report finds 60% of institutional investors adjusted portfolios in 2024 due to interest rate changes

Six in 10 (60 per cent) global institutional investors say interest rate changes were the No. 1 factor behind portfolio adjustments in 2024, according to…

  • By: Staff
  • May 1, 2025 April 30, 2025
  • 11:00

Claims for fertility drugs up nearly 15% among female plan members in 2024: report

The percentage of female benefits plan members using fertility drugs rose by roughly 14.57 per cent in 2024, according to a new report by Manulife…

  • By: Staff
  • May 1, 2025 April 30, 2025
  • 09:00

CSSB appointing Wendy Berman as chair

The Canadian Sustainability Standards Board is appointing Wendy Berman as chair, effective May 5. Berman is a former vice-chair of the Ontario Securities Commission and,…

  • By: Staff
  • April 30, 2025 April 28, 2025
  • 15:00
Copyright_ducdao_123RF

RBC scraps sustainable finance commitment, holds back on disclosures

Canada’s largest bank said Tuesday that it has scrapped one of its flagship climate commitments and is holding back on publicizing other climate progress in…

Copyright_thodonal_123RF

Market turmoil has many afraid to check retirement savings

Michael Montgomery used to check the balance on his retirement account once a week and smile. But lately, not wanting to get upset and question…

Copyright_sinenkiy_123RF

Trump tariffs impacting CAP member outcomes in 2025: report

After reaching new highs at the end of 2024, capital accumulation plan member outcomes have seen significant impacts following the inauguration of U.S. President Donald…

  • By: Staff
  • April 30, 2025 April 29, 2025
  • 09:00

Are Canadian institutional investors still considering lithium-ion battery investments?

Doubts about the demand for electric vehicles in the U.S. is creating new questions around the development of the Canadian lithium-ion battery industry, says Jon…

How the coronavirus pandemic shifted employees’ retirement planning strategies

A global shutdown caused by the coronavirus pandemic gave Canadians an increase of unanticipated savings that led to a short period of stronger retirement savings…

130136874-123rf

Public equities account for 42% of global asset owners’ portfolios: report

Public equities account for, on average, 42 per cent of asset owners’ portfolios, according to a new report by Northern Trust Corp. The report, based…

  • By: Staff
  • April 28, 2025 April 25, 2025
  • 15:00