Latest news in Benefits Canada News

Atlantic Canada’s Luedey Consultants, Toronto-based Sterling Capital merging

Atlantic Canada’s Luedey Consultants, Toronto-based Sterling Capital merging

Halifax-based Luedey Consultants Inc., a boutique benefits consulting firm, is merging with Sterling Capital Brokers Ltd., an independent benefit consulting firm specializing in servicing high-growth,…

  • By: Staff
  • February 2, 2021 February 2, 2021
  • 09:00
Canada’s DB pension plans post 9.2% return in 2020

Canada’s DB pension plans post 9.2% return in 2020

Despite market uncertainty due to the coronavirus pandemic and a turbulent U.S. presidential election cycle, Canadian defined benefit pension plans ended the year with near…

  • By: Staff
  • February 1, 2021 July 29, 2021
  • 15:00
PSP investing in real estate, Caisse in accessibility aids

PSP investing in real estate, Caisse in accessibility aids

The Public Sector Pension Investment Board is entering a $700-million joint venture investing in single-family rentals in the U.S. The new venture with Pretium Partners…

  • By: Staff
  • February 1, 2021 February 16, 2021
  • 09:00
Alberta Teachers’ Association set to legally challenge pension order

Alberta Teachers’ Association set to legally challenge pension order

The Alberta Teachers’ Association says it’s taking legal action against a ministerial order enacted on several pension plans in the province in late December. In…

  • By: Staff
  • January 29, 2021 April 14, 2021
  • 15:00
FSRA establishing committee to advise on pension plan regulatory processes

FSRA establishing committee to advise on pension plan regulatory processes

The Financial Services Regulatory Authority of Ontario is establishing a technical advisory committee to provide insights on the province’s existing regulatory processes for employer-based pension plans. The…

  • By: Staff
  • January 29, 2021 April 14, 2021
  • 15:00
Plan sponsors, pension plans taking lessons from 2020 to decade ahead

Plan sponsors, pension plans taking lessons from 2020 to decade ahead

Following an unprecedented 2020, Canada’s plan sponsors and pension plans are incorporating the lessons of the last year as they prepare for a new decade,…

Green Shield Canada partnering with SmileDirectClub on virtual dental care

Green Shield Canada partnering with SmileDirectClub on virtual dental care

Green Shield Canada is teaming up with SmileDirectClub Inc. to deliver in-network coverage of virtual orthodontic care to its dental-plan members. “We continue to be…

  • By: Staff
  • January 28, 2021 April 14, 2021
  • 15:00

Employee off-hours conduct during coronavirus pandemic leading to dismissals

One year ago, hosting a pizza party with co-workers or showing up to work with stomach-bug symptoms were unthinkable in terms of fireable offences. But…

Mercer Canada appoints Geoffrey Melbourne, Neil Lloyd to wealth group leadership roles

Mercer Canada appoints Geoffrey Melbourne, Neil Lloyd to wealth group leadership roles

Mercer Canada is appointing Geoffrey Melbourne as partner and wealth Canada growth leader and Neil Lloyd as Western Canada wealth leader. Melbourne (pictured left) has…

  • By: Staff
  • January 28, 2021 April 14, 2021
  • 09:00
Eligibility affecting caseloads in provincial disability benefits programs: report

Eligibility affecting caseloads in provincial disability benefits programs: report

Data collected over the last decade suggests that differing eligibility requirements for provincial disability benefits programs affected caseloads in the provinces that offer them, according…

  • By: Staff
  • January 28, 2021 April 14, 2021
  • 09:00
25% of Canadians cutting back savings, RSPs amid pandemic

25% of Canadians cutting back savings, RSPs amid pandemic

Since the World Health Organization declared a global pandemic almost 11 months ago, the resulting economic uncertainty as the coronavirus crisis drags on has resulted…

  • By: Staff
  • January 28, 2021 April 14, 2021
  • 09:00
New York City pension funds divesting $4B from fossil fuels

New York City pension funds divesting $4BN from fossil fuels

Two pension funds for New York City workers are pulling an estimated US$4 billion in investments from fossil-fuel companies in order to promote clean-energy use.…

Canada’s DB pension plans post 5% return in Q4, close 2020 with 10% gain

Canada’s DB pension plans post 5% return in Q4, close 2020 with 10% gain

Canada’s defined benefit pension plans posted a median return of five per cent during the fourth quarter of 2020 and closed a volatile year with…

  • By: Staff
  • January 27, 2021 April 14, 2021
  • 09:00
22% of Canadian employers would adjust pay of remote staff who move: survey

22% of Canadian employers would adjust pay of remote staff who move: survey

More than one-fifth (22 per cent) of Canadian companies say they’ll adjust the pay of remote workers who move to a different location, according to…

OMERS’ portfolio company acquiring solar energy development platform

A portfolio company of the Ontario Municipal Employees Retirement System’s infrastructure arm is entering a purchase agreement to acquire a 10-gigawatt solar project development platform.…

  • By: Staff
  • January 26, 2021 April 14, 2021
  • 15:00

Some Canadian companies pledging to let employees get vaccinations during work hours

Canadian businesses are grappling with how they’ll handle the vaccination of staff, and for some that means allowing workers to get the shot on company…

32% of Canadians delaying retirement due to coronavirus pandemic: survey

32% of Canadians delaying retirement due to coronavirus pandemic: survey

While the rollout of vaccines has the world cautiously optimistic about an economic recovery, a Scotiabank survey shows the coronavirus pandemic has Canadians concerned about their retirement…

  • By: Staff
  • January 25, 2021 April 14, 2021
  • 09:00
Ontario Teachers’ committing to net-zero emissions by 2050

Ontario Teachers’ committing to net-zero emissions by 2050

The Ontario Teachers’ Pension Plan is committing to achieving net-zero greenhouse gas emissions by 2050. The commitment includes the establishment of concrete targets for portfolio…

  • By: Staff
  • January 22, 2021 April 14, 2021
  • 15:00
ESG influencing company strategy, increasing oil market vulnerability: reports

ESG influencing company strategy, increasing oil market vulnerability: reports

Environmental, social and governance factors are continuing to influence company strategy, financing and operating environments in 2021, according to a new report by Fitch Ratings…

  • By: Staff
  • January 22, 2021 April 14, 2021
  • 09:00

PIAC calling on feds to reform pension solvency rules, introduce VPLAs

The Pension Investment Association of Canada is calling on the federal government to reform pension solvency rules while supporting legislation to introduce solvency reserve accounts…

  • By: Staff
  • January 22, 2021 April 14, 2021
  • 09:00
Caisse-backed investment trust acquiring India highway

Caisse-backed investment trust acquiring India highway

The Caisse de dépôt et placement du Québec is investing in its first transportation project with the purchase of a 67-kilometre highway in India. The…

  • By: Staff
  • January 21, 2021 April 14, 2021
  • 15:00
Biden presidency accelerating shift toward sustainable investing

Biden presidency accelerating shift toward sustainable investing

TC Energy Corp. is suspending work on the Keystone XL pipeline as a growing movement to divest from fossil fuels gains momentum. Just hours after his…

Alberta’s public-sector pension plans reassuring members amid worry over ministerial order

Alberta’s public sector pension plans reassuring members amid worry over ministerial order

Alberta’s public sector pension plans are reassuring members their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was…

  • By: Staff
  • January 20, 2021 April 23, 2021
  • 15:00
CloudMD acquiring EAP provider, health-care navigation platform and a digital-health company

CloudMD acquiring EAP provider, health-care navigation platform and digital health company

CloudMD Software & Services Inc. is beefing up its offerings via the recent acquisitions of HumanaCare Organizational Resources Inc., Medical Confidence Inc. and Aspiria Corp.…

  • By: Staff
  • January 20, 2021 April 23, 2021
  • 09:00

Biden will bring market stability as sun sets on Trump era: investors

With President-elect Joe Biden officially becoming the 46th U.S. president today, institutional investors are preparing for a return to traditional governance and increased market stability.…