Latest news in Benefits Canada News

Stikeman Elliott appoints Mark Firman to tax, pensions and benefits groups

Stikeman Elliott appoints Mark Firman to tax, pensions and benefits groups

Stikeman Elliott LLP is appointing Mark Firman as counsel in its tax and pensions and benefits groups in Montreal. In his career, Firman has advised…

  • By: Staff
  • October 28, 2020 January 19, 2021
  • 15:00
SSQ wins wellness pioneer award for 15-year well-being focus

SSQ wins wellness pioneer award for 15-year well-being focus

Highlighting a long-standing commitment to the health of its employees, SSQ Life Insurance Co. was awarded the Sanofi Canada Wellness Pioneer Award at Benefits Canada‘s…

Canadian DB pension plans post 3.2% return in Q3: report

Canadian DB pension plans post 3.2% return in Q3: report

Canada’s defined benefit pension plans posted a 3.2 per cent return in 2020’s third quarter, a position augmented by strong global equity markets, according to…

  • By: Staff
  • October 27, 2020 January 19, 2021
  • 15:30
Canadians prioritizing financial wellness planning in pandemic economy: survey

Canadians prioritizing financial wellness planning in pandemic economy: survey

After nine months of uncertainty in the financial markets and with no end in sight to the coronavirus pandemic, more and more Canadian workers are…

  • By: Staff
  • October 27, 2020 October 27, 2020
  • 15:15

Scotiabank awarded for adapting benefits in face of coronavirus

Scotiabank secured its second win at Benefits Canada‘s 2020 Workplace Benefits Awards on Oct. 16 for adapting its existing benefits and introducing new resources to…

FSRA speeding up consent process for DB pension asset transfers

FSRA speeding up consent process for DB pension asset transfers

The Financial Services Regulatory Authority of Ontario is changing its process for consenting to asset transfers under the Pension Benefits Act, citing the province’s current…

  • By: Staff
  • October 27, 2020 January 19, 2021
  • 08:40
Telus Health launching mental-health app for frontline workers, first responders

Telus Health launching mental-health app for frontline workers, first responders

Telus Health is launching a mobile mental-health app for frontline workers, first responders and their families. The app, Espri, aims to provide confidential and ready access…

  • By: Staff
  • October 27, 2020 October 27, 2020
  • 08:30
CLHIA’s Ontario budget submission highlights drug access, inflexible pension plans

CLHIA’s Ontario budget submission highlights drug access, inflexible pension plans

In its 2020 budget submission to the Ontario government, the Canadian Life and Health Insurance Association is highlighting a lack of access to affordable prescription drugs and…

  • By: Staff
  • October 26, 2020 October 26, 2020
  • 15:15
McGill pension plan appointing new administrator

McGill pension plan appointing new administrator

The McGill University pension plan is appointing Sun Life Financial to provide administration services in collaboration with consultancy Normandin Beaudry. This is the second of the…

  • By: Staff
  • October 26, 2020 January 19, 2021
  • 15:00
Onus increasingly on employees to plan for retirement but employers still play role

Onus increasingly on employees to plan for retirement but employers still play role

While pension plan sponsors and the government have roles to play when it comes to retirement, it’s increasingly up to individual employees to ensure they…

TMX Group awarded for mobilizing to support staff well-being during coronavirus

TMX Group awarded for mobilizing to support staff well-being during coronavirus

With 95 per cent of employees working from home as of mid-March, TMX Group Ltd.’s wellness team quickly mobilized to create and implement a weekly…

Coronavirus pandemic affecting retirement plans, savings: survey

Coronavirus pandemic affecting retirement plans, savings: survey

Many Canadians are seeing the impact of the ongoing coronavirus pandemic on their retirement plans and ability to save, according to a new survey by…

  • By: Staff
  • October 23, 2020 October 23, 2020
  • 15:15
PMPRB publishes new guidelines on drug pricing in Canada

PMPRB publishes new guidelines on drug pricing in Canada

The Patented Medicine Prices Review Board published its new guidelines on Friday. The guidelines, which will take effect on Jan. 1, 2021, aim to modernize Canada’s pricing…

  • By: Staff
  • October 23, 2020 October 23, 2020
  • 15:15
Ericsson wins award for well-rounded health and wellness program

Ericsson wins award for well-rounded health and wellness program

At Benefits Canada‘s 2020 Workplace Benefits Awards on Oct. 16, Ericsson was recognized for its comprehensive health and wellness program that helps employees address their physical, mental and social…

What do historically low interest rates mean for DB pension de-risking?

What do historically low interest rates mean for DB pension de-risking?

When the coronavirus pandemic hit, many organizations were focused on getting through the short term, but defined benefit pension plan sponsors are starting to take…

  • By: Yaelle Gang
  • October 23, 2020 January 19, 2021
  • 08:45
Half of Canadian employees considering a new job: survey

Half of Canadian employees considering a new job: survey

While the majority of Canadian employers feel confident about the economy, 49 per cent of employees are seriously considering leaving their role, according to a…

  • By: Staff
  • October 22, 2020 October 22, 2020
  • 15:15
OPTrust invests in eco-friendly waste management solutions company

OPTrust invests in eco-friendly waste management solutions company

The OPSEU Pension Trust is investing in Environmental 360 Solutions Inc., an eco-friendly waste management solutions company headquartered in Napanee, Ont. Furthering its commitment to…

  • By: Staff
  • October 22, 2020 October 22, 2020
  • 13:00

Starbucks tying executive pay to diversity targets

Starbucks Corp. is aiming to tie its executive compensation to diversity targets beginning in 2021. The move is one of a series of initiatives the coffee…

Leadership-driven mental-health strategy nets award for Scotiabank

At Benefits Canada‘s 2020 Workplace Benefits Awards on Oct. 16, Scotiabank was recognized for a mental-health strategy that starts at the top of the organization and focuses…

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Supreme Court ruling in RCMP pension case may force plan design changes

Last week’s Supreme Court of Canada ruling that the Royal Canadian Mounted Police pension plan discriminated against job-sharing women should be a wake-up call to…

OTPP in private equity investments, Caisse encourages diversity with new fund

OTPP in private equity investments, Caisse encourages diversity with new fund

The Ontario Teachers’ Pension Plan is leading a new US$360 million equity investment in a Singapore-based data centre developer. Founded in 2017, Princeton Digital Group has…

  • By: Staff
  • October 21, 2020 October 21, 2020
  • 15:00
U.S. markets betting on Biden, investors preparing for energy sector impacts

U.S. markets betting on Biden, investors preparing for energy sector impacts

Despite the chance for a surprise Donald Trump victory in November’s U.S. presidential election, the country’s markets are locking in pricing on the assumption of…

  • By: Blake Wolfe
  • October 21, 2020 October 21, 2020
  • 09:15
Robust communications campaign leads to award for TMX Group

Robust communications campaign leads to award for TMX Group

TMX Group Ltd.’s robust communications campaign for its long-standing employee share purchase plan led to a win in the benefits plan communications category at Benefits Canada‘s 2020 Workplace Benefits…

Feds launching new online mental-health resources

Feds launching new online mental-health resources

This Mental Health Awareness Month, the federal government unveiled a series of initiatives to support the well-being of Canadian workers. The Ministry of Labour is partnering…

  • By: Staff
  • October 20, 2020 October 20, 2020
  • 15:15
Despite market uncertainty, Canada maintains No. 9 position in global retirement rankings

Despite market uncertainty, Canada maintains No. 9 position in global retirement rankings

Canada’s retirement income system scored ninth place for the second year in a row, securing a “B” rating in spite of uncertainty in the markets…

  • By: Staff
  • October 20, 2020 January 19, 2021
  • 15:00