Latest news in Benefits Canada News

Aon promoting Federico Cervantes, Erwan Pirou to global partners

Aon promoting Federico Cervantes, Erwan Pirou to global partners

Aon is promoting Federico Cervantes and Erwan Pirou to global partners of the firm. Cervantes joined Aon in 2018 as associate partner and head of…

  • By: Staff
  • September 2, 2020 November 11, 2020
  • 15:15
Canada Life introducing RESP to group benefits plans

Canada Life introducing RESP to group benefits plans

Canada Life Assurance Co. is introducing a self-directed registered education savings plan to help employers support their employees’ varying financial priorities. Employers can add the…

  • By: Staff
  • September 2, 2020 February 23, 2021
  • 08:30
Survey shows strong support for flexible, remote working post-coronavirus

Survey shows strong support for flexible, remote working post-coronavirus

Nearly half (45 per cent) of working Canadians said they’d prefer to work remotely at least three days a week, while more than a quarter…

  • By: Staff
  • September 2, 2020 November 12, 2020
  • 08:15
BCI investing in Indian telecommunications, CPPIB in Brazilian real estate

BCI investing in Indian telecommunications, CPPIB in Brazilian real estate

The British Columbia Investment Management Corp. is investing in an Indian telecommunications tower company alongside Brookfield Infrastructure Partners and its institutional partners. The transaction totals an equity commitment of…

  • By: Staff
  • September 1, 2020 November 11, 2020
  • 15:00
OSFI lifting freeze on DB pension portability transfers, annuity purchases

OSFI lifting freeze on DB pension portability transfers, annuity purchases

The Office of the Superintendent of Financial Institutions is lifting the temporary freeze on portability transfers for private pension plans. The move reverses the OSFI’s response in…

  • By: Staff
  • September 1, 2020 November 30, 2020
  • 09:00
New Uber contract could have chilling effect on class action, says lawyer

New Uber contract could have chilling effect on class action, says lawyer

Uber Technologies Inc. is trying to keep its Canadian drivers from joining or starting class-action lawsuits against the company — a move that threatens to…

Majority of global public investors focused on ESG policies: report

Majority of global public investors focused on ESG policies: report

More than 90 per cent of global public investors have specific environmental, social and governance investment policies in place or are in the process of…

  • By: Staff
  • August 31, 2020 November 12, 2020
  • 15:15
Canadian model offers lessons for U.S. public pensions: report

Canadian model offers lessons for U.S. public pensions: report

In the wake of the pandemic-related market volatility that battered already challenged public sector defined benefit plans in the U.S., a recent paper by New…

Is it time to view natural capital as a stand-alone asset class?

Is it time to view natural capital as a stand-alone asset class?

The world’s natural resources that help sustain life on earth are making their debut as a distinct asset class with the introduction of a new joint venture…

Which companies are finalists in the 2020 Workplace Benefits Awards?

Benefits Canada is proud to announce the finalists of the 2020 Workplace Benefits Awards. While this year’s entry and judging process occurred during the coronavirus pandemic, almost 100 leading employers…

  • By: Staff
  • August 31, 2020 November 30, 2020
  • 09:00
Foodora parent company to pay $3.46-million to Canadian couriers

Foodora parent company to pay $3.46-million to Canadian couriers

More than 2,000 former Foodora Canada couriers will receive compensation for losing their contracts when the food delivery service abruptly exited the Canadian market in…

  • By: Staff
  • August 28, 2020 November 12, 2020
  • 15:00
U.S. push to further regulate ESG products in CAPs could hurt members

U.S. push to further regulate ESG products in CAPs could hurt members

The U.S. Department of Labor is taking jabs at the inclusion of environmental, social and governance products in capital accumulation plans — and it could…

  • By: Staff
  • August 28, 2020 November 30, 2020
  • 09:00

Shareholders approve Aon, Willis Towers Watson merger

Aon and Willis Towers Watson’s proposed merger has received approval by their respective shareholders. The merger, announced in March, remains subject to customary regulatory and…

  • By: Staff
  • August 28, 2020 May 13, 2021
  • 08:45
Employees must accumulate 10.9 times final pay to maintain income in retirement: report

Employees must accumulate 10.9 times final pay to maintain income in retirement: report

The average Canadian employee will have to accumulate 10.9 times their final pay to maintain the same spendable income once they retire, according to a…

  • By: Staff
  • August 28, 2020 November 12, 2020
  • 08:42
Feds seeking applications for social security tribunal

Feds seeking applications for social security tribunal

The federal government is seeking applications to appoint new full- and part-time members to its social security tribunal, the arm’s length entity responsible for decisions…

  • By: Staff
  • August 28, 2020 November 30, 2020
  • 08:41

Plan Sponsor Week: Globally mobile workers need extra help dealing with pandemic stress

Globally mobile employees may be feeling more discouragement, burnout and stress during the coronavirus pandemic compared to their domestic peers. Indeed, outside of the crisis,…

Plan Sponsor Week: Using analytics to monitor non-adherence, disease states

Plan Sponsor Week: Using analytics to monitor non-adherence, disease states

Plan sponsors have to move beyond benefits plan reporting and dig into analytics to better understand medication non-adherence and the top disease states affecting their workforces. “Leveraging plan-specific…

Plan Sponsor Week: How Scotiabank is supporting staff during coronavirus

With almost 100,000 employees in 30 countries, Scotiabank’s approach to global benefits provision is more about aligning philosophy or guiding principles than it is around…

Plan Sponsor Week: Mental-health support starts with understanding barriers

While the vast majority of Canadians say the coronavirus pandemic is impacting their mental health, just 60 per cent are receiving the treatment or social support…

What tools can employers use to address employees’ sleep concerns?

Plan Sponsor Week: Sleep-specific CBT valuable add to benefits plans

Plan members living with insomnia or sleep problems could benefit from sleep-specific cognitive behavioural therapy programs accessible through their benefits plans. “One of the key…

Plan Sponsor Week: How WSP Canada turned benefits wish list into reality

Before its benefits redesign, WSP Canada Inc. had a simple but effective idea: when you hear a good idea, write it down. “On an ongoing…

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Mohawk College Foundation joins CAAT’s DBplus

The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which…

  • By: Staff
  • August 27, 2020 December 6, 2020
  • 09:17
Loyalist College janitors’ new contract includes pension, sick days

Loyalist College janitors’ new contract includes pension, sick days

Janitors working at Loyalist College in Belleville, Ont. have a new ratified contract that includes a pension plan, sick days and a wage increase. The employees,…

  • By: Staff
  • August 27, 2020 November 30, 2020
  • 09:00
Mohawk College Foundation moving group RRSPs into DB pension

Mohawk College Foundation moving group RRSPs into DB pension

The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which…

  • By: Staff
  • August 27, 2020 November 30, 2020
  • 08:45
Mark Carney to head ESG, impact investing at Brookfield

Mark Carney to head ESG, impact investing at Brookfield

Brookfield Asset Management Inc. is appointing Mark Carney as vice-chair and head of environmental, social and governance and impact fund investing. Carney is currently the United Nations’ special envoy…