Latest news in Benefits Canada News

Largest Canadian pensions should maintain Fitch ratings through crisis: report

Largest Canadian pensions should maintain Fitch ratings through crisis: report

Canada’s 11 largest pension funds should be able to maintain their current credit ratings through ongoing market turmoil, according to Fitch Ratings Inc. Nevertheless, return…

  • By: Staff
  • July 10, 2020 November 12, 2020
  • 15:00
Prescription for mental-health drugs on the rise during pandemic: analysis

Prescription for mental-health drugs on the rise during pandemic: analysis

The coronavirus pandemic has prompted a spike in the use of prescription medication for mental-health concerns, according to an analysis by Express Scripts Canada. The…

  • By: Staff
  • July 10, 2020 November 12, 2020
  • 09:15
Is it time for pension plan sponsors to revisit risk tolerance?

Is it time for pension plan sponsors to revisit risk tolerance?

The coronavirus crisis may be a signal for some pension plan sponsors that it’s time to revisit their appetite for risk. A typical asset-liability study…

What’s keeping ESG rankings so convoluted?

What’s keeping ESG rankings so convoluted?

With its recent acquisition of environmental, social and governance data analytics provider Sustainalytics, Morningstar Inc. is taking aim at the disparate ESG disclosure requirements still hampering…

  • By: Staff
  • July 10, 2020 November 12, 2020
  • 09:00
Canadians prioritizing emergency savings over retirement, other long-term goals: survey

Canadians prioritizing emergency savings over retirement, other long-term goals: survey

Among Canadians with a retirement plan, 77 per cent said they’re confident they’ll have enough money to last the rest of their lives, compared to…

  • By: Staff
  • July 9, 2020 November 12, 2020
  • 15:15
Pension veteran Sandra Nuttall remembered by colleagues

Pension veteran Sandra Nuttall remembered by colleagues

Sandra Nuttall, who spent her career in the pension industry, passed away on July 5 due to complications from dementia. Before she retired in 2011,…

  • By: Staff
  • July 9, 2020 November 12, 2020
  • 15:00
Mental-health conditions, specialty meds driving drug plan cost increases in 2019: report

Mental-health conditions, specialty meds driving drug plan cost increases in 2019: report

Private drug plans saw the largest yearly increase in their average eligible costs in 2019, according to Telus Health’s annual drug trends report. The report attributed…

  • By: Staff
  • July 9, 2020 November 12, 2020
  • 10:00
PIAC calling for changes to PfAD calculation, solvency reserve accounts in N.S.

PIAC calling for changes to PfAD calculation, solvency reserve accounts in N.S.

While the Pension Investment Association of Canada strongly supports Nova Scotia’s recent pension funding changes, it’s calling on the provincial government to tweak the provision for…

  • By: Staff
  • July 9, 2020 November 30, 2020
  • 08:45
Ontario Teachers’ lowered portfolio carbon footprint by 15% in 2019: report

Ontario Teachers’ lowered portfolio carbon footprint by 15% in 2019: report

The Ontario Teachers’ Pension Plan’s 2019 climate change report contains its first-ever, independently assured portfolio carbon footprint. Even as the plan’s assets grew in 2019,…

  • By: Staff
  • July 8, 2020 November 12, 2020
  • 15:00
JTI launching global equal family leave policy

JTI launching global equal family leave policy

Japan Tobacco International is launching a global equal family leave policy for all of its employees. The new global strategy, which goes beyond the national…

  • By: Staff
  • July 8, 2020 November 12, 2020
  • 15:00
Plan members increasingly open to pharmacogenetics, virtual care

Plan members increasingly open to pharmacogenetics, virtual care

Virtual-care options are gaining ground, according to the 2020 Sanofi Canada health-care survey. Looking at a scenario where plan members would receive health-care services through…

  • By: Staff
  • July 8, 2020 November 12, 2020
  • 09:00
Mawer shakes up equity strategies management team

Mawer shakes up equity strategies management team

Jim Hall is stepping down as co-manager of Mawer Investment Management Ltd.’s Canadian and global equity strategies to focus his full attention on his responsibilities…

  • By: Staff
  • July 7, 2020 November 12, 2020
  • 15:30
Sun Life launching ESG framework for pension plan sponsors

Sun Life launching ESG framework for pension plan sponsors

Sun Life Canada is launching an environmental, social and governance framework for its group retirement services to help pension plan sponsors and members make sustainable…

  • By: Staff
  • July 7, 2020 November 30, 2020
  • 15:15
Fujitsu introducing permanent remote working policy for 80,000 global staff

Fujitsu introducing permanent remote working policy for 80,000 global staff

Fujitsu Ltd. is introducing permanent remote working for 80,000 global employees in a bid to boost innovation and work-life balance. The Japanese multinational’s campaign, which…

  • By: Staff
  • July 7, 2020 November 12, 2020
  • 15:00
If private equity doesn’t perform, is it worth institutional investors’ trouble?

If private equity doesn’t perform, is it worth institutional investors’ trouble?

As private equity investments become all the more commonplace in pension fund portfolios, is the asset class really worth it? According to a paper by Ludovic…

  • By: Staff
  • July 7, 2020 November 12, 2020
  • 09:15
Just 22% of health benefits plan sponsors regularly receive claims data: Sanofi survey

Just 22% of health benefits plan sponsors regularly receive claims data: Sanofi survey

Two-thirds (65 per cent) of plans sponsors said they have a specific objective for their health benefits plan for the upcoming year, compared to 56 per…

  • By: Staff
  • July 7, 2020 November 12, 2020
  • 09:00
Canadians’ mental health remains low even as country reopens from coronavirus lockdown

Canadians’ mental health remains low even as country reopens from coronavirus lockdown

Even as Canada begins to reopen from coronavirus lockdown, uncertainty remains high and Canadians need employer mental-health supports more than ever. According to Morneau Shepell…

  • By: Staff
  • July 6, 2020 November 12, 2020
  • 15:30
BCI and partners establish responsible investing platform

BCI and partners establish responsible investing platform

The British Columbia Investment Management Corp., the AustralianSuper and two Dutch pension funds — APG and PGGM — are jointly establishing a responsible investing platform.…

  • By: Staff
  • July 6, 2020 November 11, 2020
  • 15:15
Feds announce new temporary relief measures for pension plan sponsors

Feds announce new temporary relief measures for pension plan sponsors

New draft regulations from the federal government would allow registered pension plans to borrow money and extend the deadline to retroactively credit pensionable service under a…

  • By: Staff
  • July 6, 2020 November 30, 2020
  • 09:30

University of Ottawa support staff reject ‘final offer’ including cuts to certain benefits

The bargaining unit representing University of Ottawa support staff has voted down a so-called final offer from the university by 80 per cent. The unit, which…

Plan sponsors worried about drug, dental plan sustainability: Sanofi survey

Most (79 per cent) plan sponsors said they have at least one major concern about their health benefits plan, with this increasing to 89 per…

  • By: Staff
  • July 6, 2020 November 23, 2020
  • 09:00
EMPEA appointing CPPIB’s Suyi Kim to board of directors

EMPEA appointing CPPIB’s Suyi Kim to board of directors

The Emerging Markets Private Equity Association is appointing Suyi Kim, head of Asia Pacific at the Canada Pension Plan Investment Board, to its board of…

  • By: Staff
  • July 3, 2020 November 12, 2020
  • 15:00
Ontario appeal court ruling marks substantial shift in enforcement of termination clauses

Ontario appeal court ruling marks substantial shift in enforcement of termination clauses

The Ontario Court of Appeal has ruled that where one provision of a termination clause doesn’t meet minimum statutory requirements, it renders the entire clause…

Webinar: Expanding access to high-quality health care with telemedicine

Health and productivity is affected by a lack of access to care, according to Dr. Hanif Jamal, Canadian medical director at Teledoc Health, during a webinar…

Plan sponsors, members want more benefits plan support for chronic conditions: survey

Employers are increasingly interested in seeing more support for chronic disease and chronic pain management in their benefits plans, according to the 2020 Sanofi Canada health-care…

  • By: Staff
  • July 3, 2020 November 23, 2020
  • 08:45