Latest news in Benefits Canada News

DB pension plan funding recovers in Q2 after rough Q1: reports

DB pension plan funding recovers in Q2 after rough Q1: reports

In the second quarter of 2020, the funded positions of defined benefit plans recovered almost half of the losses incurred during the coronavirus crash of…

  • By: Staff
  • July 3, 2020 November 12, 2020
  • 08:30
PSP investing in Italian real estate, CPPIB in education group

PSP investing in Italian real estate, CPPIB in education group

The Public Sector Pension Investment Board is establishing a long-term strategic partnership with property and infrastructure firm Lendlease Corp. to develop an urban regeneration project in…

  • By: Staff
  • July 2, 2020 November 12, 2020
  • 15:00
Addressing racism as an employer must begin with listening

Addressing racism as an employer must begin with listening

Organizations all over the world are pledging their commitments to anti-Black racism as global protests over the police killings of George Floyd, Breonna Taylor and many others,…

Most U.S. DC plans aren’t pausing or reducing contributions during coronavirus: survey

Most U.S. DC plans aren’t pausing or reducing contributions during coronavirus: survey

The majority of U.S.-based defined contribution pension plan sponsors said they haven’t felt the need to pause or reduce contributions during the coronavirus pandemic, according…

  • By: Staff
  • July 2, 2020 November 26, 2020
  • 09:15

Plan sponsors want to send targeted health communications, but members still wary: survey

More than three-quarters (79 per cent) of plan sponsors said they’re interested in their benefits providers sending targeted communications to plan members, according to the 2020…

  • By: Staff
  • July 2, 2020 November 23, 2020
  • 09:00
Nova Scotia’s PSSP reports 98.5% funded status, halts indexing

Nova Scotia’s PSSP reports 98.5% funded status, halts indexing

Nova Scotia’s Public Service Superannuation Plan reported a 98.5 per cent funded status as of Dec. 31, 2019 and said it will halt cost-of-living adjustments for retirees for the…

  • By: Staff
  • July 2, 2020 November 30, 2020
  • 08:45

Supreme Court sides with Uber driver seeking better pay, benefits

The Supreme Court of Canada has cleared the way for Uber drivers to take the next step in their fight to be recognized as employees.…

Employers change up Pride celebrations amid coronavirus

Employers change up Pride celebrations amid coronavirus

Employers across Canada were forced to adjust their Pride celebrations in June as the coronavirus pandemic necessitated social distancing and most traditional parades and events were cancelled. “[The…

Benefits plan members, sponsors cite low levels of knowledge on pharmacare: survey

Benefits plan members, sponsors cite low levels of knowledge on pharmacare: survey

While 67 per cent of Canadian plan members described their level of knowledge about a possible national pharmacare program as low or medium, 27 per…

  • By: Staff
  • June 30, 2020 November 11, 2020
  • 09:15
U.K. public policy-makers urged to push for larger pensions to enhance infrastructure investment

U.K. public policy-makers urged to push for larger pensions to enhance infrastructure investment

A new report by a U.K.-based think tank is suggesting public policy should shift to allow pension plan investments to help bolster the country’s infrastructure needs.…

  • By: Staff
  • June 30, 2020 November 30, 2020
  • 08:45

Canadians reducing retirement savings due to coronavirus

More than a third (40 per cent) of pre-retirees have a negative outlook on their life in retirement, the highest rates of negative retirement perception…

  • By: Staff
  • June 29, 2020 February 2, 2022
  • 15:15
What factors are impacting Canadians’ mental health during pandemic?

What factors are impacting Canadians’ mental health during pandemic?

Employment status, income level and helpful coping strategies are key factors impacting how Canadians feel about their mental health, according to a new survey by the Mental…

  • By: Staff
  • June 29, 2020 November 12, 2020
  • 09:45
Majority of Canadians are prepared for retirement: report

Majority of Canadians are prepared for retirement: report

More than 80 per cent of Canadians aged 25 to 64 are prepared for retirement and the vast majority have a high probability of being…

  • By: Staff
  • June 29, 2020 November 30, 2020
  • 09:15
Half of Canadian plan members confident their benefits plan covers high-cost drugs: survey

Half of Canadian plan members confident their benefits plan covers high-cost drugs: survey

Nearly half (49 per cent) of Canadian plan members said they’re confident their group benefits plan will cover medications for serious diseases such as cancer…

  • By: Staff
  • June 29, 2020 November 12, 2020
  • 09:00
How are pension plans conducting due diligence amid physical distancing?

How are pension plans conducting due diligence amid physical distancing?

Before physical distancing, pension plan sponsors typically held in-person meetings and site visits when allocating to new investment managers. “I like to look people in…

CPPIB investing in U.K. residential real estate

CPPIB investing in U.K. residential real estate

The Canada Pension Plan Investment Board is building on its partnership with Lendlease Corp. with a further £85 million 50/50 co-investment in the U.K. residential real…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 15:15
Morneau Shepell appointing new retirement solutions partner

Morneau Shepell appointing new retirement solutions partner

Morneau Shepell Ltd. is appointing Glen Oikawa as a client relationship partner, retirement solutions partner and Calgary office leader. In the new role, he’ll focus…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 15:00
Global pension funds still prefer active strategies on climate change investing: survey

Global pension funds still prefer active strategies on climate change investing: survey

The vast majority (81 per cent) of global pension plan sponsors said they have allocations to some kind of climate change-related funds, according to a new…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 09:15
Drug adherence an increasing issue for plan members, sponsors, finds survey

Drug adherence an increasing issue for plan members, sponsors, finds survey

While 55 per cent of Canadian plan members take at least one medication on a regular basis, this increases to 70 per cent among those…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 09:00
OMERS Sponsors Corp. approves shared-risk indexing, other plan design changes

OMERS Sponsors Corp. approves shared-risk indexing, other plan design changes

Plan design changes are on the horizon for the Ontario Municipal Employees Retirement System’s primary pension plan. The OMERS Sponsors Corp. board has approved five…

  • By: Staff
  • June 26, 2020 November 12, 2020
  • 08:30
Feds extending time period for temporary layoffs during pandemic

Feds extending time period for temporary layoffs during pandemic

Canada is providing federally regulated employers with more time to recall employees who were laid off due to the coronavirus pandemic. Under employment legislation, employers could temporarily lay…

  • By: Staff
  • June 25, 2020 November 12, 2020
  • 15:15
Manulife investing $3.5M in workplace diversity, inclusion

Manulife investing $3.5M in workplace diversity, inclusion

Manulife Financial and its U.S. division John Hancock are investing more than $3.5 million over the next two years to promote diversity, equity and inclusion…

  • By: Staff
  • June 25, 2020 November 12, 2020
  • 15:00

Sanofi survey finds age a factor in levels of workplace stress

While benefits plan members are experiencing levels of stress that impact their productivity at work, a growing number feel their employer is supporting their mental…

  • By: Staff
  • June 25, 2020 November 23, 2020
  • 08:50

Feds introducing new regulations to prevent workplace harassment, violence

The federal government is introducing new regulations to protect employees from harassment and violence in the workplace. The regulations, which take effect on Jan. 1, 2021,…

  • By: Staff
  • June 25, 2020 December 2, 2020
  • 08:45
PSP, CPPIB invest in biotech, OMERS Ventures in U.S. residential real estate

PSP, CPPIB invest in biotech, OMERS Ventures in U.S. residential real estate

The Canada Pension Plan Investment Board and the Public Sector Pension Investment Board are participating in the initial round of financing for Seattle-based Sana Biotechnology Inc.…

  • By: Staff
  • June 25, 2020 November 12, 2020
  • 08:30