Latest news in Benefits Canada News

Green Shield Canada investing in pharmacogenetics company

Green Shield Canada is investing in Canadian pharmacogenetics company GenXys Health Care Systems. The two companies will be collaborating on new pharmacogenetic products, which are…

  • By: Staff
  • May 26, 2020 November 24, 2020
  • 15:20
Trudeau commits to working with provinces on paid sick leave

Trudeau commits to working with provinces on paid sick leave

Prime Minister Justin Trudeau has confirmed he’ll work with the provinces on creating 10 days of paid sick leave for all Canadians. “Nobody should have to…

Mercer appoints Canadian and U.S. heads of responsible investing

Mercer appoints Canadian and U.S. heads of responsible investing

Mercer is appointing Monika Freyman as Canadian head of responsible investment and David Fanger in the same role for the U.S. In the roles, Freyman…

  • By: Staff
  • May 26, 2020 November 12, 2020
  • 15:00
CPPIB posts 3.1% gains for fiscal 2020 after difficult final quarter

CPPIB posts 3.1% gains for fiscal 2020 after difficult final quarter

The Canada Pension Plan Investment Board saw a 3.1 per cent net return for its fiscal 2020 year, which ended March 31. Rising to $409.6 billion…

Saskatchewan NDP calling for binding mediation to end Unifor, Co-op pension dispute

Saskatchewan NDP calling for binding mediation to end Unifor, Co-op pension dispute

The leader of the Saskatchewan New Democratic Party is calling on the provincial government to implement binding arbitration to end the months-long lockout and pension dispute between…

FSRA issues new guidance for pension plans transferring commuted values, purchasing annuities

The Financial Services Regulatory Authority of Ontario has issued new guidance on transferring commuted values and purchasing annuities when a pension plan’s transfer ratio has…

  • By: Staff
  • May 25, 2020 April 5, 2022
  • 15:00

Employee well-being critical to return to work after pandemic

Addressing employees’ well-being will be a critical component of returning to the workplace as isolation and closure measures start to loosen. “Our greatest assets [are our] people,” said…

Private equity activity slumps in Q1: report

Private equity activity slumps in Q1: report

With volatility rattling public markets, fundraising for private equity deals took a tumble during the first quarter of 2020, according to a new report by…

  • By: Staff
  • May 25, 2020 November 12, 2020
  • 08:45
Winnipeg Public Service recommending reversal of police pension bylaw changes

Winnipeg Public Service recommending reversal of police pension bylaw changes

The Winnipeg Public Service is recommending the reversal of amendments to the City of Winnipeg’s police pension bylaw. The amendments, which took effect April 1, 2020,…

  • By: Staff
  • May 22, 2020 November 30, 2020
  • 15:25
Canadian employment rises 1.8% as economies reopen: Stats Can

Reduced hours worked could impact multi-employer pension plan costs: report

The funded status of the Segal Group Inc.’s model multi-employer pension plan fell from 95 per cent to 86 per cent during the first quarter…

  • By: Staff
  • May 22, 2020 February 23, 2021
  • 15:15
People Corp. appoints Brevan Canning president

People Corp. appoints Brevan Canning president

People Corp. has appointed Brevan Canning as president, effective May 21. Since joining the organization when it was created in 2007, Canning has held senior…

  • By: Staff
  • May 22, 2020 November 12, 2020
  • 15:00

Canadian plan sponsors seeing sharp declines in health, dental claims

Plan sponsors have seen significant decreases in their extended health and dental claims over the past three months, according to new data by Eckler Ltd.…

Sustainable investment outperformed in Q1: report

Sustainable investment outperformed in Q1: report

Sustainable indexes largely outperformed during the first quarter of 2020 amid market turmoil caused by the coronavirus pandemic, according to BlackRock Inc.’s latest sustainability report.…

  • By: Staff
  • May 22, 2020 November 12, 2020
  • 09:15
Shopify moving majority of employees to permanent remote work

Shopify moving majority of employees to permanent remote work

Shopify Inc. is moving the majority of its employees to permanent work-from-home arrangements and closing its offices until 2021. “Until recently, work happened in the…

  • By: Staff
  • May 22, 2020 November 12, 2020
  • 09:00
Canadian workers resilient in face of pandemic, but lack new skills training, finds research

Canadian workers resilient in face of pandemic, but lack new skills training, finds research

Canadians workers are proving resilient in the face of the hardships caused by the coronavirus pandemic, according to a report by the Environics Institute for Survey Research…

  • By: Staff
  • May 22, 2020 November 12, 2020
  • 08:45
OMERS closes investment in German fibre technology company

OMERS closes investment in German fibre technology company

The Ontario Municipal Employees Retirement System is closing its previously announced investment in fibre technology company Deutsche Glasfaser Holding. The German company is a provider…

  • By: Staff
  • May 21, 2020 November 12, 2020
  • 15:00

Could coronavirus delay DC plan members’ expected retirements?

Defined contribution pension plan sponsors may face workforce planning challenges coming out of the coronavirus pandemic as older plan members whose account balances were hard…

70% of institutional investors expect ESG integration to become standard practice: survey

70% of institutional investors expect ESG integration to become standard practice: survey

The vast majority (96 per cent) of institutional investors feel they have an important role to play in addressing the world’s most pressing challenges, including climate…

  • By: Staff
  • May 20, 2020 November 11, 2020
  • 15:30

Competitive total rewards critical part of Canadian HR, corporate strategies: survey

Competitive total rewards programs are a critical component of Canadian organizations’ human resources and corporate strategy, according to a new survey by WorldatWork. The survey,…

  • By: Staff
  • May 20, 2020 November 24, 2020
  • 15:15
IMCO committing US$250 million to credit fund

IMCO committing US$250 million to credit fund

The Investment Management Corp. of Ontario is committing US$250 million to Apollo Global Management Inc.’s new Accord Fund III series B. The fund is focused on acquiring credits…

  • By: Staff
  • May 20, 2020 November 12, 2020
  • 15:00
What shape might economic recovery take?

What shape might economic recovery take?

With some jurisdictions gently reducing coronavirus-imposed restrictions, institutional investors are beginning to lay out possible scenarios for economic recovery. The terms V- and U-shaped recovery,…

40% of employers to recall staff to workplace when restrictions ease: survey

40% of employers to recall staff to workplace when restrictions ease: survey

Only eight per cent of Canadian employers said they’re fully prepared to reopen their workplaces when provincial governments lift restrictions, according to a new survey by the…

  • By: Staff
  • May 20, 2020 November 11, 2020
  • 09:00
Half of institutional investors concerned about fixed income liquidity: survey

Half of institutional investors concerned about fixed income liquidity: survey

Even before the coronavirus began affecting capital markets, fixed income investors were becoming more risk averse, according to Invesco’s latest survey. Close to half (43 per cent)…

  • By: Staff
  • May 19, 2020 November 12, 2020
  • 15:25

Home Depot expanding paid time off, doubling overtime pay

The Home Depot Inc. has taken a number of steps to support its employees during the coronavirus pandemic. In its annual earnings report, the global…

  • By: Staff
  • May 19, 2020 April 15, 2021
  • 15:15
AIMCo board undertaking third-party review of volatility trading strategy

AIMCo board undertaking third-party review of volatility trading strategy

The Alberta Investment Management Corp.’s board of directors has released a statement outlining its response to the poor performance of its volatility trading strategy. In the wake…

  • By: Staff
  • May 19, 2020 November 11, 2020
  • 15:00