Latest news in Benefits Canada News

Ontario Teachers’ expanding relationship with Wellington to tackle climate risk

Ontario Teachers’ expanding relationship with Wellington to tackle climate risk

The Ontario Teachers’ Pension Plan is expanding its strategic relationship with Wellington Management Co. to better integrate climate science research into its investments. Ontario Teachers’ and Wellington…

  • By: Staff
  • May 5, 2020 November 12, 2020
  • 15:00
Majority of Canadian employers not changing benefits plan due to coronavirus: survey

Majority of Canadian employers not changing benefits plan due to coronavirus: survey

More than two-thirds (68 per cent) of Canadian employers said they don’t intend to make changes to their benefits plan during the coronavirus crisis, according to…

  • By: Staff
  • May 5, 2020 November 12, 2020
  • 09:00
BCI, CPPIB and PSP in deal to form new internet provider

BCI, CPPIB and PSP in deal to form new internet provider

Searchlight Capital Partners, along with several Canadian pension investors, is acquiring the U.S. Northwest operations and assets of internet and telephone services provider Frontier Communications, forming…

  • By: Staff
  • May 5, 2020 November 11, 2020
  • 08:45
Blue Cross, SSQ latest sponsors of digital mental-health program

Blue Cross, SSQ latest sponsors of digital mental-health program

Blue Cross and SSQ Life Insurance Co. Inc. are the latest insurers to join as sponsors of MindBeacon Group’s Stronger Minds, a free digital program…

  • By: Staff
  • May 4, 2020 November 11, 2020
  • 15:00
AIMCo calls reports of losses on volatility strategy ‘dramatically’ overstated

AIMCo calls reports of losses on volatility strategy ‘dramatically’ overstated

Recent reports of significant investment losses on the part of the Alberta Investment Management Corp. are overblown, according to chief executive officer Kevin Uebelein. In recent…

  • By: Staff
  • May 4, 2020 November 11, 2020
  • 09:29
Coronavirus could reduce employer health-care costs, finds analysis

Coronavirus could reduce employer health-care costs, finds analysis

The coronavirus pandemic could reduce employer health-care costs by as much as four per cent in 2020 as medical care for non-infected patients has declined,…

  • By: Staff
  • May 4, 2020 November 12, 2020
  • 08:45
Empire Life adds mental-health navigator, TeksMed launches mental well-being app

Empire Life adds mental-health navigator, TeksMed launches mental well-being app

The Empire Life Insurance Co. is including a mental-health navigator in all of its group benefits plans beginning May 1. Through the navigator, which is…

  • By: Staff
  • May 1, 2020 November 12, 2020
  • 15:15
Does CEWS leave workers on parental, disability leave behind?

Does CEWS leave workers on parental, disability leave behind?

Air Canada and Air Canada Rouge employees who were on leave in the months leading up to the coronavirus shutdown appear to have fallen through…

41% of Canadian businesses have laid off staff due to coronavirus: Stats Can

41% of Canadian businesses have laid off staff due to coronavirus: Stats Can

More than four in 10 (41 per cent) Canadian businesses laid off staff in the wake of the coronavirus pandemic, according to a new survey…

  • By: Staff
  • May 1, 2020 November 11, 2020
  • 08:45
OMERS Ventures establishes tech fund, BCI closes stake in water company

OMERS Ventures establishes tech fund, BCI closes stake in water company

OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, has closed a US$750 million venture capital fund. The transatlantic fund is…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 15:15
Nova Scotia Teachers’ names new trustee chair, OMERS promotes Ecclestone

Nova Scotia Teachers’ names new trustee chair, OMERS promotes Ecclestone

The Nova Scotia Teachers’ Pension Plan Trustee Inc. has appointed John Rogers as its new chair, effective July 1, 2020. The trusteeship manages the plan,…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 15:00

2020 Workplace Benefits Awards now open for entries

Does your organization’s benefits or pension plan communications deserve recognition? Are you leading the way when it comes to supporting your employees’ mental health? Is your…

  • By: Staff
  • April 30, 2020 November 30, 2020
  • 09:00
IMCO reaches more than $70 billion AUM in 2019

IMCO reaches more than $70 billion AUM in 2019

The Investment Management Corp. of Ontario reached $70.3 billion in assets under management at the end of 2019, up from $63.3 billion at the end…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 09:00
Green Shield Canada, PocketPills partner on virtual pharmacy access

Green Shield Canada, PocketPills partner on virtual pharmacy access

Green Shield Canada is partnering with digital pharmacy PocketPills on a virtual pharmacy app for its group benefits plans. Plan members will be able to…

  • By: Staff
  • April 30, 2020 November 12, 2020
  • 08:30

Employers expect remote, flexible arrangements to linger after coronavirus: survey

Many employers expect to maintain the flexible and remote-working policies they’ve recently put in place once the coronavirus pandemic is over, according to a new…

  • By: Staff
  • April 29, 2020 November 30, 2020
  • 15:20
Canadian DB plans return negative 7.1% in first quarter

Canadian DB plans return negative 7.1% in first quarter

Canadian defined benefit plans saw a median return of negative 7.1 per cent in the first quarter of 2020, after enduring a historic period of…

  • By: Staff
  • April 29, 2020 November 12, 2020
  • 15:15
Lori Landry retires after nearly 40 years in benefits, pension industry

Lori Landry retires after nearly 40 years in benefits, pension industry

Lori Landry, chief marketing officer at Sun Life Global Investments, has retired, effective April 17. After nearly 20 years at Rogers Communications Inc. as a…

  • By: Staff
  • April 29, 2020 November 12, 2020
  • 09:00
Institutional investors set to pull back on real estate investments in 2020: survey

Institutional investors set to pull back on real estate investments in 2020: survey

Global institutional investors say they intend to gently reduce their average new capital commitments to real estate in 2020. According to a new report by…

  • By: Staff
  • April 28, 2020 November 12, 2020
  • 15:15
OMA rolling out collective pension plan for physicians

Many frontline workers not receiving mental-health resources from employers

While employers of frontline workers have beefed up their policies to physically protect workers from the spread of the coronavirus, many aren’t providing additional supports or mental-health resources,…

  • By: Staff
  • April 28, 2020 January 15, 2022
  • 15:00

Coronavirus casting light on different ESG issues

The coronavirus pandemic is hastening certain trends that institutional investors incorporating environmental, social and governance issues have been eyeing for some time. One trend is…

Vancity supporting staff with frontline worker rotation, virtual health care

Vancity supporting staff with frontline worker rotation, virtual health care

Vancouver City Savings Credit Union has put its frontline staff on a rotation system and introduced a virtual health-care app to support them during the…

Employers permitted to suspend DC pension contributions, says FSRA

Employers permitted to suspend DC pension contributions, says FSRA

The Financial Services Regulatory Authority of Ontario has confirmed it will permit a suspension of employer contributions to defined contribution pension plans on a temporary…

Half of Canadians report worsening mental health: survey

Half of Canadians report worsening mental health: survey

With the increase in job losses, illnesses, uncertainty and self-isolation, how is the coronavirus survey affecting Canadians’ emotional and psychological well-being? Half of Canadians reported…

  • By: Staff
  • April 27, 2020 November 12, 2020
  • 15:00
BCI joins global effort advocating for sustainable capital markets

BCI joins global effort advocating for sustainable capital markets

The British Columbia Investment Management Corp. is aligning itself with other global pension investors by signing a new joint letter calling for long-term sustainability to become a more…

  • By: Staff
  • April 27, 2020 November 11, 2020
  • 15:00

Remote working, distributed workforces could be part of new normal post-coronavirus

With coronavirus cases starting to peak in some Canadian provinces, employers are likely beginning to prepare for a return to work once lockdown restrictions eventually ease.…