Latest news in Benefits Canada News

Nova Scotia Teachers’ returns 12.36%, issues cautions about coronavirus impact

Nova Scotia Teachers’ returns 12.36%, issues cautions about coronavirus impact

The Nova Scotia Teachers’ Pension Plan is bracing for the effect of the coronavirus pandemic on its assets as it reported a 78.2 per cent funded…

  • By: Staff
  • April 27, 2020 November 12, 2020
  • 08:45
CPPIB part of development joint venture in South Korea

CPPIB part of development joint venture in South Korea

The Canada Pension Plan Investment Board, alongside Dutch pension fund ASG and asset manager ESR Cayman Ltd., has entered into a new strategic agreement to…

  • By: Staff
  • April 24, 2020 November 12, 2020
  • 15:15
A tough first quarter for Canadian pension managers’ pooled funds

A tough first quarter for Canadian pension managers’ pooled funds

It’s no surprise that Canadian pension funds had a rough first quarter of 2020 and the latest data from Morneau Shepell Ltd.’s universe of pension…

  • By: Staff
  • April 24, 2020 November 11, 2020
  • 15:00
CAAT pension plan returns 16% in 2019, well-positioned to weather coronavirus storm

CAAT pension plan returns 16% in 2019, well-positioned to weather coronavirus storm

The Colleges of Applied Arts and Technology pension plan saw a strong 2019, delivering a 16 per cent return, net of investment management fees, while…

Retraite Quebec introduces temporary measures for DB pensions

Retraite Quebec introduces temporary measures for DB pensions

Retraite Quebec is implementing two temporary easing measures to help supplemental pension plan administrators during the coronavirus outbreak. The measures involve extending deadlines for certain…

  • By: Staff
  • April 23, 2020 November 30, 2020
  • 15:20
U.S. employers maintaining health benefits, considering other cost-cutting measures: survey

North American companies making total rewards cuts as pandemic extends: survey

North American employers are attempting to strike a balance between supporting employees and reducing costs during the coronavirus pandemic, according to a new survey by Aon.…

  • By: Staff
  • April 23, 2020 November 30, 2020
  • 15:00
CRA introduces calculator to help employers with wage subsidy applications

CRA introduces calculator to help employers with wage subsidy applications

The federal government has introduced a special calculator to further encourage employers to re-hire workers using the Canada Emergency Wage Subsidy. The calculator is on the Canada…

  • By: Staff
  • April 23, 2020 November 12, 2020
  • 14:50
What opportunities does the oil glut offer Canadian pension portfolios?

What opportunities does the oil glut offer Canadian pension portfolios?

With crude oil futures contracts crashing through the floor into negative territory at the beginning of the week, what opportunities are opening up for institutional…

BMO highlights health supports for staff during coronavirus

BMO highlights health supports for staff during coronavirus

BMO Financial Group is highlighting a number of its health supports for employees during the coronavirus pandemic. The bank is hosting conference calls with physicians…

More Canadian insurers reducing benefits plan premiums

More Canadian insurers reducing benefits plan premiums

Alberta Blue Cross, Green Shield Canada, iA Financial Group and Medavie Blue Cross are the latest insurers to reduce benefits plan premiums during the coronavirus…

  • By: Staff
  • April 23, 2020 November 12, 2020
  • 09:45
OMERS considering shared-risk indexing, expanded eligibility to non full-time workers

OMERS considering shared-risk indexing, expanded eligibility to non full-time workers

The Ontario Municipal Employees Retirement System’s sponsors corporation board is considering two plan design changes: the introduction of shared-risk indexing and the expansion of pension…

  • By: Staff
  • April 22, 2020 November 12, 2020
  • 15:00
RBC, Wello partner on virtual health care access for Canadian employers

RBC, Wello partner on virtual health care access for Canadian employers

The Royal Bank of Canada is expanding its partnership with telemedicine platform Wello to give Canadian businesses and their employees access to virtual health care during…

  • By: Staff
  • April 22, 2020 November 12, 2020
  • 14:45
Unions across job sectors crying out for increased safety measures

Unions across job sectors crying out for increased safety measures

Unions across the country are pushing for further measures to keep their members safe, whether they stock the frozen food section in a grocery store…

35% of Canadians expect to lose their jobs in the next four weeks: Stats Can

35% of Canadians expect to lose their jobs in the next four weeks: Stats Can

More than a third (35 per cent) of Canadians said they expect to lose their job or the main source of self-employment income in the next four weeks…

  • By: Staff
  • April 22, 2020 November 11, 2020
  • 09:30
Will China come out of pandemic stronger in institutional investors’ eyes?

Will China come out of pandemic stronger in institutional investors’ eyes?

Even amid the global chaos created by the coronavirus pandemic, China is too big an economy for institutional investors to ignore. A recent report by Greenwich…

Morneau Shepell, Lift partner on virtual fitness programs

Morneau Shepell, Lift partner on virtual fitness programs

Morneau Shepell Ltd. and fitness app Lift are partnering to add artificial intelligence-based fitness programs and live coaches to Morneau Shepell’s LifeWorks well-being platform. Through the…

  • By: Staff
  • April 21, 2020 November 12, 2020
  • 15:00
Equitable Life offering premium relief on health, dental benefits

Equitable Life offering premium relief on health, dental benefits

Equitable Life Insurance Co. of Canada is offering premium relief for all of its traditional and myFlex group plans for health and dental benefits. Since…

  • By: Staff
  • April 21, 2020 November 12, 2020
  • 09:15
Employers taking many approaches to leave, benefits during coronavirus pandemic

Employers taking many approaches to leave, benefits during coronavirus pandemic

Canadian employers are taking varied approaches to leave, compensation and benefits during the coronavirus pandemic, according to a new survey by Aon. The survey, conducted…

  • By: Staff
  • April 20, 2020 November 12, 2020
  • 15:30
Nearly five million more Canadians worked at home in March: Stats Can

Nearly five million more Canadians worked at home in March: Stats Can

About 4.7 million Canadians who don’t usually work from home did so during the week of March 22, according to a new survey by Statistics…

  • By: Staff
  • April 20, 2020 November 12, 2020
  • 15:15
OMERS names new COO, chief legal, corporate affairs officer

OMERS names new COO, chief legal, corporate affairs officer

The Ontario Municipal Employees Retirement System is appointing Bob Aziz as its new chief operating officer and Michael Kelly as its chief legal and corporate affairs officer. In…

  • By: Staff
  • April 20, 2020 November 30, 2020
  • 15:00
Drug plan considerations during the coronavirus pandemic

Drug plan considerations during the coronavirus pandemic

With providers of dental and paramedical services closed, many aspects of the benefits plans are seeing reduced use. But drug plan spending is continuing unabated — and…

An overview of Canadian DB pension relief measures during coronavirus

Provincial and federal regulators are beginning to roll out relief measures for defined benefit pension plan sponsors, ranging from administrative filing extensions to freezes on…

Tech, health care set to be winning sectors for institutional investors during, after pandemic

Tech, health care set to be winning sectors for institutional investors during, after pandemic

While equity markets took substantial hits as the coronavirus pandemic arrived in North America, technology and health-care companies have performed well and are set to…

Manulife cutting group benefits plan premiums for May

Manulife Financial Corp. is lending a hand to group benefits plan sponsors in light of the tight financial situation many businesses are in due to…

  • By: Staff
  • April 20, 2020 March 24, 2021
  • 08:30
CPPIB, Ontario Teachers’ take stake in Mexican infrastructure developer

CPPIB, Ontario Teachers’ take stake in Mexican infrastructure developer

The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are purchasing 40 per cent of the shares of Impulsora del Desarrollo y el Empleo…

  • By: Staff
  • April 17, 2020 November 12, 2020
  • 14:30