Latest news in Benefits Canada News

Scotiabank expanding parental leave top-up, adding virtual health care

Scotiabank is expanding its maternity and parental leave top-up pay for Canadian employees and providing access to a virtual health-care program. Eligible employees will receive…

  • By: Staff
  • March 3, 2020 November 23, 2020
  • 09:15
Arbitration clause doesn’t offend employment standards legislation, rules B.C. court

Arbitration clause doesn’t offend employment standards legislation, rules B.C. court

The British Columbia Supreme Court has ruled that a clause in an employment agreement mandating arbitration as a way of resolving wrongful dismissal disputes doesn’t…

PSP part of consortium taking majority stake in video-telematics company

PSP part of consortium taking majority stake in video-telematics company

The Public Sector Pension Investment Board, along with a consortium of other investors, is acquiring a majority stake in Lytx Inc., a video-telematics company. The…

  • By: Staff
  • March 2, 2020 November 12, 2020
  • 15:30
Ontario Teachers’ appoints new board member

Ontario Teachers’ appoints new board member

The Ontario Teachers’ Pension Plan is appointing Cindy Forbes to its board, effective immediately. Currently, Forbes is global chief analytics officer at Manulife Financial Corp.…

  • By: Staff
  • March 2, 2020 November 12, 2020
  • 15:15

Morneau Shepell selling benefits consulting business to Hub

Morneau Shepell Ltd. is selling its benefits consulting business to Hub International Ltd. The benefits component of Morneau Shepell’s consulting business, which represents about three…

  • By: Staff
  • March 2, 2020 November 23, 2020
  • 09:55
City of Vancouver uses anti-bullying day to promote respectful workplace conduct

City of Vancouver uses anti-bullying day to promote respectful workplace conduct

While Pink Shirt Day started in elementary schools as a way to take a stand against bullying, the City of Vancouver uses the day to encourage a…

Geopolitics ranked top risk for pension funds: survey

Geopolitics ranked top risk for pension funds: survey

Pension funds view geopolitical risk as the top risk to the financial system, followed by economic risk and climate risk, according to the Global Risk…

  • By: Yaelle Gang
  • February 28, 2020 February 23, 2021
  • 15:15
Institutional investors want asset managers to up their technology game: report

Institutional investors want asset managers to up their technology game: report

Global institutional investors believe asset managers need to up their technology game if they’re going to win the client-satisfaction war, according to a new report…

  • By: Staff
  • February 28, 2020 November 12, 2020
  • 09:15
Coming to work sick tops office pet peeves: survey

Coming to work sick tops office pet peeves: survey

To paraphrase philosopher Jean-Paul Sartre: hell is other people trapped in an office together all day long, at least according to the results of a new…

  • By: Staff
  • February 28, 2020 November 12, 2020
  • 09:00

Canada Life partnering with League for flexible benefits plan

Canada Life is entering into an agreement with League Inc. to offer the health technology company’s digital benefits platform alongside its group services. The partnership aims…

  • By: Staff
  • February 27, 2020 August 10, 2021
  • 15:30
Interest rates, trade progress buoy pension plan’s funded status in Q4

Interest rates, trade progress buoy pension plan’s funded status in Q4

The funded status of Segal Group Inc.’s model multi-employer pension plan increased three per cent in the fourth quarter of 2019, according to a new report…

  • By: Staff
  • February 27, 2020 November 12, 2020
  • 15:15
Not just any dip: Is the coronavirus a buying opportunity or a falling knife?

Not just any dip: Is the coronavirus a buying opportunity or a falling knife?

The Dow Jones Industrial Average started the week by dropping about 1,000 points on Monday. Then on Tuesday, it did it again. For institutional investors…

OPTrust launches sustainable investing, innovation team with capital allocation mandate

OPTrust launches sustainable investing, innovation team with capital allocation mandate

While the OPSEU Pension Trust has been focused on responsible investing for some time, it’s bringing its sustainability activities to the next level with the…

Majority of Canadian employers offering non-insurance benefits

Majority of Canadian employers offering non-insurance benefits

The majority (90 per cent) of Canadian employers now offer at least one non-insurance benefit such as paid time off, employee assistance programs or flexible working, according…

  • By: Staff
  • February 26, 2020 November 12, 2020
  • 16:00
Foodora couriers allowed to unionize, rules Ontario labour board

Foodora couriers allowed to unionize, rules Ontario labour board

The Ontario Labour Relations Board ruled on Tuesday that Foodora Canada couriers are dependent contractors and have the right to unionize. The ruling, which sets…

Arbitrability of LTD claims in Ontario’s hospital sector heading to Supreme Court

The issue of whether long-term disability claims are arbitrable or matters for the court, which has plagued Ontario’s hospital sector for over a quarter of…

Despite bull market, CAP income replacement levels dropped in past decade: report

Despite bull market, CAP income replacement levels dropped in past decade: report

The gross income replacement levels for a typical capital accumulation plan have decreased by more than 10 per cent during the past 11-year bull market, according to…

  • By: Staff
  • February 25, 2020 November 30, 2020
  • 15:30
Caisse in private debt financing deal, OTPP invests in gold miner

Caisse in private debt financing deal, OTPP invests in gold miner

The Caisse de dépôt et placement du Québec is closing a $125 million financing deal with Meridian Credit Union Ltd. The investment takes the form of subordinated private debt…

  • By: Staff
  • February 25, 2020 November 11, 2020
  • 15:15
Retirement age rising for millennials, gen X and boomers: report

Retirement age rising for millennials, gen X and boomers: report

Freedom 55? It’s looking more like Freedom 70 for some Canadians, but there are strategies that working baby boomers, generation Xers and millennials can employ…

  • By: Staff
  • February 25, 2020 November 30, 2020
  • 09:15
OMERS posts 11.9% return for 2019 led by public equities

OMERS posts 11.9% return for 2019 led by public equities

The Ontario Municipal Employees Retirement System posted an 11.9 per cent return for 2019. The net return added $11.5 billion in value to the pension fund,…

Caisse completes purchase of B.C. docks

Caisse completes purchase of B.C. docks

The Caisse de dépôt et placement du Québec World, through its investment in DP World, has completed the purchase of Fraser Surrey Docks. The closing…

  • By: Staff
  • February 24, 2020 November 11, 2020
  • 15:30
$100M judgment against Bell may signal uptick in pension indexing litigation

$100M judgment against Bell may signal uptick in pension indexing litigation

The Ontario Court of Appeal has ruled that Bell and its related companies, including Bell Canada, Bell Media Inc., Expertech Network Installation Inc. and Bell…

Canadian law firms to join CAAT’s DBPlus pension plan

Canadian law firms to join CAAT’s DBPlus pension plan

Lawyers Financial has inked a deal with the Colleges of Applied Arts and Technology pension plan to offer law firms the chance to join the CAAT’s DBplus. The…

  • By: Staff
  • February 24, 2020 November 12, 2020
  • 09:15
CPPIB strengthens partnership in U.K.’s build-to-rent sector

CPPIB strengthens partnership in U.K.’s build-to-rent sector

The Canada Pension Plan Investment Board is strengthening its partnership with Lendlease Group in the U.K.’s built-to-rent sector with an agreement to invest in a…

  • By: Staff
  • February 21, 2020 November 12, 2020
  • 15:15

Sun Life facing proposed LTD benefits class-action lawsuit

A former federal government employee is launching a proposed $10-million class action lawsuit against Sun Life over how the insurer calculated cost-of-living increases on long-term disability benefits…