Latest news in Benefits Canada News

High-cost drug strategy, flexible annuities in CLHIA wish list for federal budget

High-cost drug strategy, flexible annuities in CLHIA wish list for federal budget

The Canadian Life and Health Insurance Association is asking the federal government to develop a strategy for access to high-cost drugs and to make flexible annuity options available for…

  • By: Staff
  • February 6, 2020 November 30, 2020
  • 08:30
PMPRB drug pricing changes could delay product launches: survey

PMPRB drug pricing changes could delay product launches: survey

The vast majority of pharmaceutical executives said they expect the incoming amendments to the Patented Medicine Prices Review Board to have a negative impact on…

  • By: Staff
  • February 5, 2020 November 12, 2020
  • 15:00
Caisse helping portfolio company acquire pipeline inspection supplier

Caisse helping portfolio company acquire pipeline inspection supplier

The Caisse de dépôt et placement du Québec, alongside private equity firm Novacap, is part of a partnership helping Eddyfi Technologies acquire NDT Global. Headquartered in Dublin, NDT…

  • By: Staff
  • February 5, 2020 November 11, 2020
  • 15:00
What could proposed changes to SEC rules mean for Canadian pensions?

What could proposed changes to SEC rules mean for Canadian pensions?

While it isn’t Canadian, the U.S. Securities and Exchange Commission certainly has plenty of power to affect assets held by Canadian pension plans. A number of…

54% of Canadian employers plan to invest in digital health

54% of Canadian employers plan to invest in digital health

More than half (54 per cent) of Canadian employers said they’re planning to invest more in digital health solutions in the next five years, according…

  • By: Staff
  • February 5, 2020 November 11, 2020
  • 09:00
Hub acquiring Edmonton benefits, retirement consultancy

Hub acquiring Edmonton benefits, retirement consultancy

Hub International Ltd. is acquiring Edmonton-based employee benefits and retirement consulting firm Benefex Consulting Inc. Benefex specializes in group insurance programs, retirement, wellness solutions and special…

  • By: Staff
  • February 4, 2020 November 12, 2020
  • 15:20
BCI investing in U.K. investment analytics provider

BCI investing in U.K. investment analytics provider

The British Columbia Investment Management Corp. is buying a stake in U.K.-based investment analytics provider ClearMacro Ltd. The company provides analytics tools designed for asset managers and other…

  • By: Staff
  • February 4, 2020 November 11, 2020
  • 15:15
Should investors keep calm and carry on in the face of the coronavirus?

Should investors keep calm and carry on in the face of the coronavirus?

China’s markets are reeling from the economic ramifications of the coronavirus. With more foreign institutional investor capital allocated to the region than ever before, investors…

CLHIA calling for pension innovation, access to cheaper drugs in provincial budgets

CLHIA calling for pension innovation, access to cheaper drugs in provincial budgets

The Canadian Life and Health Insurance Association is highlighting new retirement savings options and access to cheaper drugs in its priorities for the Quebec and Newfoundland…

  • By: Staff
  • February 4, 2020 November 30, 2020
  • 09:00
Unifor blockade continues at Co-op refinery after pension talks break down

Unifor blockade continues at Co-op refinery after pension talks break down

Unifor is calling out the Federated Co-operatives Ltd. for delaying bargaining after hitting an impasse in a pension dispute. Currently, the Co-op employees’ defined benefit pension is…

  • By: Staff
  • February 3, 2020 November 30, 2020
  • 16:30
Canadian DB plan returns rise in fourth quarter as equity markets rebound

Canadian DB plan returns rise in fourth quarter as equity markets rebound

Canadian defined benefit pension plans returned a median 2.52 per cent for the fourth quarter of 2019, reflecting an improved economic outlook for investors, according…

  • By: Staff
  • February 3, 2020 November 12, 2020
  • 15:15

Changes coming for pension plan commuted-value standards

After years of consultation, the Canadian Institute of Actuaries’ Actuarial Standards Board has finalized changes to key components of how commuted values payable from pension…

CUPE NL rejects proposed agreement over pension concessions

CUPE NL rejects proposed agreement over pension concessions

The union representing 3,700 public sector employees in Newfoundland and Labrador are rejecting a proposed collective agreement from the provincial government, saying it includes unacceptable…

SSQ Insurance, la Capitale combining operations

SSQ Insurance, la Capitale combining operations

SSQ Life Insurance Co. Inc. and la Capitale Insurance and Financial Services are combining their operations. The two companies have similar sized and complementary operations,…

  • By: Staff
  • January 31, 2020 November 12, 2020
  • 15:15
How should Canadian employers be responding to the coronavirus?

How should Canadian employers be responding to the coronavirus?

With three confirmed cases of the coronavirus in Canada, 40 potential cases under investigation and the World Health Organization declaring the virus an international public…

Hefty equity gains drove Canadian DB pensions to double-digit returns in 2019

Hefty equity gains drove Canadian DB pensions to double-digit returns in 2019

Canadian defined benefit plans posted a median return of 13.6 per cent for 2019, according to Northern Trust Canada’s pension universe. North American equities led…

  • By: Staff
  • January 31, 2020 November 12, 2020
  • 09:00
NYC hiring advisors to create divestment plans for its pension funds

NYC hiring advisors to create divestment plans for its pension funds

New York City is taking major steps toward divesting from fossil fuels by hiring investment advisors to review three of its pension plans and make…

  • By: Staff
  • January 31, 2020 November 12, 2020
  • 08:53
Medavie names new Ontario government executive lead

Medavie names new Ontario government executive lead

Medavie Blue Cross has appointed Hélène Lavictoire as its Ontario government executive lead. Lavictoire is joining Medavie from Telus Health, where she was a product…

  • By: Staff
  • January 31, 2020 November 12, 2020
  • 08:52
Conference coverage: 2019 Vancouver Mental Health Summit

Conference coverage: 2019 Vancouver Mental Health Summit

On Dec. 12, the 2019 Vancouver Mental Health Summit showcased ideas on how to approach mental health in the workplace, including how to remove the…

Considering how mental-health support, accommodation is changing

Considering how mental-health support, accommodation is changing

Sixty per cent of working Canadians have experienced a mental-health issue, an increase from 52 per cent in 2017, according to Sun Life’s 2019 barometer survey.…

A look at ROI benefits of employee mental-health programs

A look at ROI benefits of employee mental-health programs

Workplace mental-health programs can demonstrate a huge return on investment for an organization’s bottom line, as well as reducing absenteeism and presenteeism, said Nir Yahav,…

Stigma, coverage barriers preventing proper treatment of migraine

Stigma, coverage barriers preventing proper treatment of migraine

While 2.7 million Canadians suffer from migraine, the condition can be subdivided based on its frequency, said Dr. Esma Dilli, neurologist and clinical assistant professor…

How nutrition contributes to better mental health, organizational wellness

How nutrition contributes to better mental health, organizational wellness

People don’t often make the association between nutrition and long-term mood, as well as how diet can impact the brain’s function and its structure, according to…

What tools can employers use to address employees’ sleep concerns?

What tools can employers use to address employees’ sleep concerns?

While insomnia is a disorder, it’s just as commonly a symptom, which most people and physicians don’t grasp, said Dr. Atul Khullar, medical director at…

Training, integration and results crucial for company mental-health initiatives

Training, integration and results crucial for company mental-health initiatives

Mental health isn’t fight club — it can be talked about, said Sean Raible, principal consultant at Game Plan Total Rewards, during Benefits Canada’s 2019…