Latest news in Benefits Canada News

Will emerging market central banks bolster the global economy in 2020?

Will emerging market central banks bolster the global economy in 2020?

Institutional investors have been going back and forth about whether monetary policy will provide the tailwinds to markets it did last year or whether central banks…

Gen Z, millennials expect employers to help them upskill: survey

Gen Z, millennials expect employers to help them upskill: survey

Younger generations are more likely to expect their employers to provide training and development programs, according to a new survey by getAbstract. Almost all (93…

  • By: Staff
  • January 15, 2020 November 12, 2020
  • 15:00
How to drive DC plan members into the default investment option

How to drive DC plan members into the default investment option

If most defined contribution pension plan members who invest their own money underperform those who invest through professionally managed options, how can plan sponsors encourage…

  • By: Staff
  • January 15, 2020 November 30, 2020
  • 09:20
Employees at Ontario steelmaker gain benefits improvements with new contract

Employees at Ontario steelmaker gain benefits improvements with new contract

Employees at steelmaker Ivaco Rolling Mills Ltd. in L’Orignal. Ont. have ratified new collective agreements that include improvements to their wages and benefits. About 400…

  • By: Staff
  • January 14, 2020 November 12, 2020
  • 15:15
Many Canadians planning to switch jobs for better benefits: survey

Many Canadians planning to switch jobs for better benefits: survey

Canadians on the hunt for a new job want improved benefits and better control over their schedule, according to a new survey by Indeed. The…

  • By: Staff
  • January 14, 2020 February 23, 2021
  • 15:00
Were market reactions to U.S. tensions with Iran a flash in the pan?

Were market reactions to U.S. tensions with Iran a flash in the pan?

When news hit that the U.S. military had carried out an attack that killed Qasem Soleimani, the major general of Iran’s Islamic Revolutionary Guard Corps, institutional…

Morneau Shepell to test meditation headband in employee wellness programs

Morneau Shepell to test meditation headband in employee wellness programs

Morneau Shepell Ltd. is teaming up with Interaxon Inc. to test meditation-aid technology for use in workplace well-being programs. Interaxon makes the Muse meditation headband, a research-grade electroencephalography…

  • By: Staff
  • January 13, 2020 November 12, 2020
  • 15:00
CPPIB investing in Canadian precision oncology company

CPPIB investing in Canadian precision oncology company

The Canada Pension Plan Investment Board is investing US$20 million in Fusion Pharmaceuticals Inc., a Hamilton, Ont.-based precision oncology company. The funds will go towards…

  • By: Staff
  • January 13, 2020 November 12, 2020
  • 15:00
Saskatoon library workers’ new contract includes enhanced leave provisions

Saskatoon library workers’ new contract includes enhanced leave provisions

The union representing Saskatoon Public Library workers has ratified a tentative collective agreement that involves improved leave provisions and wage increases. The Canadian Union of Public Employees…

Willis Towers Watson’s Wendy Poirier taking on global well-being role

Willis Towers Watson’s Wendy Poirier taking on global well-being role

Willis Towers Watson has promoted Wendy Poirier to the role of global well-being leader. With the consulting firm since 2005, Poirier’s previous roles include innovation…

Proposed Alberta Pension Plan has underwriting, political risks: report

Proposed Alberta Pension Plan has underwriting, political risks: report

A potential Alberta Pension Plan would expose Albertans to material underwriting risks and the potential for political involvement in decisions about the plan’s investment policy,…

  • By: Staff
  • January 13, 2020 November 30, 2020
  • 09:15
Fees, member communications top priorities for U.S. DC plans in 2020: survey

Fees, member communications top priorities for U.S. DC plans in 2020: survey

For the fourth consecutive year, reviewing fees is the most important step defined contribution plan sponsors are taking to improve their fiduciary positions, with fees…

  • By: Staff
  • January 10, 2020 November 30, 2020
  • 15:15
SC Insurance and RRJ Benefits form joint venture

SC Insurance and RRJ Benefits form joint venture

Two group benefits firms in the Greater Toronto Area have joined forces to strengthen growth and innovation in the benefits and insurance industry. The new…

  • By: Staff
  • January 10, 2020 November 12, 2020
  • 15:00
Canada’s gender wage gap worse when including certain demographic traits: report

Canada’s gender wage gap worse when including certain demographic traits: report

Although Canada has a wide range of federal and provincial legislation intended to ensure Canadians can benefit from the labour market equally, gender wage gaps continue…

  • By: Staff
  • January 10, 2020 November 12, 2020
  • 09:30
Four more employers join CAAT’s DBplus pension plan

Four more employers join CAAT’s DBplus pension plan

Four more employers have joined the College of Applied Arts and Technology pension plan’s DBplus. In total, more than 1,000 new members from the Catholic Charities of…

  • By: Staff
  • January 10, 2020 November 30, 2020
  • 09:15

One in four Canadians taking on caregiving responsibilities: StatsCan

In 2018, 25 per cent of Canadians, or 7.8 million people, aged 15 and older provided care to a family member or friend with a…

The challenges of benchmarking infrastructure in a pension portfolio

The challenges of benchmarking infrastructure in a pension portfolio

Canadian pension funds’ median allocations to infrastructure are higher than their global counterparts, with these allocations increasing significantly since 2010. In fact, according to data…

Monetary policy no longer the best tool for supporting economic growth

Monetary policy no longer the best tool for supporting economic growth

The days of monetary policy as the most effective tool for stimulating the economy are over, as central banks around the world are increasingly limited in the…

More employers offering financial well-being benefits: survey

More employers offering financial well-being benefits: survey

Financial well-being benefits are on the rise in North America, according to a new survey by WorldatWork. Among the companies surveyed, 70 per cent said they currently…

  • By: Staff
  • January 9, 2020 November 30, 2020
  • 09:15
Nortel pensioners lose $200M refund battle with Ontario’s PBGF

Nortel pensioners lose $200M refund battle with Ontario’s PBGF

Ontario’s pension benefits guarantee fund has successfully reclaimed some $200 million from monies allocated to pensioners in Nortel Networks Corp. bankruptcy proceedings. The silver lining…

Ontario Teachers’ selling minority interests in Brussels Airport

Ontario Teachers’ selling minority interests in Brussels Airport

The Ontario Teachers’ Pension Plan is selling minority interests of its indirect stake in the Brussels Airport to Japan’s Government Pension Investment Fund and NSW…

  • By: Staff
  • January 8, 2020 November 12, 2020
  • 15:15
OMERS names new chief pension officer

OMERS names new chief pension officer

The Ontario Municipal Employees Retirement System is naming Annesley Wallace as its new chief pension officer. Wallace has been with the OMERS pension services team…

  • By: Staff
  • January 8, 2020 November 30, 2020
  • 09:45
‘War for talent’ to drive employers’ total rewards strategy in 2020

‘War for talent’ to drive employers’ total rewards strategy in 2020

Strong competition to attract and retain talent will drive employers to adopt holistic employee wellness strategies in 2020, according to the Workforce Institute at Kronos…

Mat leave returnees no longer facing reset of LTD pre-existing clause

Mat leave returnees no longer facing reset of LTD pre-existing clause

Major Canadian insurers are no longer resetting the long-term disability pre-existing condition clause for women whose benefits coverage lapsed during their maternity leave when they return…

Former Ontario Teachers’ CEO appointed senior fellow at C.D. Howe Institute

Former Ontario Teachers’ CEO appointed senior fellow at C.D. Howe Institute

Ron Mock, who recently retired as the president and chief executive officer of the Ontario Teachers’ Pension Plan, has been appointed a senior fellow of the…

  • By: Staff
  • January 7, 2020 November 12, 2020
  • 15:15