Latest news in Benefits Canada News

Five Canadian pension funds rank in top 100 global asset managers: report

Five Canadian pension funds rank in top 100 global asset managers: report

Twelve of the 25 top global asset owners were pension funds as of year-end 2018, according a new report by Willis Towers Watson’s Thinking Ahead…

  • By: Staff
  • November 22, 2019 November 12, 2020
  • 15:00
Plan sponsors, members increasingly open to medical cannabis use: survey

Plan sponsors, members increasingly open to medical cannabis use: survey

Both plan sponsors and plan members are more open to the use of medical cannabis than they were five years ago, according to a new…

  • By: Staff
  • November 22, 2019 November 12, 2020
  • 09:15
Rayonier Advanced Materials pension taking on annuity buyout

Rayonier Advanced Materials pension taking on annuity buyout

Rayonier Advanced Materials is transferring a portion of its Canadian defined benefit plan obligations with a $293-million annuity buyout. Through the transaction, Sun Life will…

  • By: Staff
  • November 22, 2019 November 12, 2020
  • 09:15
Morneau Shepell’s Rita Fridella to retire, Neil King to take role

Morneau Shepell’s Rita Fridella to retire, Neil King to take role

Morneau Shepell Ltd. is appointing Neil King as executive vice-president and president of LifeWorks, effective Jan. 1, 2020, as Rita Fridella retires at the end…

  • By: Staff
  • November 22, 2019 November 12, 2020
  • 09:10
What could negative yields mean for Canadian pension plans’ funding statuses?

What could negative yields mean for Canadian pension plans’ funding statuses?

Globally, negative yielding bonds are alarming investors. And while Canadian government bonds haven’t gone negative, movement in other countries is demonstrating to institutional investors that anything is…

  • By: Yaelle Gang
  • November 22, 2019 November 30, 2020
  • 09:05
Editorial

Editorial: Will Canadians ever really retire?

I think it’s fair to say that retirement security is top of mind for the majority of Canadians. And politicians are listening: it was constructive…

Head to head: Which is more disruptive: absenteeism or presenteeism?

Head to head: Which is more disruptive — absenteeism or presenteeism?

Both absenteeism and presenteeism affect employers’ bottom lines and employee morale, but does one have more impact on the workplace? Julie Holden, principal at Holden…

How Borden Ladner Gervais brought its mental-health strategy in-house

Borden Ladner Gervais LLP is taking its employees’ mental health seriously. Four years ago, it implemented a strategy to focus on building awareness, reducing stigma…

A look at medical cannabis coverage’s growing pains

A look at medical cannabis coverage’s growing pains

After the Arthritis Society’s extensive advocacy for medical cannabis research, it seemed only natural for the organization to cover the drug under its employee benefits…

What’s next for Canada’s retirement income system?

What’s next for Canada’s retirement income system?

In the coming decade, the median retirement age could increase from 65 to 68, though the exact timing and extent of this rise can’t be…

How does the CPP compare to Australia’s superannuation funds?

How does the CPP compare to Australia’s superannuation funds?

As employer-sponsored pension plans and personal retirement savings continue to shrink, the third pillar of Canada’s retirement income troika, the publicly funded Canada Pension Plan,…

2019 Top 40 Money Managers Report: How plan sponsors hedge portfolio exposure in their own sectors

2019 Top 40 Money Managers Report: How plan sponsors hedge portfolio exposure in their own sectors

Canada’s economy is famously reliant on its rich natural resources, with a heaping helping of financial service providers thrown in for good measure. But when…

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Getting delegation right at Manitoba’s Teachers’ Retirement Allowance Fund

Since the Teachers’ Retirement Allowance Fund, which is the defined benefit pension plan for public school teachers and other eligible employees in Manitoba, was introduced…

Should employers use social media to communicate pension, benefits?

Should employers use social media to communicate pension, benefits?

As social media becomes increasingly pervasive, employers should consider adding the tool to their communications arsenal. Indeed, David McArthur, principal and creative director at Morello…

Back to basics on diversified growth funds

Back to basics on diversified growth funds

Canada has learned a lot from the U.K. Diversified growth funds, which began crossing the pond in 2008, are the latest import. But the funds…

Q&A with the City of Toronto’s Hatem Belhi

Q&A with the City of Toronto’s Hatem Belhi

The City of Toronto’s director of pensions, payroll and employee benefits discusses pension changes, data technology and being a soccer dad. Q. What top challenges…

CN Rail workers continue strike over drug benefits, safety concerns

CN Rail workers continue strike over drug benefits, safety concerns

Roughly 3,200 Canadian National Railway Co. workers are on strike with outstanding issues including time-off provisions and lifetime caps on certain benefits. The strike, which began at midnight…

  • By: Staff
  • November 21, 2019 November 12, 2020
  • 09:23
Millennials understand role of fixed income better than baby boomers: survey

Millennials understand role of fixed income better than baby boomers: survey

Millennials appear to understand how to use fixed income as part of investing for retirement better than older generations, according to a new survey by BNY…

  • By: Staff
  • November 21, 2019 November 12, 2020
  • 09:00
Flexible offices could contribute to local Canadian economies in next decade: study

Flexible offices could contribute to local Canadian economies in next decade: study

Flexible office spaces and co-working locations could contribute more than $13.7 billion to local Canadian economies in the next decade as they become more prevalent…

  • By: Staff
  • November 21, 2019 November 12, 2020
  • 08:30
New University Pension Plan selects inaugural chair of board

New University Pension Plan selects inaugural chair of board

The University Pension Plan is appointing Gale Rubenstein as the inaugural chair of its board of trustees. The UPP will be the province’s first jointly…

  • By: Staff
  • November 20, 2019 November 30, 2020
  • 15:30
Diversity and inclusion, education support increasingly part of total rewards: survey

Diversity and inclusion, education support increasingly part of total rewards: survey

In 2019, employers are increasingly making diversity and inclusion initiatives and education assistance for employees part of their total rewards offerings, according to new research by WorldatWork.…

  • By: Staff
  • November 20, 2019 November 12, 2020
  • 15:00
Alberta teachers calling on auditor general to investigate proposed public pension changes

Alberta teachers calling on auditor general to investigate proposed public pension changes

The Alberta Teachers’ Association and the Alberta Teachers’ Retirement Fund are calling on the province’s auditor general to examine the 2019 budget proposal that would put the pension’s…

  • By: Staff
  • November 20, 2019 November 30, 2020
  • 09:45
Is more investment choice actually good for DC plan members?

Is more investment choice actually good for DC plan members?

While previous research has indicated that defined contribution pension plan members benefit from a limited number of core investment options because it reduces choice overload,…

  • By: Staff
  • November 20, 2019 November 30, 2020
  • 09:00
The Co-operators launches mental health medical second opinion

The Co-operators launches mental health medical second opinion

The Co-operators Group Ltd. is partnering with WorldCare Health Inc. on a mental-health, medical second-opinion product for the insurer’s group benefits clients. The product combines an…

  • By: Staff
  • November 20, 2019 November 12, 2020
  • 08:45
Half of Canadians believe they’ll outlive retirements savings

Half of Canadians believe they’ll outlive retirements savings

Nearly half (47 per cent) of working Canadians believe there’s a serious risk they could outlive their retirement savings, according to Sun Life Financial’s latest…

  • By: Staff
  • November 19, 2019 November 12, 2020
  • 15:15