Latest news in Benefits Canada News

Caisse boosts stake in Indian solar producer, CPPIB in Brazilian real estate joint venture

Caisse boosts stake in Indian solar producer, CPPIB in Brazilian real estate joint venture

The Caisse de dépôt et placement du Québec is investing a further US$75 million in Azure Power Global Ltd., an independent solar power developer in…

  • By: Staff
  • November 11, 2019 November 11, 2020
  • 15:00
Arbitrator rules hospital must compensate pensioner rehired part time for benefits

Arbitrator rules hospital must compensate pensioner rehired part time for benefits

An arbitrator has ruled that part-time employees who have returned to work after retiring and are receiving pension benefits from the Healthcare of Ontario Pension…

Quebec to introduce bill allowing target-benefit pension plans

Quebec to introduce bill allowing target-benefit pension plans

The Government of Quebec is planning to introduce a bill in the spring of 2020 that would allow employers in the province to implement target-benefit pension plans.…

  • By: Staff
  • November 11, 2019 November 30, 2020
  • 08:45
Police warn of email scam using benefits, compensation messaging

Police warn of email scam using benefits, compensation messaging

Police in Kingston, Ont. are warning the public about a new email phishing scam that uses employee benefits enrolments and annual pay raises as bait. Posing…

  • By: Staff
  • November 8, 2019 November 12, 2020
  • 15:00

Hub acquiring Manitoba benefits consultancy

Hub International Ltd. has acquired the assets of Winnipeg-based benefits consulting firm W.R. Carey Corp. W.R. Carey provides a wide range of programs to employers,…

  • By: Staff
  • November 8, 2019 November 12, 2020
  • 15:00

Alberta will study already ‘compelling case’ for its exit from CPP: Kenney

Alberta Premier Jason Kenney says there’s a “compelling case” to be made for his province to exit the half-century-old Canada Pension Plan, an idea sure…

CPPIB sustainability report shows increased investments in renewable energy

CPPIB sustainability report shows increased investments in renewable energy

The Canada Pension Plan Investment Board has dramatically increased its investments in renewable energy companies, from $30 million in 2016 to $3 billion as of…

Global institutional investor group highlights stability issues with tailings dams

Global institutional investor group highlights stability issues with tailings dams

Globally, 10 per cent of mining companies’ tailings dams have experienced stability issues, according to an analysis by a group of global institutional investors representing…

  • By: Staff
  • November 8, 2019 November 12, 2020
  • 09:00
Conference coverage: 2019 Calgary Drug Trends Summit

Conference coverage: 2019 Calgary Drug Trends Summit

On Oct. 24, the 2019 Calgary Drug Trends Summit featured presentations to educate plan sponsors and advisors about specific disease states and their challenges, new…

New drug therapies for common conditions could impact private plan sustainability

New drug therapies for common conditions could impact private plan sustainability

While medical advancements and drug therapy innovations have been life-changing for patients and plan members, they also come with increasing costs, said Victoria Shaw, drug benefits…

Health-care cost of migraine rising as patients face reduced wages, lost productivity

Health-care cost of migraine rising as patients face reduced wages, lost productivity

Although migraine is disabling, it’s also very common, with 2.7 million or 8.3 per cent of Canadians suffering from the condition, according to Dr. Farnaz…

Switch from biologic to biosimilar drug requires monitoring, patient-informed discussion

Switch from biologic to biosimilar drug requires monitoring, patient-informed discussion

When it comes to switching from a biologic to a biosimilar drug, patient choice and engagement is extremely important, according to Durhane Wong-Rieger, president and chief executive…

Fluor Canada shares journey of move to managed drug formulary

Fluor Canada shares journey of move to managed drug formulary

Alongside Fluor Canada’s recent move to a flexible benefits plan, it also introduced a managed drug formulary, which includes generic substitution, prior authorization, lifetime maximums…

OMERS leading $227-million funding for AI company

OMERS leading $227-million funding for AI company

The Ontario Municipal Employees Retirement System, through OMERS Growth Equity, is leading a $227 million Series-F funding round for intelligent and predictive search technologies provider…

  • By: Staff
  • November 7, 2019 November 12, 2020
  • 09:45
Which global bonds to consider in today’s interest rate environment

Which global bonds to consider in today’s interest rate environment

As market uncertainty causes a slowdown in Europe’s economy, an accommodating central bank and negative interest rates are making its bond markets more attractive to…

Great-West Life adding Koho spending account to group retirement plans

Great-West Life adding Koho spending account to group retirement plans

In tandem with Financial Literacy Month, Great-West Life Assurance Co. is adding Koho’s full-service spending account to select group retirement savings plans. The accounts are…

  • By: Staff
  • November 7, 2019 November 12, 2020
  • 08:00
Mercer rolling out all-in-one well-being platform

Mercer rolling out all-in-one well-being platform

Mercer is launching an all-in-one digital platform that gives employees access to a variety of wellness vendors to support their physical, mental, financial or social well-being. Mercer…

Ontario pension bill includes changes to e-communications, missing members

Ontario pension bill includes changes to e-communications, missing members

With the introduction of Bill 132 in the Ontario legislature last week, pension plan sponsors should be aware of a number of amendments coming to…

  • By: Staff
  • November 6, 2019 November 30, 2020
  • 15:15
PSP investing in U.K. real estate; Caisse in medical startup fund, Indian infrastructure

PSP investing in U.K. real estate; Caisse in medical startup fund, Indian infrastructure

The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest £250 million in a commercial property in Cambridge, U.K. The agreement marks the…

  • By: Staff
  • November 6, 2019 November 12, 2020
  • 09:30
Focusing on innovation helps CPPIB thrive in tricky markets

Focusing on innovation helps CPPIB thrive in tricky markets

While markets remain in the longest bull run in history, worries abound that the party has to come to an end. “Interest rates have been…

How pension policy reform in Asia is addressing retirement income security

How pension policy reform in Asia is addressing retirement income security

Governments in Asia are stepping up their pension reforms to boost retirement savings adequacy, potentially generating business opportunities for asset managers operating in the region.…

  • By: Staff
  • November 6, 2019 February 23, 2021
  • 09:00
Empire Life partnering with insurtech company on platform for TPAs

Empire Life partnering with insurtech company on platform for TPAs

The Empire Life Insurance Co. is partnering with Rimouski, Que.-based insurtech company Magik-Net to build a real-time platform for third-party administrators. The platform aims to help TPAs…

  • By: Staff
  • November 5, 2019 November 12, 2020
  • 15:15
Canadian DB plans return median 1.7 per cent in Q3

Canadian DB plans return median 1.7 per cent in Q3

Canadian defined benefit pension plans posted a median 1.7 per cent return in the third quarter of 2019, down from 2.7 per cent in the…

  • By: Staff
  • November 5, 2019 November 12, 2020
  • 15:00
How one Niagara Casinos employee advocated for continuous glucose monitoring coverage

How one Niagara Casinos employee advocated for continuous glucose monitoring coverage

When it came to asking his employer to add continuous glucose monitoring to its benefits package, John Whitehead, a level-two food server at Niagara Casinos,…

Can machine learning help active managers outperform passive peers?

Can machine learning help active managers outperform passive peers?

Active investors should combine their own analytical work with the use of machine learning to get a leg up on their passive peers, according to a new paper. Fiona…