Latest news in Benefits Canada News

Canadian DB plans post median 2.5% return in Q2

Canadian DB plans post median 2.5% return in Q2

Canadian defined benefit plans posted a median return of 2.5 per cent during the second quarter of 2019, according to data by Northern Trust Corp.…

  • By: Staff
  • July 31, 2019 November 12, 2020
  • 08:50
CPPIB, BCI taking stakes in separate health-care technology companies

CPPIB, BCI taking stakes in separate health-care technology companies

The Canada Pension Plan Investment Board, along with investment firm EQT Partners, is acquiring a majority stake in Waystar Inc. from Bain Capital valued at $2.7…

  • By: Staff
  • July 30, 2019 November 12, 2020
  • 09:45
Could Quebec’s public drug plan work for national pharmacare?

Could Quebec’s public drug plan work for national pharmacare?

Quebec’s universal pharmacare program offers better drug coverage and quicker approval for new drugs coming to market than the rest of Canada, according to a…

Ratio of younger, older workers at parity: StatsCan

Ratio of younger, older workers at parity: StatsCan

As of 2018, there was one Canadian worker over the age of 55 for every worker between the ages of 25 and 34, according to…

  • By: Staff
  • July 30, 2019 November 12, 2020
  • 09:00
First State Super, VicSuper looking to merge

First State Super, VicSuper looking to merge

For pension plans, consolidation can come with benefits. Around the world, funds are announcing they’re moving forward with plans to merge. In Canada, faculty associations at the University…

  • By: Staff
  • July 29, 2019 November 30, 2020
  • 15:00
RIA sets up responsible investing marketplace for Canadian investors

RIA sets up responsible investing marketplace for Canadian investors

The Responsible Investment Association is creating a hub for investors looking for advice on responsible investing and related investment options and services. The RI Marketplace,…

  • By: Staff
  • July 29, 2019 November 12, 2020
  • 10:00
People of colour in corporate Canada experiencing ’emotional tax:’ study

People of colour in corporate Canada experiencing ’emotional tax:’ study

Canadian people of colour, specifically employees who identify as black, East Asian and South Asian, are experiencing high levels of “emotional tax,” according to a…

  • By: Staff
  • July 29, 2019 November 12, 2020
  • 09:00
Union agreement for legal aid workers includes vision care, sick leave

Union agreement for legal aid workers includes vision care, sick leave

Legal aid workers who are members of the Canadian Union of Public Employees Local 1949 have signed a tentative agreement that includes an increase in vision care…

  • By: Staff
  • July 29, 2019 November 12, 2020
  • 08:15
Franklin Templeton adds new CIO to global equity group

Franklin Templeton adds new CIO to global equity group

Franklin Templeton Investments Corp. is appointing Alan Bartlett as chief investment officer of its global equity group. When he begins the new role in October, Bartlett will replace…

  • By: Staff
  • July 26, 2019 November 12, 2020
  • 15:00
Paternity leave can improve mothers’ overall health: study

Paternity leave can improve mothers’ overall health: study

When fathers take paternity leave, it can actually benefit the health of new mothers, according to a study by economists at Stanford University. The study looked…

  • By: Staff
  • July 26, 2019 November 12, 2020
  • 09:59
How will Boris Johnson as PM affect institutional investors?

How will Boris Johnson as PM affect institutional investors?

As institutional investors continue to wait for Brexit, will anything change as Boris Johnson becomes prime minister? Mere months ago, the consensus was Britain would…

Mercer Canada appoints principal advisor to health team

Mercer Canada appoints principal advisor to health team

Mercer Canada has appointed Myriam Bélanger as a principal advisor on its health team. Based in the organization’s Montreal office, she’ll be responsible for managing group benefits plans of various sizes…

  • By: Staff
  • July 25, 2019 November 12, 2020
  • 15:00
Lessons from 2019’s proxy voting season

Lessons from 2019’s proxy voting season

Institutional investors are focusing on board diversity and an increased clarity of communication with their portfolio companies, according to a new report by EY. The…

  • By: Staff
  • July 25, 2019 February 23, 2021
  • 09:45
‘Historic settlement’ for female armed forces, national defence staff in sexual harassment case

‘Historic settlement’ for female armed forces, national defence staff in sexual harassment case

The federal government has reached a tentative settlement on multiple class action lawsuits filed by current and former female and male members of the Canadian…

Canadian employment rises 1.8% as economies reopen: Stats Can

Institutional investors calling on cement makers to address high carbon output

A group of institutional investors representing US$2 trillion in assets under management is calling on the cement industry to do better on their carbon emissions.…

  • By: Staff
  • July 25, 2019 February 23, 2021
  • 08:30
Drug claims expected to rise in 2019: survey

Drug claims expected to rise in 2019: survey

Plan sponsors can expect to see a three to five per cent increase in prescription drug claims in 2019, according to Buck’s annual Canadian health-care…

  • By: Staff
  • July 24, 2019 November 12, 2020
  • 10:12
Nova Scotia’s PSSP generates 5.33% return for 2018/19

Nova Scotia’s PSSP generates 5.33% return for 2018/19

The Nova Scotia Public Service Superannuation Plan posted a 5.33 per cent return for the 2018/19 fiscal year, with $335 million in total investment income, according…

  • By: Staff
  • July 24, 2019 November 12, 2020
  • 09:00
What drives U.S. state-sponsored pension plans to take bigger risks?

What drives U.S. state-sponsored pension plans to take bigger risks?

What effect do low interest rates really have on how pension funds invest and what are the long-term consequences? When plan sponsors are underfunded, they have…

  • By: Staff
  • July 24, 2019 November 12, 2020
  • 08:30
FSRA creates new advisory committees on pension sector matters

FSRA creates new advisory committees on pension sector matters

The Financial Services Regulatory Authority is creating three new technical advisory committees, which will provide advice and feedback to the regulator on pension sector related matters…

  • By: Staff
  • July 23, 2019 November 30, 2020
  • 09:15
Behaviour analytics can be used to detect employee burnout: survey

Behaviour analytics can be used to detect employee burnout: survey

Behavioural analytics can be used to detect when employees are suffering from symptoms of burnout, according to a new survey by Gurucul, a global security and…

  • By: Staff
  • July 23, 2019 November 11, 2020
  • 09:00
Morneau Shepell names Mazen Shakeel vice-president

Morneau Shepell names Mazen Shakeel vice-president

Morneau Shepell Ltd. has appointed Mazen Shakeel as vice-president and practice leader for asset and risk management, effective July 2019. In the new role, he’ll assist plan…

  • By: Staff
  • July 22, 2019 November 12, 2020
  • 16:00
Employers expecting to use more freelancers, rely less on full-time staff: survey

Employers expecting to use more freelancers, rely less on full-time staff: survey

Employers are expecting to use an increasing number of contingent workers and correspondingly decrease their reliance on full-time employees, according to new research by Willis Towers Watson.…

  • By: Staff
  • July 22, 2019 November 12, 2020
  • 15:00
Are institutional portfolios prepared for the next market tumble?

Are institutional portfolios prepared for the next market tumble?

Institutional portfolios have been tilted towards growth assets as they’ve reached for higher returns during the bull market of the last decade. But as the…

Scotiabank looks to employee data to tackle gender diversity

Scotiabank looks to employee data to tackle gender diversity

When Scotiabank was looking to find new ways to close the gender gap, it turned to what it had been deploying in nearly every other facet of…

Taking a longer-term approach to private equity

Taking a longer-term approach to private equity

BlackRock Inc. is shaking up the private equity industry with a new longer-term approach to the asset class. In April, the firm announced it was…