Latest news in Benefits Canada News

Mental and emotional health spilling over to financial stress: study

Mental and emotional health spilling over to financial stress: study

Stress hurts, and it’s not just about mental and emotional health strain, it’s also about financial stress, according to a workforce well-being survey by Buck Consultants.…

Leadership gender gap continues to persist globally: study

Leadership gender gap continues to persist globally: study

The leadership gender gap in the global workplace continues to persist because organizations aren’t making the advancement of women a formal business priority, according to a…

  • By: Staff
  • March 8, 2019 September 13, 2019
  • 15:30
CAAT boosts funded status, lowers discount rate

CAAT boosts funded status, lowers discount rate

The Colleges of Applied Art and Technology pension plan boosted its funding reserve to $2.6 billion, raising its funded status to 120 per cent on…

  • By: Staff
  • March 8, 2019 September 13, 2019
  • 15:15
Nearly 40,000 veterans waiting for disability benefits as backlog keeps growing

Nearly 40,000 veterans waiting for disability benefits as backlog keeps growing

Despite repeated promises to fix the mess, the number of veterans waiting to find out whether they qualify for disability benefits has continued to grow,…

Back to basics on private credit

Canadian institutional investors are taking on more private credit, both as a replacement for equity, as well as a tool to enhance their fixed income…

Physical workers face retirement challenges as longevity rises: survey

Physical workers face retirement challenges as longevity rises: survey

As longevity increases around the world, the solution of simply working longer is especially troublesome for workers with physically demanding jobs, according to the latest Aegon…

  • By: Staff
  • March 8, 2019 September 13, 2019
  • 08:50
Green Shield launches fraud detection, prevention strategy based on AI

Green Shield launches fraud detection, prevention strategy based on AI

Green Shield Canada is partnering with HBM+’s health benefits management solutions provider division to introduce an artificial intelligence-based fraud detection strategy. Under the new Claim…

  • By: Staff
  • March 8, 2019 September 13, 2019
  • 08:20
CAPSA updates guidelines on DC plan payout, responsibilities and advice

CAPSA updates guidelines on DC plan payout, responsibilities and advice

The Canadian Association of Pension Supervisory Authorities has published an updated version of its guideline No. 8 for defined contribution plans, focusing on three main…

Expert panel on pharmacare suggests harmonized national drug formulary

Expert panel on pharmacare suggests harmonized national drug formulary

The advisory council on the implementation of national pharmacare has submitted its interim report to the federal government. The report sets out three initial recommendations for…

  • By: Staff
  • March 6, 2019 September 13, 2019
  • 15:00
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IMCO appoints CPPIB vet as new head of public equity, credit

The Investment Management Corp. of Ontario is appointing Christian Hensley as the new senior managing director of public equities and credit, effective April 9, 2019. His previous experience…

  • By: Staff
  • March 6, 2019 January 12, 2021
  • 14:45
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Back to basics on private credit

Canadian institutional investors are taking on more private credit, both as a replacement for equity, as well as a tool to enhance their fixed-income allocations,…

OSFI appoints new chief actuary

OSFI appoints new chief actuary

The Office of the Superintendent of Financial Institutions’ office of the chief actuary has appointed Assia Billig as chief actuary, effective April 15, 2019. She will…

  • By: Staff
  • March 6, 2019 September 13, 2019
  • 09:30

Employers urged to prepare for incoming EI parental sharing benefit

With the federal government’s new employment insurance parental sharing benefit taking effect in a couple of weeks, employers are being advised to prepare for the changes. “Employers…

Wabush Mines retirees to regain portion of cut pension benefits

Wabush Mines retirees to regain portion of cut pension benefits

Wabush Mines pensioners in Newfoundland and Quebec will see some reversal of the pension cuts that went into effect when the operations’ parent company filed…

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Caisse to invest in Indian financial services company

The Caisse de dépôt et placement du Québec is investing about US$250 million in ECL Finance Ltd., the non-banking arm of Edelweiss Financial Services. The investment…

  • By: Staff
  • March 5, 2019 January 12, 2021
  • 15:30
Empire Life launching retirement and savings tool

Empire Life launching retirement and savings tool

The Empire Life Insurance Co. has developed an interactive tool to help Canadians move towards achieving their retirement and savings goals. The tool, which plan sponsors…

  • By: Staff
  • March 5, 2019 September 13, 2019
  • 15:15
Women’s workplace contributions aren’t always visible: study

Women’s workplace contributions aren’t always visible: study

In male-dominated sectors, women often feel isolated or held to an unreasonably high standard, since mistakes or failures may be attributed to gender, according to a…

Hub International acquires assets of Integrated Risk Solutions

Hub International Ltd. has acquired the assets of employee benefits and commercial insurance firm Integrated Risk Solutions Inc. Based in Waukesha, Wis., Integrated Risk specializes in…

  • By: Staff
  • March 4, 2019 December 3, 2020
  • 15:05
Ontario’s new DB funding rules should base PfAD on plan’s asset mix: ACPM

Ontario’s new DB funding rules should base PfAD on plan’s asset mix: ACPM

In Ontario’s new defined benefit plan funding rules, the provisions for adverse deviation should be based on the plan’s asset mix, and a riskier asset…

  • By: Staff
  • March 4, 2019 September 13, 2019
  • 15:00
New resource available to help Ontario employers address workplace mental health

New resource available to help Ontario employers address workplace mental health

Mental Health Works has developed a free resource that is now available to help employers and managers of Ontario businesses looking for ways to address…

  • By: Staff
  • March 4, 2019 September 13, 2019
  • 14:28
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Why the jointly sponsored UPP is the right pension for the university sector

The single-employer defined benefit model doesn’t work for the university sector for one clear reason, says Cynthia Messenger, president of the University of Toronto’s Faculty…

Canadian group annuity sales soar to record highs in 2018: report

Canadian group annuity sales soar to record highs in 2018: report

Group annuity sales in Canada topped out at a record high of $4.6 billion in 2018, beating 2017’s sales of $3.7 billion, according to the…

  • By: Staff
  • March 4, 2019 September 13, 2019
  • 09:22
Great-West Life partners with Shoppers Drug Mart for medical cannabis coaching program

Great-West Life partners with Shoppers Drug Mart for medical cannabis coaching program

The Great-West Life Assurance Co. is expanding its coverage of medical cannabis, which includes a new agreement with Shoppers Drug Mart Inc., to deliver its medical cannabis…

  • By: Staff
  • March 4, 2019 September 13, 2019
  • 09:00
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OPTrust partners to buy Toronto real estate, OTPP takes stake in vehicle tech company

The OPSEU Pension Trust is partnering with several investment firms to buy three buildings in the downtown Toronto financial district. The properties are anchored to…

  • By: Staff
  • March 4, 2019 January 12, 2021
  • 08:00
65% of Canadians would take cannabis if covered by insurance

65% of Canadians would take cannabis if covered by insurance

Two-thirds (65 per cent) of Canadians would take a drug containing cannabis if it were prescribed by a doctor, approved by Health Canada and covered by…

  • By: Staff
  • March 1, 2019 September 13, 2019
  • 15:15