Latest news in Benefits Canada News

Willis Towers Watson completes acquisition of Canadian investment manager

Willis Towers Watson completes acquisition of Canadian investment manager

Willis Towers Watson has completed its acquisition of Integra Capital Ltd., a Canadian investment management company. “Our multiyear partnership with Integra Capital has been successful…

  • By: Staff
  • February 4, 2019 September 13, 2019
  • 15:00

CPPIB joins other investors to acquire HR software company

The Canada Pension Plan Investment Board is joining several other investors in purchasing Ultimate Software, a human capital management solutions provider. Led by private equity firm…

  • By: Staff
  • February 4, 2019 January 12, 2021
  • 10:30
Women worried having children hinders career advancement: survey

Women worried having children hinders career advancement: survey

While most employees agree working mothers bring value to the workplace and make strong leaders, women still find having children negatively affects their career, according to a…

  • By: Staff
  • February 4, 2019 September 13, 2019
  • 09:15
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How will OHIP+ rollback affect plan sponsors?

The Ontario government is proposing a rollback of OHIP+, which would restrict the free prescription drug coverage program to dependants under age 25 who aren’t…

Discount rates used by public pensions too high: report

Discount rates used by public pensions too high: report

The high discount rates used by many Canadian public-sector pension plans increase the risk they won’t have enough funds to meet future obligations, according to new…

  • By: Staff
  • February 1, 2019 September 13, 2019
  • 15:30
What are the implications of pharmacare reform for private drug plans?

What are the implications of pharmacare reform for private drug plans?

As the federal government continues its consultations on a national pharmacare system, many questions are still up in the air. Will the new system follow a single-payer model?…

  • By: Jann Lee
  • February 1, 2019 September 13, 2019
  • 09:30
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How behind are investors on climate change?

“Climate change is a weapon of mass destruction,” said Sandra Carlisle, head of responsible investment at HSBC Global Asset Management, at a panel hosted by…

Mental Health Commission launches toolkit for building inclusive work culture

Mental Health Commission launches toolkit for building inclusive work culture

The Mental Health Commission of Canada has launched a toolkit to help employers build an inclusive workplace. The toolkit outlines strategies and actions organizations can take…

  • By: Staff
  • February 1, 2019 September 13, 2019
  • 08:45
Postmedia signs agreement to merge pension plans with CAAT

Postmedia signs agreement to merge pension plans with CAAT

Postmedia Network Inc. has entered an agreement to merge its pension plans with the Colleges of Applied Arts and Technology pension plan. The merger of the Postmedia plans…

New contract for CN Rail mechanics includes benefits improvements

New contract for CN Rail mechanics includes benefits improvements

The union representing Canadian National Railway mechanics, electricians and apprentices in Canada says workers have ratified a new collective agreement that will provide improvements to…

Conference coverage: 2019 Investor Insight Breakfast

Conference coverage: 2019 Investor Insight Breakfast

Benefits Canada’s inaugural Investor Insight Breakfast, held on Jan. 10 in Toronto, highlighted the expectations and projections for the 2019 investment climate, including opportunities for…

  • By: Staff
  • February 1, 2019 January 12, 2021
  • 08:00
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Typical recession signposts yet to materialize, despite ‘worrying corners of the financial system’

For those worried the cycle is about to turn, it’s important to remember there’s no established length for a market cycle, said Avery Shenfeld, managing…

Flexible annuity options, drug reform on CLHIA’s budget wish list

Flexible annuity options, drug reform on CLHIA’s budget wish list

The introduction of more flexible annuity options for capital accumulation plans and reform to prescription drug coverage are among the recommendations by the Canadian Life and Health…

  • By: Staff
  • January 31, 2019 September 13, 2019
  • 09:15

Russell Investments appoints new global CIO

Russell Investments is appointing Peter Gunning as its global chief investment officer. Gunning had assumed the role on an interim basis when Jeff Hussey left the firm in…

  • By: Staff
  • January 30, 2019 January 12, 2021
  • 15:55
Disconnect between baby boomer, employer perspectives on working in retirement: survey

Disconnect between baby boomer, employer perspectives on working in retirement: survey

Baby boomers want to keep working in retirement, but most said their company doesn’t offer the option, according to a poll by research firm Harris Insights…

  • By: Staff
  • January 30, 2019 September 13, 2019
  • 15:45
RRSP holdings on the rise, driven by millennial savers: study

RRSP holdings on the rise, driven by millennial savers: study

Despite market turmoil, Canadians are saving more in their registered retirement savings plans, led by strong growth among millennials, according to the Bank of Montreal’s annual RRSP…

Workplace stress on the rise as mental-health stigma declines: survey

Workplace stress on the rise as mental-health stigma declines: survey

Workplace stress is on the rise and employees are feeling the pressure, according to new research by Morneau Shepell Ltd. In a survey of employees…

  • By: Staff
  • January 30, 2019 September 13, 2019
  • 10:30

Ivanhoé Cambridge, Oxford Properties team up to buy U.S. logistics real estate developer

The real estate investing arms of the Caisse de dépôt et placement du Québec and the Ontario Municipal Employees Retirement System are teaming up to invest…

  • By: Staff
  • January 30, 2019 January 12, 2021
  • 09:45
Union objects to University of Saskatchewan’s bid to replace DB plan

Union objects to University of Saskatchewan’s bid to replace DB plan

The union representing 1,900 non-academic workers at the University of Saskatchewan is raising objections to a proposal the school has tabled to eliminate its defined benefit…

  • By: Staff
  • January 30, 2019 September 13, 2019
  • 09:30
Dubious chiropractic claims show need for more scrutiny on paramedical expenses

Dubious chiropractic claims show need for more scrutiny on paramedical expenses

Not all chiropractors practice according to the same philosophy. This is leading some in the benefits industry to believe more scrutiny is necessary when it comes to paramedical…

  • By: Jann Lee
  • January 30, 2019 September 13, 2019
  • 09:00
Eckler acquires Employee Financial Well-being

Eckler acquires Employee Financial Well-being

Eckler Ltd. is acquiring independent financial wellness company Employee Financial Well-being. Since 2011, Employee Financial Well-Being has provided financial education and training to employees across Canada.  In…

  • By: Staff
  • January 29, 2019 September 13, 2019
  • 15:45
Woman charged with taking deceased parents’ pension benefits

Woman charged with taking deceased parents’ pension benefits

The Royal Canadian Mounted Police is charging a 60-year-old London, Ont., woman after an investigation revealed she benefited from her parents’ pension payments long after they passed…

  • By: Jann Lee
  • January 29, 2019 September 13, 2019
  • 09:00
Annuity buyout most common pension de-risking strategy among U.S. plans: survey

Annuity buyout most common pension de-risking strategy among U.S. plans: survey

Three-quarters (76 per cent) of U.S. defined benefit plan sponsors with de-risking goals intend to completely divest all of their DB plan liabilities at some point…

  • By: Staff
  • January 28, 2019 September 13, 2019
  • 15:30
Class action lawsuit alleges miscalculation of veterans’ disability pensions

Class action lawsuit alleges miscalculation of veterans’ disability pensions

Koskie Minsky LLP launched a class action lawsuit on Friday on behalf of all veterans who were in receipt of disability pensions or disability awards between…

  • By: Staff
  • January 28, 2019 September 13, 2019
  • 15:15
Flexible working, harassment prevention among leading HR trends

Flexible working, harassment prevention among leading HR trends

Flexibility working, harassment prevention, pay transparency and a reliance on soft skills are the main trends affecting Canadian human resources leaders, according to a new report…

  • By: Staff
  • January 28, 2019 September 13, 2019
  • 09:00