Latest news in Benefits Canada News

OMERS acquires U.S. medical manager, Caisse takes on office venture

The Ontario Municipal Employees Retirement System is acquiring California-based medical management company Paradigm Outcomes. The existing majority owner, Summit Partners, will continue to be a…

  • By: Staff
  • September 20, 2018 January 13, 2021
  • 16:00

CAP sponsors not satisfied with retirement products in Canadian market

Canadian plan sponsors aren’t satisfied with the retirement products available for capital accumulation plans and aren’t especially confident their members will have the income they…

40% of employers support a compressed work week: survey

40% of employers support a compressed work week: survey

Forty per cent of Canadian advertising and marketing managers said a compressed work week would increase employee productivity, according to a new report by the Creative Group.…

  • By: Staff
  • September 19, 2018 September 13, 2019
  • 15:15

Pension plans turning to alternatives for steady returns amid ultra-low bond yields

Alternative asset funds are adapting to keep pace with the significant and growing demand from investors, according to new research by the Alternative Investment Management Association.…

  • By: Staff
  • September 19, 2018 January 13, 2021
  • 15:00

Do longer legislated maternity leaves affect a woman’s career?

A new study in the Journal of Applied Psychology looked at the underlying negative effects of longer legislated maternity leaves on a woman’s career. Defining leaves as…

  • By: Staff
  • September 19, 2018 May 20, 2021
  • 09:00
Only 3% of workers have never worked from home, finds survey

Only 3% of workers have never worked from home, finds survey

The option for employees to work remotely is becoming more common, with just three per cent of global office workers reporting they’ve never worked from home,…

  • By: Staff
  • September 19, 2018 September 13, 2019
  • 09:00

Time to see climate change mitigation as economic opportunity: Sabia

One of Canada’s largest pension fund managers says trillions of dollars should be shifted into investments that will counter global warming, in part because it’s crucial to…

82% of global employers planning to review pay equity, gender pay: survey

82% of global employers planning to review pay equity, gender pay: survey

The majority (82 per cent) of global employers are planning to conduct a gender pay or pay equity review in the next three years, according to a new…

  • By: Staff
  • September 18, 2018 September 13, 2019
  • 16:00
Employers have role in mitigating impact of financial stress: report

Employers have role in mitigating impact of financial stress: report

Stress related to financial well-being has a major impact on the workforce, according to a new report by Arthur J. Gallagher and Co. With Canadians loaded down by…

  • By: Staff
  • September 18, 2018 September 13, 2019
  • 16:00
Longer living Canadians need option of standalone longevity insurance: report

Longer living Canadians need option of standalone longevity insurance: report

Longer living Canadians should have the option of pure longevity insurance and the government should facilitate Canadian insurers’ ability to offer it, according to a new…

  • By: Staff
  • September 18, 2018 September 13, 2019
  • 10:28
Ontario Teachers’ appoints managing director of technology infrastructure

Ontario Teachers’ appoints managing director of technology infrastructure

The Ontario Teachers’ Pension Plan has named Steve Buck as its new managing director of technology infrastructure. In the role, Buck will be responsible for…

  • By: Staff
  • September 18, 2018 September 13, 2019
  • 09:57

$1.5M settlement for Muslim workers fired in prayer dispute

A large U.S. meatpacker has agreed to pay $1.5 million to 138 Somali-American Muslim workers who were fired from their jobs at a Colorado plant after…

85% of Canadians agree mental-health services are underfunded: survey

85% of Canadians agree mental-health services are underfunded: survey

Eighty-five per cent of Canadians said mental-health services are among the most underfunded in the health-care system, according to a new survey commissioned by the Canadian Mental Health Association.…

  • By: Staff
  • September 17, 2018 September 13, 2019
  • 10:30
Benefits Alliance Group highlights conflicts of interest in CLHIA’s compensation disclosure guideline

Benefits Alliance Group highlights conflicts of interest in CLHIA’s compensation disclosure guideline

The Canadian Life and Health Insurance Association’s compensation disclosure guideline doesn’t adequately provide for transparency, according to a letter submitted by the Benefits Alliance Group Inc.…

  • By: Staff
  • September 17, 2018 September 13, 2019
  • 10:25
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Divergence could indicate volatility on the horizon

Broad examples of divergence, across many asset classes and geographies, could be an indicator that markets are headed for more turmoil than the surface appearance currently…

Agreement for Toronto Marriott staff includes expanded benefits for dependants of part timers

Agreement for Toronto Marriott staff includes expanded benefits for dependants of part timers

Unifor members who work at the Toronto Marriott Bloor Yorkville have voted overwhelmingly to ratify a new collective agreement, which includes expanded benefits for dependants of…

  • By: Staff
  • September 17, 2018 September 13, 2019
  • 08:30

World’s largest public pensions differ widely on addressing climate change

Just one Canadian pension fund ranked in the top 20 global funds based on their responses to the recommendations of the task force on climate-related…

  • By: Staff
  • September 14, 2018 January 13, 2021
  • 09:30
Just 7% of U.S. workers pay no deductible for health plan: survey

Just 7% of U.S. workers pay no deductible for health plan: survey

Among American employees enrolled in an employer-sponsored health plan, just seven per cent pay no deductible, according to a new survey by the International Foundation of Employee…

  • By: Staff
  • September 13, 2018 September 13, 2019
  • 15:15
Value of assets in trusteed pension funds up 3% in first quarter: Stats Can

Value of assets in trusteed pension funds up 3% in first quarter: Stats Can

The market value of assets held by Canadian trusteed pension funds rose to $1.9 trillion in the first quarter of 2018, up from about $1.85…

  • By: Staff
  • September 13, 2018 September 13, 2019
  • 15:00
Feds agree to $100-million settlement in veterans’ disability pension lawsuit

Feds agree to $100-million settlement in veterans’ disability pension lawsuit

The federal government has agreed in principle to pay $100 million to settle a four-year lawsuit with veterans who say they were discriminated against when the…

  • By: Staff
  • September 13, 2018 September 13, 2019
  • 14:30
Public drug plan spending continues upward trend: PMPRB

Public drug plan spending continues upward trend: PMPRB

Public drug plan spending continued its upward trend in 2016-17, though at a much slower rate rather in 2015-16, according to a new report by the Patented Medicine…

  • By: Staff
  • September 13, 2018 September 13, 2019
  • 09:30
Some McDonald’s workers vote to strike over sexual harassment

Some McDonald’s workers vote to strike over sexual harassment

Emboldened by the #MeToo movement, McDonald’s workers have voted to stage a one-day strike next week at restaurants in 10 cities in hopes of pressuring…

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Franklin Templeton appoints new CIO of fixed income

Franklin Templeton Investments Corp. has appointed Sonal Desai as chief investment officer of its fixed income group, effective Dec. 31, 2018. With more than 10 years…

  • By: Staff
  • September 12, 2018 January 13, 2021
  • 16:10

CIBC launches women in leadership bond aimed at institutional investors

The Canadian Imperial Bank of Commerce is launching a Canadian bond framework focused on a commitment to promoting women in corporate leadership roles. The bond framework…

  • By: Staff
  • September 12, 2018 January 13, 2021
  • 16:00
Manulife appoints new chief HR officer

Manulife appoints new chief HR officer

Manulife Financial Corp. has appointed Pamela Kimmet to the role of chief human resources officer, effective Oct. 1. Kimmet most recently served as chief HR officer…

  • By: Staff
  • September 12, 2018 September 13, 2019
  • 10:24