Latest news in Benefits Canada News

FSCO publishes chart with five scenarios under new DB pension funding regime

FSCO publishes chart with five scenarios under new DB pension funding regime

In response to its new defined benefit pension funding regime, the Financial Services Commission of Ontario has developed a chart illustrating the rules applicable in five…

  • By: Staff
  • August 30, 2018 September 13, 2019
  • 09:20
Are eSports the next growth sector for institutional investments?

Are eSports the next growth sector for institutional investments?

eSports could be the next big growth sector, drawing the attention of institutional investors, according to a new report by Greystone Managed Investments Inc. The…

  • By: Staff
  • August 30, 2018 September 13, 2019
  • 09:15
Pacific Blue Cross names John Crawford president and CEO

Pacific Blue Cross names John Crawford president and CEO

Pacific Blue Cross has appointed John Crawford as its president and chief executive officer. Crawford took over as interim president and chief executive officer in November…

  • By: Staff
  • August 29, 2018 September 13, 2019
  • 09:50
Proposed federal regime for unclaimed pension balances flawed: CLHIA

Proposed federal regime for unclaimed pension balances flawed: CLHIA

The federal government’s proposed framework for unclaimed pension balances is fundamentally flawed, according to the Canadian Life and Health Insurance Association. In a letter to…

  • By: Staff
  • August 29, 2018 September 13, 2019
  • 09:30
My Take: Should employers offer pet insurance?

My Take: Should employers offer pet insurance?

When my fiancée and I decided to get a puppy in July, one of the first decisions we faced was whether or not to get pet…

  • By: Ryan Murphy
  • August 28, 2018 September 13, 2019
  • 16:30
Mercer Canada adds Virginie Gosselin to total health management team

Mercer Canada adds Virginie Gosselin to total health management team

Mercer Canada has appointed Virginie Gosselin as principal consultant on its total health management team. With more than 15 years of benefits consulting experience, Gosselin has led the development and…

  • By: Staff
  • August 28, 2018 September 13, 2019
  • 09:38
Canadians’ cannabis spending increases 1.2% in second quarter

Canadians’ cannabis spending increases 1.2% in second quarter

For investors interested in cannabis, new Statistics Canada figures provide insight on consumption and retail prices, which are increasing and decreasing, respectively. Canadian household expenditures…

Weyerhaeuser to offer lump-sum pension payments to staff, buy group annuity

Weyerhaeuser to offer lump-sum pension payments to staff, buy group annuity

The Weyerhaeuser Co. is putting in action a number of steps to reduce its U.S. defined benefit pension liabilities while maintaining the plan’s current funded…

  • By: Staff
  • August 27, 2018 September 13, 2019
  • 17:00
Employers more confident than staff about prospect of comfortable retirement: survey

Employers more confident than staff about prospect of comfortable retirement: survey

While 71 per cent of American employers said they’re confident their employees will have a financially secure retirement, just 62 per cent of employees said the same,…

  • By: Staff
  • August 27, 2018 September 13, 2019
  • 16:45
Sounding Board: How the APS Corp. uses analytics for more efficient pension services

Sounding Board: How the APS Corp. uses analytics for more efficient pension services

Three years ago, the Alberta Pensions Services Corp. was facing a bitter fact. Though one of our key corporate goals is to begin paying benefits…

High-cost drugs account for 26% of private plan costs in 2017: PMPRB

High-cost drugs accounted for 41.6 per cent of patented medicine sales in 2017, up from 8.3 per cent a decade earlier, according to the Patented…

  • By: Staff
  • August 24, 2018 March 31, 2021
  • 09:15
How are retirement solutions affected by wealthier Canadians living longer?

How are retirement solutions affected by wealthier Canadians living longer?

While Canadians’ increasing longevity has been a growing issue for pension plans and providers alike, its effect on quality of living can vary significantly across income…

  • By: Staff
  • August 24, 2018 September 13, 2019
  • 09:00
Caisse ups stake in European multi-technical service provider

Caisse ups stake in European multi-technical service provider

The Caisse de dépôt et placement du Québec has purchased 5.84 million additional shares in SPIE, a European multi-technical services provider. The investment, which totals more…

  • By: Staff
  • August 23, 2018 September 13, 2019
  • 16:45
T. Rowe Price appoints new head of DC sales, intermediaries

T. Rowe Price appoints new head of DC sales, intermediaries

T. Rowe Price Group Inc. has appointed Lauren Bloom as head of defined contribution sales and intermediaries in Canada. Based out of Toronto, Bloom will lead sales…

  • By: Staff
  • August 23, 2018 September 13, 2019
  • 16:15
Retirement program for non-profit sector seeking feedback on plan design

Retirement program for non-profit sector seeking feedback on plan design

The Common Good Retirement Initiative is seeking feedback on the design of a collective retirement plan for Canadian employees in the non-profit and charitable sector. The initiative,…

  • By: Staff
  • August 23, 2018 September 13, 2019
  • 15:00
Court allows terminated employee to continue appeal for LTD benefits

Court allows terminated employee to continue appeal for LTD benefits

An Ontario court is allowing a terminated employee to continue with an action for long-term disability benefits despite signing a document that released such claims. When…

CPPIB invests further in Chinese logistics partnership

CPPIB invests further in Chinese logistics partnership

The Canada Pension Plan Investment Board is making an additional investment in the Goodman China Logistics Partnership, bringing its total equity commitment to US$5 billion. The partnership, established in…

  • By: Staff
  • August 23, 2018 September 13, 2019
  • 09:59
Lost, damaged prescriptions cost Canadians $35M in productivity, travel last year: study

Lost, damaged prescriptions cost Canadians $35M in productivity, travel last year: study

Lost or damaged prescriptions cost Canadians more than $35 million in productivity, extra travel and time spent filling prescriptions and the potential for adverse health…

  • By: Staff
  • August 22, 2018 September 13, 2019
  • 16:15
N.B. public service pension board awards cost of living increase

N.B. public service pension board awards cost of living increase

The New Brunswick Public Service Pension Plan is providing a full cost of living adjustment to its almost 38,000 members for the sixth straight year.…

  • By: Staff
  • August 22, 2018 September 13, 2019
  • 16:00
Canada Infrastructure Bank loans $1.28BN to Montreal light-rail project

Canada Infrastructure Bank loans $1.28BN to Montreal light-rail project

The Caisse de dépôt et placement du Québec’s subsidiary CDPQ Infra has reached an agreement with the Canada Infrastructure Bank for the latter to invest…

  • By: Staff
  • August 22, 2018 September 13, 2019
  • 15:45
OTPP posts 3.2% return for first half of 2018 amid more volatile markets

OTPP posts 3.2% return for first half of 2018 amid more volatile markets

The Ontario Teachers’ Pension Plan posted a net return of 3.2 per cent for the first half of 2018, adding $4.4 billion to the plan…

Starseed Medicinal to supply medical marijuana to Shoppers Drug Mart

Starseed Medicinal to supply medical marijuana to Shoppers Drug Mart

Starseed Medicinal Inc. has reached an agreement to be the medical cannabis supplier for Shoppers Drug Mart Corp. The agreement is subject to Health Canada’s approval…

  • By: Staff
  • August 22, 2018 September 13, 2019
  • 09:43
40% of precarious workers in Canada have access to pension, RRSP: report

40% of precarious workers in Canada have access to pension, RRSP: report

Only 40 per cent of Canadians who are classified as precarious workers have access to pension plans or registered retirement savings plans, compared to 85 per cent of…

  • By: Staff
  • August 22, 2018 September 13, 2019
  • 09:00
One-quarter of Canadians say exercise prohibited by finances: survey

One-quarter of Canadians say exercise prohibited by finances: survey

More than a quarter (26 per cent) of Canadians say the financial cost of exercise can be prohibitive or necessitates compromising their budget, according to…

  • By: Staff
  • August 21, 2018 September 13, 2019
  • 17:53
Accompass adds Chris Raposo to benefits practice

Accompass adds Chris Raposo to benefits practice

Accompass Inc. has appointed Chris Raposo as a consultant in its benefits and health practice.  He joins the firm with 13 years of group benefits experience at…

  • By: Staff
  • August 21, 2018 September 13, 2019
  • 17:44