Latest news in Benefits Canada News

BCI returns 9% in fiscal 2018, buoyed by global equities

BCI returns 9% in fiscal 2018, buoyed by global equities

The British Columbia Investment Management Corp. is reporting a nine per cent return for the fiscal year ending Mar. 31, 2018, a slight drop from its 12.4…

  • By: Staff
  • August 1, 2018 September 13, 2019
  • 14:30
CPPIB invests in Australian, New Zealand real estate debt

CPPIB invests in Australian, New Zealand real estate debt

The Canada Pension Plan Investment Board is providing more than $481 million of seed lending to Australian-based Challenger Investment Partners Ltd., a global fixed income and real…

  • By: Staff
  • August 1, 2018 September 13, 2019
  • 14:15
A primer on Sears Canada employees’ battle to protect their pensions

A primer on Sears Canada employees’ battle to protect their pensions

With former Sears Canada Inc.’ employees set to see a 30 per cent reduction in their pension benefits beginning Aug. 1, Benefits Canada looks back…

  • By: Staff
  • August 1, 2018 September 13, 2019
  • 09:00
AIMCo invests $140M in Brazilian water and sewage company

AIMCo invests $140M in Brazilian water and sewage company

The Alberta Investment Management Corp. is investing $140 million in Brazilian private equity firm IG4 Capital’s FIP Iguá, the controlling shareholder of water and sewage holding company Iguá…

  • By: Staff
  • July 31, 2018 September 13, 2019
  • 16:00
N.S. Pension Services Corp.’s plans improve funding in 2017

N.S. Pension Services Corp.’s plans improve funding in 2017

The Nova Scotia Pension Services Corp. finished 2017 with $11.5 billion in assets between the Public Service Superannuation Plan and the Teachers’ Pension Plan, according to its annual…

  • By: Staff
  • July 31, 2018 September 13, 2019
  • 15:30
Reimbursing benefits key unresolved issue for Veterans Affairs, says report card

Reimbursing benefits key unresolved issue for Veterans Affairs, says report card

Reimbursing benefits, accessing dental plans and designating death benefit beneficiaries are among the most important unresolved issues from a decade of recommendations by Veterans Affairs…

  • By: Staff
  • July 31, 2018 September 13, 2019
  • 15:25
Top 10 news stories of July 2018

Top 10 news stories of July 2018

There was a lot of news to share from the pension, investment, benefits and human resources industries this month. Here are the 10 most popular…

  • By: Staff
  • July 31, 2018 September 13, 2019
  • 10:00
CPPIB, AIMCo team up with industrial REIT to acquire U.S. logistics real estate

CPPIB, AIMCo team up with industrial REIT to acquire U.S. logistics real estate

The Canada Pension Plan Investment Board, the Alberta Investment Management Corp. and the WPT Industrial Real Estate Investment Trust are joining forces to aggregate a portfolio of U.S.…

  • By: Staff
  • July 31, 2018 September 13, 2019
  • 09:57
Manulife, Shoppers Drug Mart launch medical marijuana partnership

Manulife, Shoppers Drug Mart launch medical marijuana partnership

Manulife Financial Corp. is launching a medical marijuana program in partnership with Shoppers Drug Mart Corp. this fall. The program, which will be available for participating…

  • By: Staff
  • July 31, 2018 September 13, 2019
  • 09:26
71% of global employers offer wellness programs: survey

71% of global employers offer wellness programs: survey

Some 71 per cent of global employers have a defined wellness program for their employees, according to a new report by the Top Employers Institute. The survey, which…

  • By: Staff
  • July 30, 2018 September 13, 2019
  • 16:02
Report shows pension gap between B.C.’s government, private workers

Report shows pension gap between B.C.’s government, private workers

The vast majority (91.8 per cent) of British Columbia’s government employees were covered by a registered pension plan in 2017, compared to just 17.7 per…

  • By: Staff
  • July 30, 2018 September 13, 2019
  • 16:00
Lack of benefits biggest challenge of gig economy: survey

Lack of benefits biggest challenge of gig economy: survey

A lack of benefits, including medical, dental and disability, is the biggest challenge of working in the gig economy, according to a new survey by BMO Wealth Management.…

  • By: Staff
  • July 30, 2018 September 13, 2019
  • 10:04
PSP appoints Eduard van Gelderen as chief investment officer

PSP appoints Eduard van Gelderen as chief investment officer

The Public Sector Pension Investment Board has appointed Eduard van Gelderen as senior vice-president and chief investment officer. In the new role, van Gelderen will lead PSP’s…

  • By: Staff
  • July 30, 2018 September 13, 2019
  • 09:20
OSC publishes report on removing barriers to retirement planning

OSC publishes report on removing barriers to retirement planning

Many Canadians are challenged to overcome barriers to retirement planning, such as the perception that the process is too lengthy, complicated and overwhelming. But if…

New contracts for casino workers include pension improvements

New contracts for casino workers include pension improvements

Unifor members employed by three Ontario casinos have voted to ratify new three-year contracts that include improvements to their pension plans. Unifor members from Local 1090…

  • By: Staff
  • July 27, 2018 September 13, 2019
  • 15:00
CPPIB and partner acquire Utica shale oil and gas assets

CPPIB and partner acquire Utica shale oil and gas assets

The Canada Pension Plan Investment Board and Encino Energy are acquiring Chesapeake Energy Corp.’s Utica shale oil and gas assets in Ohio for $2.6 billion. Through the jointly-formed Encino…

  • By: Staff
  • July 27, 2018 September 13, 2019
  • 10:13
Watch equity markets closely as trade tension continues: experts

Watch equity markets closely as trade tension continues: experts

With the Trump administration continuing to take aim at its major trading partners, institutional money managers are warning investors to anticipate more volatility in equity markets. “A…

Few U.S. pension plans integrating ESG into investment manager selections: survey

Few U.S. pension plans integrating ESG into investment manager selections: survey

Very few American pension funds are incorporating environmental, social and governance issues, according to a new survey by NEPC Investment Consultants. Just 12 per cent of…

  • By: Staff
  • July 26, 2018 September 13, 2019
  • 17:00
Unclaimed balance regimes offer solution to missing pension members: PIAC

Unclaimed balance regimes offer solution to missing pension members: PIAC

The real solution for missing pension plan members is the establishment of a regime that allows plan sponsors to turn over unclaimed balances to a public…

  • By: Staff
  • July 26, 2018 September 13, 2019
  • 16:00
Government looks to AI to speed up CPP disability benefits

Government looks to AI to speed up CPP disability benefits

Federal officials overseeing billions in benefit payments to millions of Canadians are hoping artificial intelligence can resolve ongoing snags in the system. The government is…

Delta Air Lines workers maintain DB pension in new contract

Delta Air Lines workers maintain DB pension in new contract

Delta Air Lines Inc. employees in Canada, represented by the United Steelworkers union, have ratified a new five-year contract, which includes maintaining their defined benefit plan…

  • By: Staff
  • July 26, 2018 September 13, 2019
  • 09:30
80% of Siemens Canada employees become company shareholders

80% of Siemens Canada employees become company shareholders

More than 80 per cent of eligible Siemens Canada employees are now shareholders in the company. The global industrial manufacturing firm recently distributed a total…

  • By: Staff
  • July 26, 2018 September 13, 2019
  • 09:00
Majority of Ontario small employers want CPP hike scrapped, delayed: survey

Majority of Ontario small employers want CPP hike scrapped, delayed: survey

The majority of small business owners in Ontario want the government to scrap or delay the Canada Pension Plan enhancements, according to a new survey by…

  • By: Staff
  • July 25, 2018 September 13, 2019
  • 16:00
Government launches consultation on workplace harassment, violence bill

Government launches consultation on workplace harassment, violence bill

With a bill before parliament aiming to amend the Canada Labour Code as it pertains to harassment and violence in federally regulated workplaces, the government is…

  • By: Staff
  • July 25, 2018 September 13, 2019
  • 09:00
Green Shield Canada appoints Zahid Salman as president, CEO

Green Shield Canada appoints Zahid Salman as president, CEO

Green Shield Canada has appointed Zahid Salman as its new president and chief executive officer. In the new role, which is effective Sept. 4, 2018,…

  • By: Staff
  • July 24, 2018 September 13, 2019
  • 17:45