Latest news in Benefits Canada News

Almost 50% of employers commonly offer promotions without pay hike: survey

Almost 50% of employers commonly offer promotions without pay hike: survey

Almost 50 per cent of Canadian employers commonly give promotions without an increase in salary, according to a survey by OfficeTeam. The survey, which polled 300…

  • By: Staff
  • June 6, 2018 September 13, 2019
  • 15:00
Canadian group annuity sales reach $1 billion in first quarter of 2018

Canadian group annuity sales reach $1 billion in first quarter of 2018

Canadian group annuity sales reached an estimated $1 billion in the first quarter of 2018, according to Willis Towers Watson’s quarterly update. The significant volume…

  • By: Staff
  • June 6, 2018 September 13, 2019
  • 15:00
Global investors assert support for G7 themes ahead of summit

Global investors assert support for G7 themes ahead of summit

Just days before Canada hosts the G7 Summit in La Malbaie, Que., a group of investors, including some of the country’s largest pension funds, has joined together with…

Government benefit cuts, longevity among global trends affecting retirement readiness

Government benefit cuts, longevity among global trends affecting retirement readiness

The reduction in government benefits (38 per cent), life expectancy (27 per cent) and volatility in financial markets (24 per cent) are the most frequently…

  • By: Staff
  • June 6, 2018 September 13, 2019
  • 08:30
Study highlights cost differences between CPP, private pension plans

Study highlights cost differences between CPP, private pension plans

In comparing the Canada Pension Plan to private pensions, a new study finds the latter face more regulatory hurdles, are more complex and face higher…

  • By: Staff
  • June 5, 2018 September 13, 2019
  • 16:15
SSQ Insurance partners with genetic testing company

SSQ Insurance partners with genetic testing company

SSQ Life Insurance Co. Inc. is partnering with genetic testing company BiogeniQ Inc. to offer some plan members suffering from depression the chance to undergo…

  • By: Staff
  • June 5, 2018 September 13, 2019
  • 16:00
How ESG factors play into alternative investments

How ESG factors play into alternative investments

While the integration of environmental, social and governance factors is becoming more prevalent in discussions about institutional investing, there’s more work to do when it…

OMERS looking at indexing as part of plan review

OMERS looking at indexing as part of plan review

As part of a comprehensive plan review, the Ontario Municipal Employees Retirement System is looking at a number of changes, including to indexing provisions. While…

Cadillac Fairview ups Toronto Ritz-Carlton stake to 100%

Cadillac Fairview ups Toronto Ritz-Carlton stake to 100%

Cadillac Fairview Corp. Ltd. has upped its stake in Toronto’s Ritz-Carlton hotel to 100 per cent ownership of the property. One of the original developers…

  • By: Staff
  • June 4, 2018 September 13, 2019
  • 16:43
Jean-Daniel Côté named BFL Canada VP of retirement

Jean-Daniel Côté named BFL Canada VP of retirement

BFL Canada Consulting Services Inc. has appointed Jean-Daniel Côté as vice-president of retirement. Based in Montreal, Côté will play a senior consulting role for a range…

  • By: Staff
  • June 4, 2018 September 13, 2019
  • 15:00
PSP Investments backs global digital payments provider

PSP Investments backs global digital payments provider

The Public Sector Pension Investment Board is among investors taking part in a $250-million round of financing for Tradeshift, a global supply chain digital payments company. With…

  • By: Staff
  • June 4, 2018 September 13, 2019
  • 09:47
Mental-health focus leads to culture change at CGI Group

Mental-health focus leads to culture change at CGI Group

CGI Group Inc. hosted its annual mental-health month in May, focusing this year on the support that employees can receive from their employer and their colleagues,…

Cubic Health launches risk management program for medical pot

Cubic Health launches risk management program for medical pot

Cubic Health Inc. has introduced a risk management program aimed at helping plan sponsors with the many considerations for covering medical marijuana in their benefits plans. The program uses claims…

Navigating the ’50 shades of grey’ surrounding marijuana legalization and the workplace

Navigating the ’50 shades of grey’ surrounding marijuana legalization and the workplace

While a recent court ruling has given some relief to plan sponsors concerned about having an obligation cover medical marijuana under their benefits plans, they…

Age discrimination in benefits plans unconstitutional, tribunal finds

Age discrimination in benefits plans unconstitutional, tribunal finds

When Ontario abolished mandatory retirement in 2006, employers could still terminate benefits for workers who turned 65. But in May, the province’s Human Rights Tribunal…

Ontario Teachers’, CalPERS support SEC proposal to study transaction fees

Ontario Teachers’, CalPERS support SEC proposal to study transaction fees

The Ontario Teachers’ Pension Plan and the California Public Employees’ Retirement System are expressing their support for the U.S. Security and Exchange Commission’s proposal for a transaction fee pilot.…

  • By: Staff
  • June 1, 2018 September 13, 2019
  • 08:40
Taxpayers on hook for liabilities in federal staff pension plans: report

Taxpayers on hook for liabilities in federal staff pension plans: report

A new report by the C.D. Howe Institute says taxpayers are on the hook for the unfunded liability of pension plans for federal employees. In…

  • By: Staff
  • May 31, 2018 September 13, 2019
  • 16:45
Green Shield Canada, Morneau Shepell introducing online cognitive behavioural therapy

Green Shield Canada, Morneau Shepell introducing online cognitive behavioural therapy

Green Shield Canada and Morneau Shepell Inc. are both making web-based cognitive behavioural therapy available to plan sponsors and members. Green Shield Canada’s service, provided by…

  • By: Staff
  • May 31, 2018 September 13, 2019
  • 16:30
Schroders names Shawn Cohen as institutional director

Schroders names Shawn Cohen as institutional director

Schroders Investment Management Ltd. is appointing Shawn Cohen as institutional director, a role aimed at building relationships with defined contribution record keepers and third-party asset…

  • By: Staff
  • May 31, 2018 September 13, 2019
  • 16:15
CLHIA announces tweaks to advisor compensation disclosure guideline

CLHIA announces tweaks to advisor compensation disclosure guideline

The Canadian Life and Health Insurance Association is tweaking its approach to its compensation disclosure guideline, including a provision to allow advisors to deliver the information…

National retirement program for non-profit sector in the works

National retirement program for non-profit sector in the works

Retirement firm Common Wealth is part of a new effort aimed at creating a national, portable retirement plan for Canada’s non-profit sector. The goal of…

  • By: Staff
  • May 31, 2018 September 13, 2019
  • 10:11
A closer look at Ontario political parties’ pension, benefits promises

A closer look at Ontario political parties’ pension, benefits promises

Despite not yet announcing its election platform, Ontario’s Progressive Conservative Party may have the greatest potential for affecting pensions and benefits in Ontario. “The Conservatives’…

Majority of Canadian organizations offer flexible working options: survey

Majority of Canadian organizations offer flexible working options: survey

More than 85 per cent of Canadian organizations offer flexible working options to employees, according to a new survey by the Conference Board of Canada. The survey,…

  • By: Staff
  • May 30, 2018 September 13, 2019
  • 16:15
Employers look to behavioural economics to drive health plan adherence: survey

Employers look to behavioural economics to drive health plan adherence: survey

More than a third (39 per cent) of U.S. employers see promise in using behavioural economics to help employees adhere to their medical treatment plans,…

  • By: Staff
  • May 30, 2018 September 13, 2019
  • 15:00
Caisse part of financing deals for La Maison Simons, smart thermostat maker ecobee

Caisse part of financing deals for La Maison Simons, smart thermostat maker ecobee

The Caisse de dépôt et placement du Québec is joining the Quebec government and Investissement Québec in financing a distribution facility for retailer La Maison Simons. The…

  • By: Staff
  • May 30, 2018 September 13, 2019
  • 15:00