Latest news in Benefits Canada News

55% of Americans worry they won’t have financial security in retirement: survey

More than half (55 per cent) of Americans say they’re worried they won’t achieve financial security in retirement, according to a new survey by the…

  • By: Staff
  • March 1, 2024 February 29, 2024
  • 09:00
Caisse, CPPIB, Ontario Teachers’ invest in insurance company

Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator

The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider…

  • By: Staff
  • February 29, 2024 February 29, 2024
  • 15:00

Liberals table bill paving way for future pharmacare program a day before deadline

Health Minister Mark Holland tabled a long-awaited bill Thursday meant to pave the way for national pharmacare and preserve a deal that secures the New…

20% of global board positions filled by people from underrepresented groups, ethnicities: report

In 2023, a fifth (20 per cent) of board positions across the globe were filled by individuals that belong to historically underrepresented groups or ethnicities,…

  • By: Staff
  • February 29, 2024 February 28, 2024
  • 09:00
Ontario DB pension solvency up again in third quarter: FSRA

OMERS returns 4.6% for 2023, driven by equities, fixed income

The Ontario Municipal Employees’ Retirement System returned 4.6 per cent in 2023, or $5.6 billion, in investment income in 2023, according to its latest year-end…

  • By: Staff
  • February 29, 2024 February 28, 2024
  • 09:00

Sounding Board: How pension IT risk management guidance will impact plan sponsors

Information technology risk has become a more prevalent concern in recent years, so it comes as no surprise that Canadian pension regulators are focused on…

OSFI launching consultation on climate change risks to pensions, financial institutions

Pension funds improving modestly on climate but more work to be done: report

Canada’s largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, according to a new report by a…

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71% of Canadian workers say rising cost of living is increasing faster than their income: survey

Nearly three-quarters (71 per cent) of Canadian workers say their rising cost of living is increasing faster than their income, according to a survey by…

  • By: Staff
  • February 28, 2024 February 26, 2024
  • 09:00

1Password bringing employees together to explore impact of Black artists, culture for Black History Month

This Black History Month, 1Password is bringing employees together to share how diverse artists have had a profound impact on their exploration and appreciation of…

Hub International acquiring Oakville, Ont.-based Mitchell Sandham

Hub International Ltd. is acquiring Oakville, Ont.-based Mitchell Sandham Inc., an independently owned insurance brokerage company that provides commercial and personal insurance and employee benefits…

  • By: Staff
  • February 27, 2024 February 27, 2024
  • 15:00

AIMCo highlighting importance of workplace ERG support, community for Black History Month

To mark Black History Month, the Alberta Investment Management Corp. is giving employees a chance to reflect on the history of groups dedicated to the…

Stakeholders forming coalition to minimize impact of pharmacare on employer-sponsored benefits plans

Several stakeholders from the benefits sector are partnering to form the Smart Health Benefits Coalition, an advocacy group that aims to strengthen the health-care system and…

York U academic workers go on strike, citing lack of support amid rising cost of living

Nearly 3,000 academic workers at York University are on strike after their union said the university didn’t meet their demand to “address the affordability crisis.”…

Women in Canada’s benefits, pension industries talk gender diversity

Women represent a quarter of C-suite leaders in North America: report

Women represent roughly a quarter of C-suite leaders in North America, while women of colour represent just one in 16, according to a report by…

  • By: Staff
  • February 26, 2024 February 23, 2024
  • 09:00
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UPP keeping plan members engaged, informed with new web portal

The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our…

CAAT making key appointments on management team

The Colleges of Applied Arts and Technology pension plan is promoting Sabeen Purewall (pictured left) to vice-president of solutions and partnerships and Graham Stone (pictured…

  • By: Staff
  • February 23, 2024 February 23, 2024
  • 15:00
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Caisse buys stake in Quebec-based logistics operator, CPPIB sells stake in South Korean logistics joint venture

The Caisse de dépôt et placement du Québec is acquiring an equity stake in North American port terminal and logistics operator QSL International Ltd. The…

  • By: Staff
  • February 23, 2024 February 23, 2024
  • 15:00
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Caisse returns 7.2% for 2023, driven by bonds, equities

The Caisse de dépôt et placement du Québec is reporting a net return of 7.2 per cent for 2023, with net assets increasing to $434…

  • By: Staff
  • February 23, 2024 February 22, 2024
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how the Ontario Municipal Employees Retirement System has contributed to the province’s gross domestic product was the most-read story on BenefitsCanada.com this…

  • By: Staff
  • February 23, 2024 February 22, 2024
  • 09:00

U.S. public pension plans’ average funding ratio declines to 75.4% in 2023: survey

The average funding ratio for U.S. public pension plans declined to 75.4 per cent in 2023, compared to 77.8 per cent in the previous year,…

  • By: Staff
  • February 22, 2024 February 22, 2024
  • 11:00
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How investment organizations’ DEI strategies are helping attract, support BIPOC talent

The issues that lay at the root of the social justice unrest of 2020 haven’t dissipated and four years later, many investment organizations are focusing…

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Ford Canada transferring $923 million in pension liabilities via group annuity buyout

Ford of Canada is is transferring the longevity risk for $923 million in pension plan liabilities through a group annuity buyout. RBC Insurance, Sun Life Assurance…

  • By: Staff
  • February 22, 2024 February 21, 2024
  • 09:00

Survey finds U.S. employees increasingly interested in retirement, savings programs

The vast majority (89 per cent) of U.S. employees say they’d be more likely to continue working for an employer that offered a retirement plan,…

  • By: Staff
  • February 21, 2024 February 21, 2024
  • 15:00
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CPPIB returns 3.4% in Q3 2024, driven by global equity, fixed income assets

The Canada Pension Plan Investment Board earned 3.4 per cent during the third quarter of fiscal 2024, according to its latest quarterly report. By Dec.…

  • By: Staff
  • February 21, 2024 February 21, 2024
  • 10:00
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Black, Hispanic American workers’ contributions to employer-sponsored retirement plans 40% lower than white workers’: study

The average rate of contribution by U.S. Black and Hispanic workers to employer-sponsored retirement plans is roughly 40 per cent lower than that of white…

  • By: Staff
  • February 21, 2024 February 20, 2024
  • 09:00