Latest news in Benefits Canada News

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Average Canadian DB pension plan’s funded solvency position up 2.8% in February: report

The funded position of a typical defined benefit pension plan rose both on a solvency basis (2.8 per cent) and an accounting basis (2.3 per…

  • By: Staff
  • March 28, 2024 March 28, 2024
  • 15:00

47% of Canadian employees relying on workplace benefits to improve well-being: report

Nearly half (47 per cent) of Canadian employees say they’re interested in improving their well-being and plan on using workplace benefits to do so, according…

  • By: Staff
  • March 28, 2024 March 27, 2024
  • 09:00

Expert Panel: CPPIB taking steps to face shifting investment landscape in China

The decision by the Canada Pension Plan Investment Board this month to reduce 10 per cent of its China equity team based in Hong Kong…

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Ontario continues work on infrastructure bank, target-benefit pension plan framework

In its 2024 budget on Tuesday, the Ontario government reiterated its support for a provincial infrastructure bank to leverage public sector pension investments. The bank,…

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

Hydro-Quebec’s $185 billion expansion plan getting institutional investor attention: report

A new $185 billion plan by Hydro-Quebec to build out increased power capacity is gaining attention from institutional investors, according to a report by Bloomberg.…

  • By: Staff
  • March 27, 2024 March 26, 2024
  • 15:00
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Employers can support different generations with flexibility, empathetic leadership: expert

Employers can support a multigenerational workforce by understanding each generations’ needs and offering flexibility and empathetic leadership, says Darryl Wright, a partner at Ernst &…

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New York State Common Retirement Fund curbing oil and gas investments

The New York State Common Retirement Fund is restricting its exposure in eight integrated oil and gas companies, including divesting a portion of its investment…

  • By: Staff
  • March 26, 2024 March 26, 2024
  • 15:00

Tim Deacon leaving Ontario Teachers’ for Sun Life Financial

Tim Deacon is leaving his role as chief financial officer at the Ontario Teachers’ Pension Plan for a leadership role at another financial institution, effective…

  • By: Staff
  • March 26, 2024 March 27, 2024
  • 15:00

Nearly half of working Canadian women disappointed with employer’s support during maternity leave: survey

Nearly half of Canadian women employees say they’re dissatisfied with their organizations’ support during maternity leave, according to a survey by Maturn. The survey, which…

  • By: Staff
  • March 26, 2024 March 25, 2024
  • 09:00

More than £50 billion in U.K. pension benefits at risk of being lost, misplaced: study

More than £50 billion in U.K. pension benefits were at risk of being misplaced in abandoned accounts or scattered across multiple lost pots in 2023,…

  • By: Staff
  • March 25, 2024 March 25, 2024
  • 15:00

71% of Canadian employees considering leaving their jobs in 2024: survey

Nearly three-quarters (71 per cent) of employees in Canada are considering leaving their current jobs and exploring better opportunities elsewhere this year, according to a…

  • By: Staff
  • March 25, 2024 March 22, 2024
  • 09:00
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Federal minimum wage rising to $17.30 per hour on April 1

The federal minimum wage is rising to $17.30 per hour, effective April 1. The increase from $16.65 reflects the increase in the annual average consumer…

CalPERS doubling down on allocations to private market assets

The California Public Employees’ Retirement System is increasing its investments in private market assets to maximize returns from its highest-performing asset classes. The pension fund…

  • By: Staff
  • March 22, 2024 March 20, 2024
  • 15:00
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CPPIB and Ontario Teachers’ reinvesting in India infrastructure fund

The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are reinvesting in an infrastructure trust sponsored by the National Highways Authority of…

  • By: Staff
  • March 22, 2024 March 21, 2024
  • 15:00
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Sounding Board: How employers can foster a neuro-inclusive workplace

Neuro-inclusion means creating an inclusive employee life cycle for neurodivergent professionals by employing technology, processes and support systems that accommodate their unique needs and enhance…

Top 5 HR, benefits, pension and investment stories of the week

An article on how transparency and communication are key for employers planning to pay out executive bonuses was the most-read story on BenefitsCanada.com. Here are…

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

Survey finds three-quarters of U.S. employers increasing commitment to well-being programs

While three-quarters (74 per cent) of U.S. companies have increased their commitment to well-being programs in the last two years, just 50 per cent of…

  • By: Staff
  • March 22, 2024 March 25, 2024
  • 09:00

Employees of Canadian energy companies joining CAAT’s DBplus pension plan

Employees of Candu Energy Inc., Canadian Nuclear Laboratories and Global First Power are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Unionized…

  • By: Staff
  • March 21, 2024 March 21, 2024
  • 15:00

Ontario Teachers’ returns 1.9% for 2023

The Ontario Teachers’ Pension Plan is reporting a net return of 1.9 per cent for 2023, according to its latest annual report. The investment organization…

  • By: Staff
  • March 21, 2024 March 21, 2024
  • 09:00

Group annuity market growing as DB pension plans move to de-risk

Ford of Canada’s recent transfer of $923 million in pension liabilities to Desjardins Group, RBC Insurance and Sun Life Assurance Co. of Canada augurs well…

FSRA names Andrew Fung EVP of pensions

The Financial Services Regulatory Authority of Ontario is appointing Andrew Fung as executive vice-president of pensions, effective March 11, 2024. Fung first joined the Financial…

  • By: Staff
  • March 20, 2024 March 20, 2024
  • 15:00

Nearly a quarter of Canadian workers don’t view their workplace as supportive: survey

Nearly a quarter (21 per cent) of Canadian employees say they don’t perceive their workplace as supportive, according to Telus Health’s latest mental-health index. The survey,…

  • By: Staff
  • March 20, 2024 March 20, 2024
  • 09:00

Employers paying out executive bonuses can avoid criticism by embracing transparency

Increased sensitivity around executive bonus compensation is pushing employers to prioritize transparency and communication when explaining why bonuses were awarded. The compensation method has seen…

Caisse appointing N. Venkatram to lead India unit

The Caisse de dépôt et placement du Québec is appointing N. Venkatram as managing director of its India division, effective April 1, 2024. Venkatram, who…

  • By: Staff
  • March 19, 2024 March 18, 2024
  • 15:00
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Value of Canadian equities marketplace drops 10% in 2023: report

The total value traded in Canada’s equities marketplace reached $4.2 trillion as at Dec. 31, 2023, a 10 per cent decline from the previous 12-month…

  • By: Staff
  • March 19, 2024 March 18, 2024
  • 09:00