Latest news in Benefits Canada News

U.S. pension risk transfer sales premium increased 130% in Q1 2024: report

U.S. pension risk transfer sales reached US$14.6 billion in the first quarter of 2024, a 130 per cent increase from the same period in 2023,…

  • By: Staff
  • June 18, 2024 June 18, 2024
  • 15:00
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Flight Centre’s 2023 Workplace Benefits Awards wins communicating wellness offerings to employees

Flight Centre Travel Group’s pair of wins in the 2023 Workplace Benefits Awards is reminding employees of the mental and physical wellness offerings available through…

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PSP Investments generates 7.2% annual return, net assets increase to $264.9BN

The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4…

Ontario DB pension plans’ average solvency ratio increases to 122% in Q1 2024: FSRA

The average projected solvency ratio for Ontario defined benefit pension plans was 122 per cent as of March 31, 2024, up three per cent from…

  • By: Staff
  • June 17, 2024 June 13, 2024
  • 15:00

Okta’s parental leave benefit is helping dads stay home with their newborn, adopted children

Okta Inc.’s enhanced parental leave benefit for non-birthing parents is helping more employees who are fathers take time off to bond with their newborn or…

Deadline extended for the 2024 Workplace Benefits Awards

Benefits Canada is extending the deadline for entering the 2024 Workplace Benefits Awards to Friday, July 5 at 5 p.m. EST. The original industry awards program has been recognizing…

  • By: Staff
  • June 17, 2024 June 14, 2024
  • 09:00

Caisse investing $500MN in National Bank of Canada, backing EV charging station operator

The Caisse de dépôt et placement du Québec is investing $500 million in National Bank of Canada to support its acquisition strategy for Canadian Western…

  • By: Staff
  • June 14, 2024 June 13, 2024
  • 15:00

72% of U.S. employees staying with their employer to keep pay, job security: survey

Nearly three-quarters (72 per cent) of U.S. employees are choosing to stay with their employers, a significant change from 2022 when 53 per cent were…

  • By: Staff
  • June 14, 2024 June 13, 2024
  • 09:00

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

An article detailing a stark increase in the use of obesity medications among Canadian employer-sponsored benefits plan members was the most-read article on BenefitsCanada.com this…

  • By: Staff
  • June 14, 2024 June 13, 2024
  • 09:00
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Canadian fixed income outperforms amid improving interest rate landscape: report

Canadian-based fixed income assets rallied in the first quarter of 2024 as the likelihood of interest rate cuts from global central authorities increases, according to…

  • By: Staff
  • June 13, 2024 June 12, 2024
  • 11:00
OSFI launching consultation on climate change risks to pensions, financial institutions

CIA calling on financial organizations to include effects of climate change in risk projections

Unique natural events caused by the effects of climate change need to be considered in a financial organization’s risk analysis, according to a new report…

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Survey finds nearly half of U.S. employees are reporting burnout

Nearly half (45 per cent) of U.S. employees say they’ve experienced burnout, down from 58 per cent in August 2020, according to a new survey…

  • By: Staff
  • June 13, 2024 June 12, 2024
  • 09:00
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UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN

The University Pension Plan generated a net return of 10.2 per cent in 2023, up from a 9.1 per cent loss in 2022, according to…

  • By: Staff
  • June 12, 2024 June 12, 2024
  • 15:00
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20% of U.S. workers say being able to save was their biggest financial worry last year: survey

A fifth (20 per cent) of U.S. employees say contributing to their savings account has been their biggest financial worry in the last 12 months,…

  • By: Staff
  • June 12, 2024 June 11, 2024
  • 09:00

How plan sponsors, insurers should approach Wegovy rollout in Canada

When considering whether to cover Wegovy, an obesity medication, it’s important for plan sponsors to weigh increased short-term costs with long-term savings, while considering alternative…

Survey finds 45% of Canadians say they feel recognized at work, but few feel it’s meaningful

While nearly half (45 per cent) of Canadian workers say they feel recognized by their employer at least once a month, fewer than a fifth…

  • By: Staff
  • June 11, 2024 June 12, 2024
  • 15:00

Medicus Pension Plan reports 158% funded status at start of 2024

The Medicus Pension Plan, a defined benefit multi-employer pension plan designed exclusively for incorporated physicians in Canada, reported a funded status of 158 per cent…

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Dollar cap matching could more equitably distribute 401(k) contributions, reduce plan sponsor costs: report

Dollar cap match formulas could distribute employer contributions to 401(k)s more equitably than other common match formulas, according to a new report by Vanguard Inc.…

  • By: Staff
  • June 11, 2024 June 11, 2024
  • 09:00
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Report finds infrastructure investments at the centre of energy transition roadmap

Institutional investors are at the forefront of an infrastructure overhaul expected to be worth more than $100 trillion, which will be crucial for global energy…

  • By: Staff
  • June 10, 2024 June 11, 2024
  • 15:00

Coverage of the 2024 Global Investment Conference

On April 10-12, the Canadian Investment Review hosted a group of delegates, including defined benefit plan sponsors, asset managers and academics, in Alberta for the 2024 Global…

  • By: Staff
  • June 10, 2024 June 6, 2024
  • 08:00

2024 Global Investment Conference: Global energy interests posing challenges to institutional investors’ net-zero targets

Global powerhouses China and India will continue to heavily bet in oil and gas opportunities due to projected demand, despite the global push for green…

2024 Global Investment Conference: How the risk-return proposition can help portfolios perform well in a variety of market conditions

It’s important for institutional investors to view risk mitigation as a way to improve the risk-return proposition and not as a way to express a…

2024 Global Investment Conference: Canadian real estate pressures increasing demand for rental market investments

If Canadians aren’t able to access single-family housing, then by necessity they have to move to rentals, said Aaron Pittman, senior vice-president and head of…

2024 Global Investment Conference: How institutional investors can re-think active management to add value, generate alpha

An active manager only adds value for clients through three distinct ways: interpreting information through their research and decision-making, the way they manage risk through…