Latest news in Benefits Canada News

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

An article on legal challenges filed against the federal government’s hybrid work mandate for public service employees was the most-read story on BenefitsCanada.com this week.…

  • By: Staff
  • May 31, 2024 May 30, 2024
  • 09:00
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Survey finds 92% of U.S. employees seeking additional financial resources from employer

Nine in 10 (92 per cent) U.S. employees say they need additional financial resources in their employer-sponsored benefits plan, up from 79 per cent in…

  • By: Staff
  • May 30, 2024 May 31, 2024
  • 15:00
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Canadian private equity market raises $4 billion in Q1 2024: report

The Canadian private equity market raised $4 billion through 140 deals in the first quarter of 2024, a 52 per cent increase in deal values…

  • By: Staff
  • May 30, 2024 May 30, 2024
  • 11:00

63% of Americans worry more about running out of money than death: survey

Nearly two-thirds (63 per cent) of Americans say they worry more about running out of money than death, up from 57 per cent in 2022,…

  • By: Staff
  • May 30, 2024 May 29, 2024
  • 09:00
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Caisse enters share capital increase deal with transportation company, agrees to share repurchase deal with consulting firm

The Caisse de dépôt et placement du Québec is participating in a share capital increase deal with Alstom, a sustainable transportation solutions company. The investment…

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

More Canadian employers implementing four-day workweek: study

The number of Canadian businesses implementing four-day workweek schedules has increased by 34 per cent over the past year, according to a new study by…

  • By: Staff
  • May 29, 2024 May 28, 2024
  • 15:00

Coverage for high-cost, specialty drugs missing from rollout of feds’ pharmacare plan: experts

While the concept behind the federal government’s universal pharmacare plan is well intentioned, the program would make a larger impact for employers by focusing on…

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Survey finds 77% of U.S. workers think employers’ motivation for returning to office is about control

More than three-quarters (77 per cent) of U.S. workers believe the primary motivation for return-to-office policies is so that employers can exert more control over…

  • By: Staff
  • May 29, 2024 May 29, 2024
  • 09:00
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Cross-border pension plans increasing due to political, economic tension: survey

The number of international pension plans and international savings plans that are offered in countries operating in challenging political or economic circumstances has risen to…

  • By: Staff
  • May 28, 2024 May 28, 2024
  • 15:00
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Expert panel: New research brings mortality improvement into spotlight for pension plan sponsors

One of the many consequences of the coronavirus pandemic was an unprecedented interest in the life expectancy of Canadians. While the increased focus on life…

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Competitive pension risk transfer costs increase from 100.3% to 100.9% in April: report

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 100.3 per cent of a plan’s accounting…

  • By: Staff
  • May 28, 2024 May 28, 2024
  • 09:00

AIMCo Realty completes $900 million sale of green bond offerings; Ontario Teachers’ Venture Growth investing in German AI firm

The real estate investment arm of the Alberta Investment Management Corp. has completed the sale of $900 million in green bond offerings. The Series 6…

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

Employers rethinking value of employee connections in era of remote work: report

The rise of remote work has led to a loss of workplace social connections that is negatively affecting employees, according to a new report by…

BNP Paribas’ 2023 Workplace Benefits Awards win fostering expansion of DEI initiatives

BNP Paribas in Canada’s 2023 Workplace Benefits Awards win is reinforcing the company’s goal of expanding its diversity, equity and inclusion initiatives, says Flavie Motte, the…

Unions representing federal public service workers file legal challenges against hybrid work mandate

Unions representing more than 270,000 federal public service workers have filed a series of legal challenges to the federal government’s new mandate requiring its workers…

  • By: Staff
  • May 27, 2024 May 24, 2024
  • 09:00

Nordic countries offer best parental work-life balance, Canada needs improvement: study

Norway, Sweden and Denmark offer the best parental work-life balance, according to a new study by Remote Technology Inc. The global study assessed the quality of…

  • By: Staff
  • May 24, 2024 May 23, 2024
  • 09:00
Canada’s DB pension plans post 5% return in Q4, close 2020 with 10% gain

Average Canadian DB pension plan’s funded position on solvency, accounting basis up in April: report

The funded position of a typical Canadian defined benefit pension plan rose on both a solvency and accounting basis in April, according to Telus Health’s…

  • By: Staff
  • May 23, 2024 May 22, 2024
  • 09:00
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More work to be done on feds’ plan to encourage domestic pension investments: lawyers

The federal government’s promise to encourage Canadian institutional investors to invest more domestically is taking shape with two key initiatives found in the 2024 budget.…

Mastercard Foundation launches new asset management company

The Mastercard Foundation is launching an asset management company to build and manage a diversified portfolio to help fund its philanthropic mission. The Mastercard Foundation…

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

61% of Canadian workers say return-to-workplace mandates impose financial burden: survey

Nearly two-thirds (61 per cent) of Canadian employees say return-to-worksite mandates impose a financial burden, a percentage that increases to 70 per cent among hybrid…

  • By: Staff
  • May 22, 2024 May 22, 2024
  • 15:00
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79% of Canadians would use mental-health services more if cost wasn’t a factor: survey

Nearly two-thirds (62.3 per cent) of Canadian employees rarely or never access mental-health services and more than three-quarters (78.6 per cent) say they’d access these…

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

Montreal municipal employees’ pension plan promises to divest from fossil fuels, repatriate investments

The City of Montreal, which manages the joint fund of the city’s municipal employees’ retirement plan, says it intends to withdraw all investments from fossil…

  • By: Staff
  • May 21, 2024 May 17, 2024
  • 11:00
Canadian ESG-related investment assets surge to $3.2 trillion: report

Greenhushing possibly a temporary trend in institutional investment space: expert

Greenhushing — the withholding of sustainability milestones and other environmental investment goals by institutional investors and investee companies — is a trend that could already be…