Latest news in Benefits Canada News

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
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Clear, flexible regulations needed for target-benefit plans: report

Clear and flexible regulations that reflect the nature and diversity of target-benefit plans would allow these plans to thrive, according to a new report from…

  • By: Staff
  • March 19, 2024 March 18, 2024
  • 09:00
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CPPLC appointing Cheldon Angus as co-chair

The Canadian Public Pension Leadership Council is appointing Cheldon Angus, chief people and technology officer at the Saskatchewan Healthcare Employees’ Pension Plan (SHEPP), as council…

  • By: Staff
  • March 18, 2024 March 18, 2024
  • 15:00

69% of global employees say their mental health has worsened in the past year: survey

More than two-thirds (69 per cent) of employees say their mental health has stayed the same or worsened in the past year, according to a…

  • By: Staff
  • March 18, 2024 March 15, 2024
  • 09:00
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What employers need to know about determining remote workers’ province of employment

The Canada Revenue Agency’s guidance for determining a full-time remote worker’s province of employment for payroll deduction purposes, which came into force on Jan. 1,…

Ontario Teachers’ backs Indian financial software company, invests in German logistics assets

The Ontario Teachers’ Pension Plan’s late-stage venture and growth investment arm is investing $80 million in India-based financial software company Perfios. The company serves the banking,…

  • By: Staff
  • March 15, 2024 March 14, 2024
  • 15:00

BCI appointing Chris Weitzel as senior managing director, fixed income and foreign exchange

The British Columbia Investment Management Corp. is appointing Chris Weitzel as senior managing director of its fixed income and foreign exchange team, effective March 11,…

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

CLHIA releases critical illness insurance guide to provide clarity, highlight benefits

The Canadian Life and Health Insurance Association has released a critical illness insurance guide to help Canadians better understand the benefits of critical illness insurance…

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

An article on how a shorter workweek can support higher levels of employee health and happiness was the most-read story on BenefitsCanada.com. Here are the…

  • By: Staff
  • March 15, 2024 March 14, 2024
  • 09:00
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Canadians with rent, mortgage payments delaying retirement savings amid rising cost of living: survey

Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by…

  • By: Staff
  • March 15, 2024 March 14, 2024
  • 09:00