Latest news in Benefits Canada News

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
Manulife enhances family benefits for Canadian employees

How family-building benefits can support employee well-being, retention

Family-building benefits can go a long way in supporting employers’ attraction and retention efforts, says David Krieger, regional vice-president of benefits consulting at BFL Canada.…

  • By: Sadie Janes
  • February 21, 2024 February 20, 2024
  • 09:00

How KPMG in Canada is keeping DEI at the forefront of the return-to-office experiment

Employers have the opportunity to create a more inclusive workplace by focusing on diversity, equity and inclusion as employees return to the office. The shift…

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Canadians believe they need $1.7 million to retire: survey

While Canadians, on average, believe they need $1.7 million in retirement, this amount varies among different generations of employees, according to a new survey by…

  • By: Staff
  • February 16, 2024 February 16, 2024
  • 15:00

Caisse acquires 80% stake in Japanese solar power plant, AIMCo opens New York office

The Caisse de dépôt et placement du Québec is acquiring an 80 per cent stake in a Japanese solar power generation plant alongside its portfolio company…

  • By: Staff
  • February 16, 2024 February 14, 2024
  • 15:00
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Fewer than 40% of Black Americans say they’ve saved enough for retirement: survey

Fewer than four in 10 Black Americans say they’ve saved or are saving enough for retirement according to a new survey by LIMRA. The survey,…

  • By: Staff
  • February 16, 2024 February 15, 2024
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the Canada Revenue Agency’s guidance for how employers must determine the province of employment for remote workers was the most-read story on…

  • By: Staff
  • February 16, 2024 February 15, 2024
  • 09:00
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Guardian Capital Group acquiring Sterling Capital

Guardian Capital Group Ltd. is acquiring U.S.-based asset manager Sterling Capital Management from Truist Financial Corp. The financial terms of the transaction include a payment…

  • By: Staff
  • February 15, 2024 February 15, 2024
  • 15:00
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OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to…

  • By: Blake Wolfe
  • February 15, 2024 February 14, 2024
  • 09:00

Redbrick highlighting DEI through employee-led discussions, education sessions

Redbrick is highlighting diversity, equity and inclusion through employee-led discussions and education sessions, beginning with a focus on Black History Month in February. The Victoria,…

  • By: Sadie Janes
  • February 15, 2024 February 14, 2024
  • 09:00