Latest news in Benefits Canada News

Institutional investors increasing allocations to private assets over next 3 years: survey

Two-fifths (40 per cent) of institutional investors say they plan to increase allocations to private debt investments over the next three years, according to a…

  • By: Staff
  • January 29, 2024 February 1, 2024
  • 15:00
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Four Canadian pension funds increasing exposure to private credit: report

As banks continue to pull back on lending, the Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan, the Ontario Municipal Employees’ Retirement System…

  • By: Staff
  • January 29, 2024 February 1, 2024
  • 15:00

Just 69% of Canadians confident in their retirement prospects: survey

While the vast majority (91 per cent) of Canadian workers say they’re saving for retirement, just 69 per cent are confident they’re saving enough, according…

  • By: Staff
  • January 29, 2024 January 26, 2024
  • 09:00
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CLHIA focusing on improving pharmacare, rare disease drug coverage in 2024

In the year ahead, the Canadian Life and Health Insurance Association will continue its advocacy efforts to ensure the federal government’s proposed pharmacare plan extends…

  • By: Sadie Janes
  • January 29, 2024 January 30, 2024
  • 09:00
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AIMCo considers buying Trans Mountain pipeline stake, Caisse integrates real estate subsidiaries

The Alberta Investment Management Corp. is considering purchasing a stake in the Trans Mountain pipeline, according to a report by BNN Bloomberg. “We have an active file…

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

How employers can support remote workers in regions affected by conflict, natural disasters

The coronavirus pandemic has given rise to the ‘work-from-anywhere’ trend, but what happens when remote employees are working from regions suddenly affected by natural disasters…

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

An article on the funded position of Canadian defined benefit pension plans was the most-read story on BenefitsCanada.com. Here are the five top HR, benefit,…

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

Survey finds U.S. gen Z employees more likely to expect tailored benefits

U.S. generation Z employees are more likely to expect a tailored, year-round benefits experience than other employees, according to a new survey by MetLife Inc.…

  • By: Staff
  • January 26, 2024 January 25, 2024
  • 09:00
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Majority of Canadian employers expecting hiring challenges in 2024: survey

A majority (89 per cent) of Canadian employers are expecting to face hiring challenges in 2024, according to a new survey from Express Employment Professionals.…

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

Fewer U.S. remote workers receiving promotions compared to hybrid, in-office employees: survey

Fewer than half (42 per cent) of U.S. employees who worked remotely full time in 2023 say they received a promotion, compared to those who…

  • By: Staff
  • January 25, 2024 January 24, 2024
  • 09:00

Climate change, pension super-priority law among CIA’s priorities for 2024

The impacts of climate change and federal super-priority legislation on Canadian pension plans are among the issues that the Canadian Institute of Actuaries is monitoring…

  • By: Blake Wolfe
  • January 25, 2024 January 24, 2024
  • 09:00
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Ontario civil servants noting flaws in Alberta’s CPP portion calculations: report

Ontario civil servants are questioning the methodology used in a report that determined how much money Alberta could extract from the Canada Pension Plan if…

  • By: Staff
  • January 25, 2024 January 24, 2024
  • 09:00

Mild U.S. recession expected mid-2024, inflation to slow significantly: report

Institutional investors could face a mild economic recession in the U.S. at the end of the first half of 2024, according to a new report…

  • By: Staff
  • January 24, 2024 January 24, 2024
  • 15:00

Employers can use Bell Let’s Talk Day to normalize mental-health discussions, taking leave: expert

Employers can use Bell Let’s Talk Day to normalize talking about mental health and reflect on whether they’re ‘walking the talk,’ says Janet Candido, founder and…

  • By: Sadie Janes
  • January 24, 2024 January 23, 2024
  • 09:00
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PIAC asking B.C. to refrain from limiting entities that can offer variable life benefits

The Pension Investments Association of Canada is calling on the British Columbia government to refrain from setting limits on the type of entities that can…

  • By: Staff
  • January 24, 2024 January 23, 2024
  • 09:00

Coverage of the 2023 Defined Benefit Investment Forum

On Dec. 6, the Canadian Investment Review hosted its annual Defined Benefit Investment Forum. With the close of a year marred by financial fragility and global…

2023 Defined Benefit Investment Forum: Housing unaffordability may launch ‘generational move’ toward multi-family segment

Canada has a real estate “supply and demand crisis” that is likely to get worse in the coming years with ineffectual government intervention and central…

2023 Defined Benefit Investment Forum: How exposure to multi-family real estate can optimize risk-adjusted returns

Multi-family real estate is set up for long-term sustained returns given the extreme dislocation between housing supply and demand in Canada and record-high federal immigration…

2023 Defined Benefit Investment Forum: The value of active management in emerging markets

With historic perceptions of emerging markets and equities no longer matching reality, institutional investors have the opportunity to scoop up good companies at low valuations,…

45% of U.S. DC plan sponsors considering adding emergency savings options in 2024: survey

More than two-fifths (45 per cent) of U.S. defined contribution pension plan sponsors say they’re considering implementing emergency savings features, according to a survey from…

  • By: Staff
  • January 23, 2024 January 23, 2024
  • 15:00
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OMERS evaluates sale of LifeLabs, CPPIB sells stake in software company

The Ontario Municipal Employees’ Retirement System is considering the sale of LifeLabs Inc., according to a report by The Globe and Mail. A spokesperson for…

  • By: Staff
  • January 22, 2024 January 22, 2024
  • 15:00
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Average DB pension plan’s funded position on solvency basis up in November: report

While the funded position of a typical defined benefit pension plan increased on a solvency basis in November, it decreased on an accounting basis in…

  • By: Staff
  • January 22, 2024 January 19, 2024
  • 09:00

Coverage of the 2023 Face to Face Drug Plan Management Forum

On Dec. 5, 2023, Benefits Canada held its annual Face to Face Drug Plan Management Forum, the industry’s most popular drug benefits conference. Industry experts…

High-cost drug claims lead to 20-times greater cost per claim for small plan sponsors

A recent survey by Innovative Medicines Canada found there are growing listing delays among Canada’s private drug plans, said Joe Farago, the organization’s executive director…

Innovative drugs helping plan members manage chronic conditions

Many plan members with diabetes struggle with adherence to daily insulin injections and research has found the majority of patients wish they could achieve the…