Latest news in Benefits Canada News

Back to basics on decumulation

While the term decumulation may sound very technical and often leads to confusion among pension plan members, it’s actually quite simple — effectively, it’s the…

Q&A with UCS Forest Group’s Nancee Gelineau

UCS Forest Group’s chief human resources and administrative officer discusses the complexities of the post-pandemic workplace, training managers to adapt to the new working environment…

Ontario Teachers’ invests $80M in Indian packaging operator, BCI boosts funding for quantum computing firm

The Ontario Teachers’ Pension Plan is investing $80 million in logistics service provider Xpressbees. The Indian packaging and shipping company, which offers its services across…

  • By: Staff
  • November 16, 2023 November 16, 2023
  • 11:00

Survey finds 77% of U.S. institutional investors worried about inflation and interest rates in 2024

A majority (77 per cent) of U.S.-based institutional investors expect interest rates and inflation to remain elevated in 2024, causing problems for risk assessments over…

  • By: Staff
  • November 16, 2023 November 16, 2023
  • 11:00

Amazon Canada supporting Edmonton-based deaf workers through employee education, training

Amazon Canada is supporting deaf employees at its Edmonton fulfilment centre through enhanced accessibility measures and manager training. The online retailer’s site-specific initiatives include classes…

  • By: Blake Wolfe
  • November 16, 2023 November 15, 2023
  • 09:00

Survey finds 47% of Canadian employees say employer’s foreign work policy influences job selection

Nearly half (47 per cent) of Canadian employees say a company’s policy on working remotely in a foreign country influences their choice of employer, according…

  • By: Staff
  • November 16, 2023 November 15, 2023
  • 09:00

Third of DC plan sponsors don’t expect employees to use financial wellness programs: survey

About a third (32 per cent) of defined contribution pension plan sponsors that currently don’t use a financial wellness program say it’s because they don’t expect…

  • By: Staff
  • November 16, 2023 November 15, 2023
  • 09:00
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CPPIB CEO pitches Calgary business crowd on benefits of staying in CPP

As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing…

Novartis encouraging employees to return to workplace with social event, new office design

Novartis Canada is enticing employees to spend more time working onsite with the opening of its new Montreal office space. The health-care company brought its…

  • By: Sadie Janes
  • November 15, 2023 November 14, 2023
  • 09:00

Survey finds unlimited vacation a top driver of employee belonging, engagement

Employees who have unlimited vacation are 43 per cent more likely to feel a sense of belonging at work, according to a new survey by…

  • By: Staff
  • November 15, 2023 November 14, 2023
  • 09:00
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CPPIB sells $2BN worth of fund interests, Caisse invests in Quebec media company

The Canada Pension Plan Investment Board is selling a portfolio of fund interests in 20 limited partnership buyout funds in a deal worth $2 billion.…

  • By: Staff
  • November 14, 2023 November 14, 2023
  • 11:00

Pension plans ready to invest in new Ontario Infrastructure Bank under right circumstances

The Ontario government’s new investment organization could incentivize institutional investors to take a closer look at infrastructure opportunities in the province, says Iftikhar Ahmed, a…

How group life insurance can support employee financial, mental wellness

A group life insurance policy can support employee financial and mental wellness as they pay off debt, mortgages and other liabilities, says Kevin Dorse, assistant…

  • By: Sadie Janes
  • November 14, 2023 November 13, 2023
  • 09:00

RBC, BMO commit to racial equity audits after shareholder pressure

The Royal Bank of Canada and Bank of Montreal have committed to racial equity audits after facing pressure from shareholders. Jeff Lanthier, a spokesperson from…

Stellantis, Unifor agreement includes transition to CAAT DBplus pension plan

The union representing 8,200 Stellantis employees has ratified a three-year collective agreement that includes pension gains. On Jan. 1, 2025, employees hired on or after…

  • By: Staff
  • November 14, 2023 November 13, 2023
  • 09:00

Survey finds 75% of global asset managers have an ESG policy

Environmental, social and governance considerations have gained traction in recent years with nearly 75 per cent of global asset managers saying they have an ESG…

  • By: Staff
  • November 13, 2023 November 13, 2023
  • 15:00
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CPPIB returns 0.1% in Q2 2024, led by credit, private equity

The Canada Pension Plan Investment Board returned 0.1 per cent during the second quarter of fiscal 2024, according to its latest quarterly report. By Sept.…

  • By: Staff
  • November 13, 2023 November 13, 2023
  • 09:00
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Survey finds just 44% of U.S workers reviewing retirement plan contributions during enrolment period

While a majority (87 per cent) of U.S. employees believe it’s a good idea to review their workplace retirement savings plan during their company’s open…

  • By: Staff
  • November 13, 2023 November 13, 2023
  • 09:00
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48% of Canadian employers feel pressure to meet DEI targets when hiring: survey

Half (48 per cent) of Canadian employers say they feel pressure to meet diversity, equity and inclusion requirements when hiring new candidates, according to a…

  • By: Staff
  • November 10, 2023 November 10, 2023
  • 15:00

57% of U.S. women say they don’t make enough to save for retirement: survey

More than half (57 per cent) of U.S. women say they don’t earn enough to save for retirement and 26 per cent say they agree…

  • By: Staff
  • November 10, 2023 November 10, 2023
  • 09:00
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RBC educating employees, reducing stigma around money matters through financial wellness hub

During Financial Literacy Month, the Royal Bank of Canada is supporting employees’ financial wellness through a new website that provides financial education and support. The…

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

An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • November 10, 2023 November 9, 2023
  • 09:00
SSQ Insurance, la Capitale rebranding as Beneva

OMERS invests $546.8M in sports conglomerate, CPPIB sells stake in German wind farm assets

The Ontario Municipal Employees’ Retirement System is acquiring an indirect five per cent stake in Maple Leaf Sports & Entertainment Ltd. The shares are part of…

  • By: Staff
  • November 9, 2023 November 9, 2023
  • 11:00
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Vestcor reduced carbon exposure in investment portfolios in 2022

Vestcor Inc. reduced the carbon exposure to several of its portfolios throughout 2022, according to its annual responsible investing report. The New Brunswick-based investment organization…

  • By: Staff
  • November 9, 2023 November 9, 2023
  • 11:00

OSFI’s draft pension cybersecurity standard may lead to duplication, increased risk: ACPM

The Office of the Superintendent of Financial Institutions’ proposed cybersecurity incident reporting standard could unintentionally lead to duplication and increased risk if it doesn’t reflect differences in…

  • By: Staff
  • November 9, 2023 November 9, 2023
  • 09:00