In its capacity as plan administrator, Morneau Shepell Ltd. purchased several buy-in annuity contracts for the Stelco Inc. pension plan in July. The goals of the transaction are to preserve the favourable financial position of the plan, ensure fair treatment of all members and maximize benefit protection, said Morneau Shepell in a press release. The Canada Life Assurance Co., […]
Morneau Shepell Inc. has closed the previously announced acquisition of Mercer’s stand-alone, large market health and defined benefit pension plan administration business in the U.S. “We are pleased to welcome the very talented employees joining us with this acquisition and our new clients that we look forward to supporting and bringing exceptional service to their […]
Morneau Shepell Ltd. has appointed Mazen Shakeel as vice-president and practice leader for asset and risk management, effective July 2019. In the new role, he’ll assist plan sponsors with investment, outsourced chief investment officer, risk management and transfer-related needs. As an actuary with nearly 30 years of experience, Shakeel’s previous roles span the actuarial consulting […]
Morneau Shepell Ltd. has appointed Mazen Shakeel as vice-president and practice leader for asset and risk management, effective July 2019. In the new role, he’ll assist plan sponsors with investment, outsourced chief investment officer, risk management and transfer-related needs. Read: Morneau Shepell to acquire some of Mercer’s U.S. health, DB plan administration business As an actuary with […]
Morneau Shepell Ltd. is acquiring Mercer’s stand-alone, large market health and defined benefit pension plan administration business for U.S. employer clients. Mercer will continue to provide these services when they’re bundled with its consulting and brokerage services. It will also continue to provide large market health and benefits administration services for global employer clients with employees in […]
Over the last year, Morneau Shepell Ltd. has implemented innovative strategies that have fostered openness, diversity and well-being, according to its inaugural corporate social responsibility report. The company introduced new diversity and inclusivity practices in March 2018, implementing a board diversity policy to maintain a minimum of 30 per cent women and 30 per cent men. […]
Morneau Shepell Ltd. is offering its internet-based cognitive behavioural therapy program as an approved paramedical benefit through several insurance companies. The program, AbilitiCBT, delivers online CBT that combines therapist guidance with interactive exercises and activities. It focuses on changing negative thought patterns, emotional responses and behaviours to reduce absenteeism and improve engagement, shorten return-to-work timeframes and […]
The Co-operators Life Insurance Co. is adding online cognitive behavioural therapy to its extended health-care coverage from January 2019. The new offering, through Morneau Shepell Ltd., will be included alongside the insurer’s group benefits coverage for psychologists and social workers. “We’re proud to be one of the first group benefits providers to offer iCBT in our extended health-care coverage,” said […]
Morneau Shepell Inc. is acquiring employee assistance program and wellness provider LifeWorks Corp. Ltd. for about $426 million. “This acquisition is aligned with Morneau Shepell’s global growth strategy as well as our focus on technology innovations to create added value for our clients and their employees,” said Stephen Liptrap, president and chief executive officer of Morneau Shepell, […]
The Great-West Life Assurance Co. has partnered with Morneau Shepell Ltd. to offer web-based cognitive behavioural therapy to plan members receiving disability benefits for a mental-health condition. The program became available on June 4 to employers in Calgary, Regina, Winnipeg, Ottawa, Halifax, St. John’s and those cities’ surrounding areas, with plans expand the offering to the rest […]