WINNIPEG — While traditional insurance companies and some of the disruptors coming on the scene would presumably be fierce competitors, there’s lots of room for them to work together, participants at the Canadian Pension and Benefits Institute’s national forum heard. “The insurance companies are late bloomers when it comes to the digital world,” said Lisa […]
Employer appetite for investing in wellness appears to be waning, delegates heard at the Toronto launch of the 2017 Sanofi Canada health-care survey. Representatives from the benefits industry, who also served on the survey’s advisory board, were surprised and concerned by these findings as they shared insights from the research at the event on Tuesday […]
The percentage of employees who agree their organization’s corporate culture encourages health and wellness has dropped in the past five years to 53 per in 2017 from 62 per cent in 2012, according to the 2017 Sanofi Canada health-care survey. Among employers, 64 per cent feel their corporate culture encourages wellness, although that’s still a […]
The Canadian Bar Insurance Association has rebranded its offering of insurance and investment options for Canadian lawyers under the name Lawyers Financial. “Outside of major national law firms, there are thousands of lawyers across the country who don’t have access to group insurance coverage for life insurance, critical illness and disability insurance, as well as financial […]
As an aging workforce submit more claims, is your organization considering benefit plan changes to reduce costs? And if it is, is a total plan redesign necessary or can you simply make a few tweaks here and there? Toromont Industries Ltd. in Concord, Ont., for example, has completely revamped its benefits offering, with a tiered […]
Mental health is making headlines. This year, the annual Bell Let’s Talk campaign generated $6,585,250 via 131,705,010 social media and text message interactions to support mental-health efforts and programs. Politicians are also putting money towards Canadians’ psychological well-being, with the federal government seeking to dedicate hundreds of millions of dollars to mental-health services through provincial […]
Moderators: Sharon Seifried, national vice-president for corporate accounts, group retirement solutions; and Fraser Wiswell, assistant vice-president for group retirement solutions, at Manulife Financial With the decline of retiree benefits, rising drug costs and government funding constraints, plan members may not appreciate what their health-care costs will be in retirement, said Wiswell. “Plan members without benefits […]
The Prince of Wales’ Accounting for Sustainability project has launched a Canadian chapter of its chief financial officer network that will focus on the role the finance community plays in integrating environmental and social issues into financial decision-making. Founding members of the Canadian chapter, which is the first outside Europe, include chief financial officers from […]
Toronto city councillors are asking questions after the municipality’s auditor general raised red flags about several questionable benefits claims, including the case of an employee who submitted claims for 66 pairs of orthotics and orthopedic shoes between 2013 and 2015. “We’re supposed to believe that a child needed 66 pairs of orthotics in a year?” asked Coun. […]
Fewer Canadians report being financially unwell than last year, according to Manulife’s annual financial wellness index. According to the survey, 40 cent of Canadians are financially unwell, which is down from 45 per cent last year. About a quarter (26 per cent) of respondents said they’re financially OK and a third (34 per cent) said they’re doing well financially. The top […]