Every year, plan administrators are faced with the unique challenge of finding creative ways to control benefits costs and enhance employee value.
Manulife Financial's plan members can now use TELUS' eClaims web portal for point-of-care claims submission when visiting their healthcare providers, thanks to a new agreement between the two companies.
During Benefits Canada’s annual DC Plan Summit, plan sponsors participated in interactive sessions. They split into small groups and were given questions to discuss. Based on these discussions, moderators later offered their insights and relayed key take-aways. Michael Ondercin, assistant vice-president, product marketing for group retirement solutions with Manulife Financial shares the best ideas from […]
Our 2013 Group Benefits Provides Report covered many topics, but we weren’t able to get to all of them in the magazine. Below are the answers to two questions that weren’t covered. Q. Are you seeing more interest in flex plans and healthcare spending accounts? Brad Fedorchuk, vice-president, group marketing, Great-West Life: We have not […]
Shifting demographics, the growing reality of expensive biologic drugs and the increasing prevalence of many chronic disease states in the workplace are all putting strain on employer-sponsored group benefits plans.
This is Part 4 of our 7th annual survey of CAP members. Read Part 1, Part 2 and Part 3. Despite widespread use of social media and mobile applications for staying in touch with friends, checking weather and picking restaurants, the vast majority of members of employer-sponsored retirement plans don’t yet use this technology to receive […]
Retirement plan sponsors may be disheartened to learn—once again—that members haven’t upped their usage of the various communication tools and services available.
The federal government introduced pooled registered pension plans (PRPPs) because legislators were worried about the low levels of pension plan coverage in the private sector. Recent data from the Office of the Superintendent of Financial Institutions (OSFI) support those concerns.
Stocks and bonds are the traditional investment choices for many institutional investors. But with equity markets now moving toward their previous peaks and fixed income yields near historic lows, institutional investors are returning to the land.
Chronic illnesses cost employers big dollars in declining productivity and soaring drug costs. One-third of Canadians are diagnosed with one of seven chronic diseases, many of which co-occur, according to Chris Bonnett, president of H3 Consulting.