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Canadian insurers paid out more than $97 billion in benefits from life and health insurance products in 2020, according to the Canadian Life and Health Insurance Association’s annual fact book. The period, which included the first nine months of the coronavirus pandemic, included $420 million paid out for psychology-related claims to support mental health, up 24 […]

  • By: Staff
  • September 15, 2021 September 15, 2021
  • 09:00
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The Canadian Life and Health Insurance Association is calling on the federal government to permit standalone variable payment life annuities to pool participants from all registered retirement plans. In its 2022 federal budget submission, the CLHIA said VPLAs, as enacted, will only be available to members of very large defined contribution pension plans, excluding Canadians […]

  • By: Staff
  • August 9, 2021 August 9, 2021
  • 15:00
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The Canadian Association of Pension Supervisory Authorities is developing a framework for defined contribution pension plans to offer variable payment life annuities. In developing the framework, the CAPSA said it will address topics such as plan design and conversion options, as well as member disclosure, spousal consent, plan termination, investment rules and regulatory oversight for […]

  • By: Staff
  • August 4, 2021 August 3, 2021
  • 09:00

While employees are being more open about their gender identities — whether they identify as gender fluid, intersex, non-binary, transgender or two-spirit — at work these days, there’s still progress to be made when it comes to benefits language, systems, plans and rate tables, says Chantelle Tadman, manager of benefits, savings plans and wellness at […]

The Canadian Life and Health Insurance Association has elected Michael Doughty, president and chief executive officer of Manulife Canada, as its chair. Doughty will take over the role from Jean-François Chalifoux, the president and chief executive officer of Beneva Inc., who was appointed chair in December 2020 and who’ll remain on the board as a past […]

  • By: Staff
  • June 4, 2021 June 5, 2021
  • 15:00
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The Canadian Life and Health Insurance Association is opening a government-affairs office serving Western Canada. The Calgary-based office will support the CLHIA’s members operating in the west and work with provincial and territorial governments and other regional stakeholders, according to a press release. The office is the association’s first permanent operation west of Toronto and will […]

  • By: Staff
  • March 2, 2021 March 2, 2021
  • 09:00
ACPM calling on feds to streamline pension overpayment recovery

The Canadian Life and Health Insurance Association is calling on the federal government to provide Canadians with access to more-secure retirement income. In its submission to the 2021 federal budget, the CLHIA recommended that Canadians in and approaching retirement have access to flexible annuity options within registered pensions, registered retirement savings plans, registered retirement income […]

  • By: Staff
  • March 1, 2021 March 1, 2021
  • 15:00
Health Canada delaying drug pricing reforms until July

Health Canada says it’s delaying the implementation of long-awaited changes to Canada’s drug-pricing regime by another six months. A spokesman for the department, says the amendments to patented medicine regulations, which were set to take effect Jan. 1, will now come into force on July 1. Geoffroy Legault-Thivierge says the postponement is intended to give pharmaceutical manufacturers […]

CLHIA’s Ontario budget submission highlights drug access, inflexible pension plans

In its 2020 budget submission to the Ontario government, the Canadian Life and Health Insurance Association is highlighting a lack of access to affordable prescription drugs and inflexible pension plans. With respect to prescription drugs, the CLHIA noted it supports the federal Patented Medicine Prices Review Board reforms, which were introduced on Friday. “It is crucial that the […]

  • By: Staff
  • October 26, 2020 October 26, 2020
  • 15:15
What’s the latest on benefits, retirement advisor fee disclosure?

When the Canadian Life and Health Insurance Association rolled out its proposed compensation disclosure guideline in January 2018, it quickly inflamed tensions with group benefits and retirement advisors. The guideline, G19, stipulated that all of the CLHIA’s insurer members begin disclosing to plan sponsors the fees, commissions and bonuses they paid to advisors. Facing backlash […]