The Canada Pension Plan Investment Board is investing US$1 billion in energy firm ArcLight Capital Partners LLC’s AlphaGen, one of the largest independent power portfolios in the U.S. The investment will secure the CPPIB a strategic minority position in the power generation facility operator. The accelerating demand for electricity will make these assets play a […]
Social media is breathing new life into employers’ pension communications, helping to make the benefit resonate with different audiences and offering organizations a far wider footprint than traditional channels. In some ways, the coronavirus pandemic was one of the key drivers of increasing the use of social media in workplace communications, says Jeff Pekar, director […]
When a company is undergoing a merger or acquisition, it’s important to maintain consistency regarding benefits plans and streamline the process as much as possible. “It’s crucial to allocate the proper resources to make sure the process goes smoothly and benefits coverage is maintained or improved upon,” says Connie Cooper, associate vice-president of executive financial […]
In 2016, the Toronto Transit Commission sued its insurer for allegedly not having appropriate benefits fraud controls in place to detect unusual trends or patterns. The lawsuit was settled three years later. In the meantime, 10 people, including nine TTC employees, were convicted in relation to the scheme and more than 250 TTC staff resigned […]
The insurance company’s vice-president and head of human resources discusses embracing artificial intelligence and taking time to sit back, relax and connect with family. Q: What top challenges do you face in your role? A: A core part of my role is ensuring Manulife Canada is constantly evolving and continually looking for different ways to […]
An increase in the frequency of digital breaches among financial organizations is pushing institutional investors to take the necessary steps to prevent cyberattacks, says Sebastien Betermier, executive director at the International Centre for Pension Management. The complexity of the industry as well as the investment patterns of Canadian pension funds can create increased risk in […]
Nearly two-thirds (63 per cent) of U.S. employees use artificial intelligence tools to double-check their work, instead of tasks such as initial project research and data analysis (46 per cent), according to a new survey by software company Slingshot. The survey, which polled more than 250 U.S. employees and employers, found employees’ basic use of AI […]
While there are multiple opportunities for the use of artificial intelligence in the employee benefits space — including making the claims process more efficient and personalizing the plan member experience — one of the biggest advantages of the technology is the ability to streamline administrative tasks, allowing employees to focus on more value-added work in […]
When investing in technology companies with artificial intelligence capabilities, it’s important that institutional investors ensure these entities own — or have relationships with large internet players that own — proprietary data that can deliver value, said Rob Zeuthen, head of secular pod and senior portfolio manager at Newton Investment Management, during the Canadian Investment Review‘s […]
A story about the B.C. Lottery Corp.’s new inclusive holiday program was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week. 1. BCLC allowing employees to swap statutory holidays for personal, cultural days of significance 2. My Take: Obesity should be treated like […]