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A majority of plan sponsors (80 per cent) and plan members (77 per cent) described the quality of their health benefits plans as excellent or good, according to the 2022 Benefits Canada Healthcare Survey. Employers with 500 or more employees (86 per cent) were more likely than those with fewer than 50 employees (72 per […]

  • By: Staff
  • October 3, 2022 October 3, 2022
  • 09:00

A majority (88 per cent) of benefits plan sponsors are very (34 per cent) or somewhat (54 per cent) satisfied with their organization’s virtual health-care offerings, up from nearly three-quarters (74 per cent) in 2021, according to the 2022 Benefits Canada Healthcare Survey. More than a quarter of plan sponsors (29 per cent) and plan […]

  • By: Staff
  • September 26, 2022 September 26, 2022
  • 09:00

Ontario-based StoneRidge Insurance Brokers Corp. is acquiring employee benefits consultancy MultiCare Group. The acquisition will allow StoneRidge to provide a full range of insurance, risk advisory and benefits services to employer clients, according to a press release. Adam Lewis, president of MultiCare, will join StoneRidge and Scott Studley has been appointed executive vice-president of the company’s […]

  • By: Staff
  • September 21, 2022 September 21, 2022
  • 15:00

Canadian life and health insurers processed nearly $600 million in claims related to mental health in 2021, up 45 per cent since 2020 and 75 per cent since 2019, according to the Canadian Life and Health Insurance Association’s annual fact book. “2021 was a year of recovery and insurers have been proud partners helping employers […]

  • By: Staff
  • September 16, 2022 September 15, 2022
  • 09:00

AGA Benefit Solutions is acquiring Vancouver-based Aptus Benefits Inc., a group benefits and retirement consultancy with expertise in collectively bargained plans and executive disability programs. Private equity firm Novacap will finance the acquisition, which is expected to expand AGA Benefit Solutions’ reach into Western Canada, according to a press release. Read: AGA Benefit Solutions acquiring J&D Benefits […]

  • By: Staff
  • September 9, 2022 September 9, 2022
  • 15:00
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Telus Corp. has completed its previously announced acquisition of LifeWorks Inc. With the completion of the $2.9 billion transaction, LifeWorks has become a wholly owned subsidiary of Telus and will be integrated into Telus Health, according to a press release. Read: Telus acquiring LifeWorks for $2.9 billion “We are excited to be joining the Telus Health […]

  • By: Staff
  • September 2, 2022 September 2, 2022
  • 15:00
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Nearly half (48 per cent) of U.S. workers say inflation is making it difficult for them to pay for their employee benefits, according to a survey by the Hartford Financial Services Group Inc. The survey, which polled 900 employees, found although more than a third (39 per cent) said their overall health has improved thanks to […]

  • By: Staff
  • September 1, 2022 August 31, 2022
  • 09:00
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There’s no question that Canadians value their private health benefits, even with pharmacare discussions back on the table. In a recent Abacus Data study, 78 per cent of respondents said they feel group benefits plans increase the availability and affordability of health services in Canada, as opposed to undermining universal health coverage. Furthermore, 92 per […]

With the 2015 merger of Kraft Foods and H.J. Heinz Co., Kraft Heinz Canada was left with a “mixed bag” of savings and retirement programs. It’s goal for a new streamlined program was a mandatory base plan and a voluntary component with 100 per cent employee participation. “It was important for us to come together […]

Scotiabank has promoted Ayman Alvi to vice-president of global pension and benefits. Alvi joined the bank in 2019 as director of global benefits. Previously, he was a senior manager and consulting actuary at KPMG in Canada, a manager at PricewaterhouseCoopers, an actuarial associate at Willis Towers Watson (now WTW) and a senior pension specialist at […]

  • By: Staff
  • August 5, 2022 August 4, 2022
  • 09:00