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Penad Pension Services Ltd. is acquiring Ontario-based SeclonLogic Inc., a defined benefit pension plan and group benefits administration software solutions company. “I am confident that this transaction will leverage the products and services of the combined firm to the benefit of our clients and partners,” said Matthew Price, president of the Penad Group of Companies, in […]

  • By: Staff
  • April 14, 2021 April 13, 2021
  • 09:00

Manulife is rewarding its group benefit and individual insurance members of its Vitality health and wellness program who receive the coronavirus vaccine with points. The Manulife Vitality program encourages Canadians to get healthier and awards vitality points, which members can use to achieve new status levels and unlock different rewards, noted a press release. And […]

  • By: Staff
  • March 25, 2021 March 25, 2021
  • 09:00

For years, many employees had ad hoc, work-from-home arrangements with their employers. Then came the coronavirus pandemic, which kicked the shift to remote working into overdrive, forcing employers to spring into action to find ways to best use group benefits plans to support their employees through the change. As a result, employers came up with […]

Although women must work two years longer than men to be retirement ready, they still retire with 30 per cent less wealth than their male counterparts, according to a Mercer Canada retirement readiness report. The report found women enter retirement with lower retirement savings than men and they also must work longer to achieve retirement […]

  • By: Staff
  • March 10, 2021 March 10, 2021
  • 17:37
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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
Navacord acquiring Ontario-based benefits firm

Navacord Corp. is further expanding its group benefits business by acquiring Penmore Benefits Inc. A division of The Penmore Group, Concord, Ont.-based Penmore Benefits Inc., provides comprehensive benefits and retirement programs, including international benefits, for small- to medium-sized businesses across both private and public sectors. The company will continue to operate independently and maintain its commitment […]

  • By: Staff
  • February 8, 2021 March 26, 2021
  • 09:00
The Co-operators partnering with EQ Care on virtual health-care services

The Co-operators Life Insurance Co. is partnering with EQ Care to provide the benefits provider’s plan members with virtual health-care services. “The second wave of COVID-19 is having a major impact on our plan sponsors as they continue to keep their plan members safe while also taking care of their businesses,” said Conor Quinn, vice-president […]

  • By: Staff
  • February 3, 2021 March 26, 2021
  • 09:00
Canada Life absorbing TD Bank Future Builders’ RSP program plan members

The Canada Life Assurance Co. is absorbing the Toronto-Dominion Bank’s TD Future Builders retirement savings plan program members as of March 19. “We believe Canada Life will deliver a strong group retirement and savings experience that supports the needs of TD Future Builder business customers and their employees, while allowing [Toronto-Dominion Asset Management Inc.] to focus […]

  • By: Staff
  • January 6, 2021 April 14, 2021
  • 09:00
SSQ Insurance, la Capitale rebranding as Beneva

SSQ Life Insurance Co. Inc. and la Capitale Insurance and Financial Services are rebranding as Beneva, a mutual insurance company with more than $20 billion in assets under its management. In January 2020, the two companies announced they were merging operations in a bid to grow their presence from coast to coast, noted a press release. “By joining together, […]

  • By: Staff
  • December 4, 2020 December 4, 2020
  • 16:00
Using benefits data, return to basics to weather coronavirus pandemic

With the coronavirus pandemic affecting plan sponsors in different ways, they can return to the basics and use data to manage their benefits spend, according to a webinar hosted by the Canadian Pension and Benefits Institute on Tuesday. “It’s helpful for companies to pivot and take the conversation back to the basics, which is discussing the […]