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Buck Consultants relaunched as Conduent completes sale of consulting business

Conduent Inc. has completed the sale of its human resources consulting business to a fund managed by private equity investment firm H.I.G. Capital. The business, which was formerly known as Buck Consultants, has relaunched under that name. It will offer global integrated HR consulting, benefits administration and technology services. The deal, as reported in May 2018, included the […]

  • By: Staff
  • August 13, 2018 September 13, 2019
  • 16:00
2018 Consultants Report: New challenges for consultants as the landscape evolves

The job of a pension consultant has evolved considerably over Bita Jenab’s 30-year career in the field. The mid-1990s saw a greater focus on governance and the arrival of the investment consultant, while the 2000s featured a mass move to defined contribution plans and significant changes to pension legislation. Through all of that, plan sponsors […]

Lussier Dale Parizeau to acquire Quebec-based benefits advisor

Quebec-based insurance broker Lussier Dale Parizeau Inc. is acquiring employee benefits advisor Trinome Conseils. Following the acquisition, Lussier Dale Parizeau will have nearly 800 employees located in 28 branch offices and serving more than 155,000 employer clients. Trinome Conseils provides group insurance, pension, human resources and occupational health and safety services for employers. Read: Hub International […]

  • By: Staff
  • August 8, 2018 September 13, 2019
  • 15:30
SSQ partners with Allianz Global Benefits, Arthur Gallagher buys Winnipeg firm

SSQ Life Insurance Co. Inc. is partnering with Allianz Global Benefits to grow its group insurance business across Canada. “This type of collaboration is a first for SSQ Insurance,” said Geneviève Fortier, senior vice-president of distribution at SSQ Insurance, in a news release. “By adding the expertise and global reach of Allianz Global Benefits to our service […]

  • By: Staff
  • July 19, 2018 September 13, 2019
  • 10:20
CAAT plan enters into merger with Torstar

Torstar Corp. has entered into an agreement to merge its eight registered defined benefit pension plans with the Colleges of Applied Arts and Technology pension plan. The merger will take effect Oct. 1, 2018, subject to closing conditions and approvals, including the consent of Torstar plan members and the approval of Ontario’s superintendent of financial services. If […]

  • By: Staff
  • June 22, 2018 September 13, 2019
  • 10:37
Cigna acquires Express Scripts for $67 billion

Global health service provider Cigna Corp. is acquiring Express Scripts Holding Co. in a deal valued at $67 billion. The stock and cash transaction includes Cigna’s assumption of about $15 billion in debt held by Express Scripts. Upon closing, Cigna shareholders will own about 64 per cent of the combined company and Express Scripts shareholders will own […]

  • By: Staff
  • March 8, 2018 September 13, 2019
  • 09:00
U.S. corporate giants seek to shake up health industry with new company for employees

Three of the world’s largest organizations are joining up to form an independent health-care company with the aim of providing U.S. employees and their families with simple, reasonably priced and transparent health care. While the move by Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase and Co. is in the early stages, its initial focus will be on […]

Desjardins, Cumis to partner for new wealth management firm

The Desjardins Group and a partnership of Canada’s five provincial credit unions and the Cumis Group Ltd. are set to merge their subsidiaries to create a new wealth management firm, Aviso Wealth. The deal will make Aviso Wealth one of the country’s largest wealth management firms with more than $55 billion in combined client assets and more than […]

  • By: Staff
  • December 13, 2017 September 13, 2019
  • 09:30
Aberdeen Asset Management and Standard Life merger completed

The merger between Aberdeen Asset Management and Standard Life first announced in March has been completed. The new global investment company, Standard Life Aberdeen, has US$871 billion in assets under administration. “Today marks the culmination of many months of hard work and preparation by our business, and the beginning of a new chapter in our […]

  • By: Staff
  • August 14, 2017 September 13, 2019
  • 10:00
Shareholders approve Standard Life, Aberdeen merger

Shareholders have approved the proposed merger between Standard Life and Aberdeen Asset Management Inc. At Standard Life’s general meeting on Monday, 98.6 per cent of shareholders voted in favour of the all-share merger announced in March 2017. The merged investment firm, which will rebrand as Standard Life Aberdeen, will have its headquarters in Scotland. “Our […]

  • By: Staff
  • June 19, 2017 September 13, 2019
  • 18:50