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Scotiabank’s win at Benefits Canada’s 2021 Workplace Benefits Awards led to increased employee engagement and peer recognition, says Rosemary Hatnay, director and head of total rewards solutions and global human resources services. The bank won in the Pension plan communications category for its streamlined approach to its defined benefit plan statements, making essential information more accessible to plan […]

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An article on how Scotiabank is supporting employee financial well-being was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Scotiabank supporting employee financial well-being with pension info sessions 2. Expert panel: The future of work is flexible, prioritizes employee mental health 3. Canadian pension funds calling […]

  • By: Staff
  • June 3, 2022 June 2, 2022
  • 09:00
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A new multi-employer pension plan is being created for Canadian incorporated physicians. The Medicus Pension Plan, developed by MD Financial Management Inc. and Scotiabank, will provide physicians with predictable lifetime retirement income based on personal earnings and years of service with their medical corporation, while pooling investments, longevity and economic risks among all plan participants, […]

  • By: Staff
  • March 14, 2022 March 14, 2022
  • 15:00
Scotiabank to allow Canadian staff to buy more personal days

Scotiabank is increasing its focus on mental health through expanded benefits coverage and additional training for employees in leadership roles. Beginning April 1, 2022, all eligible employees and dependants will have $10,000 — up from a previous limit of $3,000 — in mental well-being services as part of their core coverage, including access to clinical counsellors, internet-based […]

  • By: Blake Wolfe
  • November 18, 2021 November 18, 2021
  • 09:00

Scotiabank’s focus on making essential pension information more accessible to plan members was recognized at Benefits Canada’s 2021 Workplace Benefits Awards on Oct. 14. The bank won in the Pension plan communications category for its streamlined approach to pension statements. In 2020, Scotiabank restructured its defined benefit pension plan statement into two versions — a simplified four-page […]

Recognition in not one, but two categories at Benefits Canada‘s 2020 Workplace Benefits Awards is helping get the word out to Scotiabank employees that the bank is a leading employer when it comes to benefits offerings, says Ayman Alvi, director of global benefits. Read: Who are the winners of the 2020 Workplace Benefits Awards? “We participated in the Workplace […]

Scotiabank’s director of global benefits talks navigating the coronavirus pandemic, enhancing the employee experience and planning for the post-pandemic workplace. Q: What top challenges do you face in your role? A: Primary challenges are ensuring we’re evolving our programs to meet the needs of a diverse and changing workforce and communicating these programs clearly. We […]

While the rollout of vaccines has the world cautiously optimistic about an economic recovery, a Scotiabank survey shows the coronavirus pandemic has Canadians concerned about their retirement future. According to the survey, 72 per cent of Canadians said they’re worried they’re not saving enough for retirement, while one-third (32 per cent) said they won’t be […]

  • By: Staff
  • January 25, 2021 April 14, 2021
  • 10:37

A Scotiabank retirement survey says more than half of respondents are concerned that financial pressure will force them to re-enter the workplace after they retire. The poll found that the average Canadian respondent expects to retire at 64 years old, while six per cent don’t plan to ever retire. Fear about losing their financial independence […]

Canadian Banks’ Bonds Outperform Global Peers

RBC and Scotia top the rest.