The U.S. Department of Labor has filed a lawsuit against the International Association of Machinists (IAM) National Pension Fund and its board of trustees, citing multiple violations of the Employee Retirement Income Security Act. The lawsuit, which was filed at the end of January, alleges that the IAM National Pension Fund trustees breached their fiduciary […]
2015 saw assets rise to $282.6 billion
The CPP fund ended 2015 with net assets of $282.6 billion, compared to $272.9 billion at the end of the previous quarter, according to the latest results from the Canada Pension Plan Investment Board (CPPIB). The $9.7-billion increase in assets for the quarter consisted of $12.3 billion in net investment income after all CPPIB costs, less $2.6 billion […]
Manulife Financial Corporation has reached an agreement in Canada with The Vitality Group (Vitality) to introduce life insurance that rewards people for healthy living. The partnership will be first launched within Manulife’s term insurance solutions before it is expended to other product lines over time. It includes financial protection, opportunities to save on insurance premiums, and allow users to earn valuable […]
The five most common employee benefits offered by Canadian employers are health and dental insurance, group life insurance, training expenses, vehicle allowances, and gifts and awards, according to a survey by the Canadian Payroll Association (CPA). Its Employment and Retirement Benefits Survey, which polled nearly 4,000 payroll practioners across Canada, rounded out the top 10 employee […]
Aon Hewitt has acquired Modern Survey, an employee survey and talent analytics solutions provider. According to a statement from Aon Hewitt, the transaction strengthens its suite of workforce analytics solutions, including business and human capital analytics, employee engagement, onboarding and exit surveys and 360-degree feedback. Read: Employee engagement difficult to measure: survey “It is increasingly crucial for our […]
Three-quarters (75%) of organizations globally have now introduced flexible working policies to enable staff to vary their hours and use technology to work from home, according to new research by Vodafone. Its survey, Flexible: friend or foe?, which polled 8,000 employers and employees in 10 countries, found that respondents believed performance had been enhanced as a result […]
Employee Financial Well-Being will roll out an online financial education pilot program called Money Ecademy, which is designed to engage and nudge employees towards better financial habits and health. The pilot program, which will be around three months in length, will be launched at a number of organizations this month. Each workplace will be made up of 100 […]
Only one in five (20%) of North American companies find merit pay to be effective at driving higher levels of individual performance at their organization, according to new research by Willis Towers Watson. Its Talent Management and Rewards Pulse Survey, which polled 150 large and mid-size employers in Canada and the U.S., found that just […]
The Benefits Alliance Group is to launch a new online HR service, which will be available to its nearly 6,000 group benefits clients through Sudbury-based HR company Humaniqa. The service, ‘Human Resource Solutions Made Simple,’ supports small to medium-sized organizations across Canada to manage their HR functions. It includes unlimited 24/7 access to a wealth […]