While traditional therapy benefits and virtual-care options are now table stakes in benefits plans, there’s more employers can do to equip employees with the resources to manage their mental-health challenges and build resilience, said Rebecca Smith, director of group life and disability services at Medavie Blue Cross, during Benefits Canada’s 2022 Mental Health Summit in […]
When Bell Canada launched its Bell Let’s Talk initiative in 2010, the telecommunications company announced a plan to spend $155 million on fighting stigma, improving access to care and funding research for mental health — but it also knew it had to lead by example. One of the pillars of its plan was improving the […]
When Saskatchewan’s Public Employees Pension Plan’s board introduced alternatives to its investment lineup in 2020 with an aim to improve the defined contribution plan’s risk-adjusted returns through diversification, it wasn’t its first time at the rodeo. The move came after 15 years of experience and comfort with alternatives through the PEPP’s defined benefit companion plan, […]
When defined contribution plan sponsors conduct due diligence on target-date fund providers, they’re often considering questions of active versus passively managed funds, the benefits of glide paths that glide to versus through retirement, strategic versus tactical funds and a provider’s approach to environmental, social and governance investing. But according to Sarah Donahue, director of consultant […]
Responsible investing can drive stronger risk-adjusted returns and is increasingly being seen as a tool for prudent risk management, but defined contribution plan sponsors must understand target-date fund managers’ varying approaches to implementing environmental, social and governance factors into these funds. DC plan sponsors have myriad challenges to address when considering ESG investing options, including […]
As greater numbers of defined contribution pension plan members ask for environmental, social and governance-friendly investment options, plan sponsors will need to grapple with how to implement these solutions into their target-date funds. “From some studies that we’ve done, there’s definitely investor demand,” said Michael Greenberg, senior vice-president and portfolio manager at Franklin Templeton Investment Solutions, […]
After living through a prolonged global pandemic, Canadian benefits plan sponsors are facing a professional environment that’s almost unrecognizable to pre-2020 years. The coronavirus pandemic affected employees at a personal level and is also being felt by employers and their workplace benefits plans, said Jason Kennedy, general manager of virtual pharmacy for TELUS Health, during […]
A typical patient’s journey takes plan members from the doctor to the pharmacy for medication and then leaves them on their own. But employees’ lives aren’t static, with factors like age, mental and physical health, stress and activity level having the potential to impact how effectively those medications work, said Frederic Simard, co-founder and chief […]
Employers are increasingly facing a tight labour market and need to compete for top talent with a stronger benefits offering. Using technology to compare offerings across insurance companies and other providers can ensure employers have a cost-competitive plan that speaks to employees’ needs, said Matt Lister, co-founder and chief executive officer at CloudAdvisors, during Benefits […]
After navigating the unpredictable markets of the past two decades, some defined benefit pension plan sponsors could be forgiven for wanting to seek out some certainty. But a new threat has emerged in the form of rapidly rising inflation and the possibility of rate increases after decades of persistent lows. The consumer price index increased […]