Hybrid working is playing a role in cutting emissions due to reduced commutes with commuting into the office five days a week down 36 per cent since the beginning of the coronavirus pandemic, according to a new survey by IWG. In Canada, the widespread adoption of hybrid work is reducing Canadian workers’ impact on the […]
Capital accumulation plan member outcomes saw a modest decline in the second quarter of 2022, as rising interest rates and the corresponding rise in annuity rates helped offset the falling investment markets, according to Eckler Ltd.’s latest CAP income tracker. It found a typical male member retiring at the end of June 2022 achieved a […]
Hub International Canada West is entering a strategic agreement with National Bank Insurance Firm Inc. to acquire all of NBIF’s group insurance activities based in Edmonton. “We are excited the group insurance services team of NBIF has joined us and will help strengthen our employee benefits solutions for [plan sponsor] clients in Western Canada,” said […]
The Financial Services Regulatory Authority of Ontario is introducing a whistleblower program to more effectively identify misconduct in the pensions and non-securities financial services sectors. The program will apply to any individual or entity who comes forward in good faith with valuable, timely and non-public/insider information related to an alleged or intended contravention in any […]
Employers that provides employees with the choice of where to work are the ones that will thrive in the post-pandemic world, according to a new report by Cushman & Wakefield. The report, which is based on the global commercial real estate firm’s analysis of industry leasing data and surveys it has conducted since the onset […]
While 84 per cent of U.S. employees believe their employer should be responsible for their financial well-being, only 55 per cent feel their company is concerned about their financial wellness, according to a new survey by SoFi at Work and Workplace Intelligence. The survey, which polled 800 full-time employees and 800 human resources leaders, found three-quarters (75 […]
In 2020, more than 6.2 million Canadians put aside a total of $50.1 billion for their retirement by making contributions to their registered retirement savings plan, according to new data from Statistics Canada. Compared with a year earlier, contributions increased 13 per cent in 2020, while the number of contributors increased 4.9 per cent. In current dollars, the median RRSP contribution […]
Ride-share company Lyft Inc. is introducing a flexible working strategy. In a blog post, Kristin Sverchek, the organization’s president of business affairs, said almost all new and existing employees will have the choice of where to live and where to work. “Lyft employees can work from the office, at home or any combination of the two. […]
The British Columbia Municipal Pension Plan’s new Municipal Retiree Benefit Trust is joining the B.C. Investment Management Corp. The MRBT, which has $100 million in assets under management, is an employee life and health trust that provides group benefits to the MPP’s retirees and their spouses/dependants. It was recently created following a program review and redesign. […]
ArcelorMittal Long Products Canada is renewing three collective agreements with its employees, including improvements to the defined benefit pension plan, disability benefits and life insurance. The new six-year agreements were ratified by 800 unionized employees. For the DB plan, the agreements include a total $9 increase in the monthly pension credit, so at the end […]