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New collective agreements for FCL, GFL staff include benefits improvements

New collective agreements for two separate groups of employees include improvements to health benefits and work-life balance. The negotiations between Federated Co-operatives Ltd. and Unifor, which have been bargaining since the last collective agreement expired on Aug. 31, 2020, include improvements to benefits, increased scheduling flexibility and a one per cent wage increase in each […]

  • July 28, 2021 July 28, 2021
  • 09:00

Gen X, millennials more worried about retirement than older generations: report

Millennials and generation X are more worried about retirement than older generations in the wake of the coronavirus pandemic, according to a new survey of U.S. workers by the National Institute on Retirement Security. Some 64 per cent of millennials (ages 25 to 43) and 54 per cent of gen-Xers (ages 44 to 55) are […]

  • July 20, 2021 July 19, 2021
  • 15:00

Aon, Willis Towers Watson merger receives European Commission’s conditional approval

Aon and Willis Towers Watson are confirming the European Commission’s conditional approval of the two companies’ proposed merger. “This is a major step that demonstrates continued progress toward obtaining regulatory clearances for the proposed combination,” said the companies, in a press release. “Both firms operate across broad, competitive areas of the economy and believe this approval affirms […]

  • July 12, 2021 July 12, 2021
  • 15:00

Colleges and Institutes Canada joining CAAT’s DBplus pension

Colleges and Institutes Canada is the latest employer to join the Colleges of Applied Arts and Technology’s DBplus pension plan. The organization, which is the voice of Canada’s colleges, Collèges d’enseignement général et professionnel, polytechnics and institutes, works with employers, governments and stakeholders, as well as helping partners around the world transform their education systems. CICan’s […]

  • July 6, 2021 July 5, 2021
  • 09:00

Value of assets in trusteed pension funds rises 6.6% in 2020 to $2.22 trillion: StatsCan

The value of assets held by Canadian trusteed pension funds increased to $2.2 trillion in the fourth quarter of 2020, according to new data from Statistics Canada. This was an increase of 4.7 per cent from the previous quarter, when the value of assets hit $2.12 trillion, and represents a 6.6 per cent year increase from […]

  • June 28, 2021 June 28, 2021
  • 09:00

Employees unsure whether employer provides substance abuse resources

An equal percentage of Canadian employees said their employer does (27 per cent) or doesn’t (27 per cent) provide resources to help those experiencing challenges related to substance abuse, according to the latest mental-health index from LifeWorks Inc. In addition, 40 per cent of respondents reported they either don’t know if their employer offers resources […]

  • June 25, 2021 June 24, 2021
  • 15:00

UPP appointing first managing director of responsible investing

The University Pension Plan has appointed Brian Minns as its first managing director of responsible investing. Prior to joining the UPP, Minns spent 10 years working for Addenda Capital Inc, culminating a three-year tenure as its vice-president of sustainable investing. In that role, he was responsible for impact investing and the implementation of environmental, social and […]

  • June 10, 2021 June 10, 2021
  • 09:15

Pandemic impacting employees’ financial well-being, work productivity: survey

The prolonged coronavirus pandemic’s effect on working Canadians’ financial well-being persists, with the stress taking a toll on their savings and their productivity in the workplace, according to a new survey by LifeWorks Inc. Although Canadian workers’ financial well-being score for April is negative 2.2, a slight improvement from February’s negative 2.8, the survey found […]

  • June 9, 2021 June 9, 2021
  • 09:00

Aon selling U.S. retirement assets on road to Willis Towers Watson merger

Aon is selling its U.S. retirement business to Aquiline Capital Partners and its retiree health exchange business to Alight Solutions for a total of US$1.4 billion. The sales are intended to address questions raised by the U.S. Department of Justice ahead of the pending merger of Aon and Willis Towers Watson, according to a press […]

  • June 8, 2021 June 8, 2021
  • 09:00

Bankruptcy and insolvency bill will negatively affect struggling DB pensions, says ACPM president

The Association of Canadian Pension Management is urging parliamentarians to vote down the final version of a new bankruptcy and insolvency bill. If passed, Bill C-253, also titled the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act (pension plans and group insurance plans), would force super priority on Canadian pension plan members in […]

  • June 8, 2021 June 11, 2021
  • 09:00