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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 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

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

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

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

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 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

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

Morneau Shepell Ltd. is rebranding under the name LifeWorks Inc. The company announced its intention to rebrand in March, which was subsequently approved by its shareholders following a vote at the company’s annual meeting on May 14.  Read: Morneau Shepell rebranding as LifeWorks “By connecting the two words — life and work — the purpose of our organization is made […]

  • May 17, 2021 May 17, 2021
  • 15:00

Canadian employers are making ongoing changes to their pension and benefits offerings as the coronavirus pandemic drags on, according to a new survey by the International Foundation of Employee Benefit Plans. The survey found almost one in five (18 per cent) employers offering prescription drug coverage have extended the time allowed under prior authorization periods, […]

  • May 5, 2021 May 5, 2021
  • 09:00