Roughly two-fifths (41 per cent) of plan sponsors reported offering virtual health-care services through their benefits plan, according to the 2021 Benefits Canada Healthcare Survey. Among these plan sponsors, 33 per cent said they paid extra to add virtual care to their plan, while 67 per cent said it was part of their standard plan at […]
Over the next three years, 67 per cent of plan sponsors said they anticipate investing money and/or staff resources in wellness areas outside of their health benefits plan, with 51 per cent focusing on investments in emotional or mental health, according to the 2021 Benefits Canada Healthcare Survey. It found 14 per cent of plan sponsors […]
Women held 23.4 per cent of the total 4,914 board seats among Canadian companies providing disclosure for 2021 — a steady increase of 2.2 per cent from 2020’s year-end results, according to Osler, Hoskin & Harcourt LLP’s latest diversity report. The report tracked companies subject to the Canada Business Corporations Act that disclosed the number of […]
American Express Co. is eyeing January for the tentative launch of its hybrid working model. In an internal memo, Stephen J. Squeri, chairman and chief executive officer of American Express, said the model will go into effect only in locations where the company makes a full return to the office, likely starting with Germany, the […]
More than a third (38 per cent) of Canadian plan members who currently work from home said they’re concerned about interacting with people who aren’t vaccinated when they return to their workplace, according to the 2021 Benefits Canada Healthcare Survey. A slightly smaller percentage (34 per cent) of plan members who aren’t currently working at home […]
Canada ranks 12th out of 43 countries for its pension system, according to a new report by Mercer and the CFA Institute. The countries in the report were ranked on the adequacy and integrity of their pension systems and the sustainability of pension investments. Overall, Canada received a grade of 69.8 — 8.8 points above the […]
The decision to favour contributors to Italy’s defined benefit pension plan during its transition to a defined contribution model favours early retirees and disadvantages younger people, according to an article in the Journal of Pension Economics and Finance. In 1995, Italy’s public pension plan, which operates in a similar manner to the Canada Pension Plan, […]
The Canada Pension Plan Investment Board is committing $1.3 billion to a logistics fund involved in projects in major urban centres in Japan. The GLP Development Partners IV fund, managed by the Singapore-based GLP, will focus on developing modern logistics facilities in large-scale projects around Tokyo and Osaka. So far, the fund has raised $3.6 […]
Despite the coronavirus pandemic’s impact on the U.S. not-for-profit sector in 2020, employees participated in 403(b) retirement plans at the highest level since tracking began in 2008, according to a new survey by the Plan Sponsor Council of America. The survey, which polled roughly 400 not-for-profit retirement plan sponsors, found overall retirement plan participation rose to […]
Canadian pension funds are among the institutional investors participating in Climate Engagement Canada, a new initiative to promote a net-zero economy. The initiative, which is coordinated by several investor networks, is launching with 27 institutional investors that collectively manage more than $3 trillion in assets, according to a press release. The participating pension funds include […]