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Top 5 HR, benefits, pension and investment stories of the week

An article on how national dental-care and pharmacare programs will impact unionized employees was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How national dental-care, pharmacare programs will impact unionized employees 2. Survey finds 56% of Canadian workers reporting reduced productivity […]

  • October 4, 2024 October 3, 2024
  • 09:00

Canadian insurers paid out record $128BN in health, retirement benefits in 2023: CLHIA

Canada’s life and health insurers paid out a record $128 billion in health and retirement benefits last year, up from $114 billion in 2022, according to the Canadian Life and Health Insurance Association’s annual fact book. “The benefits that life and health insurers provide through workplace plans and individual policies contributed significantly to Canadians’ health […]

  • October 3, 2024 October 1, 2024
  • 15:00

IMCO increasing investments in clean energy transition assets: report

The Investment Management Corp. of Ontario has increased its stake in climate solution investments to 11.5 per cent of its portfolio, equivalent to $2.1 billion, according to a new sustainability report by the investment organization. It noted the IMCO is aiming to hold $5 billion in transition assets by 2027 and to deploy 20 per cent […]

  • October 3, 2024 October 2, 2024
  • 11:00

Canadian institutional investors allocating 3% to domestic equities: report

Canadian institutional investors are allocating only three per cent of their funds to domestic equities, according to a new study from London-based think thank New Financial LLP. The report, which analyzed 13 countries’ pension systems, found the U.S. had the highest allocation to domestic equities (44 per cent), while Norway had the lowest (0.5 per cent). […]

  • October 2, 2024 October 2, 2024
  • 15:00

Survey finds 56% of Canadian workers reporting reduced productivity due to financial concerns

More than half (56 per cent) of Canadian employees say they’re less productive at work due to financial concerns, according to a new survey by the National Payroll Institute. The survey, which polled 1,500 employees, found the percentage of Canadians who consider themselves financially stressed increased to 41 per cent from 37 per cent in […]

  • September 27, 2024 September 27, 2024
  • 15:00

Caisse buying 25% stake in U.K. electricity firm, investing in forestland portfolio

The Caisse de dépôt et placement du Québec is acquiring a 25 per cent stake in U.K.-based First Hydro Co. alongside Brookfield Asset Management and its renewables affiliate. While the financial details of the transaction weren’t disclosed, the deal is expected to close by the end of the year, according to a press release. Global […]

  • September 27, 2024 September 26, 2024
  • 15:00

Canadians with employer-sponsored health benefits 20% more likely to seek care when needed: survey

Canadians with an employer-provided benefits plan are 20 per cent more likely to seek care when needed and 25 per cent more likely to report better health than those without health benefits, according to a new survey by Blue Cross of Canada. The survey, which polled more than 2,100 working adults, found those with employee […]

  • September 27, 2024 September 30, 2024
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on how the Canadian Association of Pension Supervisory Authorities’ updated capital accumulation plan guideline will impact plan sponsors and members was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. How CAPSA’s updated CAP guideline will impact plan sponsors, […]

  • September 27, 2024 September 26, 2024
  • 09:00

HOOPP’s Jeff Wendling retiring in 2025

Jeff Wendling, president and chief executive officer at the Healthcare of Ontario Pension Plan, will be retiring in 2025 after more than 25 years with the organization. He’ll remain in the position until the HOOPP’s board of trustees names a successor and will work with the board to ensure a smooth transition, according to a […]

  • September 26, 2024 September 26, 2024
  • 11:00

Feds seeking feedback on solvency reserve accounts for federally regulated DB pension plans

The federal government is currently seeking recommendations about its plan to introduce solvency reserve accounts for federally regulated defined benefit pension plans. Under the government’s proposed model, first announced in 2022, these accounts would be optional and constitute a separate account within a DB plan. In a press release, the government said solvency reserve accounts […]

  • September 26, 2024 September 30, 2024
  • 11:00