Newfoundland and Labrador residents can now unlock benefits held in locked-in retirement savings arrangements for reasons of financial hardship or non-residency in Canada. The changes are in effect as of March 1 and only affect locked-in retirement savings arrangements such as locked-in retirement accounts, life income funds and locked-in retirement income funds, according to a press […]
Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from CIBC Mellon. It found among funds that have taken asset management in-house, 66 per cent said they achieved savings. Of those, 91 per cent reported more than 10 per cent […]
The Ontario Teachers’ Pension Plan is acquiring The Carlyle Group’s majority stake in Logoplaste, a Portugal-based rigid plastic packaging designer and manufacturer of items. Logoplaste’s products are used by a wide range of global blue-chip clients and its business model centres on the development of strong and long-standing partnerships with customers through dedicated facilities, fully […]
The Canadian Life and Health Insurance Association is calling on the federal government to provide Canadians with access to more-secure retirement income. In its submission to the 2021 federal budget, the CLHIA recommended that Canadians in and approaching retirement have access to flexible annuity options within registered pensions, registered retirement savings plans, registered retirement income […]
Canada Life Assurance Co. is introducing a new health-coaching program, led by Shoppers Drug Mart Inc.’s Health Solutions team, to help Canadians prevent and manage chronic conditions. The new program will be delivered remotely by pharmacists, nurses and dietitians, allowing for employers to continue to support their employees during the coronavirus pandemic, noted a press […]
A new survey by Ipsos for the Canadian Cancer Society showed 88 per cent of Canadians support extending the employment insurance sickness benefit to at least 26 weeks from the current 15. The cancer society has long advocated for this measure to ensure people living with cancer have more paid time off of work to […]
The British Columbia Investment Management Corp. is committing to five-year climate-related targets for its public markets program. The pension fund is targeting a cumulative $5-billion investment in sustainability bonds and a 30 per cent reduction of carbon exposure in its global public equities portfolio by 2025, according to a press release, which noted the targets […]
Following a pilot program, Unilever Canada Inc. is making its partnership with Maple to provide ongoing, on-demand virtual care to the employees of the consumer-goods company permanent. Unilever implemented the pilot program via the health-care platform in the early months of the coronavirus pandemic last spring in a bid to increase its employees’ peace of […]
More than three-quarters (76 per cent) of companies have no diversity or inclusion goals of any nature, according to a new survey by human-resources analyst Josh Bersin. The survey found among more than 800 human resources professionals surveyed, 75 per cent said their companies don’t include diversity, equity and inclusion in their leadership development and […]
The Caisse de dépôt et placement du Québec is reinvesting $25 million in the Quebec Emerging Managers Program. The investment is part of a $110-million contribution and will promote the growth of Quebec’s emerging managers and support its asset management ecosystem, according to a press release, which noted the Caisse’s initial $25-million investment was in […]