The British Columbia Investment Management Corp. is appointing Ken Bennett as strategic advisor for its private equity program, effective immediately. In the new role, he’s tasked with overseeing long-term value creation activities in the BCI’s private equity global portfolio and managing strategic partnerships with current and prospective management teams. As part of the appointment, he’s […]
In its pre-budget submission to the federal government, the Canadian Life and Health Insurance Association highlighted variable payment life annuities, automatic features in pension plans, pharmacare and virtual health care as areas that require attention. While the CLHIA said it supports the concept of VPLAs as a decumulation solution for defined contribution plan members, it […]
A global financial services and management platform firm backed by the Caisse de dépôt et placement du Québec and the Canada Pension Plan Investment Board is reporting US$2 trillion in assets on its platform. FNZ is partnered with more than 650 financial institutions and serves around 12,000 wealth management firms. The value of assets in […]
Benefits Canada is pleased to announce the finalists of the 2025 Workplace Benefits Awards. This year’s finalists were chosen from more than 80 entries across 11 categories, representing Canadian employers and plan sponsors that are truly leading the way with their support and resources for employees’ physical, mental, financial and social well-being. The winners will be […]
An article on the how capital accumulation plans are increasing their exposure to private assets 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: How does increased exposure to private assets impact CAP members’ financial health, retirement readiness? Pension […]
More than four in five (81 per cent) public sector employees had access to medical or dental benefits in 2024, compared to around two-thirds (62 per cent) of private sector workers, according to Statistics Canada. Access to paid vacation leave followed a similar pattern, with more than four in five (82 per cent) public sector […]
A new regime of higher bond yields is pushing defined benefit pension plan sponsors around the world to diversify asset holdings and increase liability-driven investment flows, according to a new report by FTSE Russell. Despite a nearly 10-year low for credit spreads, high absolute yields increased discount rates sharply for DB plans, particularly in the […]
U.S. employers are anticipating a median health benefits cost trend of nine per cent in 2026, which could be offset to 7.6 per cent with changes to plan design, according to a new survey by Business Group on Health. The survey, which polled more than 120 employers representing 11.6 million plan members, found, on a […]
The Financial Services Regulatory Authority of Ontario is inviting stakeholders to provide their input on the proposed guidance in support of permanent target-benefit framework for multi-employer pension plan sponsors. The guidance explains how the FSRA will oversee and apply Ontario’s framework, which came into effect on Jan. 1. Read: FSRA monitoring target-benefit framework, pension risks in […]
Fewer than one in 10 Canadian employees use workplace artificial intelligence tools daily, even as more than half say the technology boosts productivity, according to a new survey by TD Bank Group. The survey, which polled more than 2,500 workers, found 56 per cent of Canadians who use AI at work said the tools enhance […]