A third (33 per cent) of Canadians say their employer doesn’t offer workplace addiction support programs, according to LifeWorks Inc.’s latest mental-health index. The survey, which polled 3,000 working Canadians, found the overall mental-health score rose very slightly in March to negative 10.5 points from negative 10.6 in February. However, those without workplace addiction support […]
An announcement regarding long-awaited amendments to the Patented Medicines Review Board regulations was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. PMPRB drug pricing regulations officially coming into effect this July 2. Key stakeholders highlighting value of private payer health care amid plans for […]
More than half (57 per cent) of employees say feeling recognized in their current role would reduce the likelihood that they’d take a call from a headhunter, according to a new survey by Achievers Workforce Institute. The survey, which polled more than 4,200 employees and more than 1,600 human resources leaders, found 64 per cent of […]
The Canada Pension Plan Investment Board is investing $31.25 million in a Toronto-based energy storage provider. Hydrostor Inc. provides utility integration services related to long-duration energy storage that enables grid operators to scale the renewable energy capacity of grids. The proceeds of the investment will be used to finance the development of compressed air energy […]
The Alberta Investment Management Corp. secured a return of 14.7 per cent in 2021, according to a press release. During the year, the AIMCo’s assets under management reached $168.3 billion, up from $146.6 billion in 2020. Following the record-breaking performance, its annualized total fund return rose to 7.4 per cent on a four-year basis and 8.6 per […]
As the coronavirus pandemic continues, 96 per cent of U.S. employers say their employees are stressed out, with 58 per cent saying they’re “somewhat” stressed out and 38 per cent saying they’re “very” stressed out, according to a new survey by the International Foundation of Employee Benefit Plans. In addition, 88 per cent said the […]
The top three countries in the world for work-life balance are the Netherlands, Switzerland and Sweden, according to a new report by global employee benefits and insurance firm William Russell. The report, which looked at which countries have the best mental well-being in the world, analyzed a list of countries in the Organization for Economic […]
The Ontario Teachers’ Pension Plan is renaming its venture capital and global private equity arm. Previously known as the Teachers’ Innovation Platform, the arm will now operate as Teachers’ Venture Growth. The change aims to make TVG’s purpose clearer to would-be investees, according to a press release. The platform launched in 2019, beginning with an […]
The University Pension Plan is appointing Christophe L’Ahelec as head of public markets. L’Ahelec, who advised the UPP on the implementation of its investment activities in the months leading up to the plan’s launch in July, joined the organization as director of its external manager program. Previously, he was a senior principal at the Ontario Teachers’ Pension […]
The Ontario Municipal Employees Retirement System is selling its maritime infrastructure subsidiary. The deal with VINCI Concessions Canada Inc. will see the OMERS hand off BPC Maritime Corp., which the pension fund has held as a wholly owned subsidiary since 2003. While the exact terms of the deal weren’t disclosed, the BPC will retain its 65.1 […]