As competition to attract talent continues to heat up amid a tight labour market, the vast majority (90 per cent) of U.S. employers are planning to invest more in employee mental-health support, according to a new survey by Wellable. The survey, which polled almost 200 U.S. health insurance brokers and wellness consultants, found slightly more than […]
A story on the Toronto-Dominion Bank’s enhancement to its benefits offerings in 2022 with expanded family planning coverage took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. TD expanding fertility treatment coverage, bereavement policy 2. N.S. Pension Services Corp. appoints new CIO 3. 82% of Canadian workers think […]
The Nova Scotia Pension Services Corp. is appointing Steve Mahoney as its new chief investment officer, effective April 1, 2022. He’s taking over the CIO role from Elizabeth Vandenberg, who’s retiring after serving two decades with the N.S. Pension and its predecessors in various investment management positions. With more than 20 years in institutional investing […]
Financial sector workers with a keen understanding of sustainable finance issues are in high demand in Canada, according to a United Nations-backed report. The report, commissioned by the UN-linked Financial Centres for Sustainability, Deloitte and Toronto Finance International, was based on responses from individuals working at asset management companies, banks, insurance companies, pension plans and other financial sector organizations. While all […]
The Responsible Investment Association is appointing Patricia Fletcher as its incoming chief executive officer, effective Feb. 7, 2022. Prior to the new role, Fletcher was vice-president of education at the Institute of Corporate Directors. She spent nearly nine years as managing director at the Canadian Institute, three years as director of the Hay Group’s information […]
Abrupt changes in climate policies from governments around the world could lead to fire sales of climate sensitive assets held by institutional investors, according to a the results of a pilot scenario analysis project from the Bank of Canada and the Office of the Superintendent of Financial Institutions. “Climate transition risks are challenging to assess […]
The Caisse de dépôt et placement du Québec is increasing its stake in an energy company by 16.5 per cent. Following the transaction, the investment manager will control 80.9 per cent of Trencap, a limited partnership that controls Noverco Inc. The remaining shares in Trencap are held by the Fonds de solidarité FTQ, a Quebec-based […]
Toronto-based virtual-care platform Maple Corp. is acquiring Wello, a Calgary-based virtual health-care brand. Wello, which was founded in 2017, is a wholly-owned subsidiary of Coril Holdings Ltd. and provides access to virtual primary medical care to employees of more than 350 companies across Canada. Maple was founded in 2015 and is billed as “Canada’s largest […]
Almost two years into the global coronavirus pandemic, more than a third (35 per cent) of working Canadians are feeling burned out, according to a new survey commissioned by Canada Life’s Workplace Strategies for Mental Health and conducted by Mental Health Research Canada. The study measured a range of factors related to how employees are […]
Women in the U.S. with newly-minted bachelor’s degrees earn an average of US$52,266, compared to $64,022 earned by their male peers, according to a new study by the National Association of Colleges and Employers. The gender pay gap at the beginning of women’s careers mirrors the overall pay gap nationally, with the U.S. Bureau of Labor […]