Almost four in five (79 per cent) Canadian full-time employees said they’re willing to work four 10-hour days per week at their current rate of pay, according to a new survey by Maru Public Opinion. The survey, which polled roughly 1,500 Canadian adults, found men and women (80 per cent and 78 per cent, respectively) […]
Neil Cunningham is stepping down from his role as president and chief executive officer at the Public Sector Pension Investment Board on March 31, 2023. Since he was appointed to the role in 2018, following the departure of André Bourbonnais, the organization’s assets under management grew from $135.6 billion to $204.5 billion. Cunningham first joined […]
The Canadian Life and Health Insurance Association is launching an industry initiative to pool claims data and use advanced artificial intelligence tools to enhance the detection and investigation of benefits fraud. While all Canadian insurance companies have their own internal analytics to detect fraud within their book of business, the new initiative — led by […]
Diversity, equity and inclusion are top of mind during Black History Month, so it’s no surprise two of the top five stories over the past week on BenefitsCanada.com relate to efforts by organizations to address a range of DEI issues in February and beyond. Here are the five most popular news stories of the week: 1. How HOOPP is […]
The vast majority of Canadian employers are increasing salaries amid a challenging labour market, according to a new survey by Normandin Beaudry. The survey, which polled 285 Canadian employers, found fewer than 0.5 per cent were planning a salary freeze for 2022 in the late fall of 2021, down from three per cent in the […]
The British Columbia Investment Management Corp. is selling its stake in a Toronto-based trucking company. The investment manager will sell Pilot Freight Services, which specializes in transporting bulky business-to-business and business-to-consumer products, to Danish shipping company AP Moller-Maersk. According to the terms of a deal with the company’s current co-owners, the BCI and Atlanta Capital […]
A thousand members of the Anglican Church of Canada’s defined contribution pension plan are joining the General Synod pension plan, effective Jan. 1, 2022. The Church-wide Lay employee pension system’s transition into the multi-employer pension plan is part of an expansion strategy to offer more Canadians better financial security in retirement, according to a press […]
Employees’ confidence in their organization’s culture and leadership has dropped slightly (three per cent) since the early days of the coronavirus pandemic, according to a survey by Eagle Hill Consulting. The survey, which polled more than 1,000 employees across the U.S., found slightly more than a quarter (29 per cent) believe their organization has trusted leaders […]
Trans-Canada Capital Inc., an investment manager that was spun out of Air Canada’s defined benefit pension plans in 2019, is a signatory of the United Nations-backed principles for responsible investment. The PRI is a set of principles that reflect the view that environmental, social and corporate governance issues need to be appropriately considered in the […]
The OPSEU Pension Trust is allowing its plan members to earn full pension service if they temporarily reduce their working hours. The changes were made to support members who participate in flexible working arrangements so they can maximize their pension. Members who enter into a temporary part-time work arrangement on or after Feb. 1, 2022 […]