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Telus Corp. has completed its previously announced acquisition of LifeWorks Inc. With the completion of the $2.9 billion transaction, LifeWorks has become a wholly owned subsidiary of Telus and will be integrated into Telus Health, according to a press release. Read: Telus acquiring LifeWorks for $2.9 billion “We are excited to be joining the Telus Health […]

  • September 2, 2022 September 2, 2022
  • 15:00

An article on how employers can approach the concept of ‘quiet quitting’ was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. ‘Quiet Quitting’ an opportunity for employers to help reshape the workplace 2. CPPIB-backed insurer selling Toronto subsidiary, Cadillac Fairview adopting nostalgic strategy 3. How employers […]

  • September 2, 2022 September 2, 2022
  • 09:00

Despite almost half (49 per cent) of U.S. workers experiencing burnout at work, 42 per cent haven’t taken a vacation in the last year, according to a new survey by Eagle Hill Consulting. The survey, which polled 1,000 employees, found younger respondents (50 per cent) and lower-income workers (56 per cent) were most likely to […]

  • September 2, 2022 September 1, 2022
  • 09:00

The OPSEU Joint Trusteed Benefit Fund, a not-for-profit insurance advisor that offers benefits to non-profit organizations, is joining the Colleges of Applied Arts and Technology pension plan. “OJTBF chose the CAAT pension plan to ensure that our valued employees can build a solid and sustainable retirement foundation while never losing sight of why we exist, […]

  • September 1, 2022 September 6, 2022
  • 13:30

An analysis of submissions made to the U.S. Securities and Exchange Commission reveals a sharp divide between the opinions of institutional investors and corporate executives when it comes to a proposal to standardize corporate climate disclosures. “Comments from different parties did not always fall along corporates versus investors, though some did,” wrote Subodh Mishra, global […]

  • September 1, 2022 September 1, 2022
  • 12:30

The Alberta Investment Management Corp.’s investments declined four per cent during the second quarter of 2022, according to its quarterly report. During the quarter, the AIMCo’s net investment income dipped $9.8 billion, to $136.6 billion. In the year ending on June 30, 2022, its assets declined 6.8 per cent. Read: AIMCo returns 14.7% in record-breaking year In […]

  • September 1, 2022 September 1, 2022
  • 12:00

Yellow Pages Ltd. has secured the support of enough shareholders to approve a plan to bolster its defined benefit pension plan’s coffers. During a virtual meeting scheduled for Sept. 23, 2022, shareholders are expected to vote on a proposal to advance $24 million to the company’s DB plan. “Our board has approved the use of […]

  • September 1, 2022 August 31, 2022
  • 12:00

Nearly two-thirds (63 per cent) of U.S. employees would choose better work-life balance over better pay, compared to 31 per cent who said the opposite or six per cent who were unsure, according to a new survey by FlexJobs. The survey, which polled 4,000 workers from generation Z, millennials, generation X, baby boomers and the […]

  • August 31, 2022 August 31, 2022
  • 09:00

The second quarter of 2022 proved difficult for Bâtirente’s diversified funds, according to the organization’s investment strategy manager. “As was the case in the first quarter, Bâtirente’s diversified funds experienced a difficult second quarter performance . . . [with losses correlating with] their risk profile,” said Jean-François Dumais, in a press release. The five diversified […]

  • August 30, 2022 August 30, 2022
  • 12:30

A Barbadian company is acquiring the life insurance business of a company in which the Canada Pension Plan Investment Board has a majority stake. According to the terms of the deal, Sagicor Financial Co. Ltd. will acquire Ivari, a subsidiary of Wilton Re Ltd., for US$325 million. The CPPIB has held a majority stake in […]

  • August 30, 2022 August 30, 2022
  • 12:00