The Parliamentary Budget Office is confirming the insurance industry’s projection that a single-payer model of national pharmacare program will cost $40 billion annually as a result of shifting more than $14 billion in private insurance coverage onto the government’s books. In a new report, the PBO estimated the cost of a single-payer universal drug plan to […]
The funded position of a typical Canadian defined benefit pension plan increased on a solvency and an accounting basis as of Sept. 30, according to a new report by Telus Health. The monthly index, which demonstrates changes in asset levels for an average pension plan since the beginning of the year, found the average solvency […]
Two-thirds of (66 per cent) of Canadian employees who have employer-provided health benefits say their overall well-being is good or excellent, compared to fewer than half (49 per cent) of workers without these benefits, according to a new survey by RBC Insurance. The survey, which polled more than 1,000 employees, found those with employer-provided benefits […]
A third (34 per cent) of employees say they’re willing to change jobs in the next 12 months, according to a new survey by EY. The survey, which polled 1,000 employees and 50 employers in Canada, found employer respondents said attracting (36 per cent) and retaining (32 per cent) talent are their top priorities. As well, a majority […]
Nearly three-quarters (71 per cent) of women say financial struggles due to inflation are impacting their mental health and finances are becoming more of a barrier to accessing mental-health support, according to a new survey by GreenShield and Mental Health Research Canada. The survey, which polled more than 12,000 Canadians, found women were 30 per […]
Among Canadian companies providing disclosure for 2023, women held 29 per cent of board seats, up from 26 per cent in 2022, according to Osler Hoskin & Harcourt LLP’s latest diversity report. The report tracked companies subject to the Canada Business Corporations Act that disclosed the number of women, Indigenous peoples and visible minorities represented […]
Two-thirds (66 per cent) of large institutional asset owners say they plan to increase their allocations to private markets over the coming year, according to a new survey by Mercer. The survey, which polled about 60 global asset owners, found among those planning to increase their private market investments, 50 per cent said they’re pivoting […]
Canada ranks No. 9 among the top 10 countries with the best work-life balance, according to a new report by Remote Technology Inc. The report examined 60 countries and assessed factors such as minimum wage, sick leave, maternity leave, health-care availability, public happiness, average working hours and LGBTQ2S+ inclusivity. Read: Ottawa named a top city for work-life […]
An article on the Association of Canadian Pension Management’s response to the Canadian Association of Pension Supervisory Authorities’ draft risk management guideline was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CAPSA pension risk management guideline too divergent, says ACPM 2. B.C. Municipal Pension Plan appointing […]
About a third (34 per cent) of the companies on the S&P/TSX composite index are meeting the reporting requirements for environmental, social and governance standards by disclosing the metrics of all of their sustainability related risks and opportunities, according to a new report by consultancy Millani. The report, which reviewed ESG standards in Canadian public companies, […]