The advisory council on the implementation of national pharmacare has submitted its interim report to the federal government. The report sets out three initial recommendations for the implementation of national pharmacare: Creating a national drug agency to oversee national pharmacare; Developing a comprehensive, evidence-based list of prescribed drugs — a national formulary — to harmonize coverage […]
The Investment Management Corp. of Ontario is appointing Christian Hensley as the new senior managing director of public equities and credit, effective April 9, 2019. His previous experience includes several senior roles at the Canada Pension Plan Investment Board, including managing director and head of relationship investments. Before he joined the CPPIB, Hensley worked in private equity and growth […]
The Office of the Superintendent of Financial Institutions’ office of the chief actuary has appointed Assia Billig as chief actuary, effective April 15, 2019. She will succeed Jean-Claude Ménard, who will retire in mid-April after 20 years as chief actuary. Billig has worked in the office of the chief actuary for more than a decade, specializing in actuarial […]
The Caisse de dépôt et placement du Québec is investing about US$250 million in ECL Finance Ltd., the non-banking arm of Edelweiss Financial Services. The investment is intended to enable ECL Finance to capitalize on opportunities in the credit market and bolster the group in capturing opportunities in the non-banking financial company space, according to a press […]
The Empire Life Insurance Co. has developed an interactive tool to help Canadians move towards achieving their retirement and savings goals. The tool, which plan sponsors can offer to their members, aims to help people determine whether they’re on track to meet their desired income in retirement or savings goals by asking a series of questions. It […]
In Ontario’s new defined benefit plan funding rules, the provisions for adverse deviation should be based on the plan’s asset mix, and a riskier asset mix should naturally require a higher PfAD, according to the Association of Canadian Pension Management’s submission to the provincial Ministry of Finance. “Using that logic and an understanding that fixed-income […]
The Caisse de dépôt et placement du Québec, along with Altas Partners, is selling Capital Vision Services. West Street Capital Partners VII, a fund managed by Goldman Sachs’ merchant banking division, will be taking on the U.S. company, which provides management services for MyEyeDr.’s optometry practices. Read: AIMCo investing in Alberta pipeline, Caisse taking on shares in mining company “CVS […]
Hub International Ltd. has acquired the assets of employee benefits and commercial insurance firm Integrated Risk Solutions Inc. Based in Waukesha, Wis., Integrated Risk specializes in employee benefits, risk management consulting, commercial insurance, loss control engineering and claims management. It has advised on compliance and risk management issues for clients in the construction, manufacturing, transportation, hospitality, […]
In Ontario’s new defined benefit plan funding rules, the provisions for adverse deviation should be based on the plan’s asset mix, and a riskier asset mix should naturally require a higher PfAD, according to the Association of Canadian Pension Management’s submission to the provincial Ministry of Finance. “Using that logic and an understanding that fixed-income […]
Mental Health Works has developed a free resource that is now available to help employers and managers of Ontario businesses looking for ways to address mental health in the workplace. “As public awareness of mental health increases, more and more employers have a desire to provide mental-health support to their employees,” said Jim Harris, director […]