The Alternative Investment Management Association has appointed Claire Van Wyk-Allan as its new head of Canada. “I am excited to be joining AIMA in Canada,” said Van Wyk-Allan in a news release. “The organization has made considerable strides in Canada in recent years, in terms of growing its events and membership and building a highly effective […]
Nearly three-quarters (73 per cent) of American employers offered telemedicine services to their employees in 2017, a rise from just 49 per cent in 2016, according to a new survey by WorldatWork. Alison Avalos, director of research and certification at the U.S.-based human resources association, noted the dramatic increase is likely due to employers’ efforts to manage […]
The Caisse de dépôt et placement du Québec is leading a group of investors in the acquisition of New Jersey-based school bus company Student Transportation Inc. The pension fund, along with U.S.-based insurance and investment company Ullico Inc., will purchase all of Student Transportation’s outstanding common shares. Current shareholders will receive US$7.50 per share, which accounts for […]
The Canadian Institute of Actuaries is urging Ontario to take an actuarial approach to its proposed changes for the pension benefits guarantee fund. The province has proposed increasing the guarantee provided by the fund to $1,500 per month from $1,000. In a wider submission to the province’s Ministry of Finance on the proposed new funding rules for defined […]
Expand the Canada Pension Plan replacement rate to 50 per cent of earnings. Cap annual contributions to registered retirement savings plans at $22,000. Establish a public agency to administer terminated pension plans. Create a single-payer pharmacare plan for all of Canada. These are just a few of the suggestions put forth by the Canadian Centre for Policy […]
The Canada Pension Plan enhancement will cost 64,000 jobs by the time it’s fully in effect, according to a new analysis from the Canadian Federation of Independent Business. The report, conducted through the policy and economic analysis program at the University of Toronto’s Rotman School of Management, predicted negative job impacts would last until the late […]
Canadians put a big emphasis on vacation time and paid time off when considering a job offer, according to a survey by Accountemps. The staffing firm’s survey asked more than 550 Canadian workers what they consider to be the most important factor, besides salary, when fielding a job offer. Overall, 26 per cent of respondents said vacation or […]
British Columbia is introducing a new employer health tax as it moves to fully eliminate medical services plan premiums. During the province’s 2018 budget announcement on Tuesday, Finance Minister Carole James said the government will eliminate premiums by Jan. 1, 2020. The government estimates the move will save people up to $900 a year and families up to $1,800 a year. Read: Seven […]
Eckler Ltd. has appointed Euan Reid as a senior consultant in its Vancouver office. In the new role, Reid will work with a broad array of plan sponsors, including multi-employer and trusteed pension plans, large corporations, public sector and not-for-profit organizations, according to a news release. His role will also focus on the management of financial risks […]
OSFI fact sheet shows slowing pace of longevity gains