Latest news in Benefits Canada Archive

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Ex-Fed Chair Volcker dies, tamed inflation with recession

Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of…

Will pensions survive another round of quantitative easing?

Will pensions survive another round of quantitative easing?

When central banks took on the challenge of saving a drowning global economy during the 2008 financial crisis, pension plans appeared to have plenty to…

  • By: Staff
  • December 10, 2019 November 30, 2020
  • 09:00
Legal case highlights thorny issue of consent benefits under DB pension plans

Legal case highlights thorny issue of consent benefits under DB pension plans

An important case around an employer’s ability to change its practice in granting consent benefits under a pension plan is winding its way through the courts. The…

A third of women experience unwanted sexual behaviour at work: StatsCan

More than half of Canadians say they’ve witnessed at least one instance of inappropriate sexual behaviour at work, according to a new report by Statistics Canada. The…

Domtar pensions entering into $360 million annuity buyout

Domtar pensions entering into $360 million annuity buyout

Domtar Corp. is entering into an agreement with Sun Life Financial for a group annuity buyout. The transactions will transfer about $360 million in obligations and…

  • By: Staff
  • December 9, 2019 November 12, 2020
  • 15:00

Proposed Manitoba pension rule changes would permit creation of solvency reserve accounts

The Manitoba government has proposed changes to the provincial Pension Benefits Act that will allow the creation of in-plan solvency reserve accounts for defined benefit…

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Japan’s GPIF suspends lending to short-sellers indefinitely

Japan’s Government Pension Investment Fund, notably the largest pool of retirement savings in the world, announced Tuesday that it will no longer participate in the…

  • By: Staff
  • December 9, 2019 December 13, 2020
  • 08:44
Institutional investors agree profits can’t be top concern for companies: survey

Institutional investors agree profits can’t be top concern for companies: survey

The majority of Canadian institutional investors say they don’t think shareholders should take precedent over all other stakeholders, including employees, at a given company, according to a…

  • By: Staff
  • December 9, 2019 November 12, 2020
  • 08:18

Canadian workers want vacation, benefits plans and to work from home: survey

In 2020, Canadian employees are looking for more than just strong compensation, with 76 per cent of respondents citing at least three weeks of vacation, followed…

  • By: Staff
  • December 6, 2019 February 7, 2021
  • 15:00
CPPIB investing through India infrastructure fund

CPPIB investing through India infrastructure fund

The Canada Pension Plan Investment Board is investing up to US$600 million through India’s National Investment and Infrastructure Fund’s master fund. The agreement commits the CPPIB to…

  • By: Staff
  • December 6, 2019 November 12, 2020
  • 08:30

B.C. tribunal finds reduced benefits for older workers not age discrimination

The British Columbia Human Rights Tribunal has dismissed a complaint from a Molson Coors Beverage Co. retiree who alleged the company’s employee benefits plan was…

CLHIA white paper calls for more flexible annuities in CAPs, TFSAs

CLHIA white paper calls for more flexible annuities in CAPs, TFSAs

As pension regulators move forward with legislation permitting annuity options for certain capital accumulation plans, the Canadian Life and Health Insurance Association is calling on…

  • By: Staff
  • December 5, 2019 November 30, 2020
  • 15:45
What do your employees want for the holidays?

What do your employees want for the holidays?

While 54 per cent of Canadian employees said they prefer a bonus as a holiday reward, just 15 per cent said they expect to receive one…

  • By: Staff
  • December 5, 2019 November 12, 2020
  • 15:30
Alberta Pension Services Corp. ordered to pay retiree $267K for misrepresentation of benefits

Alberta Pension Services Corp. ordered to pay retiree $267K for misrepresentation of benefits

The Alberta Court of Appeal has upheld a $267,017 award to a pensioner for negligent misrepresentation after the Alberta Pensions Services Corp. provided mistaken estimates…

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Bank of Canada deputy governor Timothy Lane says Canadian economy resilient

The Canadian economy remains resilient despite the global uncertainty caused by the trade war between the United States and China, a senior Bank of Canada…

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When does active management make sense for large pension funds?

For many passive investors, the belief in efficient markets is core. But how efficient are markets at different parts of the capitalization spectrum? A new…

Stigma a barrier to EAP use: study

Perceptions of the stigma around receiving professional psychological help can be a barrier to seeking out mental-health services, according to a new study. The study,…

Global institutional investors sober as markets rally: survey

Global institutional investors sober as markets rally: survey

Despite continued strong markets, global institutional investors are apprehensive about what 2020 has in store, with more than half of survey respondents saying they think…

  • By: Staff
  • December 4, 2019 November 12, 2020
  • 15:45
Employees to put holiday bonuses towards financial well-being: survey

Employees to put holiday bonuses towards financial well-being: survey

A majority of Canadian employees who are expecting to receive a holiday bonus this year want to put it towards their financial well-being, according to a…

  • By: Staff
  • December 4, 2019 November 12, 2020
  • 15:30
PSP buying into Australia almond orchards, water rights

PSP buying into Australia almond orchards, water rights

The Public Sector Pension Investment Board is buying 89,085 megalitres of permanent water rights from Olam Orchards Australia Pty Ltd. for a total of A$490…

  • By: Staff
  • December 4, 2019 November 12, 2020
  • 15:15
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PSP buying permanent water rights in Australian orchards

The Public Sector Pension Investment Board is buying 89,085 megalitres of permanent water rights from Olam Orchards Australia Pty Ltd. for a total of A$490…

  • By: Staff
  • December 4, 2019 December 13, 2020
  • 12:04
GoodLife launches employee giving and volunteering program

GoodLife launches employee giving and volunteering program

Goodlife Fitness Centres Inc. is launching a giving and volunteering program for its employees. On the new GoodLife Gives platform, which is provided by Canadian…

  • By: Staff
  • December 4, 2019 November 12, 2020
  • 09:15

The Alberta Pension Plan is no slam dunk: memo

While the case for creating an Alberta Pension Plan looks straightforward on the surface, it’s far from a slam dunk, according to a memo published…

  • By: Staff
  • December 4, 2019 November 30, 2020
  • 09:00

Saskatchewan adding extra weeks of parental leave

The Saskatchewan government is amending its provincial employment act to add eight additional weeks of parental leave. The additional weeks of leave will be available to…

  • By: Staff
  • December 3, 2019 December 3, 2020
  • 15:30
Caisse, PSP investing in fintech venture fund

Caisse, PSP investing in fintech venture fund

The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are among several institutional investors committing $427 million in the…

  • By: Staff
  • December 3, 2019 November 12, 2020
  • 15:00