Latest news in Benefits Canada Archive

Switch from biologic to biosimilar drug requires monitoring, patient-informed discussion

Switch from biologic to biosimilar drug requires monitoring, patient-informed discussion

When it comes to switching from a biologic to a biosimilar drug, patient choice and engagement is extremely important, according to Durhane Wong-Rieger, president and chief executive…

Fluor Canada shares journey of move to managed drug formulary

Fluor Canada shares journey of move to managed drug formulary

Alongside Fluor Canada’s recent move to a flexible benefits plan, it also introduced a managed drug formulary, which includes generic substitution, prior authorization, lifetime maximums…

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Are liquid alternative ETFs the next frontier for institutional investors?

New research from Greenwich Associates has found that institutional players have allocated US$47 billion to liquid alternative exchange traded funds, comprising a fair chunk of…

  • By: Staff
  • November 7, 2019 December 13, 2020
  • 09:58
OMERS leading $227-million funding for AI company

OMERS leading $227-million funding for AI company

The Ontario Municipal Employees Retirement System, through OMERS Growth Equity, is leading a $227 million Series-F funding round for intelligent and predictive search technologies provider…

  • By: Staff
  • November 7, 2019 November 12, 2020
  • 09:45
Which global bonds to consider in today’s interest rate environment

Which global bonds to consider in today’s interest rate environment

As market uncertainty causes a slowdown in Europe’s economy, an accommodating central bank and negative interest rates are making its bond markets more attractive to…

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Do lower carbon portfolios really perform better?

Some have suggested there could be a return premium to lowering the carbon intensity of a portfolio. By constructing low carbon strategies called decarbonization factors,…

  • By: Staff
  • November 7, 2019 December 13, 2020
  • 09:29
GFL Environmental cancels IPO after investors seek price below range

GFL Environmental cancels IPO after investors seek price below range

GFL Environmental Inc. is cancelling its initial public offering, which was expected to raise upwards of US$2.4 billion, after investors proposed pricing below its desired…

Eurozone forecast for long period of weak economic growth

Eurozone forecast for long period of weak economic growth

The European Union’s executive branch has cut its growth forecasts for the 19-country eurozone for this year and next and warned that conditions could worsen…

Great-West Life adding Koho spending account to group retirement plans

Great-West Life adding Koho spending account to group retirement plans

In tandem with Financial Literacy Month, Great-West Life Assurance Co. is adding Koho’s full-service spending account to select group retirement savings plans. The accounts are…

  • By: Staff
  • November 7, 2019 November 12, 2020
  • 08:00
Mercer rolling out all-in-one well-being platform

Mercer rolling out all-in-one well-being platform

Mercer is launching an all-in-one digital platform that gives employees access to a variety of wellness vendors to support their physical, mental, financial or social well-being. Mercer…

Ontario pension bill includes changes to e-communications, missing members

Ontario pension bill includes changes to e-communications, missing members

With the introduction of Bill 132 in the Ontario legislature last week, pension plan sponsors should be aware of a number of amendments coming to…

  • By: Staff
  • November 6, 2019 November 30, 2020
  • 15:15
RBC real estate fund, with BCI partnership at core, exceeds targets in first equity tranche

RBC real estate fund, with BCI partnership at core, exceeds targets in first equity tranche

A new Canadian core real estate fund has attracted more than $1.25 billion in equity commitments in its first subscription tranche, materially exceeding targets. RBC…

  • By: Staff
  • November 6, 2019 November 11, 2020
  • 14:37
PSP investing in U.K. real estate; Caisse in medical startup fund, Indian infrastructure

PSP investing in U.K. real estate; Caisse in medical startup fund, Indian infrastructure

The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest £250 million in a commercial property in Cambridge, U.K. The agreement marks the…

  • By: Staff
  • November 6, 2019 November 12, 2020
  • 09:30
Focusing on innovation helps CPPIB thrive in tricky markets

Focusing on innovation helps CPPIB thrive in tricky markets

While markets remain in the longest bull run in history, worries abound that the party has to come to an end. “Interest rates have been…

How pension policy reform in Asia is addressing retirement income security

How pension policy reform in Asia is addressing retirement income security

Governments in Asia are stepping up their pension reforms to boost retirement savings adequacy, potentially generating business opportunities for asset managers operating in the region.…

  • By: Staff
  • November 6, 2019 February 23, 2021
  • 09:00
The shifting nature of private equity

The shifting nature of private equity

While private equity’s original advantage was taking over a firm to revamp its governance and operations, private equity companies are now finding fewer underperforming firms…

Empire Life partnering with insurtech company on platform for TPAs

Empire Life partnering with insurtech company on platform for TPAs

The Empire Life Insurance Co. is partnering with Rimouski, Que.-based insurtech company Magik-Net to build a real-time platform for third-party administrators. The platform aims to help TPAs…

  • By: Staff
  • November 5, 2019 November 12, 2020
  • 15:15
Canadian DB plans return median 1.7 per cent in Q3

Canadian DB plans return median 1.7 per cent in Q3

Canadian defined benefit pension plans posted a median 1.7 per cent return in the third quarter of 2019, down from 2.7 per cent in the…

  • By: Staff
  • November 5, 2019 November 12, 2020
  • 15:00
How one Niagara Casinos employee advocated for continuous glucose monitoring coverage

How one Niagara Casinos employee advocated for continuous glucose monitoring coverage

When it came to asking his employer to add continuous glucose monitoring to its benefits package, John Whitehead, a level-two food server at Niagara Casinos,…

Can machine learning help active managers outperform passive peers?

Can machine learning help active managers outperform passive peers?

Active investors should combine their own analytical work with the use of machine learning to get a leg up on their passive peers, according to a new paper. Fiona…

Hub acquiring Alberta-based employee benefits consultancy

Hub acquiring Alberta-based employee benefits consultancy

Hub International Ltd. is acquiring RBI Advisory Group, an Okotoks, Alta.-based employee benefits consultancy. RBI has been providing advisory services to employers and associations around…

  • By: Staff
  • November 4, 2019 November 12, 2020
  • 15:30
CPPIB buying U.S.-based renewable energy developer

CPPIB buying U.S.-based renewable energy developer

The Canada Pension Plan Investment Board is acquiring renewable energy company Pattern Energy Group Inc. in an all-cash deal. The purchase of the San Francisco-based company…

  • By: Staff
  • November 4, 2019 November 12, 2020
  • 15:00
FSRA stakeholder advisory committee for pensions appoints members

FSRA stakeholder advisory committee for pensions appoints members

The Financial Services Regulatory Authority of Ontario has appointed members to its stakeholder advisory committee for the pension sector. The committee, which was introduced in July…

  • By: Staff
  • November 4, 2019 November 30, 2020
  • 10:15
Maximum pensionable earnings under CPP to rise in 2020

Maximum pensionable earnings under CPP to rise in 2020

Maximum pensionable earnings under the Canada Pension Plan are rising from $57,400 to $58,700 for 2020. The increase takes into account the growth in average weekly wages…

  • By: Staff
  • November 4, 2019 November 30, 2020
  • 09:45
Investing in employee mental health good for business: report

Investing in employee mental health good for business: report

While organizational leaders may not be convinced about the return on investment of mental-health programs, the costs of the alternative — doing nothing — are great…