News – Benefits Canada.com

CPPIB investing €550M in European digital solutions provider, Caisse buying Brazilian power transmission platform

bmcgovern — Fri, 12 Jul 2024 19:00:07 +0000

The Canada Pension Plan Investment Board is investing €550 million in Europe-based team.blue to acquire a 20 per cent interest in the firm. The total transaction gives team.blue a valuation of €4.8 billion. The digital solutions provider serves 3.3 million small- and medium-sized businesses across 22 countries. In a press release, Hafiz Lalani, managing director […]

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Employers considering dropping dental from benefits plan should think twice: expert

lbailey — Fri, 12 Jul 2024 13:00:58 +0000

Employers that are considering dropping dental coverage from their benefits plan following the launch of the national dental care program are advised to think twice, says Graham Young, director of employee benefits at Capcorp Financial Corp. The national plan — administered by Health Canada, with support from a third-party benefits administrator — provides dental coverage for uninsured Canadians with […]

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CBSA, PSAC, CIU agreement includes pension, benefits gains

Sadie Janes — Fri, 12 Jul 2024 13:00:46 +0000

The unions representing more than 9,000 Canada Border Services Agency employees have ratified a four-year collective agreement that includes pension and benefits gains. The agreement with, the Public Service Alliance of Canada and the Customs and Immigration Union, includes a pensionable $2,500 one-time, lump-sum payment for all employees upon the date of signing. For members […]

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Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 12 Jul 2024 13:00:18 +0000

A story on how group insurers can help plan sponsors provide adequate coverage and ensure appropriate use of treatments for rare diseases was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Sounding Board: How employers can mitigate cost of […]

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Institutional investors considering AI need responsible rulebook: report

bmcgovern — Thu, 11 Jul 2024 19:00:26 +0000

Putting responsible artificial intelligence principles in place is essential to enhancing risk-adjusted returns and positioning businesses for success, according to a new report by the Canada Pension Plan Investment Board and the World Economic Forum. It found the use of AI can preserve and even create value for investors. However, institutional investors must find a balance between […]

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60% of working women believe menopause, reproductive health issues can affect career advancement: report

Sadie Janes — Thu, 11 Jul 2024 13:00:08 +0000

Three-fifths (60 per cent) of working women believe health issues around menstruation, menopause and reproductive health can affect their career advancement abilities, according to a new report by Sun Life Financial Inc. It found four in 10 working women said they’ve made career-limiting decisions for health-related concerns or to care for their family and 10 […]

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70% of U.S. employers say benefits critical to attraction, retention efforts: report

lbailey — Wed, 10 Jul 2024 13:00:49 +0000

Nearly three-quarters (70 per cent) of U.S. employers say their company’s benefits package is critical to attracting and retaining the best workers, according to a new report by LIMRA. It found half (51 per cent) of employers believe their company will be offering more benefits in the future than it does today and another six […]

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FSRA CEO Mark White stepping down

Sadie Janes — Tue, 09 Jul 2024 19:00:10 +0000

Mark White, the chief executive officer of the Financial Services Regulator of Ontario, has been confirmed as chair of the Ontario Energy Board and will be stepping down from his current role effective July 16, 2024. Stephen Power, executive vice-president of corporate services at the FSRA, will serve as interim CEO while the organization undertakes an […]

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Competition Bureau to speed development of guidance on new greenwashing rules

bmcgovern — Tue, 09 Jul 2024 19:00:05 +0000

The Competition Bureau is speeding up the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing. The federal watchdog said it has received a large number of requests and that it will develop guidance “on an accelerated basis.” Read: Head to Head: Is it time to change the terminology […]

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Blair Morrison retiring from BCFSA

Sadie Janes — Tue, 09 Jul 2024 13:00:43 +0000

Blair Morrison, chief executive officer and chief statutory officer of the British Columbia Financial Services Authority, is retiring in early 2025 after more than five years in his current role. During his time as CEO, Morrison steered the regulatory agency through a number of significant events, such as its establishment as a crown agency in […]

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