Sears Canada Inc. retirees are facing clawbacks to their pensions due to 10 months of overpayments. Since October 2017, the retailer’s former employees have been receiving 100 per cent of their entitlement, rather than the reduced rate that aligns with the plan’s underfunded status. Morneau Shepell Ltd., the firm overseeing the plan’s windup process, originally […]
Canadians’ personal finances have an impact on their health, with just 26 per cent of people in poor health describing their financial situation as excellent or very good. That compares to 59 per cent of those in excellent or very good health, according to the 2018 Sanofi Canada health-care survey. In addition, the survey found […]
BFL Canada Consulting Services Inc. has appointed Jean-Daniel Côté as vice-president of retirement. Based in Montreal, Côté will play a senior consulting role for a range of employer clients and contribute to the growth of BFL Canada’s retirement consulting team, according to a news release. With nearly 30 years of experience in retirement and investment consulting, […]
The Co-operators Group Ltd. has appointed Karen Higgins as its executive vice-president and chief financial officer. Effective June 1, Higgins will take over the role from Bruce West, who announced his retirement earlier this year. “Succeeding Bruce West in this role is an honour and after 11 years of such profound leadership, where he built […]
More than ever, mental health is at the centre of our national conversation. From mayors to chief executive officers to well-known Canadians, mental health has never had so many different champions. And rightly so. Mental health exists where we do, extending from our homes, throughout our communities and into the workplace. It’s at the workplace where the […]
Who wouldn’t want a coach to help with achieving health goals? According to the 2017 Sanofi Canada health-care survey, health coaching is a popular idea: 61 per cent of plan members expressed interest in coaching around personal health goals. But is health coaching a worthy investment for employers to include as a benefit for their […]
Is it right to take a sick day to visit the doctor for preventative care such as physical exams, teeth cleaning and health screenings? Doing just that is the idea behind the Unsick Day program. Started by a group of U.S. organizations, including New York-based digital health company Zocdoc Inc., the program provides time off […]
For the first quarter of 2018, diversified pooled fund managers saw a median return of minus 0.7 per cent before management fees, according to new data from Morneau Shepell Ltd. The report showed that while returns were negative, a decrease in pension liabilities overall outweighed the poor performance of pooled funds, resulting in a modest improvement […]
While financial literacy programs have become more prevalent in recent years, what can they do to ensure they have the maximum impact? “Financial literacy, while important, is not the key to unlocking financial well-being,” said Lisa Callaghan, vice-president for strategy, marketing and communications at Manulife Financial Corp., during a panel discussion at the Benefits & Pension […]
At General Electric Co. Canada, part of Dr. Sol Sax’s job as consultant and medical director is to support and refine the company’s disability management process. That process includes everything from how the company helps to prevent workers from going on disability to monitoring them while they’re away and supporting their return to work. As part of its […]