When it comes to the difficult issue of equity in pension plans, Quebec has been at the forefront recently with its plan to table a bill to eliminate so-called disparity clauses. The province’s plan, which has significant union support, has drawn the attention of Quebec’s pension industry, particularly since it would affect organizations that have […]
More Canadian employers are investing in employee training and participating in co-operative education programs than they were two years ago, according to a new survey by Morneau Shepell Ltd. and the Business Council of Canada. The survey, which queried hiring managers from 95 of Canada’s largest companies, found that 83 per cent participate in co-op and work-integrated learning programs, […]
Ericsson is adding sleep and nutrition features to its online wellness program to educate employees and motivate changes in behaviour. Its E-Health program, which began in April 2016, is rolling out the new options to coincide with its two-year anniversary. Since its introduction, more than 60 per cent of Canadian and American employees have participated, according […]
Sun Life Institutional Investments (Canada) Inc. has added president to Eugene Lundrigan’s role. In the expanded role as president and senior managing director of business strategy, he’ll be responsible for all aspects of the firm’s business in Canada, including product strategy, distribution, client service and marketing. As well, he’ll continue to oversee product development, marketing, consultant relations and ongoing strategic initiatives in […]
Nest Wealth Asset Management Inc. is launching a digital group registered retirement savings plan in an effort to make it easier for small- and medium-sized businesses to provide retirement savings to employees. The plan is free for employers to use and features digital enrolment for employees. It also allows employers to monitor their plans online and administer options such as contributions and […]
To celebrate International World Happiness Day on March 20, Klick Health hosted a number of activities for employees at its Toronto office, including canine visitors from the humane society, a catered lunch and bouncy castles. “Basically, a heightened bit of happiness. We want people to get involved and be engaged with the company,” said David Holmes, the company’s […]
In order to understand how much to save, the starting point should be determining a retirement budget. Not only will such an exercise help employees better plan for the future, it may well give them a greater understanding of and appreciation for their employer-sponsored savings program and improve their financial wellness. More accurate retirement planning Even […]
Nestle Canada Inc., Pfizer Canada Inc. and TD Bank Group are among 53 workplaces recommended by their employees, according to Morneau Shepell Ltd. and the Globe and Mail’s second annual employee-recommended workplace awards. To determine the list, employees provide feedback through a survey of confidential questions about their physical and mental health, as well as their work […]
When Loblaw Companies Ltd. purchased annuities to reduce the risk in its defined benefit pension plans in January 2017, the $350-million, inflation-linked buyout kicked off a year of significant activity in the Canadian annuity market. Group annuity purchases had reached nearly $2.5 billion by the end of the third quarter of 2017, according to Willis […]
Canada and the world enjoyed a particularly strong economic performance last year. In Canada, the unemployment rate fell to just 5.7 per cent at the end of December, while the World Bank estimates the global economy grew by three per cent last year. So with those positive results in mind, what should institutional investors keep […]