The funded position of a typical Canadian defined benefit pension plan decreased both on a solvency and accounting basis in December 2024, according to Telus Health’s latest pension index. It found the funded position declined slightly on a solvency basis to 111.3 per cent in December, down from 111.4 per cent at the end of […]
Two-thirds (67 per cent) of employers say there’s currently a shortage of skilled workers in their industry and 58 per cent anticipate a skilled labour shortage over the next five to 10 years, according to Benefits Canada’s 2024 Future of Work Survey. To reverse this trend, nearly three-quarters (72 per cent) of employers cited improving […]
In light of upcoming changes to Ontario’s employment leave policies, as well as new requirements for job postings, it’s important for employers to review and update their workplace policies to ensure they’re in line with current legislation, says Larysa Workewych, a senior associate at Dentons Canada LLP. As of June 19, an employee with at […]
Half (51 per cent) of North American employees say they feel less fulfilled compared to five years ago, with hybrid workers feeling more fulfilled than their remote and onsite counterparts, according to a new survey by Ricoh USA Inc. The survey, which polled more than 2,000 North American employees, found 84 per cent said their […]
The previous year was an interesting one in the world of employee benefits plans. Over the previous 12 months, employers have navigated the explosion of claims for glucagon-like peptide-1 receptor agonist medications like Ozempic, some forward momentum on national pharmacare and some employers changed their approach to diversity, equity and inclusion policies. Here are five […]
The impacts of artificial intelligence, upskilling and flexible work are among employers’ and employees’ main human resources considerations for 2025, says Candy Ho, a professor at Kwantlen Polytechnic University and board member at non-profit organization CERIC. “AI is still a prominent consideration for the HR industry because it will continue to transform everything from how […]
In the search for market-beating returns, institutional investors are facing a shifting geopolitical landscape, ongoing questions about monetary policy and the impact of climate change. At the 2024 Investment Innovation Conference on Nov. 12-14 in Vancouver, B.C., leading academics and industry figures reckoned with the aftermath of the highly anticipated U.S. presidential election and provided […]
Institutional investors are putting China’s dominance as an emerging market under consideration at a time of economic uncertainty for the country typically known as a staple in the investment category. The uncertainty stems from several structural issues, such as the combination of an ageing population, high debt levels and weak fiscal status for local governments, […]
Pension plan sponsors’ integration of artificial intelligence will be a disruptive event that will require a delicate approach with sufficient testing, according to Alpesh Sethia (pictured right), chief technology officer at the Healthcare of Ontario Pension Plan. Speaking during a panel session at the Canadian Investment Review’s 2024 Investment Innovation Conference, he described the testing lab set […]
An article on the issues that Canadian pension plan sponsors are considering in 2025 was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Expert panel: Regulatory guidelines, geopolitical risk impacting pension plan sponsors in 2025 2. Lawsuit alleges feds prevented […]