Three-quarters (74 per cent) of plan sponsors described the quality of their health benefits plan as excellent (22 per cent) or good (52 per cent), down from 80 per cent in January 2020, according to the 2021 Benefits Canada Healthcare Survey. It found employers with more than 500 employees were more likely to describe their plan […]
As innovative medicines become more widely covered in workplace drug plans, employers are tasked with finding new ways to control costs while ensuring members receive the best value. “Obviously, this is good because such offers provide more treatments for employees and their families that can help get them back to the workplace sooner rather than […]
By integrating their benefits and pension plans, employers can fulfill their plan objectives while creating a better experience for plan members, said Christine van Staden, regional vice-president of group customer and national accounts at Canada Life Assurance Co., during Benefits Canada’s 2021 Benefits & Pension Summit. “This is a trend we’re seeing more of in […]
Corby Spirit and Wine Ltd. and Hiram Walker & Sons Ltd. are de-risking with a $176-million group annuity buy-in amidst volatile markets caused by the coronavirus pandemic. The deal covers 750 retirees and beneficiaries and there will be no change for plan members, who will continue to be paid from the plan as before the […]
Education requirements are a litigation risk. A KPI approach can help.
New RBC Dexia-Grant Thornton research.