Scotiabank – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 04 Nov 2024 16:35:17 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Medicus Pension Plan reports 158% funded status at start of 2024 https://www.benefitscanada.com/canadian-investment-review/db-investments/medicus-pension-plan-reports-158-funded-status-at-start-of-2024-report/ Tue, 11 Jun 2024 13:00:46 +0000 https://www.benefitscanada.com/?p=156720 The Medicus Pension Plan, a defined benefit multi-employer pension plan designed exclusively for incorporated physicians in Canada, reported a funded status of 158 per cent on a going-concern basis and a 115 per cent funded status on a solvency basis as of Jan. 1, 2024. The plan, which launched in May 2023, is designed to […]

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]]> RBC employees returning to in-office working to foster creativity, collaboration https://www.benefitscanada.com/benefits/health-wellness/rbc-employees-returning-to-in-office-working-to-foster-collaboration-creativity/ Wed, 24 Aug 2022 13:00:23 +0000 https://www.benefitscanada.com/?p=125975 The Royal Bank of Canada is asking employees to return to in-office working to foster more in-person collaboration and creativity, reports Bloomberg. The bank’s hybrid arrangements will involve working in person two to three days a week for most office jobs, according to an email from Rafael Ruffolo, a spokesperson for the bank, who noted these practices are already in […]

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]]> Ayman Alvi promoted to VP, global pension and benefits at Scotiabank https://www.benefitscanada.com/notice/appointment-notice/ayman-alvi-promoted-to-vp-global-pension-and-benefits-at-scotiabank/ Fri, 05 Aug 2022 13:00:50 +0000 https://www.benefitscanada.com/?p=125095 Scotiabank has promoted Ayman Alvi to vice-president of global pension and benefits. Alvi joined the bank in 2019 as director of global benefits. Previously, he was a senior manager and consulting actuary at KPMG in Canada, a manager at PricewaterhouseCoopers, an actuarial associate at Willis Towers Watson (now WTW) and a senior pension specialist at […]

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]]> Workplace Benefits Awards win boosting employee engagement for 2021 pension winner https://www.benefitscanada.com/news/bencan/workplace-benefits-awards-win-boosting-employee-engagement-for-2021-pension-winner/ Fri, 03 Jun 2022 13:00:49 +0000 https://www.benefitscanada.com/?p=122220 Scotiabank’s win at Benefits Canada’s 2021 Workplace Benefits Awards led to increased employee engagement and peer recognition, says Rosemary Hatnay, director and head of total rewards solutions and global human resources services. The bank won in the Pension plan communications category for its streamlined approach to its defined benefit plan statements, making essential information more accessible to plan […]

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]]> Top 5 HR, benefits and pension stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-and-pension-stories-of-the-week-10/ Fri, 03 Jun 2022 13:00:39 +0000 https://www.benefitscanada.com/?p=122242 An article on how Scotiabank is supporting employee financial well-being was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Scotiabank supporting employee financial well-being with pension info sessions 2. Expert panel: The future of work is flexible, prioritizes employee mental health 3. Canadian pension funds calling […]

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]]> New multi-employer pension plan coming for incorporated physicians https://www.benefitscanada.com/pensions/defined-benefit-pensions/new-multi-employer-pension-plan-coming-for-incorporated-physicians/ Mon, 14 Mar 2022 19:00:10 +0000 https://www.benefitscanada.com/?p=118130 A new multi-employer pension plan is being created for Canadian incorporated physicians. The Medicus Pension Plan, developed by MD Financial Management Inc. and Scotiabank, will provide physicians with predictable lifetime retirement income based on personal earnings and years of service with their medical corporation, while pooling investments, longevity and economic risks among all plan participants, […]

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]]> Scotiabank increasing mental-health coverage, providing leadership training https://www.benefitscanada.com/benefits/health-benefits/scotiabank-increasing-mental-health-coverage-providing-leadership-training/ Thu, 18 Nov 2021 14:00:30 +0000 https://www.benefitscanada.com/?p=111832 Scotiabank is increasing its focus on mental health through expanded benefits coverage and additional training for employees in leadership roles. Beginning April 1, 2022, all eligible employees and dependants will have $10,000 — up from a previous limit of $3,000 — in mental well-being services as part of their core coverage, including access to clinical counsellors, internet-based […]

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]]> Scotiabank awarded for making pension statements more accessible https://www.benefitscanada.com/pensions/pension-communication/scotiabank-awarded-for-making-pension-statements-more-accessible/ Fri, 22 Oct 2021 13:00:33 +0000 https://www.benefitscanada.com/?p=109973 Scotiabank’s focus on making essential pension information more accessible to plan members was recognized at Benefits Canada’s 2021 Workplace Benefits Awards on Oct. 14. The bank won in the Pension plan communications category for its streamlined approach to pension statements. In 2020, Scotiabank restructured its defined benefit pension plan statement into two versions — a simplified four-page […]

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]]> Workplace Benefits Awards offers opportunity to learn from other employers, says 2020 winner https://www.benefitscanada.com/news/bencan/workplace-benefits-awards-offers-opportunity-to-learn-from-other-employers-says-2020-winner/ Fri, 11 Jun 2021 13:00:18 +0000 https://www.benefitscanada.com/?p=101954 Recognition in not one, but two categories at Benefits Canada‘s 2020 Workplace Benefits Awards is helping get the word out to Scotiabank employees that the bank is a leading employer when it comes to benefits offerings, says Ayman Alvi, director of global benefits. Read: Who are the winners of the 2020 Workplace Benefits Awards? “We participated in the Workplace […]

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]]> Q&A with Scotiabank’s Ayman Alvi https://www.benefitscanada.com/archives_/benefits-canada-archive/qa-with-scotiabanks-ayman-alvi/ Fri, 14 May 2021 12:50:00 +0000 https://www.benefitscanada.com/?p=99832 Scotiabank’s director of global benefits talks navigating the coronavirus pandemic, enhancing the employee experience and planning for the post-pandemic workplace. Q: What top challenges do you face in your role? A: Primary challenges are ensuring we’re evolving our programs to meet the needs of a diverse and changing workforce and communicating these programs clearly. We […]

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