Buck is introducing a new online platform for its plan sponsors to help manage their human resources operations. The web and online-based platform aims to aggregate a plan sponsor’s health, wealth and career programs. It offers employers access to custom dashboards and model scenarios so they can see how well their programs are performing. “The HR industry is […]
The Canadian Association of Pension Supervisory Authorities has released a draft revision of its guideline No. 2, which looks at electronic communication in the pension industry. The guideline was initially set out in February 2002 to help pension plan administrators and members apply new electronic commerce legislation to communications required under pension legislation. In the CAPSA’s initial consultations to develop […]
The Ontario Municipal Employees Retirement System’s private equity arm is selling MatrixCare Holdings Inc., a health-care technology company, to ResMed Operations Inc. for about $982 million. “We first acquired MatrixCare as part of a larger acquisition in 2010,” said Mark Van Wart, managing director of OMERS Private Equity, in a press release. “Since bringing John Damgaard in as CEO in […]
The Canada Pension Plan Investment Board is partnering with the Creative Destruction Lab to deepen its knowledge of cutting-edge technologies. Founded by Ajay Agrawal, a professor at the University of Toronto’s Rotman School of Management, the CDL is a seed-stage investment program, connecting science-based business ideas with investors. “This is a unique partnership,” said Sonia Sennik, […]
While the millions of voices on Twitter can feel chaotic at times, could collective opinion be harnessed to provide insight on equity investments? A new study by the University of Toronto’s Rotman School of Management believes so. Its researchers found that the aggregate opinion of numerous individual tweets before a company’s earnings report can successfully predict the subsequent […]
Sun Life Financial is piloting its new wellness rewards website among its workforce before rolling it out widely to its employer clients. Since the program was launched in August, Sun Life’s website has received 43,000 visits. “We’re off to a great start,” says Helena Pagano, executive vice-president and chief human resources and communications officer at […]
SSQ Life Insurance Co. Inc. is partnering with financial technology company Now Solutions Group, a provider of remote transactional assistance to insurance and financial services companies. “We have retained the services of NSG, an insur-tech company, for its agility and state-of-the-art offering,” said Éric Savard, vice-president of systems development and project portfolio management at SSQ Insurance, […]
Sun Life Assurance Co. of Canada has launched an online network of health resources that’s free for all Canadians. The online platform, called Lumino Health, provides information about more than 150,000 health-care providers, including dentists, physiotherapists, chiropractors, vision-care providers and psychologists. In addition, it offers more than six million ratings about these providers from Sun Life plan […]
The Canada Pension Plan Investment Board has appointed Kelly Shen as senior managing director and chief technology and data officer. “Together with her team, Kelly will further develop CPPIB’s technology and data strategy, which will help us advance operational efficiency by streamlining processes and automation,” said Mark Machin, chief executive officer of the CPPIB, in a press […]
The numbers in the Toronto Transit Commission’s benefits fraud investigation are staggering — 725 total cases, 220 dismissals, 120 arbitrations, 10 employees charged and more than $3 million in exposure. “All this stuff is still ongoing. The insurance company hasn’t cut us a cheque yet,” Mark Russell, staff sergeant, investigative services at the TTC, told attendees at […]