According to the Public Health Agency of Canada, the flu affects 5% to 10% of Canadians each year, which equates to sick days and productivity loss for employers. Today kicked off the provincial government’s flu campaign and it is encouraging employers to spread the message about getting the flu shot to their employees. The Ontario […]
Controlling escalating drug costs means plan sponsors need to do more than just have prior authorization for high-cost drugs and restricted formularies. These programs will help, but it’s a small percentage of the employee population that actually uses the drugs.
Pyramis survey finds plan sponsors changing course.
Pension fund managers are concerned about their long-term returns, with 40% of Canadian institutional investors surveyed in the 2012 Pyramis Global Institutional Investor Survey saying they don’t think they will meet their annualized target returns over the next five years. To battle this, plan sponsors are becoming more tactical when it comes to their portfolios and are rethinking their asset mix.
Using the core-plus approach gives you the tactical approach to be able to “move where the puck’s going,” says Jeff Moore, a fixed income portfolio manager with Pyramis Global Advisors.
As plan sponsor, if you aren’t concerned with tail risk, you should be.
The Office of the Superintendent of Financial Institutions (OSFI) has good news for plan sponsors and insurers today. It has announced that buy-in annuities issued by a life insurance company are permissible investment options for pension plan.
New survey results suggest employees are starting to recognize the value of an employer-sponsored pension plan, with more workers saying they’d sacrifice a portion of their pay for a secure pension plan and others saying it’s a top factor to consider before joining an organization.
The benefits and pension industry isn’t one of major change. While there are small, incremental changes to products, delivery and best practices, this industry isn’t one of monumental change. But Peter Sheahan, founder and CEO of Changelabs, says the industry is due.
Canadian employers are skeptical of their employees’ understanding of their company-sponsored capital accumulation plan (CAP) and/or supplementary retirement plans (SERP), a new study from Buck Consultants has found.