With the new Canadian Dental Care Plan rolling out, it’s critical that it doesn’t displace existing employer-sponsored dental coverage, says Stephen Frank, president and chief executive officer of the Canadian Life and Health Insurance Association. He believes a tax credit would be an optimal solution that would go a long way towards encouraging employers not […]
Employers can use the time surrounding ‘Blue Monday’ to ensure they’re communicating properly with employees and highlighting mental-health supports, says Gianna Ricciardi, vice-president and practice leader at Vita Assure Inc. Blue Monday — typically the third Monday in January — is considered to be the saddest day of the year because the combination of dreary weather […]
The 10 highest-cost drugs reimbursed by public drug plans in Canada in the 2021/22 fiscal year were all rare disease treatments with annual treatment costs of more than $250,000, according to a new report by the Patented Medicine Prices Review Board. It found the increased use of high-cost drugs continued to be the main factor […]
Canadian online estate planning company Willful is expanding its bereavement policy to provide more employee support and flexibility. Employees are allowed up to 15 consecutive business days of paid leave to mourn a family member, 10 days for a close friend and three days for a pet. Through the nature of their work, Willful’s employees are very familiar […]
As someone who has become increasingly overweight in the last few years, every time I read or write about obesity being referred to as a ‘lifestyle condition’ it makes me physically cringe. Yes, some poor diet choices have contributed to my current physical condition, but it’s much more complex than that. And I know others […]
A recent development in the U.K. pension market to give British workers a ‘pot for life’ could reduce the quality of retirement plans that are already in place and create administrative challenges, says Adam Bexson, senior corporate pension consultant at Verlingue Ltd. Currently, plan members are automatically enrolled into a retirement plan chosen by their employer, […]
With the end of the year approaching, some employers and health practitioners may feel the need to tell employees to use up their benefits, but Rob Van De Cappelle, national benefits consultant at Cowan Insurance Group, cautions against this approach. “I tell employers and employees the benefits plan is there to keep you healthy and […]
Inclusivity has long been a priority at Capital One Canada and its employee leave programs are no exception. As a result of this focus, the financial company is seeing more men taking parental leave — by September 2023, men accounted for 64 per cent of employees who used the benefit. The organization offers 26 weeks […]
RendA+, an innovative bond instrument in Brazil, is serving as a relatively safe asset for defined contribution pension plans and lowering retirement risk, especially for those without a workplace pension plan. At a 2019 retirement security conference held in Brazil, Arun Muralidhar, chairman and chief investment officer at AlphaEngine Global Investment Solutions, proposed the introduction […]
The Financial Services Regulatory Authority of Ontario’s proposed family rule could allow for pension benefits to be divided more fairly in the event of a marriage breakdown, says Louis Duranleau, a senior principal of pensions at Normandin Beaudry. “When there’s an agreement between the spouses to share the retiree’s pension before it’s effectively divided in […]