Alberta Health Services is enhancing its employee assistance program with new mental-health resources for members. The new offerings are the result of a partnership between EAP provider Homewood Health Inc. and headversity, a mental-health and resilience platform, according to a press release, which noted the program reaches 250,000 users in Western Canada. Read: Sun Life […]
Canadians are skipping contributions to their registered retirement savings plans and considering a delayed retirement amid the coronavirus pandemic, according to a new survey by Edward D. Jones & Co. It found of the more than half (52 per cent) of Canadians won’t to contribute to their RRSP this year, 44 per cent cited the […]
Forty per cent of Black professionals say the biggest obstacle in their career is not having a clear path or opportunity for advancement at their organization, according to a new LinkedIn Corp. survey. Of the more than 2,000 Black professionals recently surveyed, 44 per cent felt they’ve been overlooked or intentionally passed by for career […]
The coronavirus pandemic is accelerating several health care trends in 2021, including the growth of virtual care and a focus on mental and emotional well-being, according to the Business Group on Health. The Washington-headquartered organization predicts the rapid expansion and availability of virtual care in 2020 will likely lead to increased options, including weight management, […]
The Association of Canadian Pension Management is calling on the federal government to implement two measures to assist in identifying deceased pension plan beneficiaries and in recovering overpaid amounts. In its letter to the department of Finance Canada, the ACPM requested that plan administrators be permitted to recover tax withheld at source through a credit […]
The Ontario Teachers’ Pension Plan and Ares Management Corp. are both acquiring a majority interest in U.S.-based packaging company TricorBraun. The packaging company’s management team will continue to lead TricorBraun following the close of the transaction and its leadership team will also retain a significant investment in the company, as will its current majority owner, AEA […]
The Canada Pension Plan Investment Board is forming a joint venture with Greystar Real Estate Partners to pursue multi-family real estate development opportunities in target markets in the U.S. The CPPIB has invested US$350 million in equity to the joint venture for a 90 per cent stake and Greystar has allocated US$39 million for the remaining 10 per cent. Greystar will manage […]
The Ontario Teachers’ Pension Plan is among the investors contributing more than US$1.6 billion in Series E+ financing to Zuoyebang, a China-based online education start-up. Other investors in this round include Alibaba Group Holding Ltd., FountainVest Partners (Asia) Ltd., Sequoia Capital China, Softbank Vision Fund and Tiger Management Corp. The funding will be used to […]
Morneau Shepell Ltd. is appointing Paula Allen as global leader and senior vice-president of research and total well-being. She’s been with the company for 15 years in various roles, most recently as senior vice-president of research, analytics and innovation for more than a year before starting her new role in December. Allen has more than […]
The aggregate funded ratio for Canadian pension plans in the S&P/TSX composite index increased from 90.8 per cent to 91.2 per cent during the past 12 months, according to Aon’s pension risk tracker. Aon found the funded status deficit decreased by $200 million, which was driven by asset increases of $18.7 billion and offset by […]