Staff

Survey finds Canadians’ financial well-being continues to decline amid rising inflation

The financial well-being of working Canadians has fallen sharply and is at its lowest point since January 2021, according to LifeWorks Inc.’s latest financial well-being index. It found the number of Canadians reporting a worsening financial situation increased five per cent compared to the previous period and those reporting an increase in financial concerns climbed […]

  • September 16, 2022 September 15, 2022
  • 09:00

Claims paid out to support mental health up 75% since 2019: CLHIA

Canadian life and health insurers processed nearly $600 million in claims related to mental health in 2021, up 45 per cent since 2020 and 75 per cent since 2019, according to the Canadian Life and Health Insurance Association’s annual fact book. “2021 was a year of recovery and insurers have been proud partners helping employers […]

  • September 16, 2022 September 15, 2022
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on Canada’s ranking in retiree 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. Canada drops to No. 15 in retiree well-being global rankings: report 2. Court rules employers must include electronic tips under pensionable earnings 3. Expert panel: How employers can support […]

  • September 16, 2022 September 15, 2022
  • 09:00

Institutional investor trust in crypto declined in Q2: survey

The majority (51 per cent) of Canadian investors now consider cryptocurrency investments to be untrustworthy, according to a new survey by Bitstamp, a cryptocurrency exchange based in Luxembourg. The survey, which polled 1,000 retail and 2,000 institutional investors in 23 countries, found global institutional investor trust in crypto assets dropped slightly, from 70 per cent […]

  • September 15, 2022 September 15, 2022
  • 13:00

CPPIB, OMERS selling Chicago toll road stakes; Caisse backing renewable energy credit lender

The Canada Pension Plan Investment Board and the Ontario Municipal Employees’ Retirement System are selling their respective interests in a Chicago toll road. The investment organizations, which each hold 33.3 per cent stakes in the Skyway Concession Co., are selling their interests to Atlas Arteria Ltd., an Australian toll road investor. SCC manages, operates and […]

  • September 15, 2022 September 15, 2022
  • 11:30

Federal government seeks to launch national dental care in December

The federal government is aiming to launch the first phase of its national dental-care program on Dec. 1. The program, which will provide dental care for uninsured households earning less than $90,000 annually, will initially provide coverage of up to $650 per year for children aged 12 and younger, according to a press release. The […]

  • September 15, 2022 September 14, 2022
  • 09:00

IBM entering US$16BN pension risk transfer

International Business Machines Corp. is entering a US$16 billion pension risk transfer. The annuity transaction will see 40 per cent of IBM’s defined benefit pension plan’s liabilities transferred. The Prudential Insurance Co. of America and Metropolitan Life Insurance Co. will each insure half of the payments for 100,000 IBM plan participants and beneficiaries. Prudential will […]

  • September 15, 2022 September 14, 2022
  • 09:00

Just 19% of Canadian investment managers adopting fully remote working models: survey

Just 19 per cent of Canada’s investment managers say they’ve adopted a fully remote working model as of September 2022, according to a survey by the Portfolio Management Association of Canada. The survey, which polled more than 100 investment managers among the PMAC’s membership, also found more than a quarter (26 per cent) said they’re […]

  • September 14, 2022 September 14, 2022
  • 15:00

Canadian DB plan assets dip 2.4 per cent in August: report

The value of a typical Canadian defined benefit pension plan’s assets declined in August, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets shrink by 2.4 per cent over the month. The value of the benchmark portfolio, which is composed of 50 per cent […]

  • September 13, 2022 September 13, 2022
  • 12:30

Global pension plan sponsors concerned about recession, stagflation: survey

More than half (57 per cent) of global pension plan sponsors are very concerned about the prospect of looming stagflation, according to a new survey by Ortec Finance Ltd. Based on a series of interviews with Australian, British, Canadian, Danish, Dutch, Norwegian, Swedish and Swiss pension plan sponsors in June, the survey also found respondents […]

  • September 13, 2022 September 13, 2022
  • 12:21