An article on how Scotiabank is supporting employee financial 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. Scotiabank supporting employee financial well-being with pension info sessions 2. Expert panel: The future of work is flexible, prioritizes employee mental health 3. Canadian pension funds calling […]
Apple Inc. is upping its compensation package and giving its U.S. retail employees a pay increase of 10 per cent or more in a bid to help them combat inflation and stave off a push to unionize across many of its stores. Retail staff will see their wages rise to at least US$22 per hour, up […]
The Canada Pension Plan Investment Board is launching a growth equity team. The team, which will be led by Leon Pedersen as managing director and head of growth equity, will rely on some elements of the CPPIB’s traditional approach to private equity investing. This includes its focus on building direct relationships with promising companies before […]
The Canadian pension risk transfer market registered about $6.6 billion in annuity sales in the second half of 2021, far exceeding the activity of any previous calendar year, according to a new report by Eckler Ltd. It found total annual sales of about $7.7 billion were generated in 2021, with more than $200 million in business […]
Ontario’s right-to-disconnect legislation takes effect today, requiring employers to have a written policy about employees disconnecting from their job at the end of the workday. The legislation — which pertains to employers with 25 or more workers — passed last November and was introduced by the Progressive Conservative Party of Ontario as part of the […]
Fewer than half of U.S. employees experiencing loneliness say they’re able to perform to the best of their abilities (48 per cent) and work efficiently (47 per cent), according to a new survey by Cigna Corp. The survey, which polled 2,500 employers, found 42 per cent of lonely employees said they were “mentally somewhere else” […]
Only a sixth of employees feel highly connected at work, with employees who work onsite feeling the least connected, according to a new survey by Accenture. The survey, which polled 1,100 executives and 5,000 employees, found 42 per cent of onsite workers said they don’t feel connected, compared to 36 per cent of employees in […]
The Caisse de dépôt et placement du Québec is investing in a private pharmaceutical company. The investment in the Quebec-based Corealis Pharma Inc., a company that partners with the pharmaceutical and biotechnology sector organizations to produce tablets, capsules and granules, has seen average annual sales growth above 15 per cent since it was founded in […]
Several of Canada’s largest pension funds have backed a proposal requesting that Amazon.com Inc. review how its actions against ongoing union organizing efforts align with its stated commitment to freedom of association and collective bargaining. The proposal by the Shareholder Association for Research and Education and the Catherine Donnelly Foundation was supported by the Alberta […]
Retirees with defined benefit pension plans are less likely to draw down their savings to cover their spending than those with a defined contribution plan, according to a new report by the University of Michigan. It found while most employees born between 1920 and 1940 had access to a DB plan, this percentage dropped dramatically […]