More than a third (38 per cent) of plan sponsors are planning to update their benefits plan design by the end of this year, on par with those that did so in 2020 (39 per cent), according to a survey by Arthur J. Gallagher Canada Ltd. The survey, which polled more than 500 Canadian plan […]
Canadian pension plans saw returns averaging about 0.6 per cent in the third quarter of 2021, according to a new report by Northern Trust Canada. Despite the sluggish growth in the quarter, gains from the first half of the year have buoyed most Canadian pension plans. The report found the median plan had seen the […]
Over two-thirds (66 per cent) of Canadian benefits plan members said they feel less connected to their co-workers and employers over the past year since shifting to remote working amid the coronavirus pandemic, according to the 2021 Benefits Canada Healthcare Survey. That number rose for respondents who said they aren’t satisfied with their jobs (73 […]
A new study is urging employers to transition from a traditional focus on employee benefits to one that covers job and work design, management, rewards practices, a commitment to psychological safety and fairness and a culture of employee listening. The Josh Bersin Co., a U.S.-based research and advisory company, examined 91 practices and programs in […]
A story looking at the award-winning strategy behind Canadian Forest Products Ltd.’s ongoing support for employees’ savings and retirement goals took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Canfor wins award for educating employees on retirement savings 2. Ontario introducing right-to-disconnect legislation 3. Unvaccinated employees may […]
The majority of human resources professionals said they believe their organizations’ current benefits and retirement offerings are meeting the needs of a diverse workforce, according to a new survey by Aon. The survey, which polled 262 HR professionals across Canada, found almost three-quarters (74 per cent) said they believe their retirement savings program is sufficient for […]
Risk managers consider cyber attacks and data breaches as the biggest threats to businesses, including those in the financial sector, according to a new survey by Aon. The survey, which polled more than 2,000 respondents in 16 global industries, also found that cyber security and data breach risks are rated as the most significant risk […]
The Canada Pension Plan Investment Board is appointing Deborah Orida as its first chief sustainability officer. In the role, Orida will lead the CPPIB’s efforts to address climate change. She’s mandated to maintain a global, cross-enterprise approach to sustainability. In a press release announcing her appointment, John Graham, the CPPIB’s president and chief executive officer, […]
More than a third (35 per cent) of employees said they’re considering leaving their job or are unsure about whether to stay with their company, according to the latest monthly mental-health index by LifeWorks Inc. Additionally, the mental-health scores of these groups (negative 21.9 and negative 16.7, respectively) were more than three-times worse than for […]
The Ontario Teachers’ Pension Plan is putting its investment dollars and its Teachers’ Innovation Platform to use for a cryptocurrency exchange. During a funding round hosted on the Ontario Teachers’ TIP, FTX Trading Ltd. received just over $420 million from investors, driving up the company’s valuation to $25 billion. The Ontario Teachers’ were among 69 […]