With the 2021 Workplace Benefits Awards’ nomination process drawing to a close in a couple of weeks, Benefits Canada is pleased to announce this year’s panel of judges. The deadline for this year’s awards has been extended to July 7, at which time the awards entries will be turned over to several industry experts. Read: Deadline […]
The coronavirus pandemic is financially impacting generation Z, millennials, generation X and baby boomers differently. Canadians from the millennial (22 per cent) and gen-X (25 per cent) cohorts were slightly more than two-times more likely than baby boomers (10 per cent) to have said the pandemic significantly set them back financially, according to a new […]
The Association for Canadian Pension Management is urging New Brunswick’s Financial and Consumer Services Commission to ensure unclaimed entitlements from ongoing pension plans are eligible for transfer to the province’s unclaimed property fund at the option of the plan administrator. Under a proposed revision to New Brunswick’s unclaimed property program, organizations and government entities holding […]
There could be “unintended consequences” if a bill conferring preferred creditor status to defined benefit pension plan members during bankruptcies passes through Canada’s House of Commons, according to an open letter from the Pension Investment Association of Canada. In an open letter, to Michael MacPherson, clerk of the standing committee on industry, science and technology, from Natasha Trainor, […]
In an effort to retain employees post-coronavirus pandemic, employers across the country are embracing remote working and signalling it’s here to stay, according to a new survey by the Business Development Bank of Canada. The survey, which polled more than 700 small businesses and 2,000 workers, found 48 per cent of employee respondents who’ve switched […]
The Ontario Teachers’ Pension Plan is leading a US$138 million ($172 million) Series C funding round for Beamery Ltd., a company with an artificial intelligence-based online platform aimed at helping companies engage and retain talented people. Beamery uses AI in its operating system, allowing employers to quickly sift through candidates. In the first three months […]
The Public Sector Pension Investment Board is reporting a net return of 18.4 per cent in fiscal 2021. As of March 31, 2021, the PSP had $204.5 billion in net assets under management, up 20.4 per cent from $169.8 billion at the end of the previous fiscal year. The PSP also reported a 10-year annualized […]
While only 15 per cent of surveyed working Canadians listed wellness programs among their top three factors for successful remote work, the figure is almost double (28 per cent) among generation Z respondents, according to a survey for Randstad Canada by Ipsos. And though there’s been a lot of talk about the importance of employee […]
Representatives from eight of Canada’s largest pension funds — known as the Maple Eight — participated in the first meeting of the Sustainable Finance Action Council last week. On June 11, representatives of the Alberta Investment Management Corp., the British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension […]
Investment fees led the agenda at the Joint Forum of Financial Market Regulators’ annual meeting last week. This year, the forum engaged externally on investment fees, a topic of high importance to both defined contribution pension plan members — particularly those invested in mutual funds — and policy holders of segregated funds. It sought the views […]