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Canadian employers say competing for talent, rising mental-health issues impacting benefits strategy: survey

Canadian employers say competition for talent (84 per cent), rising mental-health issues (63 per cent) and a focus on inclusion and diversity (48 per cent) are the top factors influencing their benefits strategy, according to a new survey by WTW. The survey, which polled more than 5,200 employers representing 22.9 million employees around the world, found Canadian employers […]

  • September 11, 2023 September 10, 2023
  • 09:00

Survey finds few U.S. employers offering 4-day workweek

Just five per cent of U.S. employers say they’re offering a four-day workweek as a flexible working arrangement for employees, according to a new survey by the International Foundation of Employee Benefits Plans. The survey, which polled more than 300 employers, found one per cent said they’ve already formally implemented a four-day workweek or are piloting […]

  • September 8, 2023 September 10, 2023
  • 15:00

OMERS Ventures appointing Michael Yang as managing partner, head of ventures

The Ontario Municipal Employees’ Retirement System venture capital arm is appointing Michael Yang as managing partner and head of ventures. Yang joined OMERS Ventures in 2019 to launch its Silicon Valley office and more recently took on the role of leading ventures efforts across North America. In the new role, he’ll be responsible for leading […]

  • September 7, 2023 September 6, 2023
  • 11:23

Survey finds institutional investors expect yuan to achieve reserve currency status

Nearly all (93 per cent) institutional investors believe the Chinese yuan is going to become the reserve currency for multiple countries within the next five years, according to a new study by mining firm Tresor Gold. It found a third (30 per cent) of respondents believe the move will prove highly successful, while only two per cent […]

  • September 7, 2023 September 6, 2023
  • 11:00

Metro, Unifor agreement includes pension, benefits gains

The union representing 3,700 frontline grocery workers at 27 Metro Inc. stores across the Greater Toronto Area has ratified a collective agreement that includes pension and benefits gains. The agreement was reached following a month-long strike by workers at the 27 stores. It includes an enhanced future service pension credit for full-time workers, increasing by $2 to […]

  • September 7, 2023 September 6, 2023
  • 09:00

Indeed offering $10,000 to U.S. transgender workers who want to relocate

As several U.S. states enact legislation restricting gender-affirming care, Indeed Inc. is offering US$10,000 to transgender employees or those with transgender children who want to relocate, according to a report by the Financial Post. The hiring company will cover any tax liability created by the payment, which is considered income, said Misty Gaither, Indeed’s vice-president […]

  • September 6, 2023 September 5, 2023
  • 09:00

U.S. public DB pension plans’ funded ratio continues to increase: report

The funded ratio of the 100 largest U.S. public defined benefit pension plans increased to 76.8 per cent as of July 31, up from 75.8 per cent at the end of June, according to a new report by consulting firm Milliman Inc. It found a second consecutive month of positive market performance drove this result, […]

  • September 5, 2023 September 1, 2023
  • 12:08

Ontario Teachers’ acquires majority stake in U.K. wealth manager; OMERS backing lithium battery recycling operator

The Ontario Teachers’ Pension Plan is acquiring a majority stake in a U.K.-based wealth and investment manager. Seven Investment Management oversees more than £21 billion in assets for 2,300 financial advisory firms and 7,000 private accounts, according to a press release, which noted the organization is pursuing a new strategy of growth over the next decade based in organic net […]

  • September 5, 2023 September 7, 2023
  • 11:00

CPPIB laying off staff in Hong Kong as it steps back from China deals: report

The Canada Pension Plan Investment Board has laid off at least five investment professionals at its Hong Kong office as it steps back from deals in China, according to a report by Reuters. Most of the employees were on the fund’s private equity team and were informed early last month, said the report, citing three […]

  • September 5, 2023 September 1, 2023
  • 09:00

Who are the finalists of the 2023 Workplace Benefits Awards?

Benefits Canada is pleased to announce the finalists of the 2023 Workplace Benefits Awards. This year’s awards program welcomed more than 115 entries across nine categories, all highlighting how Canada’s leading employers are supporting their employees’ physical, mental and financial well-being. The winners will be announced on Oct. 20 at the King Edward Hotel in Toronto during the 2023 Healthy Outcomes Conference, […]

  • September 5, 2023 September 18, 2023
  • 09:00