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Manulife launches opioid management program, partners with virtual health-care company

Manulife is launching a preventative opioid management program, extending its Vitality program to group benefits plans and partnering with digital health company Akira Health. The opioid management program features a two-step system. The first ensures plan members who start opioid treatment do so with a short-term supply, while the second encourages using short-acting opioids at the outset. […]

  • May 9, 2019 November 30, 2020
  • 10:30

Women accounted for 19.4% of corporate board directors in 2016: Statistics Canada

Statistics Canada has released a study showing women only accounted for 19.4 per cent of corporate board directors in 2016. This new study provides the first comprehensive estimates across all types of corporations. Previously, only the share of women on corporate boards in publicly traded corporations had been documented well. The study found that 28.0 […]

  • May 9, 2019 January 10, 2021
  • 10:00

AIMCo posts 2.5% return for 2018

In a tough year for the returns of many pension plans, the Alberta Investment Management Corp. returned an aggregate net return of 2.5 per cent in 2018. “Market volatility made 2018 a challenging year,” said Dale MacMaster, the corporation’s chief investment officer, in a press release. “Delivering a positive return for our clients was a […]

  • May 9, 2019 January 10, 2021
  • 09:44

Mental-health framework part of PSAC negotiation impasse with feds

The Public Service Alliance of Canada is declaring a bargaining impasse after failing to make substantial progress towards a new contract with the federal government. According to a press release from the union, the government is dissolving an existing memorandum of understanding on mental health without replacing it with updated framework. It also noted the government isn’t implementing recommendations […]

  • May 9, 2019 November 30, 2020
  • 09:15

Almost half of younger Canadian boomers considering delaying retirement: study

More than a fifth (21 per cent) of younger Canadian baby boomers haven’t saved for retirement, according to a survey by Franklin Templeton Investments Canada. The survey, which defined young boomers as those between the age of 55 and 64, found 17 per cent of this cohort in the United States are facing a similar situation. […]

  • May 9, 2019 September 13, 2019
  • 08:45

Are market conditions impacting investor allocations to alternatives?

As allocations to alternative assets grow, private equity is the most popular, trailed closely by real estate according to data from Preqin for the first half of 2019. Currently 65 per cent of institutional investors hold private equity, 63 per cent own real estate and 51 per cent have hedge funds. Somewhat less popular are […]

  • May 9, 2019 January 10, 2021
  • 08:05

Hub International acquiring assets of Clarity Benefits Group

Hub International Ltd. is acquiring the assets of Clarity Benefits Group Inc., a Calgary-based firm that provides benefits plans, life insurance and group retirement plans to Canadian companies. The acquisition is part of the organization’s strategy to grow its offering of employee benefits and pension solutions in Canada, noted a press release. Read: Hub International acquires assets […]

  • May 7, 2019 December 3, 2020
  • 16:13

CPPIB, PSP part of group investing in new AI fund

The Canada Pension Plan Investment Board and the Public Sector Pension Investment Board are part of a group investing in a new US$350-million fund focused on artificial intelligence. Radical Ventures, the company launching the fund, is a venture capital firm that invests in entrepreneurs involved in technology aimed at developing AI products, or applying AI, to […]

  • May 7, 2019 January 9, 2021
  • 15:35

One-third of employees don’t expect to fully retire: survey

A third of employees don’t expect to ever reach full retirement, according to a new survey by Aon. The survey, which polled 1,000 Canadians at all stages of their careers, found more employees are postponing retirement due to financial concerns. The majority of participants said they don’t expect to fully retire all at once, with only 34 per cent […]

  • May 7, 2019 September 19, 2019
  • 09:30

Morneau Shepell to acquire some of Mercer’s U.S. health, DB plan administration business

Morneau Shepell Ltd. is acquiring Mercer’s stand-alone, large market health and defined benefit pension plan administration business for U.S. employer clients. Mercer will continue to provide these services when they’re bundled with its consulting and brokerage services. It will also continue to provide large market health and benefits administration services for global employer clients with employees in […]

  • May 6, 2019 September 19, 2019
  • 15:15