Manulife Financial Corp. is increasing its family leave support for Canadian employees, providing 20 weeks of paid maternity leave and 12 weeks of paid parental and adoption leave, effective Jan. 1, 2021. Canadian employees and their dependants also now have access to full gender affirmation coverage for both surgical and non-surgical treatments, as well as […]
The Canada Pension Plan Investment Board ended its second quarter of fiscal 2021 with net assets of $456.7 billion, up from $434.4 billion, according to a new report. The $22.3 billion increase in net assets for the quarter consisted of $21.6 billion in net income after all costs and $700 million in net CPP contributions. The […]
Pension investments are a key component of ensuring secure benefits for plan members upon their retirement. To celebrate the plan sponsors and pension investors who work hard to ensure strong investment outcomes, the first-ever Pension Leadership Awards will recognize winners across several categories. The Defined Contribution Investment Innovation Award will go to a DC pension […]
The Alberta Investment Management Corp. is appointing Alison Schneider as vice-president of responsible investment. With more than nine years of experience at the AIMCo, she joined the organization as senior manager of responsible investment in 2011. “Alison . . . has been foundational in building our responsible investment program and team, as well as in widening and […]
The Caisse de dépôt et placement du Québec, the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are entering into subscription agreements with Intact Financial Corp. to support its conditional acquisition offer for RSA Insurance Group. The Caisse, the CPPIB and the Ontario Teachers’ are committing $1.5 billion, $1.2 billion and $500 […]
Canadians’ mental health declined further in October to negative 11.4, down from negative 10.2 in September, due to the prolonged strain of the coronavirus pandemic and the divisive U.S. election, according to Morneau Shepell Ltd.’s latest monthly mental-health index. “COVID-19 continues to take a toll on the mental health of Canadians and we are now […]
As the coronavirus pandemic continues, employees are viewing fitness benefits with increased importance, according to a new survey by ClassPass Inc. The survey found 70 per cent of respondents said they consider fitness benefits second only to health-care benefits, with 92 per cent saying they plan to return to gyms in 2021. Within that group, […]
Telus Health is partnering with Canada Life Assurance Co. and Innomar Strategies Inc. to launch Canada’s an electronic drug prior authorization solution. The pilot program will test the digitized process to fulfill prior authorization submissions for real prescription cases and evaluate its impact on process efficiency, consistency of adjudication results and the overall plan sponsor and member […]
The solvency ratio of Ontario’s defined benefit pension plans jumped four per cent in the third quarter of 2020, according to an update by the Financial Services Regulatory Authority of Ontario. The increase is further evidence that market recovery is well underway since the coronavirus pandemic rocked the world economy in early 2020, noted the […]
Sun Life Financial is introducing a digital program to advance workplace diversity, inclusion and equity among its global workforce. The peer learning program, by Hive Learning Ltd., is designed to help employees own, accelerate and embed change, increasing the pace at which inclusion becomes a habit, according to a press release. Read: How to use benefits to support […]