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The Co-operators launches mental health medical second opinion

The Co-operators Group Ltd. is partnering with WorldCare Health Inc. on a mental-health, medical second-opinion product for the insurer’s group benefits clients. The product combines an existing critical-illness, medical second-opinion review with access to hundreds of sub-specialized psychiatrists and 60 specialty clinical and research programs that address a wide range of psychiatric disorders. In using the […]

  • November 20, 2019 November 12, 2020
  • 08:45

Half of Canadians believe they’ll outlive retirements savings

Nearly half (47 per cent) of working Canadians believe there’s a serious risk they could outlive their retirement savings, according to Sun Life Financial’s latest survey. The survey, which polled more than 2,000 employed Canadians aged 20 to 64 and 750 retired Canadians aged 55 to 80, found 75 per cent of those still working don’t […]

  • November 19, 2019 November 12, 2020
  • 15:15

Survey finds 44% of Canadian workplaces have policies on vaping at work

Nearly half (44 per cent) of Canadian workplaces now have formal policies on vaping at work, according to a new survey by the International Foundation of Employee Benefit Plans. The new policies comes in the wake of the ballooning number of vapers globally; in 2018, 14 million people vaped, compared to seven million in 2011. Julie […]

  • November 19, 2019 November 12, 2020
  • 15:00

Asset managers reluctant to ink commitment to ESG into official product documents

While many investors say they apply environmental, social, and governance considerations in their investment processes, few actually include them in formalized product documents. According to a report from Cerulli, most signatories of the Principles for Responsible Investment demonstrate ESG capabilities in public materials, like their websites. However, just 4.5 per cent of assets controlled by […]

  • November 19, 2019 February 23, 2021
  • 10:07

CPPIB critiqued for investments in carbon intensive companies

The Canada Pension Plan isn’t taking sufficient action to address climate change, according to a new report by the Corporate Mapping Project and the Canadian Centre for Policy Alternatives. Specifically, the report said the CPPIB isn’t investing with the goal of limiting the global rise in temperature to 1.5 degrees Celsius. “Within its public equities […]

  • November 19, 2019 November 12, 2020
  • 10:00

Which DC plan default funds are better for retirement outcomes?

In a world increasingly moving to defined contribution pension plans, an effective default fund is key since many workers won’t make active decisions about the fund that’s right for them. But default funds can take many forms and some may be more effective than others. A new paper suggests that a default fund investment model […]

  • November 19, 2019 November 11, 2020
  • 09:51

72% of workers feel employers too tolerant of ‘toxic’ employees: survey

Almost three in four (72 per cent) employees wish their employers were less tolerant of so-called toxic employees, according to a new survey by leadership development and training company Fierce Conversations. The survey’s respondents said the three most toxic traits are a negative attitude, a tendency of being manipulative and not being a team player. When asked how managers […]

  • November 19, 2019 November 11, 2020
  • 08:45

Caisse regrouping private equity activity under Charles Émond

The Caisse de dépôt et placement du Québec is regrouping all of its private equity activities in Quebec and abroad under the leadership of Charles Émond, who has been appointed executive vice-president, Quebec, private equity and strategic planning. The move comes after Stephane Etroy decided to step down from his role as executive vice-president and head […]

  • November 18, 2019 November 12, 2020
  • 15:30

Brand discount cards increase costs to private insurers by 46%: study

As the popularity of brand discount cards grows among Canadians, how much are people actually saving? And what’s the cost to insurers? In a study published in the Canadian Medical Association Journal, researchers waded through 2.82 million prescriptions for 89 different medications for which patients used brand discount cards. It found patients saved seven per cent, or $3.49 […]

  • November 18, 2019 November 11, 2020
  • 10:31

Study finds personality traits play role in how retirees spend savings

While debt loads and plans for leaving an inheritance affect how quickly people spend their retirement savings, personality could also play a significant role, according to a new study published by the American Psychological Association. The study, conducted by Sarah Asebedo and Christopher Browning at Texas Tech University, looked at the personality and psychological data […]

  • November 18, 2019 November 12, 2020
  • 09:00