The Healthcare of Ontario Pension Plan’s struggles when the dot-com bubble burst planted the seeds for the liability-driven investing strategy it’s so well known for today. At the time, the plan had a traditional 60/40 portfolio of equities and bonds, and saw its significant funding surplus quickly turn into a deficit as equities took a […]
Central banks slowing their quantitative easing policies and economic improvements off the back of wide-scale vaccination efforts should both provide bond yields with a modest boost in 2021. But that won’t give defined benefit pension plan sponsors much relief. “You hear the phrase ‘low for long’ and I would agree we’re in an extended period […]
Sun Life Canada is launching a new virtual mental-health coach for plan members that taps into the power of predictive analytics. The virtual coach will launch in the first quarter of 2021, starting with a small number of clients, and after six months, the insurer will slowly bring more organizations on board. The insurer’s goal with the pilot program is […]
The Canada Revenue Agency is introducing a simplified process to claim up to $400 in office expenses for Canadians working from home during the coronavirus pandemic. The process will allow employees to claim these expenses as deductions on their personal income tax return for the 2020 tax year. Eligible employees can claim a deduction if […]
Nearly half of working Canadians (49 per cent) will be taking less or no vacation time this December as a result of the ongoing coronavirus pandemic, according to a new survey conducted on behalf of ADP Canada Co. The survey found 27 per cent of those respondents won’t take any time off at all during […]
As we approach the end of a truly challenging year with more uncertainty on the horizon for 2021, people all over the globe are adjusting to the new realities of their personal and professional lives. No one is unaffected. In a broad sense, the world of employment is now divided between people working at home […]
While professional services company Accenture has long been supportive of its working parents, it introduced a new backup childcare program in 2020 to help employees with the challenges precipitated by the coronavirus pandemic. “When the pandemic hit, our working parents found themselves homeschooling their kids while juggling the demands of remote work,” says Susan Goodyer, […]
In the midst of the coronavirus pandemic, the Town of Newmarket is prioritizing the well-being of its staff and its community by creating a new role — chief positivity officer. “First and foremost, it was about the collective health of the organization,” says Jamie Boyle, the Town’s supervisor of customer service, who was given the […]
Aramark Canada Ltd.’s director of total rewards talks balancing total rewards priorities, employee assistance programs and children’s psychological development. Q. What top challenges do you face in your role? A. In total rewards, it’s always balancing many things, so finding the right balance between the different programs you have . . . . Striking the […]
While institutional investors are facing headwinds from unexpected inflation and geopolitical realignment in 2021, the coming year will also see rebounds for corporate earnings and equities, according to two new research papers from Mercer. “Non-stop social and technological change has increased at a rate as exciting as it’s bewildering and COVID-19 has resulted in an […]