MORNEAU SHEPELL - CORPORATE

YMPE jumps by nearly five per cent for 2021

Retrieved on: 
Wednesday, November 25, 2020
Finance, Money, Pensions, Annuities, Economy, Actuarial science, Investment, Personal finance, Defined benefit pension plan, Life annuity, Defined contribution plan, Target benefit plan

The YMPE for 2021 will be $61,600, while the annual contribution limit will be $29,210 for money purchase pension plans.

Key Points: 
  • The YMPE for 2021 will be $61,600, while the annual contribution limit will be $29,210 for money purchase pension plans.
  • The COVID-19 pandemic caused greater unemployment for lower income Canadians, resulting in higher than usual increases in average wages for Canadians who remained employed.
  • Quebec introduces target benefit pension legislation Quebec has introduced legislation to allow for the establishment of target benefit pension plans.
  • The legislation will also allow defined contribution plans and voluntary retirement savings plans to establish variable payment life annuity funds.

Morneau Shepell announces appointment of Chitra Nayak to Board of Directors

Retrieved on: 
Tuesday, November 24, 2020
Articles, Business, Economy, Morneau Shepell, Corporate governance, Intercom, Salesforce, Chitra, Chief operating officer, Chicago and North Western Transportation Company, Board of directors

TORONTO, Nov. 24, 2020 /CNW/ -Morneau Shepell is pleased to announce the appointment of Chitra Nayak to its Board of Directors, effective today.

Key Points: 
  • TORONTO, Nov. 24, 2020 /CNW/ -Morneau Shepell is pleased to announce the appointment of Chitra Nayak to its Board of Directors, effective today.
  • Ms Nayak was previously the Chief Operating Officer (COO) platform and Senior Vice President of global sales development for Salesforce.
  • She currently serves on the board of directors of Invitae and of Intercom.
  • "On behalf of the Board and the Company, we are thrilled to welcome Chitra," said Jill Denham, Chair of the Board.

Morneau Shepell announces appointment of Brad Levy to Board of Directors

Retrieved on: 
Tuesday, November 24, 2020
Morneau Shepell, Companies, Financial services, Banks, Goldman Sachs, Levy, Markit, Symphony Communication, Lehman Brothers, Denham

TORONTO, Nov. 24, 2020 /CNW/ -Morneau Shepell is pleased to announce the appointment of Brad Levy to its Board of Directors, effective today.

Key Points: 
  • TORONTO, Nov. 24, 2020 /CNW/ -Morneau Shepell is pleased to announce the appointment of Brad Levy to its Board of Directors, effective today.
  • Mr. Levy currently serves as the President and Chief Commercial Officer of Symphony Communications Services.
  • "On behalf of the Board and the Company, we are pleased to welcome Brad," said Jill Denham, Chair of the Board.
  • Previously, Mr. Levy was the Chief Executive Officer of MarkitSERV and held various positions at Markit, Goldman Sachs and Lehman Brothers.

GMS partners with Morneau Shepell to add total wellbeing program to Personal Health Coverage

Retrieved on: 
Monday, November 16, 2020
Morneau Shepell, Morneau, ONTARIO

TORONTO, Nov. 16, 2020 /CNW/ - Canadian insurance provider GMS Health and Travel Insurance (GMS) today announced it is providing LifeWorks by Morneau Shepell, a total wellbeing solution, to all GMS Personal Health customers as part of their coverage.

Key Points: 
  • TORONTO, Nov. 16, 2020 /CNW/ - Canadian insurance provider GMS Health and Travel Insurance (GMS) today announced it is providing LifeWorks by Morneau Shepell, a total wellbeing solution, to all GMS Personal Health customers as part of their coverage.
  • "By partnering with Morneau Shepell, we're able to offer a wealth of wellbeing products and services in the LifeWorks platform to our Personal Health customers.
  • With LifeWorks by Morneau Shepell, GMS' Personal Health customers benefit from:
    24/7 access to consultations with expert advisors for coping strategies, referrals to counselling, and connections to community agencies.
  • "GMS is making a bold move in offering LifeWorks by Morneau Shepell to its Personal Health customers and it's the right one," said Neil King, president of LifeWorks and executive vice president of Morneau Shepell.

Almost half of working Canadians say they need mental health support

Retrieved on: 
Thursday, November 12, 2020
Morneau Shepell, Mental health, Articles

TORONTO, Nov. 12, 2020 /CNW/ -Morneau Shepell, a leading provider of total wellbeing, mental health and digital mental health services, today released its monthly Mental Health Index report, revealing a consistent negative mental health score among Canadians at the seven-month mark of the pandemic.

Key Points: 
  • TORONTO, Nov. 12, 2020 /CNW/ -Morneau Shepell, a leading provider of total wellbeing, mental health and digital mental health services, today released its monthly Mental Health Index report, revealing a consistent negative mental health score among Canadians at the seven-month mark of the pandemic.
  • This decline puts working Canadians back to near the lowest point in April 2020, when the mental health score was -11.7.
  • The Mental Health Index also tracks sub-scores against the benchmark, measuring financial risk (2.5), psychological health (-2.5), isolation (-11.5), work productivity (-12.6), depression (-12.9), optimism (-13.0) and anxiety (-13.4).
  • Given the prolonged period of increased strain, nearly half (48 per cent) of respondents reported needing some form of mental health support.The most commonly reported source of mental health support is from family members (24 per cent), followed by support from friends or co-workers (20 per cent) and support from a mental health professional (eight per cent).Additionally, nine per cent of individuals reported needing support, but have not sought it.

Morneau Shepell expands iCBT programs to continue supporting Canadians' declining mental health

Retrieved on: 
Monday, November 9, 2020
Morneau Shepell, Mental health, Articles, ONTARIO, Bill Morneau

The new AbilitiCBT programs were developed in response to increased need for therapist-assisted digital services as Canadians continue to struggle with mental health challenges exacerbated by the COVID-19 pandemic.

Key Points: 
  • The new AbilitiCBT programs were developed in response to increased need for therapist-assisted digital services as Canadians continue to struggle with mental health challenges exacerbated by the COVID-19 pandemic.
  • Morneau Shepell's monthly Mental Health Index reports have continued to show a trend of declining mental health for Canadians, with findings showing that the strained mental health of Canadians may be here for the long term.
  • "Our extensive clinical data and comprehensive mental health research continues to indicate a strong and growing need for additional therapist-assisted digital mental health programs during these challenging times.
  • Morneau Shepell employs approximately 6,000 employees who work with some 24,000 client organizations that use our services in 162 countries.

Morneau Shepell launches telemedicine solution in the United States

Retrieved on: 
Monday, November 2, 2020
Articles, Morneau Shepell, Health informatics, Technology, Telehealth, Science and technology, Telemedicine

Unified telemedicine, mental health and wellbeing services increase availability of heath care for millions of U.S. employees nationwide

Key Points: 
  • Unified telemedicine, mental health and wellbeing services increase availability of heath care for millions of U.S. employees nationwide
    CHICAGO, Nov. 2, 2020 /PRNewswire/ -Morneau Shepell, a leading provider of total wellbeing, mental health and digital mental health services, today announced the launch of its first unified telemedicine solution in the United States.
  • Offered in conjunction with an employee assistance program (EAP) and wellbeing services, Morneau Shepell's telemedicine solution will further support in the seamless continuum of quality care Americans deserve.
  • "Offering telemedicine as part of a unified wellbeing solution, like LifeWorks, will shape the future of health care.
  • This announcement marks Morneau Shepell's entry into the U.S. telemedicine market and the expansion of its telemedicine network across North America.

Morneau Shepell expands telemedicine solution to the United States

Retrieved on: 
Monday, November 2, 2020

Unified telemedicine, mental health and wellbeing services increase availability of heath care for millions of U.S. employees nationwide

Key Points: 
  • Unified telemedicine, mental health and wellbeing services increase availability of heath care for millions of U.S. employees nationwide
    TORONTO, Nov. 2, 2020 /CNW/ -Morneau Shepell, a leading provider of total wellbeing, mental health and digital mental health services, today announced the launch of its first unified telemedicine solution in the United States.
  • Offered in conjunction with an employee assistance program (EAP) and wellbeing services, Morneau Shepell's telemedicine solution will further support in the seamless continuum of quality care Americans deserve.
  • "Offering telemedicine as part of a unified wellbeing solution, like LifeWorks, will shape the future of health care.
  • This announcement marks Morneau Shepell's entry into the U.S. telemedicine market and the expansion of its telemedicine network across North America.

Ontario offers deferral of DB employer contributions

Retrieved on: 
Monday, October 26, 2020
Pensions, Finance, Money, Financial services, Personal finance, Morneau Shepell, Pension fund, FsrA, Financial Services Regulatory Authority of Ontario, Defer, Defined benefit pension plan

TORONTO, Oct. 26, 2020 /CNW/ - Morneau Shepell released the October 2020 issue of its monthly newsletter, News & Views , in which the company looks at the following topics:

Key Points: 
  • TORONTO, Oct. 26, 2020 /CNW/ - Morneau Shepell released the October 2020 issue of its monthly newsletter, News & Views , in which the company looks at the following topics:
    Ontario offers deferral of DB employer contributions A new regulation permits Ontario employers to defer their defined benefit (DB) pension contributions due from October 1, 2020 to March 31, 2021.
  • Employers who make this election will be subject to a number of prohibitions and restrictions until the deferred contributions are made to the pension fund, and are required to file updates including prescribed information throughout the deferral period.
  • FSRA releases draft supervisory approach to DB asset transfer applications The Financial Services Regulatory Authority of Ontario (FSRA) has published a new draft guidance document on DB asset transfers between pension plans.
  • Ontario extends the COVID-19 deemed leave of absence period Ontario has extended its Infectious Disease Emergency Leave until January 2, 2021.

Morneau Shepell releases the results of its Performance Universe of Pension Managers' Pooled Funds

Retrieved on: 
Thursday, October 22, 2020
Morneau Shepell, Pension fund, ONTARIO

TORONTO, Oct. 22, 2020 /CNW/ -Morneau Shepell (TSX: MSI) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the third quarter of 2020.

Key Points: 
  • TORONTO, Oct. 22, 2020 /CNW/ -Morneau Shepell (TSX: MSI) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the third quarter of 2020.
  • "The good returns obtained in the third quarter enabled pension funds to improve their financial position.
  • The Asset & Risk Management consulting team at Morneau Shepell produces the quarterly Performance Universe results.
  • This team provides independent consulting services on all aspects of asset and liability management of pension funds, endowment funds, and other institutional investment funds.