Welcome to the Feb 25 addition of the Friday GAB – a weekly round up of the happenings in the group benefits industry. Time to spill the tea.
First up service disruptions are happening at SSQ due to ongoing negotiations (supported by a mediator) with their union employees.
Also in service, rumors are Manulife has done another round of layoffs with 175 employees being affected. Manulife did a round of layoff last December as well. If you or someone you know have been affected by this and are looking for a job please reach out to me. I am happy to help with introductions and over in my day job at Equitable Life we are hiring in many departments.
In happier news, Sterling Capital Brokers is getting a cash injection with an investment from private equity firm True Wind Capital. John Griffin says this significant growth investment will enable Sterling to accelerate their platform enhancements to deliver smarter, more integrated solutions. Congratulations Sterling and True Wind! I expect we’ll see more M&A activity from Sterling this year as well.
In product news, GSC is updating their enrolment to be more inclusive, Sun Life is making updates to their medical cannabis offering by including edibles, topical and extract forms (and is annoyingly asking for you location when you visit their website) and Manulife has expanded the partnerships to include Wellwise by Shoppers in “The Provider Network”
Last, Telus Health sent out save the dates for their annual conference. Personally, one of my fav events, this year it’s a two day virtual event covering the “most up to date drug and benefit data trends for 2022, the latest developments in the industry and what it means for you”. The 2023 event will be interesting as the data will no longer include Sun Life certificates and instead include Desjardins certificates.