Canadians named to advisory board developing transparency benchmark for pensions

A new advisory board tasked with creating a benchmark for transparency throughout global pension investment systems will include two Canadian members.

The board was jointly established by and CEM Benchmarking Inc. to foster more transparency in pension investments, with the aim of improving outcomes for plan members. According to a press release, the benchmark ratings will examine governance and organization, performance, costs and responsible investing.

The advisory board members are:

– Keith Ambachtsheer, president of KPA Advisory Services Ltd. and co-founder and board member of CEM in Canada;

-David Atkin, former chief executive officer of Construction and Building Unions Superannuation in Australia;

-Lorelei Graye, founder of Adopting Data Standards in the U.S.;

-Angélique Laskewitz, director of the Association of Investors for Sustainable Development in the Netherlands; and

-Neil Murphy, vice-president of communications at the Investment Management Corp. of Ontario.

Set to launch in February 2021, the benchmark will rank 15 countries on public disclosures of key value generation elements for the five largest pension fund organizations within each country.