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Latest news in DB

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Public sector workers, retirees calling on removal of Imperial Oil director from PSP board

Working and retired public sector employees from across Canada are calling on the federal government to remove Miranda Hubbs, director of Imperial Oil Ltd., from…

  • By: Staff
  • August 1, 2023 August 1, 2023
  • 12:00

Manitoba’s TRAF returns -0.42%, increases funded ratio in 2022

Manitoba’s Teachers’ Retirement Allowances Fund returned negative 0.42 per cent in 2022, exceeding its benchmark return of negative 5.04 per cent. “While we are pleased…

  • By: Staff
  • July 31, 2023 July 31, 2023
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

An article on the federal government’s plan to scrap Canada mortgage bonds and the potential impact on pension funds was the most-read story on BenefitsCanada.com over…

  • By: Staff
  • July 28, 2023 July 27, 2023
  • 09:00
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Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC

The federal government’s plan to consolidate Canada mortgage bonds into the Government of Canada bond program could limit pension funds’ ability to mitigate risk through…

  • By: Staff
  • July 24, 2023 July 21, 2023
  • 09:00

U.S. public pension funding shortfall unlikely to meaningfully improve in 2023: report

U.S. state and municipal pension funds are on track to miss investment targets and are unlikely to see meaningful improvements in their unfunded liabilities or…

  • By: Staff
  • July 21, 2023 July 21, 2023
  • 15:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how global pension funds compare in terms of transparency was the most-read story on BenefitsCanada.com over the last week. Here are the five…

  • By: Staff
  • July 21, 2023 July 21, 2023
  • 09:00

Average DB pension plan’s funded position up in June: report

The funded position of a typical defined benefit pension plan increased on both a solvency and accounting basis during the month of June, according to…

  • By: Staff
  • July 20, 2023 July 18, 2023
  • 12:00
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Five Canadian pension funds receive top scores for transparency: benchmark

Five Canadian pension funds are among the most transparent in the world, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM…

  • By: Staff
  • July 19, 2023 July 19, 2023
  • 15:00
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New Brunswick’s Vestcor CEO John Sinclair to retire

Vestcor Inc.’s chief executive officer John Sinclair will retire after 20 years with the organization. He’ll stay on as CEO of the provincial investment management, pension…

  • By: Staff
  • July 18, 2023 July 18, 2023
  • 11:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on the Canada Post Corp. pension plan’s 2022 results was the most-read story on BenefitsCanada.com over the last week. Here are the five most…

  • By: Staff
  • July 14, 2023 July 13, 2023
  • 09:00

Is the single-employer DB pension plan dead or merely modernizing for the future?

Predictions of the demise of defined benefit pension plans are premature. The reality is DB is still alive and well in the public sector, with…

ICPM appointing Julie Mallory to research committee

The International Centre for Pension Management is appointing Julie Mallory, managing director of portfolio strategy and investment risk at Ontario Power Generation Inc., to its…

  • By: Staff
  • July 11, 2023 July 11, 2023
  • 12:30

Canada Post pension plan down 6.7% in 2022

Canada Post Corp.’s defined benefit pension plan’s assets declined 6.7 per cent in 2022, according to its  latest annual report “2022 was a turbulent year…

  • By: Staff
  • July 11, 2023 July 11, 2023
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on how Scotiabank is aligning its benefits offerings across global markets was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • July 7, 2023 July 6, 2023
  • 09:00

Canada Post appointing Theva Naidoo as director of pension fund investments, external equities

The Canada Post Corp. pension plan is appointing Thavanesan Naidoo as director of pension fund investments and external equities. Naidoo, who has more than 30…

  • By: Staff
  • July 6, 2023 July 6, 2023
  • 12:30

Median solvency ratio of Canadian DB pensions up in Q2: reports

Canadian defined benefit pension plans’ median solvency ratio increased in the second quarter of 2023, according to a new report by Mercer. The report, which looked…

  • By: Staff
  • July 6, 2023 July 5, 2023
  • 09:00
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TTC Pension Plan appointing Andy Greene as CIO, James Clarkson as CFO

The Toronto Transit Commission Pension Plan board is appointing Andy Greene as chief investment officer and James Clarkson as chief financial officer and treasurer. As CIO,…

  • By: Staff
  • July 4, 2023 July 4, 2023
  • 12:30

Canadian annuity prices show asymmetrical response to interest rate shifts: experts

Canadian annuity prices have an asymmetrical response to changing interest rates, making it more expensive to de-risk defined benefit pension plans shortly after rates rise,…

Pension investment organizations backing consolidated sustainability standards in joint statement

The leaders of 11 of Canada’s largest public sector pension investment organizations are calling on companies to adopt a new framework that would consolidate existing…

  • By: Staff
  • June 29, 2023 June 29, 2023
  • 12:30
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Ivanhoé Cambridge entering self storage partnership, Ontario Teachers’ backing telecom tower acquisition

The real estate arm of the Caisse de dépôt et placement du Québec is making its first investment in alternative industrial assets through a partnership…

  • By: Staff
  • June 27, 2023 June 27, 2023
  • 12:30

Leveraging the long-term perspective at Rexel North America

The current economic maelstrom, with its high inflation and interest rates, has left many institutional investors operating in uncharted territory — though not Rashid Maqsood,…

Canadian DB pension plan assets decline 0.6% in May: report

The funded position of a typical Canadian defined benefit pension plan fell slightly on a solvency basis and rose on an accounting basis in May,…

  • By: Staff
  • June 15, 2023 June 15, 2023
  • 12:30

Salvatore Iacono to succeed John Sullivan as Cadillac Fairview president, CEO

Salvatore Iacono will succeed John Sullivan as president and chief executive officer of Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan,…

  • By: Staff
  • June 13, 2023 June 13, 2023
  • 12:30

Caisse underwriting bridge bonds, OMERS backing financial analytics platform

The Caisse de dépôt et placement du Québec is underwriting $75 million of bonds issued to finance a portion of the construction of a new…

  • By: Staff
  • June 13, 2023 June 13, 2023
  • 12:30