Investments – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 11 Jun 2021 19:00:10 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Decline in bond yields signals market observers to be on ‘inflation watch’: report https://www.benefitscanada.com/news/cir-news-news/decline-in-bond-yields-signals-market-observers-to-be-on-inflation-watch-report/ Thu, 10 Jun 2021 16:30:49 +0000 https://www.benefitscanada.com/?p=101884 The funded position for an average Canadian defined benefit pension plan improved slightly during May, with a solvency of 108.2 per cent, according to a new report by LifeWorks Inc. (formerly Morneau Shepell Ltd.) On an accounting basis, it found expenses for the average pension plan had dropped precipitously since the beginning of 2021, at […]

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UPP appointing first managing director of responsible investing https://www.benefitscanada.com/canadian-investment-review/db-investments/upp-appointing-first-managing-director-of-responsible-investing/ Thu, 10 Jun 2021 13:15:32 +0000 https://www.benefitscanada.com/?p=101889 The University Pension Plan has appointed Brian Minns as its first managing director of responsible investing. Prior to joining the UPP, Minns spent 10 years working for Addenda Capital Inc, culminating a three-year tenure as its vice-president of sustainable investing. In that role, he was responsible for impact investing and the implementation of environmental, social and […]

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Caisse buying natural gas company, Ontario Teachers’ closing Enwave deal https://www.benefitscanada.com/canadian-investment-review/alts/caisse-buying-natural-gas-company-otpp-closing/ Wed, 09 Jun 2021 12:45:07 +0000 https://www.benefitscanada.com/?p=101815 The Caisse de dépôt et placement du Québec is taking a majority interest of Noverco and its subsidiary Energir, Quebec’s largest natural gas distribution company. The Caisse owns 64.5 per cent of Trencap, a limited partnership that reached an agreement to buy all of the 39.5 per cent outstanding interest in Noverco held by Enbridge for […]

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British Airways appointing outsourced chief investment officer https://www.benefitscanada.com/canadian-investment-review/strategies/british-airways-appointing-outsourced-chief-investment-officer/ Tue, 08 Jun 2021 16:30:56 +0000 https://www.benefitscanada.com/?p=101768 British Airways is appointing Blackrock Inc. as outsourced chief investment officer for its two defined benefit pension plans. While many U.K.-based pensions have adopted an OCIO model, the agreement is significant due to its scale. The Airways Pension Scheme and New Airways Pension Scheme have combined assets of £21.5 billion ($36.82 billion), making the transfers […]

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BCI’s 2020 ESG report highlights sustainable bonds, investment guidelines https://www.benefitscanada.com/news/cir-news-news/bcis-2020-esg-report-highlights-sustainable-bonds-investment-guidelines/ Mon, 07 Jun 2021 19:00:55 +0000 https://www.benefitscanada.com/?p=101727 The British Columbia Investment Management Corp. is becoming “more intentional about” its ongoing environmental, social and governance efforts in the wake of the coronavirus pandemic, says Jennifer Coulson, vice-president of ESG and public markets for the investment manager. Its 2020 annual report highlights the BCIs’ expansion of its carbon footprint reporting to include all asset classes […]

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CPPIB in funding for renewable energy software start-up, Caisse in manufacturer platform https://www.benefitscanada.com/canadian-investment-review/alts/cppib-in-funding-for-renewable-energy-software-start-up-caisse-in-manufacturer-platform/ Mon, 07 Jun 2021 13:00:38 +0000 https://www.benefitscanada.com/?p=101687 The Canada Pension Plan Investment Board and partners have closed a $27 million series B funding round for Clir Renewables, a software start-up developing cloud-based renewable energy asset management and reporting software. Since it was founded in 2017, Clir has provided technology to support asset owners of renewable energy assets in 11 countries through its artificial intelligence-driven […]

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New longevity pension fund offers decumulation option for plan sponsors https://www.benefitscanada.com/canadian-investment-review/dc-investments/new-longevity-pension-fund-offers-decumulation-option-for-plan-sponsors/ Mon, 07 Jun 2021 13:00:28 +0000 https://www.benefitscanada.com/?p=101678 Purpose Investments Inc. is introducing a new longevity pension fund, which invests 50 per cent in equities and 50 per cent in fixed income. It can be incorporated into a defined contribution plan to provide plan members with an in-plan decumulation option, says Pat Leo, vice-president of retirement solutions at Purpose Investments, noting investors can redeem […]

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U.S. pension funds supporting changes to Exxon board in battle over climate change https://www.benefitscanada.com/canadian-investment-review/strategies/u-s-pension-funds-supporting-changes-to-exxon-board-in-battle-over-climate-change/ Fri, 04 Jun 2021 13:00:58 +0000 https://www.benefitscanada.com/?p=101618 As Exxon Mobil Corp. shareholders continue their bid to force the oil giant to deal more aggressively with climate change, several large U.S. institutional investors are backing a slate of alternative directors. The company announced Wednesday that three candidates nominated by a dissident group of shareholders, called Engine No. 1, had been elected to its board […]

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2021 BPS coverage: How PCL is balancing benefits, pension decisions during coronavirus https://www.benefitscanada.com/news/bencan/2021-bps-coverage-how-pcl-is-balancing-benefits-pension-decisions-during-coronavirus/ Fri, 04 Jun 2021 13:00:44 +0000 https://www.benefitscanada.com/?p=100846 With the majority of PCL Construction Ltd.’s workforce continuing to work at its Canada-wide job sites and offices throughout the coronavirus pandemic, the organization’s decisions around its health benefits and pension plan have been to keep rolling. Speaking during a Q&A session to close out Benefits Canada‘s 2021 Benefits & Pension Summit on May 19, […]

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CPPIB investing in West Bengal mall, OTPP selling British biscuit company https://www.benefitscanada.com/canadian-investment-review/alts/cppib-investing-in-west-bengal-mall-ontario-teachers-selling-british-biscuit-company/ Wed, 02 Jun 2021 20:00:31 +0000 https://www.benefitscanada.com/?p=101431 The Canada Pension Plan Investment Board is investing 5.6 billion Indian rupees (about $93 million) to secure a 49 per cent equity stake in a regional retail centre in Kolkata, located in West Bengal. The nine-hectare mall will be a joint venture between the CPPIB and Phoenix Mills Ltd. Construction will begin this year in […]

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