CIR news

Latest news in Other

How can pension plan sponsors help women hit their retirement readiness stride?

Preparing financially for retirement is a marathon filled with many obstacles along the way to a constantly shifting finish line. Even in 2021, female employees…

Copyright_ michaeljayfoto_123RF

Improving business outcomes top priority for investment organizations focusing on DEI: survey

A third of investment organizations participating in the CFA Institute’s recent diversity, equity and inclusion program said they’ve trained between 81 and 99 per cent…

  • By: Staff
  • September 16, 2021 September 15, 2021
  • 12:00

Trusteed pension funds’ assets valued at $2.1T in Q1: StatsCan

The market value of assets held by Canadian trusteed pension funds totalled $2.1 trillion at the end of the first quarter, according to new data…

  • By: Staff
  • September 16, 2021 September 16, 2021
  • 09:32
Alberta Teachers’ Association set to legally challenge pension order

AIMCo, Alberta Teachers’ sign investment management agreement

The Alberta Investment Management Corp. has reached an investment management agreement with the Alberta Teachers’ Retirement Fund Board following a protracted period of negotiation. The…

  • By: Staff
  • September 9, 2021 September 9, 2021
  • 09:30

Phishing and ransomware risks on the rise for pension funds, says expert

Phishing and ransomware attacks are among the top threats to pension plan sponsors and institutional investors by cyber criminals, according to Jennifer Williams, director of…

IMCO appointing Rossitsa Stoyanova as CIO

The Investment Management Corp. of Ontario is naming Rossitsa Stoyanova as its next chief investment officer. The announcement comes just weeks before the organization’s current…

  • By: Staff
  • August 12, 2021 August 12, 2021
  • 12:00
Copyright_Mikhail Tsikhanovich_123RF

FSRA issuing guidance on pension plan administrator responsibilities

The Financial Services Regulatory Authority of Ontario is releasing final interpretation guidance to support the role and responsibilities of pension plan administrators. The guidance, an updated…

  • By: Staff
  • July 30, 2021 July 29, 2021
  • 09:00

UPP selects CIBC Mellon for investment operations, pension plan member services

The University Pension Plan has selected CIBC Mellon to provide asset servicing, investment operations and plan member services, including custody, institutional accounting, performance and analytics, risk,…

  • By: Staff
  • July 27, 2021 July 26, 2021
  • 09:00

Aon, Willis Towers Watson call off proposed merger

Aon and Willis Towers Watson have agreed to terminate their proposed merger and end litigation with the U.S. Department of Justice. The merger, which was…

  • By: Staff
  • July 26, 2021 July 26, 2021
  • 12:00

CFA’s ESG standards could facilitate greenwashing, warns IFIC

The Chartered Financial Analyst Institute’s draft voluntary environmental, social and governance disclosure standards are vulnerable to greenwashing, warns the Investment Funds Institute of Canada. In…

BCI names Ramy Rayes interim EVP, investment strategy and risk

The British Columbia Investment Management Corp. is appointing Ramy Rayes as acting executive vice-president of investment strategy and risk. Rayes, who joined the BCI in…

  • By: Staff
  • July 19, 2021 July 20, 2021
  • 15:00

Millennials, gen-Xers hit hardest financially during pandemic: survey

The coronavirus pandemic is financially impacting generation Z, millennials, generation X and baby boomers differently. Canadians from the millennial (22 per cent) and gen-X (25…

  • By: Staff
  • June 24, 2021 June 24, 2021
  • 09:00

Financial market regulators highlighting focus on DC investment fees

Investment fees led the agenda at the Joint Forum of Financial Market Regulators’ annual meeting last week. This year, the forum engaged externally on investment fees,…

  • By: Staff
  • June 15, 2021 June 14, 2021
  • 15:00
Copyright_serezniy_123RF

Desjardins Group to acquire Montreal-based Hexavest

The Desjardins Group is set to acquire Montreal-based investment firm Hexavest Inc. The deal is expected to close on Sept. 1, 2021, subject to certain…

  • By: Staff
  • May 31, 2021 June 1, 2021
  • 15:15
Copyright_Michal Balada_123RF

Pension sponsors have fiduciary responsibility to consider climate change: webinar

Canada’s pension plan sponsors have a fiduciary responsibility to consider climate change in their financial decisions, according to Randy Bauslaugh, counsel for pensions and benefits…

Copyright_Wittaya Doktanyong_123RF

Manulife Financial linking executive team goals to climate action

Manulife Financial Corp. is linking its executive team goals to the company’s climate action plan, including committing to a net-zero focus by reducing emissions operationally, adopting sustainable…

  • By: Staff
  • May 11, 2021 May 11, 2021
  • 15:00

Caisse, UPP employees receiving recognition for net-zero contributions

Employees at two Canadian pension plans are being recognized for their responsible investment achievements. The British High Commission and the Canada Climate Law Initiative named…

  • By: Staff
  • May 7, 2021 May 7, 2021
  • 15:00
Copyright_Maurizio De Mattei_123RF

UTAM posts 11.7% pension return for 2020

The University of Toronto Asset Management Corp. ended 2020 with pension and endowment returns of 11.7 per cent and 11.6 per cent, respectively. In a…

  • By: Staff
  • May 5, 2021 May 4, 2021
  • 09:00
Copyright_Irochka_123RF

Alberta Teachers’ withdrawing from responsible investing secretariat

The Alberta Teachers’ Retirement Fund Board is withdrawing its membership from the Principles of Responsible Investing Secretariat as it transfers responsibility for asset management to…

  • By: Staff
  • April 6, 2021 April 25, 2021
  • 12:45

Caisse investing in vision-care company; Ontario Teachers’, AIMCo selling governance solutions firm

The Caisse de dépôt et placement du Québec is part of an investment group acquiring New Look Vision Group Inc., a provider of eye-care products…

  • By: Staff
  • March 23, 2021 April 13, 2021
  • 09:00
Copyright_pat138241_123RF

Imperial Oil urging investors to vote against Bâtirente’s net-zero emissions motion

Imperial Oil Ltd. is recommending investors attending its annual meeting in May vote against a shareholder resolution that it adopt a corporate-wide target to achieve…

Copyright_Sergey Nivens_123RF

One year later: Institutional investors looking beyond pandemic

While the coronavirus pandemic is continuing to shape global markets following a tumultuous 2020, institutional investors are looking beyond the crisis, says Rob Almeida, portfolio…

Copyright_Serhii Radachynskyi_123RF

Caisse shuffling board at infrastructure subsidiary

The Caisse de dépôt et placement du Québec is appointing a new board of directors for the CDPQ Infra, its subsidiary that serves as principal…

  • By: Staff
  • March 15, 2021 March 15, 2021
  • 09:00

Bâtirente applauding CIBC for emissions-reduction efforts tied to investments

Quebec-based pension fund Bâtirente is applauding CIBC for joining the Partnership for Carbon Accounting Financials. Through the industry initiative, the bank will publish the greenhouse-gas…

  • By: Staff
  • March 9, 2021 March 9, 2021
  • 09:00

HOOPP focusing on DEI, stopping anti-Black racism

The Healthcare of Ontario Pension Plan is making diversity, equity and inclusion initiatives a top priority, including a commitment to combat anti-Black systemic racism. Elena…

  • By: Blake Wolfe
  • February 26, 2021 February 26, 2021
  • 09:00