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OSFI launching consultation on management of pension investment risk

The Office of the Superintendent of Financial Institutions is launching an eight-week consultation on the management of investment risk by federally regulated pension plans. Along…

  • By: Staff
  • March 21, 2022 March 18, 2022
  • 09:00
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Fed raising key rate to curb inflation

The U.S. Federal Reserve is launching a high-risk effort to tame inflation, raising its benchmark short-term interest rate and signaling up to seven rate hikes.…

CPPIB, PSP backing Ivey program for women interested in asset management

The Canada Pension Plan Investment Board and the Public Sector Pension Investment Board are backing Canada’s first university program designed to open the asset management…

  • By: Staff
  • March 14, 2022 July 27, 2022
  • 14:00

B.C. Municipal Pension Plan’s employee life and health trust joining BCI

The British Columbia Municipal Pension Plan’s new Municipal Retiree Benefit Trust is joining the B.C. Investment Management Corp. The MRBT, which has $100 million in assets…

  • By: Staff
  • March 14, 2022 March 10, 2022
  • 09:00

Survey finds RRSP knowledge on decline over past five years

While Canadians continue to use registered retirement savings plans for retirement planning, knowledge about RRSPs has declined over the past five years, according to a…

  • By: Staff
  • February 28, 2022 February 25, 2022
  • 09:00

Neil Cunningham to step down as PSP president and CEO next year

Neil Cunningham is stepping down from his role as president and chief executive officer at the Public Sector Pension Investment Board on March 31, 2023.…

  • By: Staff
  • February 15, 2022 February 14, 2022
  • 09:00

Employers building relevant financial wellness programs for both DB, DC pension members

Canadian Forest Products Ltd.’s new financial wellness program may have originated as the brainchild of its defined contribution pension plan committee, but it’s just as…

How can DC plan sponsors thrive in a world of disruption?

Defined contribution plan sponsors are facing a world of disruption, from artificial intelligence and big data to the Great Resignation and the shifting of power…

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Bank of Canada keeps key interest rate target on hold, but warns of looming hikes

The Bank of Canada kept its key interest rate on hold Wednesday, but warned higher interest rates are coming to help it reel in inflation…

N.S. Pension Services Corp. appoints new CIO

The Nova Scotia Pension Services Corp. is appointing Steve Mahoney as its new chief investment officer, effective April 1, 2022. He’s taking over the CIO…

  • By: Staff
  • January 20, 2022 January 19, 2022
  • 11:00

Responsible Investment Association appoints new CEO

The Responsible Investment Association is appointing Patricia Fletcher as its incoming chief executive officer, effective Feb. 7, 2022. Prior to the new role, Fletcher was…

  • By: Staff
  • January 20, 2022 January 19, 2022
  • 09:00
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PIAC appoints Sean Hewitt, Graeme Hay as new officers for 2022

The Pension Investment Association is appointing a new chair, vice-chair and secretary-treasurer for 2022. Sean Hewitt, chief executive officer of the Toronto Transit Commission Pension…

  • By: Staff
  • January 14, 2022 January 14, 2022
  • 09:00

Risks of cybersecurity breaches top of mind for pension funds

Years before his late-career rebirth as nemesis to former U.S. President Donald Trump, Robert Muller coined a phrase that went down in history among cybersecurity…

44% of U.S. pension plan sponsors set to review, renegotiate fees: survey

Nearly half (44 per cent) of pension plan sponsors in the U.S. said they intend to review and/or renegotiate their plan’s management fees over the…

  • By: Staff
  • December 1, 2021 December 1, 2021
  • 09:00

BCI updates code of ethics, personal conduct to address DEI-related issues

The British Columbia Investment Management Corp. is updating its code of ethics and personal conduct to include a section outlining its expectations from employees around…

  • By: Staff
  • November 23, 2021 November 22, 2021
  • 10:00

T. Rowe Price buys Oak Hill Advisors, Franklin Templeton buys Lexington Partners

T. Rowe Price Group Inc. is buying Oak Hill Advisors for up to about US$4.2 billion with $3.3 billion payable at closing. The global investment management…

  • By: Staff
  • November 2, 2021 November 2, 2021
  • 14:00

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…

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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
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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