Home News CIR News
CIR news

Latest news in CIR News

Copyright_Mikhail Tsikhanovich_123RF

Ontario’s Public Sector Accounting Board proposing new standards for DB pensions

Five years after Ontario’s auditor general uncovered an issue with the way the province was including pension assets in its financial statements, the office is…

Top 5 HR, pension and benefits stories of the week

Paid sick days for employees continues to be a hot topic as the coronavirus pandemic rages on, with the top two stories over the past…

  • By: Staff
  • December 3, 2021 December 3, 2021
  • 09:00

74% of institutional investors likely to divest from companies with poor ESG records: survey

Nearly three-quarters (74 per cent) of institutional investors said they’re more likely to divest from companies with poor environmental, social and governance track records, according…

  • By: Staff
  • December 2, 2021 December 1, 2021
  • 09:00

Copenhagen students win global prize for designing collective DC pension plan

Four undergraduates from the Copenhagen Business School have claimed the top prize at the 2021 McGill International Portfolio Challenge by designing a collective defined contribution…

Caisse investing in Taiwan wind farm, CPPIB in Indonesian logistics venture

Ontario Teachers’ buying stake in U.S. renewable energy portfolio

The Ontario Teachers’ Pension Plan is signing a deal with a subsidiary of NextEra Energy Inc. to buy a 50 per cent stake in a portfolio…

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
105364514-123RF

CPPIB-backed fintech stock rebounds after disappointing IPO

Shares in a Canada Pension Plan Investment Board-backed financial technology company have rebounded following a disastrous first week on the Bombay Stock Exchange. In the…

  • By: Staff
  • November 30, 2021 November 30, 2021
  • 09:00

UPP appointing Omo Akintan as chief people officer

The University Pension Plan is appointing Omo Akintan as chief people officer, effective February 2022. Prior to joining the UPP, Akintan was the chief people…

  • By: Staff
  • November 29, 2021 November 29, 2021
  • 09:00
Copyright_martin33_123RF

OMERS committing to net zero, UPP facing divestment calls from university staff

The Ontario Municipal Employees Retirement System is the latest pension plan to commit to net-zero greenhouse gas emissions across its total portfolio by 2050. In…

  • By: Staff
  • November 29, 2021 November 29, 2021
  • 09:00
71337734-123RF

Tracking indirect GHG emissions vital for institutional investors, says expert

Institutional investors seeking to reduce their portfolios’ carbon footprint should pay more attention to scope 3 emissions, says Priti Shokeen, head of environmental, social and…

Debate about pension fund’s divesting due to ESG issues heats up in Oregon

Oregon’s state employee retirement fund is coming under increased scrutiny as the U.S. state is facing increased calls for divestment from companies that have environmental,…

Expert panel: Inflation risk — to hedge or not to hedge?

With October inflation hitting an 18-year high, inflation risk is back on the radar of plan sponsors providing inflation-linked defined benefit pensions. In the past,…

Caisse finances loan for mortgage provider, AIMCo enters joint venture to develop industrial site

The Caisse de dépôt et placement du Québec is financing part of a $400 million loan facility to a mortgage brokerage firm. The loan, co-financed…

  • By: Staff
  • November 25, 2021 November 25, 2021
  • 11:45

Ontario Teachers’ appoints Jonathan Hausman to head new global investment strategy department

The Ontario Teachers’ Pension Plan is appointing Jonathan Hausman as senior managing director of its newly created global investment strategy department. The new department aims…

  • By: Staff
  • November 25, 2021 November 24, 2021
  • 09:45

Institutional investors set to increase focus on ESG: survey

Almost two-thirds (62 per cent) of pension funds and other institutional investors expect to increase their focus on environmental, social and governance factors over the…

  • By: Staff
  • November 25, 2021 November 24, 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
118090942-123RF

AIMCo sees quarterly returns of 1.7 per cent, CPPIB up 3.8 per cent

The Alberta Investment Management Corp. saw returns of 1.7 per cent during the third quarter of 2021, according to its quarterly report. Between July and…

  • By: Staff
  • November 23, 2021 November 24, 2021
  • 09:00

CPPIB refinances packaging company, invests in reinsurance provider alongside OMERS; AIMCo invests in Asian PE fund

The Canada Pension Plan Investment Board is recapitalizing an expanding packaging business. The institutional investor has signed an agreement with the U.S.-based Berlin Packaging, a…

  • By: Staff
  • November 23, 2021 November 22, 2021
  • 09:00

Top 2021 Money Managers Report: What questions should pension plan sponsors ask in 2022?

In the early days of 2020, no one could have foreseen the social and economic havoc the coronavirus pandemic would wreak on the world. Nearly…

  • By: Blake Wolfe
  • November 19, 2021 November 19, 2021
  • 08:53

CBC Pension Plan stays the course with liability-driven investment model

The best ship captains don’t put too much faith in weather forecasts — or those who do tend to see their vessels flounder. Perhaps that’s…

HOOPP buys shares in P&C insurance company, Caisse invests in private equity fund

The Healthcare of Ontario Pension Plan and Swiss Re Investments Holding Co. Ltd. are purchasing common shares in a Canadian property and casualty insurance company…

  • By: Staff
  • November 18, 2021 November 18, 2021
  • 15:00

Canadian investors less skeptical of corporate ESG than global average: survey

Nearly three-quarters (72 per cent) of Canadian institutional investors don’t believe companies can be trusted to achieve their stated environmental, social and governance commitments, according…

  • By: Staff
  • November 18, 2021 November 18, 2021
  • 11:55

Group of DB pension plans release educational video for financial literacy month

To celebrate Financial Literacy Month, a consortium of public sector defined benefit pension plan sponsors are releasing an informational video designed to educate their plan members…

  • By: Staff
  • November 18, 2021 November 18, 2021
  • 10:30

Ohio retirement fund suing Facebook over investment loss

Ohio’s largest public employee pension fund is suing Facebook — now known as Meta — alleging that it broke U.S. federal securities law by purposely misleading…

Sounding Board: How institutional investors can manage the physical risks of climate change

With recent deadly heat waves and wild fires ravaging Canada’s west coast and large-scale flooding in the east, who can ignore the growing risk of…