Blair Morrison retiring from BCFSA
Blair Morrison, chief executive officer and chief statutory officer of the British Columbia Financial Services Authority, is retiring in early 2025 after more than five…
- By: Staff
- July 9, 2024 July 8, 2024
- 09:00
Latest news in CIR News
Commercial real estate challenges forcing Canadian pension funds to re-evaluate strategy: report
Some of Canada’s largest pension funds are rethinking their real estate strategies as higher interest rates continue to push valuations lower and lenders pull in…
- By: Staff
- July 8, 2024 July 8, 2024
- 15:00
OMERS sells LifeLabs for $1.35BN, Ontario Teachers’ Venture Growth invests in Japanese HR software firm
The Ontario Municipal Employees’ Retirement System is selling LifeLabs Inc. in a deal worth roughly $1.35 billion to U.S.-based Quest Diagnostics. The transaction is expected…
- By: Staff
- July 5, 2024 July 5, 2024
- 13:00
Canadian public pension plans’ average funding ratio increased to 116% in 2023: report
Canadian corporate pension funds reported an average funding ratio of 117 per cent, while public pension funds reported an average of 116 per cent, according…
- By: Staff
- July 4, 2024 July 4, 2024
- 15:00
Median solvency ratio of Canadian DB pension plans stays flat in Q2 2024: reports
The median solvency ratio of Canadian defined benefit pension plans remained flat in the second quarter of 2024, compared to the previous quarter, according to…
- By: Staff
- July 3, 2024 July 3, 2024
- 15:00
Canada’s missing navigation tool in the push to lower emissions
It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost…
- By: Ian Bickis, the Canadian Press
- July 2, 2024 June 28, 2024
- 15:00
BCI reports 7.5% annual return, assets grow to $250.4BN
The British Columbia Investment Management Corp. is reporting an annual return of 7.5 per cent, or $17.4 billion, as at March 31, 2024, up from 3.5…
- By: Staff
- June 28, 2024 November 6, 2024
- 15:00
Ontario Teachers’ backs Indian financial services operator, Caisse invests in business software provider
The Ontario Teachers’ Pension Plan is acquiring a minority stake in India-based financial institution Kogta Financial Ltd. through a Series E investment transaction worth US$148 million.…
- By: Staff
- June 28, 2024 June 27, 2024
- 15:00
Mandating Canadian pension funds’ domestic investments could harm plan members: study
A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set…
- By: Staff
- June 27, 2024 June 26, 2024
- 09:00
59% of Canadians with a workplace pension plan feel prepared for retirement: survey
Six in 10 (59 per cent) Canadians with an employer-sponsored pension plan say they feel somewhat or very well prepared for retirement, compared to only 34…
- By: Bryan McGovern
- June 26, 2024 June 26, 2024
- 15:00
UN’s Net-Zero Asset Owner Alliance adopting intermediate targets
The United Nations’ Net-Zero Asset Owner Alliance — an association of financial organizations that includes the Caisse de dépôt et placement du Québec — is…
- By: Bryan McGovern
- June 25, 2024 June 25, 2024
- 09:00
Ivanhoé Cambridge increasing investment in real estate partnership, PSP Investments selling data centre operator stake
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is increasing the size of its investment partnership with Walker…
- By: Staff
- June 21, 2024 June 21, 2024
- 15:00
Top 5 HR, benefits, pension and investment stories of the week
A story discussing the factors leading employees to delay taking time off and instead engage in ‘quiet vacationing’ was the most-read story this week on…
- By: Staff
- June 21, 2024 June 20, 2024
- 09:00
How the investment strategies of the Maple 8 impact the decisions of medium- and small-sized plan sponsors
While many of the investment strategies and resources at the disposal of the Maple 8 — Canada’s eight largest public pension plans that represent more…
- By: Bryan McGovern
- June 21, 2024 August 19, 2024
- 08:56
B.C.’s Municipal Pension Plan focusing on sustainable investments
Chelsea Kittleson joined British Columbia’s Municipal Pension Plan at a time of change for the investment organization. The MPP’s executive director, who joined the plan…
- By: Bryan McGovern
- June 21, 2024 June 24, 2024
- 08:54
Shareholders approve Elon Musk’s Tesla pay package, despite objection by institutional investors
A majority (77 per cent) of Tesla Inc. shareholders voted in support of restoring the landmark US$44.9 billion all-stock pay package for chief executive officer…
- By: Staff
- June 20, 2024 June 20, 2024
- 15:00
CSSB’s climate risk disclosure standards should align with ISSB’s, with only Canadian-specific modifications: PIAC
The Pension Investment Association of Canada supports closely aligning the Canadian Sustainability Standards Board disclosure standards with the International Sustainability Standards Board’s requirements but recommends it…
- By: Staff
- June 20, 2024 June 19, 2024
- 09:00
U.S. pension risk transfer sales premium increased 130% in Q1 2024: report
U.S. pension risk transfer sales reached US$14.6 billion in the first quarter of 2024, a 130 per cent increase from the same period in 2023,…
- By: Staff
- June 18, 2024 June 18, 2024
- 15:00
PSP Investments generates 7.2% annual return, net assets increase to $264.9BN
The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4…
- By: Bryan McGovern
- June 18, 2024 June 17, 2024
- 09:00
Ontario DB pension plans’ average solvency ratio increases to 122% in Q1 2024: FSRA
The average projected solvency ratio for Ontario defined benefit pension plans was 122 per cent as of March 31, 2024, up three per cent from…
- By: Staff
- June 17, 2024 June 13, 2024
- 15:00
Caisse investing $500MN in National Bank of Canada, backing EV charging station operator
The Caisse de dépôt et placement du Québec is investing $500 million in National Bank of Canada to support its acquisition strategy for Canadian Western…
- By: Staff
- June 14, 2024 June 13, 2024
- 15:00
Canadian fixed income outperforms amid improving interest rate landscape: report
Canadian-based fixed income assets rallied in the first quarter of 2024 as the likelihood of interest rate cuts from global central authorities increases, according to…
- By: Staff
- June 13, 2024 June 12, 2024
- 11:00
CIA calling on financial organizations to include effects of climate change in risk projections
Unique natural events caused by the effects of climate change need to be considered in a financial organization’s risk analysis, according to a new report…
- By: Bryan McGovern
- June 13, 2024 June 11, 2024
- 09:00
UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN
The University Pension Plan generated a net return of 10.2 per cent in 2023, up from a 9.1 per cent loss in 2022, according to…
- By: Staff
- June 12, 2024 June 12, 2024
- 15:00
Medicus Pension Plan reports 158% funded status at start of 2024
The Medicus Pension Plan, a defined benefit multi-employer pension plan designed exclusively for incorporated physicians in Canada, reported a funded status of 158 per cent…
- By: Bryan McGovern
- June 11, 2024 June 11, 2024
- 09:00