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Competitive pension risk transfer costs increase from 101.1% to 101.9% in October: report

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 101.1 per cent of a plan’s accounting…

  • By: Staff
  • November 22, 2023 November 22, 2023
  • 15:00
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Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement

In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than…

  • By: Staff
  • November 22, 2023 November 22, 2023
  • 09:00

Caisse invests $200M in Swedish battery maker, OMERS closes US$1BN term notes offering

The Caisse de dépôt et placement du Québec is investing $200 million in a Swedish company developing and manufacturing lithium-ion batteries for electric vehicles. The…

  • By: Staff
  • November 21, 2023 November 20, 2023
  • 11:00

Top money managers’ Canadian pension AUM up 7.7% year over year: report

The Canadian pension assets under management of the country’s top 40 investment managers increased by 7.7 percentage points over the previous year, from nearly $989…

  • By: Staff
  • November 21, 2023 November 20, 2023
  • 11:00

Former federal finance minister defends ‘sustainably successful’ CPP amid Alberta pension exit plan

Former federal finance minister Bill Morneau is standing up for the Canadian Pension Plan, calling it a uniquely successful investment organization that won’t be easily…

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Top 5 HR, benefits, pension and investment stories of the week

An article on how the Royal Bank of Canada is marking Financial Literacy Month was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • November 17, 2023 November 16, 2023
  • 09:00

2023 Top 40 Money Managers Report: Geopolitical tension making its presence felt among institutional investors

By the time Nick Chamie graduated with his first degree in economics in 1992, the Berlin Wall had already fallen and the Soviet Union had ceased…

TTC Pension Plan on track to remove surprises from risk assessment

In the institutional investment sector, risk management means thinking about a lot of doom and gloom, but for Danny Ip, the job is more about…

Ontario Teachers’ invests $80M in Indian packaging operator, BCI boosts funding for quantum computing firm

The Ontario Teachers’ Pension Plan is investing $80 million in logistics service provider Xpressbees. The Indian packaging and shipping company, which offers its services across…

  • By: Staff
  • November 16, 2023 November 16, 2023
  • 11:00

Survey finds 77% of U.S. institutional investors worried about inflation and interest rates in 2024

A majority (77 per cent) of U.S.-based institutional investors expect interest rates and inflation to remain elevated in 2024, causing problems for risk assessments over…

  • By: Staff
  • November 16, 2023 November 16, 2023
  • 11:00
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CPPIB CEO pitches Calgary business crowd on benefits of staying in CPP

As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing…

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CPPIB sells $2BN worth of fund interests, Caisse invests in Quebec media company

The Canada Pension Plan Investment Board is selling a portfolio of fund interests in 20 limited partnership buyout funds in a deal worth $2 billion.…

  • By: Staff
  • November 14, 2023 November 14, 2023
  • 11:00

Pension plans ready to invest in new Ontario Infrastructure Bank under right circumstances

The Ontario government’s new investment organization could incentivize institutional investors to take a closer look at infrastructure opportunities in the province, says Iftikhar Ahmed, a…

Survey finds 75% of global asset managers have an ESG policy

Environmental, social and governance considerations have gained traction in recent years with nearly 75 per cent of global asset managers saying they have an ESG…

  • By: Staff
  • November 13, 2023 November 13, 2023
  • 15:00
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CPPIB returns 0.1% in Q2 2024, led by credit, private equity

The Canada Pension Plan Investment Board returned 0.1 per cent during the second quarter of fiscal 2024, according to its latest quarterly report. By Sept.…

  • By: Staff
  • November 13, 2023 November 13, 2023
  • 09:00

Top 5 HR, benefits, pension and investment stories of the week

An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the…

  • By: Staff
  • November 10, 2023 November 9, 2023
  • 09:00
SSQ Insurance, la Capitale rebranding as Beneva

OMERS invests $546.8M in sports conglomerate, CPPIB sells stake in German wind farm assets

The Ontario Municipal Employees’ Retirement System is acquiring an indirect five per cent stake in Maple Leaf Sports & Entertainment Ltd. The shares are part of…

  • By: Staff
  • November 9, 2023 November 9, 2023
  • 11:00
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Vestcor reduced carbon exposure in investment portfolios in 2022

Vestcor Inc. reduced the carbon exposure to several of its portfolios throughout 2022, according to its annual responsible investing report. The New Brunswick-based investment organization…

  • By: Staff
  • November 9, 2023 November 9, 2023
  • 11:00

OSFI’s draft pension cybersecurity standard may lead to duplication, increased risk: ACPM

The Office of the Superintendent of Financial Institutions’ proposed cybersecurity incident reporting standard could unintentionally lead to duplication and increased risk if it doesn’t reflect differences in…

  • By: Staff
  • November 9, 2023 November 9, 2023
  • 09:00

PIAC urging feds to open consultation on cessation of real return bonds

The Pension Investment Association of Canada is urging the federal government to open a comprehensive consultation regarding the cessation of real return bonds. In an open…

  • By: Staff
  • November 8, 2023 November 7, 2023
  • 09:00

Canadian DB pension plans return -1.99% in third quarter of 2023: report

Canadian defined benefit pension plans generated a median return of negative 1.99 per cent in the third quarter of 2023, according to the BNY Mellon…

  • By: Staff
  • November 7, 2023 November 7, 2023
  • 09:00

Alberta would need to negotiate international agreements if it quits CPP: Freeland

Federal Finance Minister Chrystia Freeland says if Alberta were to quit the Canada Pension Plan it would require a “complex and multi-year process” of negotiating…

Ontario Infrastructure Bank to leverage public sector pension investments

The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. In its fall…

  • By: Staff
  • November 3, 2023 November 2, 2023
  • 09:00
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Caisse acquiring Brazilian power company, BCI closing $1.25BN bond issuance

The Caisse de dépôt et placement du Québec is acquiring Brazil-based power transmission network company Integração Transmissora de Energia in a deal worth $108.5 million.…

  • By: Staff
  • November 2, 2023 November 1, 2023
  • 11:00

World’s 500 largest asset managers’ AUM down 13.7% in 2022: report

The value of the total assets under management for the world’s 500 largest asset managers reached US$113.7 trillion as of Dec. 31, 2022, down 13.7…

  • By: Staff
  • November 2, 2023 November 1, 2023
  • 11:00