News CIR News Page 39
CIR news

Latest news in CIR News

130710038-123RF

Average Canadian DB pension plan returns -4% in Q3 2023: reports

The average Canadian defined benefit pension plan returned negative four per cent in the third quarter of 2023, according to two new reports. The RBC…

  • By: Staff
  • November 2, 2023 November 1, 2023
  • 09:00

Institutional investors’ class action lawsuits aim to affect corporate governance changes

While many institutional investors participate in class action lawsuits against investee companies to recover assets lost due to malfeasance, others do so to be activists,…

  • By: Joe Hornyak
  • October 31, 2023 October 30, 2023
  • 11:00

Ontario’s guidance for target-benefit MEPPs undermines incentives for plan sponsors: ACPM

The Ontario Ministry of Finance’s proposed guidance for multi-employer target-benefit pension plans undermines incentives for employers to contribute towards their employees’ retirement savings, including cost certainty,…

  • By: Staff
  • October 30, 2023 November 2, 2023
  • 09:00

Finance ministers to meet on Alberta’s proposal to leave Canada Pension Plan

Finance Minister Chrystia Freeland has agreed to convene a meeting with provincial and territorial finance ministers to discuss Alberta’s proposal to withdraw from the Canada…

How Texas’ Teacher Retirement System is incorporating AI into pension governance

While artificial intelligence represents a new cornerstone for institutional investors’ operational tasks, corporate governance will be essential to ensure the risks are properly managed, according…

Caisse pledging to allocate up to $8BN to Quebec managers by 2028

The Caisse de dépôt et placement du Québec is aiming to more than double the size of the assets it entrusts to Quebec external managers to…

  • By: Staff
  • October 26, 2023 October 25, 2023
  • 11:00

Market share of responsible investing AUM increases to 49% in 2023: report

The market share of responsible investment assets under management rose slightly in 2022, from 47 per cent to 49 per cent, even as AUM in…

  • By: Staff
  • October 26, 2023 October 25, 2023
  • 09:00
18045459-123rf

Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain…

IMCO joining network of employee ownership coalition

The Investment Management Corp. of Ontario is joining Ownership Works, a non-profit organization dedicated to implementing broad-based employee ownership programs, as a founding investor partner.…

  • By: Staff
  • October 24, 2023 October 24, 2023
  • 11:00
24603574-123RF

CPPIB reports $79BN exposure to green and transition assets

The Canada Pension Plan Investment Board says it will meet its goal of holding $130 billion in green and transition assets by 2030, according to…

  • By: Staff
  • October 24, 2023 October 23, 2023
  • 09:00
Copyright_mouu007_123RF

Survey finds 32% of U.S. institutional investors increasing allocations to private assets

Nearly a third (32 per cent) of U.S. institutional investors say they plan to increase their private asset allocations over the next two years, primarily…

  • By: Staff
  • October 23, 2023 October 19, 2023
  • 09:00

BCI acquiring U.S. fiber communications provider

The British Columbia Investment Management Corp. is acquiring U.S.-based fiber communications solutions provider Consolidated Communications Holdings Inc. in a joint transaction with private investment firm…

  • By: Staff
  • October 19, 2023 October 19, 2023
  • 11:00
Copyright_Mikhail Tsikhanovich _123RF

Trudeau chides Smith for Alberta pension-exit debate, promises to defend stability of CPP

Prime Minister Justin Trudeau entered the Alberta pension-exit debate Wednesday, saying the federal government will fight any threat to the stability of the Canada Pension…

What do historically low interest rates mean for DB pension de-risking?

Climate, cybersecurity risks increasing for federally regulated pension plans: OSFI outlook

Climate and cybersecurity are the leading risk factors concerning Canadian pension plan administrators, according to a pension lawyer. Susan G. Seller, a pension and benefits…

Coverage of the 2023 Risk Management Conference

An effective risk management culture can’t be built on buzzwords — though defined benefit pension plan sponsors hear them a lot. In recent years, they’ve…

  • October 18, 2023 October 18, 2023
  • 08:01

2023 Risk Management Conference: Canada’s ongoing housing crisis may spur regime change in next federal election

Canadians could see a regime change in the next federal election if the current housing crisis holds tight, according to Chantal Hébert, political commentator, journalist, columnist and author,…

2023 Risk Management Conference: Are concentrated equity strategies living up to their premise?

Despite an attractive pitch to asset owners, concentrated equity strategies may be letting investors down, according to Seth Weingram, senior vice-president and director of client…

2023 Risk Management Conference: New dynamics in interest rates markets creating opportunities, risks for institutional investors

Institutional investors’ strategic approach to interest rates must evolve to properly reflect the risks and opportunities in today’s markets, according to Michael Cook, vice-president of…

2023 Risk Management Conference: Public real estate markets offer significant upside during high inflation

The underlying conservatism of public real estate investment markets can provide an inflation-proof cushion for institutional investors in uncertain times, said Corrado Russo, managing partner…

2023 Risk Management Conference: How labour market pressures are affecting inflation rates

A tight labour market will have to loosen up in order to help reduce inflation rates, said Ilan Kolet, institutional portfolio manager at Fidelity Investments,…

2023 Risk Management Conference: Event-driven credit helping institutional investors find diamond assets in the rough

Institutional investors don’t have to wait for choppy waters to invest in event-driven credit, according to Duncan Farley, portfolio manager on the BlueRay fixed income…

2023 Risk Management Conference: Super-priority bill fallout presenting DB plan sponsors with opportunities to embrace more innovative plans

Defined benefit pension plan sponsors that are considering winding up their plans or converting them to another framework following the federal government’s super-priority bill have…

2023 Risk Management Conference: How UPP is focusing on active investing in its climate action plan

During the launch of the University Pension Plan, Barbara Zvan, its president and chief executive officer, knew getting to know the plan’s members was vital to its…

2023 Risk Management Conference: U.S. political landscape offering uncertain outlook for institutional investors

The U.S. political roadmap ahead may present new challenges for institutional investors, according to Charles Myers, chairman of Signum Global Advisors, speaking during a session…

2023 Risk Management Conference: Supply, demand outweighing negative impacts of interest rates on real estate sector

Supply and demand are outweighing the negative impacts that interest rates are having on real estate in the short term, according to Vikram Rajagopalan, senior…