Latest news in Defined benefit pensions

Alberta government facing backlash after changing terms of public-sector pensions

Alberta government facing backlash after changing terms of public sector pension plans

The Alberta Investment Management Corp. is now managing investments for several pensions in the province, a move facing at least one legal challenge. This change…

  • By: Staff
  • January 19, 2021 November 20, 2024
  • 09:00

ACPM calling on feds to prioritize DB plan coverage and adequacy

With private-sector defined benefit pension coverage declining over the past two decades, the federal government should take more steps to prioritize coverage and benefit adequacy,…

  • By: Staff
  • January 18, 2021 April 14, 2021
  • 15:00
OSFI launching consultation on climate change risks to pensions, financial institutions

OSFI launching consultation on climate change risks to pensions, financial institutions

The Office of the Superintendent of Financial Institutions is launching a three-month consultation on risks arising from climate change that can affect the safety and…

  • By: Staff
  • January 12, 2021 April 14, 2021
  • 15:00
Canadian DB pension plans entering 2021 in good financial shape

Canadian DB pension plans entering 2021 in good financial shape

The aggregate funded ratio for Canadian pension plans in the S&P/TSX composite index increased from 90.8 per cent to 91.2 per cent during the past…

  • By: Staff
  • January 6, 2021 April 14, 2021
  • 15:00
Canadian DB plans bouncing back after stock rally: report

Canadian DB plans bouncing back after stock rally: report

A rally on the stock market in the fourth quarter helped boost the strength of Canadian defined benefit pension plans to end 2020, according to…

Applying climate scenario risk analysis to DB pension plans

Applying climate scenario risk analysis to DB pension plans

Defined benefit plan sponsors are undoubtedly familiar with scenario risk analysis, but applying that concept to their portfolio’s climate risk is a whole new ballgame.…

Ontario Teachers’ appointing Karen Frank as senior managing director of equities

The Ontario Teachers’ Pension Plan is appointing Karen Frank as senior managing director of equities. Based in the pension fund’s London office, she’ll take on the new role in…

  • December 10, 2020 January 22, 2021
  • 19:07
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Blair Richards moves to CIO of Halifax Port ILA/HEA pension plan

The Halifax Port ILA/HEA pension plan has appointed Blair Richards as its chief investment officer. After more than 20 years as chief executive officer, he…

  • December 10, 2020 January 22, 2021
  • 19:02

University Pension Plan names Barbara Zvan inaugural president, CEO

The University Pension Plan’s board of trustees has named Barbara Zvan as the inaugural president and chief executive officer of the UPP. Established on Jan. 1,…

  • December 10, 2020 January 22, 2021
  • 18:58

Caisse appoints Marc-André Blanchard as EVP, head of CDPQ global

The Caisse de dépôt et placement du Québec is appointing Marc-André Blanchard as executive vice-president and head of CDPQ Global, effective Sept. 8, 2020. In the…

  • December 10, 2020 January 20, 2021
  • 18:54

Ontario Teachers’ invests in supply chain tech, announces CFO to retire

The Ontario Teachers’ Pension Plan is leading a US$50-million series C funding round for Calgary-based 3D robotics supply chain company Attabotics Inc. The pension fund is making…

  • December 10, 2020 January 20, 2021
  • 18:51

OMERS Sponsors Corp. changing board structure

The Ontario Municipal Employees Retirement System’s Sponsor Corp. board is changing from a co-chair to a chair and vice-chair system. After discussions on changes to…

  • December 10, 2020 January 22, 2021
  • 18:50
Corby, Hiram Walker entering $176M group annuity buy-in

Corby, Hiram Walker entering $176M group annuity buy-in

Corby Spirit and Wine Ltd. and Hiram Walker & Sons Ltd. are de-risking with a $176-million group annuity buy-in amidst volatile markets caused by the…

  • By: Staff
  • December 7, 2020 April 28, 2021
  • 15:00

FSRA allowing DB pension sponsors to defer contributions until 2021

The Financial Services Regulatory Authority of Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with…

  • By: Staff
  • September 23, 2020 December 6, 2020
  • 07:53

Ontario allowing DB pension sponsors to defer contributions until 2021

The government of Ontario is providing employers with the option to defer contributions to certain defined benefit pension plans to help with their organization’s cash flow during…

  • By: Staff
  • September 22, 2020 November 30, 2020
  • 08:45

CIA, FTSE Russell partner on commuted-value calculation

The Canadian Institute of Actuaries has selected FTSE Russell to represent the provincial and investment-grade corporate bond spread to be used for the CIA’s new…

  • By: Staff
  • September 18, 2020 November 30, 2020
  • 15:15

FSRA estimating jump in DB pension solvency off rebound in markets

The median projected solvency for Ontario’s defined benefit pension plans increased to 90 per cent at the end of 2020’s second quarter, up from 85…

  • By: Staff
  • September 15, 2020 November 17, 2020
  • 15:30

OTIP employees joining CAAT’s DBplus pension

The Ontario Teachers Insurance Plan and its group of companies are the latest employers to join the Colleges of Applied Arts and Technology’s DBplus pension…

  • By: Staff
  • September 15, 2020 November 30, 2020
  • 15:15

FSRA seeking input on draft guidance for DB pension asset transfers

The Financial Services Regulatory Authority is seeking stakeholder input on draft guidance on providing consent for asset transfer transactions under the Pension Benefits Act. Aiming…

  • By: Staff
  • September 15, 2020 December 6, 2020
  • 09:40

FSRA seeking input on draft guidance for DB pension transfers

The Financial Services Regulatory Authority is seeking stakeholder input on draft guidance on providing consent for asset transfer transactions under the Pension Benefits Act. Aiming to…

  • By: Staff
  • September 15, 2020 November 30, 2020
  • 09:00
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OTIP employees joining CAAT’s DBplus

The Ontario Teachers Insurance Plan and its group of companies is the latest employer to join the Colleges of Applied Arts and Technology’s DBplus pension…

  • By: Staff
  • September 15, 2020 December 6, 2020
  • 06:54

Top 300 pension funds’ AUM grows 8% in 2019: research

The world’s 300 largest pension funds saw their assets under management increase in value by eight per cent in 2019, to a total value of…

  • By: Staff
  • September 14, 2020 November 17, 2020
  • 08:45

Offering DB benefits for DC members at Halifax Port ILA/HEA pension plan

The Halifax Port ILA/HEA has found a way to provide its defined contribution pension plan members with a defined benefit upon retirement — and it’s…

  • By: Yaelle Gang
  • September 4, 2020 December 6, 2020
  • 07:41
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Mohawk College Foundation joins CAAT’s DBplus

The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which…

  • By: Staff
  • August 27, 2020 December 6, 2020
  • 09:17
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How have Canada’s DB pensions changed over the last decade?

Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking…