Oxford Properties Group, the real estate investment arm of the Ontario Municipal Employees Retirement System, and the Alberta Investment Management Corp. are planning to develop the area around a Mississauga, Ont. shopping centre into a mixed-use neighbourhood. The development is set to transform the 130-acre area around the Square One Shopping Centre into 18,000 residential […]
Legislative changes and plan design were among the leading topics in the pension and retirement industry in 2019, with the top three most read stories tackling those topics. Benefits Canada rounds up the industry’s favourite pension stories of the year: 1. Budget 2019: Proposed changes to pension legislation, annuities, CPP 2. DB pensions best option for Canadian employers, economy: report 3. Alberta budget includes […]
Twelve of the 25 top global asset owners were pension funds as of year-end 2018, according a new report by Willis Towers Watson’s Thinking Ahead Institute. The report found, among the top 100 asset owners, pension funds held 59.1 per cent of the fund assets, down 1.7 per cent from 2017, primarily due to assets […]
The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest £250 million in a commercial property in Cambridge, U.K. The agreement marks the second time the two organizations have teamed up on a real estate investment. In 2015, they invested in a portfolio of commercial properties in central London, currently valued at more than £400 million. […]
Pensions have been imperilled by corporate insolvency before, but three new amendments to federal laws may create stronger protections for employees and retirees. Changes to the Canada Business Corporations Act went into immediate effect after receiving royal assent in June, and amendments to the Bankruptcy and Insolvency Act and the Companies’ Creditors Arrangement Act take effect today. Further […]
While defined contribution pension plans evolve and defined benefit plans decline, the McGill University pension plan is a true blend of both types — at least for some employees. When Sebastien Betermier, an associate professor of finance at the university’s Desautels Faculty of Management, joined the plan after 2009, a DC arrangement was available for […]
While defined contribution pension plans evolve and defined benefit plans decline, the McGill University pension plan is a true blend of both types — at least for some employees. When Sebastien Betermier, an associate professor of finance at the university’s Desautels Faculty of Management, joined the plan after 2009, a DC arrangement was available for […]
A group of institutional investors, including numerous large Canadian defined benefit pension plans, has released a handbook outlining their experiences implementing the recommendations from the task force on climate-related financial disclosures. The Canadian plans include the Alberta Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension Plan Investment Board, the […]
A group of institutional investors, including numerous large Canadian defined benefit pension plans, has released a handbook outlining their experiences implementing the recommendations from the task force on climate-related financial disclosures. The Canadian plans include the Alberta Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension Plan Investment Board, the […]
The complexities of income tax at retirement can come as a shock to pensioners, but most plan sponsors are providing limited assistance in helping their retiring employees deal with these issues. “In our experience, much of the communication and education provided by employers/sponsors or their plan record keeper focuses on basic retirement and investment knowledge, […]