Decumulation is a clear and significant concern for the sponsors of capital accumulation plans, the results of Benefits Canada’s 2017 CAP Member Survey show. The annual survey found 61 per cent of plan sponsors would be likely to allow their members to leave their assets within their plans after they retire if regulations allowed. Of […]
The Alberta Investment Management Corp. and the Public Sector Pension Investment Board are partnering with Starlight Group Property Holdings Inc. to acquire a multi-family property in Denver for US$1.3 billion. Besides Denver, the partnership aims to acquire Class A, recently constructed, multi-family communities in the suburban markets of Atlanta; Dallas and Austin, Texas; Orlando and Tampa, […]
The Ontario government’s announcement in its April budget that it will be addressing the regulatory framework related to defined contribution pension plans has done little to quell the debate about whether modernization and expansion of the existing rules is necessary or desirable. Those in favour say that, as defined contribution plans continue to grow in […]
A company owned by the Ontario Teachers’ Pension Plan has acquired all common shares of BrightPath Early Learning Inc., a Canadian childcare provider. Pursuant to a previously announced arrangement, an affiliate of Busy Bees Holdings Ltd., a childcare provider owned by Ontario Teachers’, has completed its acquisition of BrightPath for 80 cents per share in cash. […]
Alternative investments have been the name of the game for many of the leaders on Benefit Canada‘s list of the fastest-growing pension funds for 2016. Both the Ontario Municipal Employees Retirement System, ranked third on the list of fastest-growing plans at 10.65 per cent growth, and Alberta Teachers’ Retirement Fund Board, ranked fourth at 10.6 per […]
A number of large Canadian pension funds are among the global organizations that have signed a statement supporting the voluntary recommendations set out by the Financial Stability Board’s task force on climate-related financial disclosures. “We believe that climate change will have significant impacts across many sectors and that we, as business leaders, have an important […]
In 2010, David Styles moved to Alberta from Ontario to work as vice-president of relationship investments for the Alberta Investment Management Corp. While the decision to uproot his life wasn’t easy, Styles says the opportunity to earn a sizeable compensation, if he performed well, was a big draw. The majority would come from AIMCo’s long-term […]
While a recommendation that the government reverse course on maintaining the retirement age at 65 was one of the headline suggestions to come out of the recent report from the federal advisory council on economic growth, a key focus was on four sectors the group felt have a high potential for growth in Canada. One […]
With the federal government’s budget announcing incoming changes for the pension, investment, benefits and human resources industries in March, there were a lot of big headlines in the news last month. Here are the 10 most popular online news stories for March 2017: 1. Budget boosts parental leave to 18 months, introduces caregiving benefit 2. Alberta […]
In its report on employer pension plans in Canada published earlier this month, Statistics Canada noted the overwhelming majority of plan members are in trusteed arrangements. Of the 6.2 million members of employer-sponsored pension plans, 5.2 million are in arrangements managed by trusteed funds. But when it comes to just the defined contribution side of […]