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An Ontario Superior Court judge awarding $210,000 in costs against the Financial Services Regulatory Authority of Ontario was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ontario court awards $210K in costs against FSRA in Brewers Retail pension case 2. Transition to low carbon economy […]

  • By: Staff
  • June 30, 2022 June 30, 2022
  • 09:00

The British Columbia Investment Management Corp. is appointing Michel Drolet as senior vice-president of corporate risk and chief audit executive. In the role, he’ll lead the investment organization’s new corporate risk and audit department, which is mandated to improve risk awareness, responsiveness and decision-making. To preserve the independence of the internal audit function, Drolet will […]

  • By: Staff
  • June 28, 2022 June 28, 2022
  • 11:00

At the Alberta Investment Management Corp., diversity, equity and inclusion has catapulted up the priority list when it comes to investment strategy. While DEI has long played a role in the decisions of the AIMCo and other institutional investors, says Alison Schneider, the organization’s vice-president of responsible investing, she credits the coronavirus pandemic for catalyzing […]

Pension plan sponsors can’t ignore the financial risks of climate change or respond to them with half-baked approaches that allow companies to continue pumping out pollution. To be credible, comprehensive and complete, strategies protecting Canadians’ retirement savings from the unprecedented risks of the climate crisis must include several key elements. A Paris-aligned commitment The Paris Agreement […]

Several of Canada’s largest pension funds have backed a proposal requesting that Amazon.com Inc. review how its actions against ongoing union organizing efforts align with its stated commitment to freedom of association and collective bargaining. The proposal by the Shareholder Association for Research and Education and the Catherine Donnelly Foundation was supported by the Alberta […]

  • By: Staff
  • May 31, 2022 May 31, 2022
  • 12:30

The Pension Fund Coalition is publishing a set of generic contracts aimed to help plan sponsors in establishing minimum environmental, social and governance criteria with asset managers. The model contracts are designed to be flexible across a range of scenarios, approaches and asset classes, according to a press release, which noted although the coalition is […]

  • By: Staff
  • May 19, 2022 May 18, 2022
  • 08:55

While politics plays a role in most investment decisions, it tends to arise on a fairly localized basis, says Michael Craig, head of the asset allocation and derivatives teams at TD Asset Management Inc. In addition, its prominence as a factor usually rises and falls on a cycle, slipping easily off investors’ radar in times […]

The British Columbia Investment Management Corp. is entering a consortium that’s buying a majority stake in a U.K. natural gas provider. The consortium, which also includes Macquarie Asset Management, will buy a 60 per cent stake in the National Grid’s 7,660-kilometre gas transmission system and metering business for £5.7 billion ($9.37 billion). As part of […]

  • By: Staff
  • March 28, 2022 March 28, 2022
  • 15:00

The British Columbia Municipal Pension Plan’s new Municipal Retiree Benefit Trust is joining the B.C. Investment Management Corp. The MRBT, which has $100 million in assets under management, is an employee life and health trust that provides group benefits to the MPP’s retirees and their spouses/dependants. It was recently created following a program review and redesign. […]

  • By: Staff
  • March 14, 2022 March 10, 2022
  • 09:00

The Canada Pension Plan Investment Board is financing US$350 million of debt for a global education technology provider. Valued at US$3.2 million, Mumbai-based Emeritus offers individuals, companies and governments access to remote learning classes. It has earmarked the funds for use by its mergers and acquisitions team, according to a press release. This isn’t the first […]

  • By: Staff
  • March 8, 2022 March 8, 2022
  • 12:00