An article on the 2023 Benefits Canada Healthcare Survey’s findings on plan members’ appreciation of health benefits was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. 72% of plan members appreciate health benefits more today than before pandemic: survey 2. 54% of benefits plan members currently live […]
The California Public Employees’ Retirement System’s Nicole Musicco will step down from her role as chief investment officer, effective Sept. 29, 2023. Musicco, who joined the CalPERS in March 2022, will leave the investment organization to attend to the immediate needs of family in Toronto, according to a press release. Dan Bienvenue, deputy chief investment […]
Five Canadian pension funds are among the most transparent in the world, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc. The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing. The Canada Pension Plan […]
An analysis of submissions made to the U.S. Securities and Exchange Commission reveals a sharp divide between the opinions of institutional investors and corporate executives when it comes to a proposal to standardize corporate climate disclosures. “Comments from different parties did not always fall along corporates versus investors, though some did,” wrote Subodh Mishra, global […]
The Canada Pension Plan Investment Board is the world’s most transparent pension fund, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc. The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing. While the rankings are […]
The California Public Employees’ Retirement System is reporting a net loss of 6.1 per cent for its last fiscal year, according to its preliminary annual results. During the year ending June 30, 2022, the public sector defined benefit pension plan’s value decreased from $466.84 billion to $440 billion. According to a press release, the losses […]
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 […]
The California Public Employees’ Pension Retirement System is appointing Nicole Musicco as its new chief investment officer, effective March 28. She joins the CalPERS from RedBird Capital Partners, where she led the firm’s Canadian investment business. Previously, she managed the private markets investment program at the Investment Management Corp. of Ontario. She also spent 16 years […]
More than 20 financial organizations in Quebec, including the Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board, are joining forces to tackle the climate emergency. The initiative, the Statement by the Quebec Financial Centre for a Sustainable Finance, aims to affirm Quebec’s leadership in sustainable finance and the financial institutions’ […]
The Investor Leadership Network is appointing Charles Emond, president and chief executive officer of the Caisse de dépôt et placement du Québec, and Jean Raby, CEO of Natixis Investment Managers, as co-chairs of its CEO council. Raby and Emond are succeeding the founding co-chairs of the council, Ron Mock, former CEO of the Ontario Teachers’ […]