The Canadian Association of Pension Supervisory Authorities’ new risk management guideline allows for additional flexibility amid evolving issues such as cybersecurity and environmental, social and governance considerations, said David Bartucci, head of pension regulations and regulatory effectiveness at the Financial Services Regulatory Authority of Ontario and a member of the CAPSA’s risk management committee, during […]
The largest administrator of private defined benefit and defined contribution pension plans in the U.K. is revealing details about a cyber attack that compromised the personal information of 470,000 of its members. In a press release, the £82.2-billion Universities Superannuation Scheme said its members’ data was held by external servers that were infiltrated by cyber […]
The Canada Pension Plan Investment Board is appointing Maximilian Biagosch as senior managing director and global head of real assets. Biagosch joined the CPPIB in 2015 and most recently served as senior managing director and head of Europe and direct private equity. In his new role, he’ll continue to serve as the CPPIB’s head of […]
The most important asset in the world is people’s personal information because every piece of data that we provide to the internet through social media or through interactions with pension funds and online banking are valuable information sources, said Darace Rose, co-founder and chief technology officer at Oppos Inc., during the Canadian Investment Review’s 2022 […]
In January, the Canadian Association of Pension Supervisory Authorities established a new committee with a mandate to develop a risk management guidance. In the CAPSA’s view, by having an adequate system for managing risks, “plan administrators are better positioned to keep pension assets safe and protect the plan from adverse risks.” Coinciding with this initiative, […]
The Association of Canadian Pension Management is advising the Canadian Association of Pension Supervisory Authorities to take a less prescriptive approach in its proposed guidelines on risks related to environmental, social and governance factors, cybersecurity and leverage. In an open letter to the CAPSA, the ACPM said a one-size-fits-all approach to ESG regulation could potentially […]
Years before his late-career rebirth as nemesis to former U.S. President Donald Trump, Robert Muller coined a phrase that went down in history among cybersecurity experts. “I am convinced that there are only two types of companies: those that have been hacked and those that will be,” said the then Federal Bureau of Investigation director […]
Phishing and ransomware attacks are among the top threats to pension plan sponsors and institutional investors by cyber criminals, according to Jennifer Williams, director of information security at the Healthcare of Ontario Pension Plan. “A common approach by cyber criminals begins with a simple phishing email designed to cause an employee to mistakenly action the […]
The Caisse de dépôt et placement du Québec is continuing its investment partnership with MacKinnon, Bennett & Company Inc. in the form of a new joint $150-million investment in late-venture and early growth-stage companies focused on the decarbonization and transition to renewable-energy-powered transportation. The Caisse initially invested in the company in 2016 and again in […]
The Caisse de dépôt et placement du Québec is co-leading a $55 million series D financing round for Onapsis, an application cyber security and compliance company. The investment raised through the fundraising round, which is being co-led by NightDragon Security with strong participation from existing investors, will be used to significantly scale the company through […]