Keyword: defined benefit pension plan

149 results found
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Eastman Kodak Co. is disbanding a team that manages the firm’s US$1.6 trillion of pension investments and moving its management to Boston-based investment consulting firm NEPC. In a statement, the organization said as at Dec. 31, 2022, the fair value of plan assets was approximately $3.7 billion, with the projected benefit obligation of the plan […]

  • By: Staff
  • March 6, 2024 March 5, 2024
  • 09:00
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The average projected solvency ratio for Ontario defined benefit pension plans was 119 per cent as of Dec. 31, 2023, up two per cent from Sept. 30, 2023, according to a new report by the Financial Services Regulatory Authority of Ontario. It found the median projected solvency ratio exceeded 100 per cent for 12 consecutive […]

  • By: Staff
  • March 6, 2024 March 5, 2024
  • 09:00
Canada’s DB pension plans post 5% return in Q4, close 2020 with 10% gain

Stocks and bonds helped pension funds find positive results in the fourth quarter of 2023, according to the performance universe of pension managers’ pooled funds from Telus Health. The report is based on a universe of fund managers overseeing approximately $470 billion in assets under management, including $230 billion in pension fund assets. Read: Average Canadian […]

  • By: Staff
  • March 5, 2024 March 4, 2024
  • 09:00
Ontario DB pension solvency up again in third quarter: FSRA

The Ontario Municipal Employees’ Retirement System returned 4.6 per cent in 2023, or $5.6 billion, in investment income in 2023, according to its latest year-end report. It found as of Dec. 31, 2023, the plan’s net assets stood at $128.6 billion, up from $124.2 billion in 2022. It also reported a funded status of 97 per […]

  • By: Staff
  • February 29, 2024 February 28, 2024
  • 09:00

The Colleges of Applied Arts and Technology pension plan is promoting Sabeen Purewall (pictured left) to vice-president of solutions and partnerships and Graham Stone (pictured right) to acting vice-president of pension solutions, effective Feb. 22, 2024. In their new roles, Purewall will oversee strategic partnerships to help organizations with talent attraction and retention tactics, while […]

  • By: Staff
  • February 23, 2024 February 23, 2024
  • 15:00
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The issues that lay at the root of the social justice unrest of 2020 haven’t dissipated and four years later, many investment organizations are focusing on building up their internal support networks for employees from the Black, Indigenous and people of colour communities, says Sri Vemuri, senior vice-president and national sales manager at Capital Group Canada. “While […]

While Blair Richards understands why the industry is moving away from defined benefit pension plans, he worries about what may be lost in the process. When Richards — the chief investment officer at the Halifax Port ILA/HEA pension plan — joined the institutional investor 40 years ago, DB plans were an attractive hiring and retention […]

The Ontario Municipal Employees’ Retirement System is appointing Celine Chiovitti as chief pension officer, effective Feb. 6, 2024. In the new role, she’ll continue to oversee 400 employees at the OMERS who provide pension administration for more than 600,000 plan members. Read: OMERS Ventures appointing Michael Yang as managing partner, head of ventures Chiovitti first […]

  • By: Staff
  • February 7, 2024 February 7, 2024
  • 09:00
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The Canada Pension Plan Investment Board and Oxford Properties Group Inc., the real estate arm of the Ontario Municipal Employees’ Retirement System, are selling two downtown office towers in Vancouver for about $300 million, according to reporting by Bloomberg. The investment organizations will sell the buildings, located at 402 Dunsmuir St. and 401 West Georgia […]

  • By: Staff
  • February 6, 2024 February 5, 2024
  • 11:00

The Alberta Investment Management Corp. is setting up a new $1 billion fund to invest in energy transition and decarbonization efforts, according to a report by the Globe and Mail. The new fund will specifically target industrial decarbonization, carbon capture, sustainable fuels, renewable energy production, electrification and energy storage and efficiency. However, the launch of the fund […]

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 11:00