Keyword: defined benefit pension plan

153 results found

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
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The Ontario Municipal Employees’ Retirement System is considering the sale of LifeLabs Inc., according to a report by The Globe and Mail. A spokesperson for the infrastructure arm of the OMERS said the investment organization has held preliminary negotiation talks with “multiple potential buyers” but is currently not in any late-stage discussions. The report said […]

  • By: Staff
  • January 22, 2024 January 22, 2024
  • 15:00
Amy Chang

For institutional investors, valuation reviews will be critical in navigating equity market uncertainties, said Amy Chang, managing director and head of active global fundamental at the British Columbia Investment Management Corp., during the Canadian Investment Review’s 2023 Investment Innovation Conference in November. “I think this focus on business quality and looking at individual opportunities is […]

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Data management and transference is a key area of risk for pension plan sponsors as the vulnerability of engaging with third parties creates opportunities for cybercriminals, says Jillian Kennedy, a partner at Mercer. According to an online brief published last year by Ernst & Young, third-party service providers hired by public pension plan sponsors tend to […]

The OPSEU Pension Trust is targeting a 30 per cent reduction in its carbon footprint by 2030, according to its new climate change report. It found that since 2018, when the investment organization first launched its climate action plan, it has increased its exposure to federal and provincial green bonds to $550 million. OPTrust also expects […]

  • By: Staff
  • December 19, 2023 December 18, 2023
  • 11:00
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The average projected solvency ratio for Ontario defined benefit pension plans increased slightly to 117 per cent in the third quarter of 2023, with more than three-quarters of plans projected to be fully funded, according to a new report by the Financial Services Regulatory Authority of Ontario. While the percentage of DB plans projected to have […]

  • By: Staff
  • November 24, 2023 November 23, 2023
  • 09:00

Hydro Ottawa Ltd. is marking Financial Literacy Month by promoting tools and resources for employees grappling with the rising cost of living, says Donna Burnett Vachon, the company’s director of change and organization development. “We see [the impact of the rising cost of living] every day from people who have increasing rental costs to even just […]

  • By: Blake Wolfe
  • November 17, 2023 November 16, 2023
  • 09:00