The Caisse de dépôt et placement du Québec is entering a strategic partnership to develop affordable housing in France. The investment organization’s real estate arm, Ivanhoé Cambridge, has signed a partnership agreement with CDC Habitat, a subsidiary of the French sovereign investment fund Caisse des dépôts et consignations. The partnership will develop houses in France’s […]
The Healthcare of Ontario Pension Plan’s subsidiary HOOPP Realty Inc. is selling a portfolio of industrial properties to a real estate investment trust. Under the terms of the deal, Skyline Industrial REIT1 will take ownership of four business parks located in the suburbs of Calgary and Edmonton for $309.25 million. The portfolio, which is more […]
In 2018, Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, engaged the services of Women in Governance, an organization dedicated to increasing gender parity and diversity at Canadian employers. “This program helps us ask the right questions to make sure we’re implementing the right policies to increase gender […]
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 […]
Two-thirds (66 per cent) of employees are willing to take a job with a lower salary and a pension plan than one with a higher salary and no pension, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 1,700 Canadian adults, found while employees close to retirement age […]
The Healthcare of Ontario Pension Plan is increasing its lifetime pension for all active plan members effective Jan. 1, 2023. As an example, under the latest increase, members working full time with average earnings of $60,000 and 10 years of service in the plan before 2023 will receive an extra $1,310 per year from their lifetime pension once they retire. Members […]
An article on how pension plans are approaching risk management was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Expert panel: Is risk management the new frontier in pension governance? 2. Sun Life completes acquisition of U.S. dental benefits provider 3. 44% of employers believe remote […]
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 […]
The Healthcare of Ontario Pension Plan is planning to reduce the greenhouse gas emissions of its $20 billion real estate portfolio. According to a new report on the pension fund’s website, the HOOPP is committing to reducing its real estate portfolio’s greenhouse gas emissions entirely by 2050 for assets under its control. To do this, […]
Michael Wissell, the Healthcare of Ontario Pension Plan’s recently appointed chief investment officer, is stewarding the $114.4-billion plan’s growth while preserving its historic drivers of success. This mandate isn’t a simple one. On one hand, the HOOPP boasts a solvency ratio of 120 per cent and uses a liability-driven investment model that helped its 10-year […]