Alberta is moving to insulate its Crown investment corporation from potential legal liabilities and protect companies in the province from lawsuits accusing them of greenwashing. The wide-ranging legislation proposed Tuesday by Premier Danielle Smith’s government aims to protect the Alberta Investment Management Corp. — which manages public sector pensions — after it recorded about $2 […]
In its 2025 budget, the federal government announced several initiatives to incentivize institutional investors to back domestic infrastructure and business ventures. The budget proposed $1 billion on a cash basis over three years, starting in 2026-27, for the Business Development Bank of Canada to launch a venture and growth capital catalyst initiative, a fund-of-funds that […]
An article on recent private equity investments by the Canada Pension Plan Investment Board was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CPPIB increases stake in environmental services firm, receives approval for energy provider takeover 2. Solvency […]
Canadian public sector employees continue to outpace private sector workers in defined benefit pension plan membership, according to a new report by the Fraser Institute. It found 86.7 per cent of Canadian public sector workers were covered by a registered pension plan compared to only 21.8 per cent in the private sector, citing data from […]
Alternative assets can maintain institutional investors’ liquidity needs if they generate enough income, but this method is getting expensive, according to Janet Rabovsky (pictured centre), chair of the investment committee at the Teachers’ Pension Plan Corp. of Newfoundland and Labrador. During a panel session at the Canadian Investment Review’s 2025 Alternative Investment Conference, she said […]
A desire to diversify a heavy public equities portfolio led Montreal’s municipal pension plan sponsor to look more closely at alternative assets. Before the global financial crisis, more than 60 per cent of the City of Montreal’s portfolio was in public equities, said Errico Cocchi, its head of pension investments, during a session at the […]
The Alberta Pensions Services Corp. has taken on the administration of the National Public Service Pension Transfer Agreement, a multilateral arrangement that enables the transfer of pensionable service and funds between participating public defined benefit pension plans across Canada. This agreement plays a vital role in supporting mobility within the public sector, allowing employees who […]
The New Brunswick Public Service Pension Plan is reporting a funded status of 136.5 per cent as at Dec. 31, 2024, and will provide a full cost-of-living adjustment of 2.01 per cent to all members. Last year, the plan returned 12.65 per cent and its long-term rate of return increased to 7.14 per cent, surpassing […]
An article on Quebec’s incoming framework for variable payment life annuities was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Quebec introducing VPLA regulatory framework 2. BMO corporate employees returning to office four days per week this fall […]
The number of Canadians who are active members of a registered pension plan is increasing, according to a new report by Statistics Canada. It found between 2022 and 2023, overall pension plan membership grew by 4.2 per cent to more than 7.2 million members. During the same period, the number of women enrolled in registered […]