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The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4 per cent the previous fiscal year, according to its latest annual report. The investment organization held $264.9 billion in net assets under management, up 8.7 per cent from the end […]

  • June 18, 2024 June 17, 2024
  • 09:00

Okta Inc.’s enhanced parental leave benefit for non-birthing parents is helping more employees who are fathers take time off to bond with their newborn or adopted children. The software company is offering 18 weeks of parental leave topped up to 100 per cent of their full salary to non-birthing parents. Employees who use the benefit can […]

  • June 17, 2024 June 15, 2024
  • 09:00

Unique natural events caused by the effects of climate change need to be considered in a financial organization’s risk analysis, according to a new report by the Canadian Institute of Actuaries. The report examined work and recommendations of the task force on climate-related financial disclosures on climate risk frameworks for the Canadian financial sector. It […]

  • June 13, 2024 June 11, 2024
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The Medicus Pension Plan, a defined benefit multi-employer pension plan designed exclusively for incorporated physicians in Canada, reported a funded status of 158 per cent on a going-concern basis and a 115 per cent funded status on a solvency basis as of Jan. 1, 2024. The plan, which launched in May 2023, is designed to […]

  • June 11, 2024 June 11, 2024
  • 09:00

Global powerhouses China and India will continue to heavily bet in oil and gas opportunities due to projected demand, despite the global push for green energy, said John Sitilides, senior fellow for national security at the Foreign Policy Research Institute, during the keynote session at the Canadian Investment Review’s 2024 Global Investment Conference in April. […]

  • June 10, 2024 June 6, 2024
  • 07:59

The conventional assessment of global risk needs to consider the dynamic correlation between geopolitical and economical risks, said Radhika Desai, professor at the department of political studies and director of the geopolitical economy research group at the University of Manitoba, speaking during a session at the Canadian Investment Review’s 2024 Global Investment Conference in April. […]

  • June 10, 2024 June 6, 2024
  • 07:51

Active ownership, accompanied by a concrete set of stewardship goals, is critical for long-term value creation, said Delaney Greig, director of investor stewardship at the University Pension Plan, during a session at the Canadian Investment Review’s 2024 Global Investment Conference in April. The UPP, which was established in 2021 as a jointly sponsored defined benefit pension […]

  • June 10, 2024 June 6, 2024
  • 07:50

During a panel discussion at the Canadian Investment Review’s 2024 Global Investment Conference in April, three pension plan sponsors shared their perspective on plan design and the changing patterns for employees close to retirement. Nearly a decade ago, Via Rail Canada Inc. began allowing payments of lump sums to individuals up to age 65 to […]

  • June 10, 2024 June 6, 2024
  • 07:49

During a panel at the Canadian Investment Review’s 2024 Global Investment Conference in April, three key thought leaders representing defined benefit pension plan sponsors shared their views on investment trends and challenges in developed and emerging markets. Investing in emerging markets brings a slate of challenges for investors, said Jean-Christophe Lermusiaux, (pictured centre) managing director of […]

  • June 10, 2024 June 6, 2024
  • 07:48

In its newest guidance, the Financial Services Regulatory Authority of Ontario is barring pension plan administrators from registering retroactive adverse amendments that could have a negative impact on plan members or beneficiaries, such as changes in contribution rates, subject to limited exceptions. “What we found coming out of the [coronavirus] pandemic, . . . there was […]

  • June 5, 2024 June 4, 2024
  • 09:00