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 Investment Management Corp. of Ontario believes an increasingly icy dynamic between the U.S. and China could lead to heightened volatility for institutional investors this year, says Nick Chamie, the IMCO’s chief strategist and senior managing director of total portfolio and capital markets. “If we’re no longer zeroing in on maximizing economic efficiency, we’re no longer […]
Legislation that mandates the transfer of five New Brunswick public sector defined benefit pension plans to a shared-risk model goes into effect today. The Pension Plan Sustainability and Transfer Act, which received royal assent in December, will impact more than 7,800 active members enrolled in five plans serving school board and nursing home employees and […]
In the coming year, the Association of Canadian Pension Management is looking forward to the possibility of participating in final consultations on policies and legislation determining variable payment life annuities, says Todd Saulnier, a principal at Mercer and president of the ACPM board. The 2023 federal budget proposed amendments to the Pension Benefits Standards Act, 1985 […]
The “most widely anticipated recession in history” could arrive in 2024, said Eric Lascelles, chief economist at RBC Global Asset Management, during the keynote session at the Canadian Investment Review’s 2023 Defined Benefit Investment Forum in December. “This is still an environment in which higher rates are exerting quite a profound drag on economic growth, […]
Pension plan sponsors must effectively employ care, diligence and skill when facing cybersecurity threats, said Sandeep Kakan, board trustee and secretary at the Canada-Wide Industrial Pension Plan, during a session at the Canadian Investment Review’s 2023 Defined Benefit Investment Forum in December. Cybersecurity concerns are rising in the aftermath of the MOVEit hack, which compromised […]
Innovations in medical technology in the next 10 years could unlock a new dawn of health investments that will make the last decade look slow in comparison, said Daniel Kraft, a Stanford University and Harvard University trained physician-scientist, inventor, entrepreneur and investor, during the keynote session at the Canadian Investment Review’s 2023 Investment Innovation Conference […]
Recent challenges to the 60/40 balanced portfolio rule shouldn’t sway institutional investors away from the strategy, said Steve Foerster, professor of finance at Western University’s Ivey Business School, during the Canadian Investment Review’s 2023 Investment Innovation Conference in November. “Regardless of what’s happening now, we don’t want to confuse strategic asset allocation, which is what […]
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 […]