The Canadian Alliance of Nuclear Workers is calling on the federal government to allow employees to remain members of the public service defined benefit pension plan. While several nuclear facilities were formerly crown corporations, they underwent a transition to become government-owned, contractor-operated entities beginning in 2014. As a part of the change, employees at Canadian Nuclear Laboratories […]
One of Neiman Marcus Group Ltd.’s debtholder believes the company could be in default based on a transaction involving the Canada Pension Plan Investment Board. Marble Ridge Capital LP, which is invested in some of the group’s debt, namely its 8.75 per cent senior notes and term loans, sent a letter last week expressing serious concern over […]
Canadian plan sponsors aren’t satisfied with the retirement products available for capital accumulation plans and aren’t especially confident their members will have the income they need in retirement, according to a new survey by Schroders. “Most people didn’t feel that what was out there was going to allow people to retire with a high enough income,” said […]
Broad examples of divergence, across many asset classes and geographies, could be an indicator that markets are headed for more turmoil than the surface appearance currently indicates, according to a strategy note from Unigestion. Divergence refers to a phenomenon when segments of financial markets that tend to move in sync begin to do the opposite. In […]
The Canada Mortgage and Housing Corp. is having déjà vu. After closing its defined benefit plan to new members in 2013 and introducing a defined contribution component, the organization is now reversing course completely, closing its DC plan at the end of 2017 and re-opening its DB plan to all employees on Jan. 1, 2018. […]
As the Canadian cannabis industry blazes a path of growth in the run-up to October’s legalization, so does the number of related publicly listed stocks trading on North America’s largest indexes. Getting in on the action, some of Canada’s public pension funds are starting to look for exposure to cannabis companies, according to a report […]
Canada rose two spots to No. 9 among 43 countries in Natixis Investment Managers’ 2018 global retirement index. The modest rise in Canada’s ranking is attributed to improving economic conditions and environmental factors, according to the report, which also points to several factors — low interest rates, growing levels of public debt, aging populations and […]
Institutional investors that are integrating environment, social and governance factors into their decision-making process are taking note of Facebook Inc.’s latest troubles. Back in March, MSCI Inc. downgraded Facebook’s ESG ranking from BBB to BB. Its less-than-stellar rating of BBB before the downgrade was due to what MSCI called “long-standing concerns . . . with […]
Aon has developed a ratings system to more closely scrutinize how fund managers integrate environmental, social and governance issues into their investment strategies. The system begins with a proprietary questionnaire, followed by an examination of the manager’s responsible investing policy, should one exist, as well as its active ownership actions, stewardship policies and its ability to demonstrate how it’s previously applied the […]
The Ontario Teachers’ Pension Plan posted a net return of 3.2 per cent for the first half of 2018, adding $4.4 billion to the plan as of June 30, 2018. Speaking on a conference call on the mid-year result, Ron Mock, president and chief executive officer at the OTPP, called the first six months of […]