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The Office of the Superintendent of Financial Institutions and the Financial Services Regulatory Authority of Ontario are putting forward six recommendations for strengthening the Canadian Association of Pension Supervisory Authority’s capital accumulation plan guidelines.  In a webinar hosted in November 2021, the regulators shared the outcomes of its technical advisory committee and solicited feedback from the […]

  • February 9, 2022 February 8, 2022
  • 09:00

While Canadians are prioritizing saving as they continue to navigate the challenges of the global coronavirus pandemic amid expectations of rising inflation in the coming year, just over two-thirds (64 per cent) know the difference between a registered retirement savings plan and a tax-free savings account, according to a new survey by the Bank of […]

  • January 12, 2022 January 11, 2022
  • 15:00

Defined benefit pension plans offer substantial cost advantages over 401(k)-style defined contribution plans, according to a new report by the National Institute on Retirement Security. The U.S. report found a typical DB pension — with advantages based on longevity risk pooling, asset allocation, low fees and professional management — has a 49 per cent cost advantage […]

  • January 11, 2022 January 10, 2022
  • 09:00

The Canada Pension Plan Investment Board and Phoenix Mills Ltd. are forming a joint venture to develop an office-led, mixed-use building in Mumbai. The Canadian investment manager is committing about $231 million in tranches for an ultimate equity stake of 49 per cent in the entity, known as PCREPL, that will own the asset. This […]

  • November 16, 2021 November 16, 2021
  • 09:00

The Alberta Investment Management Corp. is selling its 97.33 per cent ownership stake in a Spanish renewable energy company. Eolia Renovables de Inversiones is an independent power producer that develops, constructs and operates wind farms and solar photovoltaic plants. The company manages a 899 megawatt portfolio of renewable energy assets, as well as a renewable […]

  • November 15, 2021 November 15, 2021
  • 09:00

The Caisse de dépôt et placement du Québec is investing in a Canadian mortgage broker. The investment in M3 Financial Group will allow the organization to continue its strategic growth plan around acquisitions and help expand its digital footprint, according to a press release, which noted the mortgage broker most recently acquired Pinch Financial, a technology […]

  • November 11, 2021 November 10, 2021
  • 09:00

A consortium of investment managers, including the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan, are reaching an agreement to create a global communications organization. The shareholder group of Inmarsat, a British satellite telecommunications company — which also comprises private equity firm Warburg Pincus and funds advised by Apax Partners LLP — […]

  • November 9, 2021 November 9, 2021
  • 09:00

The maximum pensionable earnings under the Canada Pension Plan for 2022 is increasing to $64,900 from $61,600 in 2021. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada, according to a press release from the Canada Revenue Agency. Contributors who earn more than $64,900 in 2022 […]

  • November 2, 2021 November 2, 2021
  • 09:00

With the coronavirus pandemic exposing gaps in sickness and caregiving leave provisions across Canada, the Institute for Research on Public Policy is calling for permanent reforms to provide access to short-term paid and protected leaves for all employees. In the study, co-authors Eric Tucker, a professor at Osgoode Hall Law School, and Leah Vosko, a […]

  • October 8, 2021 October 8, 2021
  • 15:00

The majority (68 per cent) of Canadian employees working at their job sites said they feel a greater sense of belonging and acceptance at work than those who work from home or in a hybrid workplace, according to LifeWorks Inc.’s latest mental-health index. The index found isolation scores among those working exclusively from home are […]

  • September 22, 2021 September 21, 2021
  • 09:00