The Public Sector Pension Investment Board returned 10.9 per cent — or $19.7 billion — across is total portfolio in the 2022 fiscal year. Between April 1, 2021 and March 31, 2022, the institutional investor’s assets under management grew from $204.5 billion to $230.47 billion, an increase of 12.7 per cent. The results raised PSP […]
The Alberta government is gathering feedback from stakeholders to help inform potential legislative and policy updates for private sector pension laws. The consultation will focus on the Employment Pension Plans Act and the Employment Pension Plans Regulation, according to a press release, which noted Alberta’s private sector pension legislation hasn’t been significantly updated since 2014. […]
The Healthcare of Ontario Pension Plan is planning to reduce the greenhouse gas emissions of its $20 billion real estate portfolio. According to a new report on the pension fund’s website, the HOOPP is committing to reducing its real estate portfolio’s greenhouse gas emissions entirely by 2050 for assets under its control. To do this, […]
Defined benefit pension plans and defined contribution pension plans are uncertain about how to incorporate environmental, social and governance issues into their investment processes in a way that’s consistent with fiduciary duties, according to a new white paper from the Association of Canadian Pension Management. “Sustainable investing, including ESG, is an area where some investment […]
An article on how employers can create health benefits and retirement plans for gig workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Expert panel: How employers can design health benefits, retirement plans for gig workers 2. Hitachi, Unifor agreement includes DB, DC pension […]
More than a quarter (29 per cent) of global employees said their employers are focusing on supporting workers’ physical and mental well-being to address growing skills and labour shortages, according to a new survey by PricewaterhouseCoopers. The survey, which polled more than 52,000 employees across 44 countries and territories, found respondents said their employers are also combatting […]
The Association of Canadian Pension Management is calling on the Office of the Superintendent of Financial Institutions to provide more detail on how pension plans can enhance their investment risk management strategies. In an open letter responding to a consultation by the OSFI, Ric Marrero, chief executive officer of the ACPM, said while the paper […]
More than half of Canadian employers have considered adjusting employee rewards and benefits (57 per cent) and salary/wages (55 per cent) to contend with rising inflation and an ongoing labour shortage, according to a survey by Ento Canada. The survey, which polled more than 400 human resources leaders, found four in 10 (42 per cent) employers […]
The office of the chief actuary is seeking an external peer review panel for its next actuarial report on the Canada Pension Plan. The external peer review is intended to ensure the report — to be released in December 2022 — meets high professional standards and is based on reasonable methods and assumptions, according to […]
Canada Pension Plan Investment Board generated returns of 6.8 per cent during its fiscal year, which ended on March 31, 2022. The institutional investor’s assets grew by $42 billion, rising from $497 billion to $539 billion. The $42 billion increase in net assets consisted of $34 billion in net income and $8 billion in net […]