The Association of Canadian Pension Management is providing feedback on the Accounting Standards Board’s proposed amendments to the Chartered Professional Accountants of Canada’s handbook, including changes to sections covering defined benefit pension plan obligations and amalgamations. In an open letter responding to the board’s proposal, Ric Marrero, chief executive officer of the ACPM, said when […]
The University Pension Plan is appointing Kathy Johnson as chief engagement and strategy officer and Andrew Naples as senior director of engagement. Johnson will lead the teams responsible for the UPP’s strategic planning, outreach and relationship-building programs with the university sector. She previously served as executive director of the University of Toronto’s faculty association and […]
Employees who identify with three or more dimensions of diversity — such as gender, race or sexuality — have a stronger sense of well-being at work (34 per cent) compared to those who don’t identify with any dimension of diversity (24 per cent), according to a new survey by consultancy Sidekick and advertising firm Humanity […]
The average Canadian defined benefit pension plan saw improvements in its solvency position in May, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic that of a typical pension saw its assets decline by 0.4 per cent over the month. Despite this, the solvency index, which provides an indication of changes […]
Peterborough, Ont.’s Peak Benefit Solutions Inc. and companion company Park Place Financial Ltd. are expanding operations in southern Ontario. The companies merged with employee benefits provider Howell Financial Corp., based in Belleville, Ont., and they’ve acquired Kingston, Ont.-based benefits provider Manley Financial Group. The expansion follows the 2018 merger of Peak Benefit Solutions and Park […]
An article on how pension plans are approaching risk management 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: Is risk management the new frontier in pension governance? 2. Sun Life completes acquisition of U.S. dental benefits provider 3. 44% of employers believe remote […]
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 […]