The Canada Pension Plan Investment Board is making two senior appointments. The organization is appointing Maximilian Biagosch as its senior managing director, Europe regional head and head of direct private equity and Agus Tandiono as its senior managing director, regional head and head of fundamental equities Asia. The promotions comes as part of a strategy […]
The Canadian Investment Review is pleased to announce the finalists for the second annual Pension Leadership Awards. This year, the awards welcomed more than 20 applications highlighting the actions of leading figures and organizations within the pension sector. In the preliminary judging phase, three finalists were chosen for each award category. Read: Announcing the winners of […]
Despite muted investment returns in the third quarter of 2021, capital accumulation plan member outcomes improved as annuity rates continue to rise, according to Eckler Ltd.’s latest CAP income tracker. It found a typical male CAP member retiring at age 65 at the end of September achieved a gross income replacement ratio of 59.5 per […]
Five years after Ontario’s auditor general uncovered an issue with the way the province was including pension assets in its financial statements, the office is proposing changes related to accounting in defined benefit pension plans. The auditor general’s 2016 annual report revealed a deficit of $5 billion, while the province’s government set the deficit at […]
Paid sick days for employees continues to be a hot topic as the coronavirus pandemic rages on, with the top two stories over the past week focusing on legislation that’s tackling the issue at the federal and provincial levels. Here are the five most popular news stories of the week: 1. B.C. giving workers five paid sick […]
The Ontario government is requiring employers with 25 or more employees to draft a right-to-disconnect policy. The legislation, which passed on Nov. 30 but is yet to receive royal assent, means employers will be required to establish a written policy about employees disconnecting from their job at the end of the workday. The Progressive Conservative Party of […]
Nearly three-quarters (74 per cent) of institutional investors said they’re more likely to divest from companies with poor environmental, social and governance track records, according to a new survey by EY. The survey, which polled more than 320 global institutional investors, found the vast majority (86 per cent) said they’ll invest in companies that have […]
Nearly half (44 per cent) of pension plan sponsors in the U.S. said they intend to review and/or renegotiate their plan’s management fees over the next one to two years, whether it’s custody fees (27 per cent) or investment management fees (17 per cent), according to a survey by consulting firm Callan. The survey, which […]
The federal Liberal Party is following through on an election campaign promise by introducing legislation that would provide 10 paid sick days per year to employees in the federally regulated private sector. In a press release, the government said it will consult with federally regulated employers and workers toward the implementation of this legislation. Prime […]
Air Canada and unions representing more than 20,000 employees are reaching an agreement that will wind down a shared pension trust to the benefit of retired workers who are part of the company’s defined benefit plans. The airline was granted relief from pension solvency funding when facing insolvency in 2009. As part of the arrangement, […]