While the Pension Investment Association of Canada is generally supportive of British Columbia’s proposed solvency funding framework, when it comes to requirements around funding the provision for adverse deviations, the organization is suggesting B.C. takes a page from Ontario and Quebec. With many governments across Canada looking to make defined benefit plans more sustainable, the […]
One of Canada’s largest university investment offices, UBC Investment Management Trust, has appointed Dawn Jia as its president and chief executive officer effective Sept. 13, 2019. Jia joins UBC IMANT from the Canada Pension Plan Investment Board where she was a senior portfolio manager. Prior to that she was vice-president and head of active equity […]
The British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are among 42 global firms acting to implement ideas to increase diversity and inclusion in investment management. This commitment to action is part of the CFA Institute’s Experimental Partners Program, which was inspired by a […]
The Liberal Party announced a number of campaign promises this week, including making maternity and parental benefits tax-free, introducing a 15-week leave for adoptive parents, strengthening the old-age security benefit and increasing the Canada Pension Plan and Quebec Pension Plan survivor’s benefit. If re-elected, the Liberal government said it will work to establish guaranteed paid family […]
The Canada Pension Plan Investment Board is making its first infrastructure investment in Indonesia, with the acquisition of a 45 per cent interest in PT Lintas Marga Sedaya, the concession holder and operator of the Cipali toll road, a critical link in the transportation network of the island of Java. PT Baskhara Utama Sedaya, a wholly-owned subsidiary of PT […]
The New Brunswick Public Service Pension Plan saw a return of 1.75 per cent in 2018, yielding $132.3 million in additional net investment income, according to its annual report. The increase was led by private equity, which returned 26.91 per cent during the year. Other alternative investments, such as infrastructure and real estate, were also […]
Morneau Shepell Ltd. is acquiring U.S.-based MorningStar Health Inc. The acquisition will allow Morneau Shepell to enhance its U.S. presence in absence management, including leaves, disability, absence reporting and accommodation. MorningStar Health’s plan sponsor clients and employees, including its leadership team, will join Morneau Shepell but will remain based in Grand Rapids, MI. Read: Morneau Shepell closes acquisition of some of Mercer’s […]
With the federal election about a month away, Canada’s political parties are rolling out their election platforms, making a host of promises to improve health care, employment insurance, the minimum wage and pension legislation. If elected, the Liberal Party of Canada, New Democratic Party and Green Party of Canada are all promising to implement a national pharmacare program. […]
While target-date funds are intended to be used as a singular option in capital accumulation plans, many defined contribution plan members use them in conjunction with other investments, according to research by Morningstar Inc. The report noted more than 10 million DC participants are potentially in TDFs and other plan investments. “While combining target-date funds with […]
Pacific Blue Cross and Blue Cross Life Insurance Co. of Canada are forming an alliance in British Columbia, effective Jan. 2, 2020. The alliance is aimed at enhancing Pacific Blue Cross’ capabilities in underwriting, pricing, reserving, actuarial and medical underwriting, according to a press release. It will remain the primary contact for all sales, services […]