A group of 30 Canadian and international pension funds and financial institutions have released a joint declaration that implores publicly traded companies in Canada to commit to disclose more information about their exposure to the risks of climate change and the measures undertaken to manage them. The 30 signatories — which include Bâtirente, the Caisse de dépôt et […]
The Quebec Court of Appeal has upheld a ruling ordering a woman to repay about $500,000 in pension benefits paid to a university professor found dead years after he disappeared. The case dealt with pension payments to Lynne Threlfall, the former de facto spouse of the retired Carleton University professor, 77-year-old George Rosme, after he […]
The British Columbia Investment Management Corp. and French private equity group PAI Partners have agreed to a cash public offer of all shares of Refresco Group for more than $2.4 billion. The offer price of 20 euros in cash per share represents a 22 per cent premium on the average closing price (16.37 euros) of the drink […]
How can plan sponsors encourage their employees to make better investment decisions? And how can they ensure plan members can retire with adequate income? Those questions were among the many issues explored during Benefits Canada’s Defined Contribution Investment Forum in Toronto. The conference, which took place on Oct. 5 and 6, covered everything from considerations […]
All the articles from the event can be found in our special section: DC Investment Forum. Looking for photos from other events? Check out our main Photo Gallery page. [nggallery id=55]
As the working world shifts toward automation, some have posited the idea of a universal basic income to solve the problems presented by this trend. A report released this month by Deloitte Canada and the Human Resources Professionals Association noted employment laws and public policy are struggling to catch up with the changing Canadian workforce. It recommended that the […]
The Ontario Municipal Employees Retirement System has appointed Kelly Marshall as executive vice-president of strategic partnerships, effective Nov. 1. In the new role, Marshall will drive the growth of the pension fund’s strategic partnerships, including its relationships with third-party organizations and with co-investors and other finance partners. Marshall’s most recent role was managing partner for corporate finance at […]
La Caisse de dépôt et placement du Québec’s real estate arm, Ivanhoé Cambridge, and QuadReal Property Group are investing up to US$800 million in a logistics venture in India. The venture, a partnership between real estate logistics specialist LOGOS Group and Indian construction company Assetz Property Group, was first announced in August 2017. Focused on developing […]
In response to the growing issue of employees entering the workforce saddled with significant student debt, Great-West Life Assurance Co. is piloting a program to empower workers to save for retirement while paying down their student loans. Those employees eligible to take part in the program will receive employer-matched contributions, based on the company’s existing formula, to […]
Canada’s retirement system has maintained its B rating on the Melbourne Mercer Global Pension Index, as its overall score rose slightly from 66.4 in 2016 to 66.8 in 2017. However, Canada’s sustainability score dropped due to the recent move to maintain old-age eligibility at age 65. “Canada’s recent change to maintain the eligibility for old-age security at age 65, […]