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Ontario DB pension plans’ average solvency ratio increased to 119% in Q4 2023: FSRA

The average projected solvency ratio for Ontario defined benefit pension plans was 119 per cent as of Dec. 31, 2023, up two per cent from…

  • By: Staff
  • March 6, 2024 March 5, 2024
  • 09:00
Canada’s DB pension plans post 5% return in Q4, close 2020 with 10% gain

Pension funds end Q4 2023 with positive results driven by equities, fixed income: report

Stocks and bonds helped pension funds find positive results in the fourth quarter of 2023, according to the performance universe of pension managers’ pooled funds…

  • By: Staff
  • March 5, 2024 March 4, 2024
  • 09:00
Caisse, CPPIB, Ontario Teachers’ invest in insurance company

Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator

The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider…

  • By: Staff
  • February 29, 2024 February 29, 2024
  • 15:00
Ontario DB pension solvency up again in third quarter: FSRA

OMERS returns 4.6% for 2023, driven by equities, fixed income

The Ontario Municipal Employees’ Retirement System returned 4.6 per cent in 2023, or $5.6 billion, in investment income in 2023, according to its latest year-end…

  • By: Staff
  • February 29, 2024 February 28, 2024
  • 09:00
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Top 5 HR, benefits, pension and investment stories of the week

An article on how the Ontario Municipal Employees Retirement System has contributed to the province’s gross domestic product was the most-read story on BenefitsCanada.com this…

  • By: Staff
  • February 23, 2024 February 22, 2024
  • 09:00

U.S. public pension plans’ average funding ratio declines to 75.4% in 2023: survey

The average funding ratio for U.S. public pension plans declined to 75.4 per cent in 2023, compared to 77.8 per cent in the previous year,…

  • By: Staff
  • February 22, 2024 February 22, 2024
  • 11:00
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How investment organizations’ DEI strategies are helping attract, support BIPOC talent

The issues that lay at the root of the social justice unrest of 2020 haven’t dissipated and four years later, many investment organizations are focusing…

OMERS’ portfolio company acquiring solar energy development platform

Caisse acquires 80% stake in Japanese solar power plant, AIMCo opens New York office

The Caisse de dépôt et placement du Québec is acquiring an 80 per cent stake in a Japanese solar power generation plant alongside its portfolio company…

  • By: Staff
  • February 16, 2024 February 14, 2024
  • 15:00
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OMERS pension benefits accounted for 9.3% of Ontario retirement income in 2023: report

Retirement benefits paid out by the Ontario Municipal Employees Retirement System accounted for 9.3 per cent of retirement income in Ontario in 2023, according to…

  • By: Blake Wolfe
  • February 15, 2024 February 14, 2024
  • 09:00

Competitive pension risk transfer costs declined from 101.8% to 100.5% in December: report

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 101.8 per cent of a plan’s accounting…

  • By: Staff
  • February 15, 2024 February 14, 2024
  • 09:00

Canadian pension funds make top 10 list for largest annualized 10-year returns: report

Three of Canada’s largest pension plans are among the top 10 pension funds that generated the largest compound annualized returns between 2013 and 2022, according…

  • By: Staff
  • February 14, 2024 February 14, 2024
  • 09:00

Halifax Port ILA/HEA assessing past, future of DB pension plans

While Blair Richards understands why the industry is moving away from defined benefit pension plans, he worries about what may be lost in the process.…

Average Canadian DB pension plan returns 8.4% in Q4 2023: report

The average Canadian defined benefit pension plan generated a median return of 8.4 per cent for the fourth quarter of 2023, according to a report…

  • By: Staff
  • February 8, 2024 February 7, 2024
  • 09:00
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New York City pension funds pushing RBC to disclose clean energy funding

Two New York City pension funds are pushing the Royal Bank of Canada to disclose more details on its clean energy funding. The shareholder resolution…

OMERS appointing Celine Chiovitti as chief pension officer

The Ontario Municipal Employees’ Retirement System is appointing Celine Chiovitti as chief pension officer, effective Feb. 6, 2024. In the new role, she’ll continue to…

  • By: Staff
  • February 7, 2024 February 7, 2024
  • 09:00
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CPPIB, Oxford Properties sell two Vancouver office buildings, OMERS closes €750 million term notes offering

The Canada Pension Plan Investment Board and Oxford Properties Group Inc., the real estate arm of the Ontario Municipal Employees’ Retirement System, are selling two…

  • By: Staff
  • February 6, 2024 February 5, 2024
  • 11:00
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Average Canadian DB pension plan returns 8.2% in Q4 2023: report

The average Canadian defined benefit pension plan posted returns of 8.2 per cent in the fourth quarter of 2023, according to RBC Investor Services. It…

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 15:00

AIMCo creates $1 billion fund for energy transition, Caisse backs aircraft financing platform

The Alberta Investment Management Corp. is setting up a new $1 billion fund to invest in energy transition and decarbonization efforts, according to a report by…

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 11:00

Three Canadian pension funds’ investments among the biggest mergers, acquisitions deals in Q4 2023: report

A joint venture that saw the Canada Pension Plan Investment Board and Blackstone Inc. acquire a 20 per cent stake in a senior mortgage loan portfolio…

  • By: Staff
  • February 1, 2024 February 1, 2024
  • 11:00
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N.B. transferring 5 public DB pension plans to shared-risk model

Legislation that mandates the transfer of five New Brunswick public sector defined benefit pension plans to a shared-risk model goes into effect today. The Pension…

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ACPM focusing on VPLA policy, ESG investment standards in 2024

In the coming year, the Association of Canadian Pension Management is looking forward to the possibility of participating in final consultations on policies and legislation…

Climate change, pension super-priority law among CIA’s priorities for 2024

The impacts of climate change and federal super-priority legislation on Canadian pension plans are among the issues that the Canadian Institute of Actuaries is monitoring…

Coverage of the 2023 Defined Benefit Investment Forum

On Dec. 6, the Canadian Investment Review hosted its annual Defined Benefit Investment Forum. With the close of a year marred by financial fragility and global…

2023 Defined Benefit Investment Forum: Housing unaffordability may launch ‘generational move’ toward multi-family segment

Canada has a real estate “supply and demand crisis” that is likely to get worse in the coming years with ineffectual government intervention and central…