Investments – Benefits Canada.com

CPPIB investing €550M in European digital solutions provider, Caisse buying Brazilian power transmission platform

bmcgovern — Fri, 12 Jul 2024 19:00:07 +0000

The Canada Pension Plan Investment Board is investing €550 million in Europe-based team.blue to acquire a 20 per cent interest in the firm. The total transaction gives team.blue a valuation of €4.8 billion. The digital solutions provider serves 3.3 million small- and medium-sized businesses across 22 countries. In a press release, Hafiz Lalani, managing director […]

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Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 12 Jul 2024 13:00:18 +0000

A story on how group insurers can help plan sponsors provide adequate coverage and ensure appropriate use of treatments for rare diseases was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Sounding Board: How employers can mitigate cost of […]

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Institutional investors considering AI need responsible rulebook: report

bmcgovern — Thu, 11 Jul 2024 19:00:26 +0000

Putting responsible artificial intelligence principles in place is essential to enhancing risk-adjusted returns and positioning businesses for success, according to a new report by the Canada Pension Plan Investment Board and the World Economic Forum. It found the use of AI can preserve and even create value for investors. However, institutional investors must find a balance between […]

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Competition Bureau to speed development of guidance on new greenwashing rules

bmcgovern — Tue, 09 Jul 2024 19:00:05 +0000

The Competition Bureau is speeding up the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing. The federal watchdog said it has received a large number of requests and that it will develop guidance “on an accelerated basis.” Read: Head to Head: Is it time to change the terminology […]

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Commercial real estate challenges forcing Canadian pension funds to re-evaluate strategy: report

bmcgovern — Mon, 08 Jul 2024 19:00:53 +0000

Some of Canada’s largest pension funds are rethinking their real estate strategies as higher interest rates continue to push valuations lower and lenders pull in their purse strings, according to reporting by Bloomberg. Read: Canadian pension funds seeking diversification in real estate at home, abroad: experts Indeed, it said the Canada Pension Plan Investment Board […]

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OMERS sells LifeLabs for $1.35BN, Ontario Teachers’ Venture Growth invests in Japanese HR software firm

bmcgovern — Fri, 05 Jul 2024 17:00:01 +0000

The Ontario Municipal Employees’ Retirement System is selling LifeLabs Inc. in a deal worth roughly $1.35 billion to U.S.-based Quest Diagnostics. The transaction is expected to close by the end of the year, said a press release. The Canadian laboratory firm will retain its brand, headquarters and management after the deal closes. “OMERS is proud […]

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Canadian public pension plans’ average funding ratio increased to 116% in 2023: report

bmcgovern — Thu, 04 Jul 2024 19:00:35 +0000

Canadian corporate pension funds reported an average funding ratio of 117 per cent, while public pension funds reported an average of 116 per cent, according to a new report by Coalition Greenwich. The study, based on interviews more than 150 of the largest tax-exempt funds in Canada, found in 2023, these investors reported that, on average, six […]

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Median solvency ratio of Canadian DB pension plans stays flat in Q2 2024: reports

bmcgovern — Wed, 03 Jul 2024 19:00:58 +0000

The median solvency ratio of Canadian defined benefit pension plans remained flat in the second quarter of 2024, compared to the previous quarter, according to a report by Mercer. The report, which tracked 450 DB pension plans, found the median solvency ratio was 118 per cent, as at June 28, 2024, the same as at […]

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Canada’s missing navigation tool in the push to lower emissions

bmcgovern — Tue, 02 Jul 2024 19:00:10 +0000

It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass. The same could be said of investors trying to navigate where to put the many trillions of dollars that are […]

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BCI reports 7.5% annual return, assets grow to $250.4BN

bmcgovern — Fri, 28 Jun 2024 19:00:41 +0000

The British Columbia Investment Management Corp. is reporting an annual return of 7.5 per cent, or $17.4 billion, as at March 31, 2024, up from 3.5 per cent the previous fiscal year, according to its latest annual report. The report, which reflects the results from the investments of its six largest pension clients — the BC Hydro Pension […]

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