Public Equities – Benefits Canada.com

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 […]

The post Canadian public pension plans’ average funding ratio increased to 116% in 2023: report appeared first on Benefits Canada.com.

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 […]

The post Median solvency ratio of Canadian DB pension plans stays flat in Q2 2024: reports appeared first on Benefits Canada.com.

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 […]

The post BCI reports 7.5% annual return, assets grow to $250.4BN appeared first on Benefits Canada.com.

Mandating Canadian pension funds’ domestic investments could harm plan members: study

bmcgovern — Thu, 27 Jun 2024 13:00:19 +0000

A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set up to protect, according to a new study by the Global Risk Institute. The paper examined the potential effect of official legislation that pushes for increased investments in domestic markets, […]

The post Mandating Canadian pension funds’ domestic investments could harm plan members: study appeared first on Benefits Canada.com.

How the investment strategies of the Maple 8 impact the decisions of medium- and small-sized plan sponsors

bmcgovern — Fri, 21 Jun 2024 12:56:30 +0000

While many of the investment strategies and resources at the disposal of the Maple 8 — Canada’s eight largest public pension plans that represent more than $2.1 trillion in assets under management — are out of reach for medium- and small-sized plan sponsors in the country, the path carved by the most sophisticated investment organizations […]

The post How the investment strategies of the Maple 8 impact the decisions of medium- and small-sized plan sponsors appeared first on Benefits Canada.com.

B.C.’s Municipal Pension Plan focusing on sustainable investments

bmcgovern — Fri, 21 Jun 2024 12:54:40 +0000

Chelsea Kittleson joined British Columbia’s Municipal Pension Plan at a time of change for the investment organization. The MPP’s executive director, who joined the plan sponsor in November 2023, has used her investment and operations background to implement and oversee a three-year strategic plan that includes long-term sustainable investment goals. Read: B.C. Municipal Pension Plan appointing […]

The post B.C.’s Municipal Pension Plan focusing on sustainable investments appeared first on Benefits Canada.com.

Shareholders approve Elon Musk’s Tesla pay package, despite objection by institutional investors

bmcgovern — Thu, 20 Jun 2024 19:00:45 +0000

A majority (77 per cent) of Tesla Inc. shareholders voted in support of restoring the landmark US$44.9 billion all-stock pay package for chief executive officer Elon Musk, despite public calls against the compensation by a pension fund and a sovereign wealth fund, according to a report by the Associated Press. The shareholder vote, held at […]

The post Shareholders approve Elon Musk’s Tesla pay package, despite objection by institutional investors appeared first on Benefits Canada.com.

PSP Investments generates 7.2% annual return, net assets increase to $264.9BN

bmcgovern — Tue, 18 Jun 2024 13:00:09 +0000

The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4 per cent the previous fiscal year, according to its latest annual report. The investment organization held $264.9 billion in net assets under management, up 8.7 per cent from the end […]

The post PSP Investments generates 7.2% annual return, net assets increase to $264.9BN appeared first on Benefits Canada.com.

Ontario DB pension plans’ average solvency ratio increases to 122% in Q1 2024: FSRA

bmcgovern — Mon, 17 Jun 2024 19:00:22 +0000

The average projected solvency ratio for Ontario defined benefit pension plans was 122 per cent as of March 31, 2024, up three per cent from Dec. 31, 2023, according to a new report by the Financial Services Regulatory Authority of Ontario. It found 90 per cent of DB plans were projected to be fully funded […]

The post Ontario DB pension plans’ average solvency ratio increases to 122% in Q1 2024: FSRA appeared first on Benefits Canada.com.

Caisse investing $500MN in National Bank of Canada, backing EV charging station operator

bmcgovern — Fri, 14 Jun 2024 19:00:11 +0000

The Caisse de dépôt et placement du Québec is investing $500 million in National Bank of Canada to support its acquisition strategy for Canadian Western Bank. The acquisition deal is worth $5 billion and will give National Bank a presence in Western Canada. Following the Caisse’s investment in National Bank, it will become the second […]

The post Caisse investing $500MN in National Bank of Canada, backing EV charging station operator appeared first on Benefits Canada.com.