News CIR News Page 20
CIR news

Latest news in CIR News

Copyright_andreypopov_123RF

Expert panel: How interest rates impact DB pension plans

Interest rate levels are critically important to the financial health of defined benefit pension plans. Many DB plans are in their best financial positions in…

Ontario Teachers’ appointing Pierre Cherki executive managing director of real estate

The Ontario Teachers’ Pension Plan is appointing Pierre Cherki as executive managing director if its new in-house real estate asset group, effective Jan. 22, 2024. In the new role,…

  • By: Staff
  • December 6, 2023 December 6, 2023
  • 15:00

AIMCo acquiring Australian cattle portfolio company, IMCO adding $2.6BN in portfolio assets

The Alberta Investment Management Corp. is increasing its Australian agriculture portfolio with the acquisition of a cattle management company. The transaction will see the AIMCo…

  • By: Staff
  • December 5, 2023 December 5, 2023
  • 09:30

53% of world’s largest pension funds say recession is top concern: survey

More than half (53 per cent) of the world’s largest pension funds say the prospect of a global recession is their No. 1 short-term concern…

Copyright_Mikhail Tsikhanovich_123RF

Union protests N.B.’s plan to transform public sector DB pension plans

The New Brunswick government introduced legislation Wednesday to transfer five of its public sector defined benefit pension plans to shared-risk plans, saying the move will…

Caisse invests in audiovisual technology company, Ontario Teachers’ acquires Australian agriculture operator

The Caisse de dépôt et placement du Québec is investing in an audiovisual and entertainment technology company. The investment organization acquired a minority stake in…

  • By: Staff
  • November 30, 2023 November 29, 2023
  • 11:00
Copyright_Sebnem Ragiboglu_123RF

Federal public sector pension indexation rate set at 4.8% for 2024

The pension indexation rate for federal public sector pensions will be 4.8 per cent in 2024, according to the National Association of Federal Retirees. The…

  • By: Staff
  • November 30, 2023 November 30, 2023
  • 11:00

World’s 100 largest asset owners’ AUM down 9% in 2022: report

The value of the total assets under management for the world’s 100 largest asset owners declined nine per cent to US$23.4 trillion as of Dec.…

  • By: Staff
  • November 30, 2023 November 30, 2023
  • 09:00

OPB appointing Darwin Bozek as president, chief pension officer

The Ontario Pension Board is appointing Darwin Bozek as president and chief pension officer, effective Feb. 1, 2024. He joins the OPB from the Alberta…

  • By: Staff
  • November 28, 2023 November 28, 2023
  • 09:00

Alberta premier quiet on reason for abandoning promised in-person CPP exit consults

Alberta Premier Danielle Smith won’t say what happened to her government’s promise to hold face-to-face meetings with citizens in December on quitting the Canada Pension…

CPPLC appointing Karen McKeown as co-chair

The Canadian Public Pension Leadership Council is appointing Karen McKeown, director of board operations at the B.C. Pension Corp., as co-chair. McKeown will share responsibilities…

  • By: Staff
  • November 24, 2023 November 24, 2023
  • 15:00
Copyright_Mikhail Tsikhanovich_123RF

Ontario DB pension plans’ average solvency ratio increased to 117% in Q3 2023: FSRA

The average projected solvency ratio for Ontario defined benefit pension plans increased slightly to 117 per cent in the third quarter of 2023, with more than…

  • By: Staff
  • November 24, 2023 November 23, 2023
  • 09:00
ACPM calling on feds to streamline pension overpayment recovery

Removal of ‘30% rule’ could boost investment, reduce private equity fees for Canadian pension funds

If the federal government scraps its rule restricting Canadian pension funds from holding more than 30 per cent of the voting shares of investee corporations, pension…

Copyright_hin255_123RF

Real return bonds support pension risk management, provide liability data: ACPM

The Association of Canadian Pension Management is urging the federal government to reverse its position on the cessation of real return bonds and open a…

  • By: Staff
  • November 23, 2023 November 22, 2023
  • 09:00
Copyright_marchmeena_123RF

Competitive pension risk transfer costs increase from 101.1% to 101.9% in October: report

The estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process increased from 101.1 per cent of a plan’s accounting…

  • By: Staff
  • November 22, 2023 November 22, 2023
  • 15:00
Copyright_marcbruxelle_123RF

Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement

In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than…

  • By: Staff
  • November 22, 2023 November 22, 2023
  • 09:00

Caisse invests $200M in Swedish battery maker, OMERS closes US$1BN term notes offering

The Caisse de dépôt et placement du Québec is investing $200 million in a Swedish company developing and manufacturing lithium-ion batteries for electric vehicles. The…

  • By: Staff
  • November 21, 2023 November 20, 2023
  • 11:00

Top money managers’ Canadian pension AUM up 7.7% year over year: report

The Canadian pension assets under management of the country’s top 40 investment managers increased by 7.7 percentage points over the previous year, from nearly $989…

  • By: Staff
  • November 21, 2023 November 20, 2023
  • 11:00

Former federal finance minister defends ‘sustainably successful’ CPP amid Alberta pension exit plan

Former federal finance minister Bill Morneau is standing up for the Canadian Pension Plan, calling it a uniquely successful investment organization that won’t be easily…

Copyright_dmitrydemidovich_123RF

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

An article on how the Royal Bank of Canada is marking Financial Literacy Month was the most-read story on BenefitsCanada.com over the last week. Here are…

  • By: Staff
  • November 17, 2023 November 16, 2023
  • 09:00

2023 Top 40 Money Managers Report: Geopolitical tension making its presence felt among institutional investors

By the time Nick Chamie graduated with his first degree in economics in 1992, the Berlin Wall had already fallen and the Soviet Union had ceased…

TTC Pension Plan on track to remove surprises from risk assessment

In the institutional investment sector, risk management means thinking about a lot of doom and gloom, but for Danny Ip, the job is more about…

Ontario Teachers’ invests $80M in Indian packaging operator, BCI boosts funding for quantum computing firm

The Ontario Teachers’ Pension Plan is investing $80 million in logistics service provider Xpressbees. The Indian packaging and shipping company, which offers its services across…

  • By: Staff
  • November 16, 2023 November 16, 2023
  • 11:00

Survey finds 77% of U.S. institutional investors worried about inflation and interest rates in 2024

A majority (77 per cent) of U.S.-based institutional investors expect interest rates and inflation to remain elevated in 2024, causing problems for risk assessments over…

  • By: Staff
  • November 16, 2023 November 16, 2023
  • 11:00
Copyright_ jewhyte_123RF

CPPIB CEO pitches Calgary business crowd on benefits of staying in CPP

As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing…