News CIR News Page 29
CIR news

Latest news in CIR News

Why are individual pension plans poorly understood by the pension sector?

While individual pension plans have been around since 1991, they aren’t being widely used by the people they’re designed to help and remain poorly understood…

AIMCo appointing Kevin Bong as chief investment strategist, head of Singapore

The Alberta Investment Management Corp. is appointing Kevin Bong as chief investment strategist and head of Singapore, effective Aug. 14. In the new role, he’ll…

  • By: Staff
  • May 31, 2023 May 31, 2023
  • 15:00

IMCO energy storage business secures U.K. credit facility, Caisse’s Indian warehouse network receives solar upgrade

A renewable energy company owned by the Investment Management Corp. of Ontario is securing a £175 million credit facility. Pulse Clean Energy, which was formerly…

  • By: Staff
  • May 30, 2023 May 30, 2023
  • 12:30

CAAT appointing Karen Lockridge as director of responsible investing

The Colleges of Applied Arts and Technology pension plan is appointing Karen Lockridge as director of responsible investing. In the new role, she’ll be responsible…

  • By: Staff
  • May 29, 2023 May 29, 2023
  • 15:00

ACPM urging Retraite Québec to increase flexibility in funding municipal, university DB pension plans

The Association of Canadian Pension Management is urging Retraite Québec to provide additional flexibility in the funding of municipal and university defined benefit pension plans. In…

  • By: Staff
  • May 29, 2023 May 29, 2023
  • 09:00

Understanding the role of adaptive reuse in real estate investing

In recent years, adaptive reuse strategies — which transform an existing structure to allow it to serve a new purpose — have become popular in…

BCI investing in financial services provider, building Brisbane apartment complex

The British Columbia Investment Management Corp. is acquiring a minority stake in a corporate consultant and fund administration provider. Zedra, which provides wealth, governance and…

  • By: Staff
  • May 25, 2023 May 25, 2023
  • 12:30
Copyright_thodonal_123RF

Cyber attack compromises U.K. pension plan members’ personal information

The largest administrator of private defined benefit and defined contribution pension plans in the U.K. is revealing details about a cyber attack that compromised the…

  • By: Staff
  • May 25, 2023 May 25, 2023
  • 12:30

CPPIB returns 1.3% in fiscal 2023, bracing for headwinds ahead

The Canada Pension Plan Investment Board is bracing for headwinds in the event of a recession, but says a wide range of investments makes it well-positioned for…

U.S. DB pension plan assets rise 4.47% in Q1 2023

U.S. defined benefit pension plans posted net returns of 4.47 per cent in the first quarter of 2023, according to a report from Investment Metrics…

  • By: Staff
  • May 23, 2023 May 23, 2023
  • 12:30
ESG influencing company strategy, increasing oil market vulnerability: reports

AIMCo acquiring stake in Calgary-based geothermal energy subsidiary

The Alberta Investment Management Corp. will receive a majority stake in a wholly owned subsidiary of an oil and gas development and production company in…

  • By: Staff
  • May 23, 2023 May 23, 2023
  • 12:30

Expert panel: History’s lessons for DB pension plans during turbulent times

At the best of times, selecting an optimal asset mix for a defined benefit pension plan is challenging. The times of today are downright turbulent.…

Lack of disclosure from REITs about evictions, building maintenance a risk to institutional investors: SHARE

As Canada’s largest residential real estate investment trusts drive up the country’s rental property prices through evictions and renovations, these moves highlight institutional investors’ human…

  • By: Staff
  • May 18, 2023 May 18, 2023
  • 12:30

Caisse supporting Uni-Select acquisition, Ontario Teachers’ participating in construction company buy back

The Caisse de dépôt et placement du Québec is selling its stake in a Quebec-based automotive aftermarket equipment manufacturer. Last week, Uni-Select Inc., which manufactures…

  • By: Staff
  • May 18, 2023 May 18, 2023
  • 12:30

Wells Fargo agrees to pay $1BN to public retirement plan members to settle class action lawsuit

Wells Fargo has agreed to pay US$1 billion to settle a lawsuit filed by its two public sector pension plans that alleged the bank made…

2022 Pension Leadership Awards winners announced

The Canadian Investment Review is proud to announce the winners of the third annual Pension Leadership Awards. The winners are: Investment Officer of the Year Award: Duncan…

  • By: Staff
  • May 16, 2023 June 6, 2023
  • 08:00
Caisse, CPPIB, Ontario Teachers’ invest in insurance company

UPP appointing Karen Rowe as chief financial officer

The University Pension Plan is appointing Karen Rowe as its chief financial officer. In the new role, she’ll oversee the teams responsible for the UPP’s…

  • By: Staff
  • May 15, 2023 May 15, 2023
  • 15:00
Copyright_marchmeena_123RF

Median solvency ratio of Ontario DB pensions rose to 115% in Q1 2023: report

The median solvency ratio of Ontario defined benefit pension plans rose during the first quarter of 2023, from 112 per cent at the beginning of the…

  • By: Staff
  • May 15, 2023 May 12, 2023
  • 09:00

Canada’s lasting influence on Arizona’s public sector pension investor

There’s something about the Arizona State Retirement System — a US$49.3-billion defined benefit-like hybrid pension plan for the state’s 600,000 current and former public sector…

115393398-123rf

Parliamentary subcommittee investigating Canadian public sector pension allocations to China

Representatives from six of Canada’s largest public sector pension investment organizations addressed a special parliamentary committee on Monday. The special committee on the Canada–People’s Republic…

  • By: Staff
  • May 11, 2023 March 28, 2024
  • 12:30
Copyright_Mikhail Tsikhanovich_123RF

Vestcor posts 3.63% loss for 2022

Vestcor Investment Management Corp., an organization that manages the investment and administration of 11 public sector pension plans in New Brunswick, saw its investment decline…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 12:30
123rf.com_wklzzz

IMCO investing in digital infrastructure fund; Caisse, Ontario Teachers’ co-owned insurer acquiring Chilean annuity portfolio

The Investment Management Corp. of Ontario is entering into a new fund that owns a British fibre optic business. The fund was launched as part…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 12:30
Copyright_Kwanchai Lerttanapunyaporn_123RF

Canadian DB pension plan assets rise 1.9% in April: report

A typical Canadian defined benefit pension plan’s funded position improved on a solvency basis and decreased on an accounting basis in April as a result…

  • By: Staff
  • May 11, 2023 May 11, 2023
  • 12:00
Copyright_Pedro Antonio Salaverrìa Calahorra_123RF

Ontario Teachers’ investing in telecom network, launching mixed use development in Montreal

The Ontario Teachers’ Pension Plan is investing in a wireless communications infrastructure company. Diamond Communications, which specializes in developing wireless network facilities to enhance internet…

  • By: Staff
  • May 9, 2023 May 9, 2023
  • 12:30
Copyright_bashta_123RF

Imperial Oil shareholders reject ESG proposals from Bâtirente, BCI

Imperial Oil Ltd. shareholders have voted against environmental, social and governance-related proposals backed by the Bâtirente and the British Columbia Investment Management Corp. during the…

  • By: Staff
  • May 9, 2023 May 10, 2023
  • 12:30