Global retailer Kingfisher Group has agreed a £230-million medically underwritten buy-in for its defined benefit pension plan. The transaction, which covers 149 specific plan members from the company’s £3-billion pension, was completed by Legal and General, and advised by Aon Hewitt and Hymans Robertson. It is the largest medically underwritten bulk annuity arrangement to date in Britain. Read: Sun Life completes […]
One of North America’s biggest makers of aluminum foil is seeking bankruptcy protection to restructure, citing falling aluminum prices and other market challenges that also will force it to idle production at a Missouri smelter. Noranda Aluminum Holding Corp., which refines aluminum and mines bauxite, also cited labour costs, including $159 million in unfunded pension liabilities […]
While 2015 started on a healthy note for the S&P/TSX Composite Index, a majority of value and dividend investment managers in Canada faced an extra valiant challenge.
Both labour and businesses say there are flaws with the Ontario Retirement Pension Plan in its current form.
It’s increasingly difficult for active managers to generate alpha, argues Craig Lazzara, senior director, Index Investment Strategy at S&P Dow Jones Indices. He spoke on a panel at a CFA Society Toronto event Wednesday.
Growth in developed markets has been sluggish and interest rates remain low. Should institutional investors worry?
Hyewon Kong has moved to AGF Investments as an associate portfolio manager.
Ed Martin has been appointed to the board of directors of Medavie Inc.
Peter Shena, executive vice-president and chief pension officer at the Ontario Pension Board, has been appointed to the board of the Association for Canadian Pension Management for a three-year term.
After nearly six years of investigation and legal proceedings, a settlement agreement has been reached that will allow the Lehman Brothers pension plan to pay full retirement benefits to 2,466 members.