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 30 per cent of the voting shares of most corporations. The move is part of an effort “to create an environment that encourages and identifies more opportunities for investments in […]
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 the five most popular news stories of the week: 1. RBC educating employees, reducing stigma around money matters through financial wellness hub 2. CPPIB returns 0.1% in Q2 2024, led by credit, private […]
Contributions to British Columbia-based defined benefit and defined contribution pension plans increased by 10 per cent in 2022, while contributions to target-benefit plans increased by 9.4 per cent, according to the B.C. Financial Services Authority’s annual pensions report. The report, which analyzed data from more than 600 pension plans, found overall plan membership increased by […]
An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Fidelity Canada wins award for focusing on flexibility amid return-to-office rollout 2. CPP maximum pensionable earnings increasing to $68,500 […]
Canadian defined benefit pension plans generated a median return of negative 1.99 per cent in the third quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $290.2 billion worth of investment assets in Canadian DB plans, found the one-year median return was 8.01 per cent […]
The Canada Pension Plan Investment Board says it will meet its goal of holding $130 billion in green and transition assets by 2030, according to a new report by the investment organization. The CPPIB’s current green asset mix was $79 billion as at March 31, 2023, up 17.9 per cent year-over-year from $66 million. “We […]
Nearly a third (32 per cent) of U.S. institutional investors say they plan to increase their private asset allocations over the next two years, primarily due to diversification benefits, lower volatility and the potential to garner higher returns than public markets, according to a new survey by Schroders. The survey, which polled more than 100 […]
Supply and demand are outweighing the negative impacts that interest rates are having on real estate in the short term, according to Vikram Rajagopalan, senior managing director at Trez Capital, during the Canadian Investment Review’s 2023 Risk Management Conference. Canada and the U.S. are experiencing population booms, he said, noting the Canadian government’s plan to […]
Two-thirds (66 per cent) of large institutional asset owners say they plan to increase their allocations to private markets over the coming year, according to a new survey by Mercer. The survey, which polled about 60 global asset owners, found among those planning to increase their private market investments, 50 per cent said they’re pivoting […]
Institutional investors will continue to invest in private credit as the market grows in 2024, according to one expert. Indeed, private credit opportunities are on the rise, since companies are struggling to obtain financing through traditional methods, says Arif Bhalwani, chief executive officer and managing director at Third Eye Capital. “A lot of these banks […]