Investment funds that are designed to entice Canadian institutional investors to allocate more capital in domestic assets could open up conversations regarding the most effective way to boost investments at home, says Colin Busby, director of policy engagement at the C.D. Howe Institute. In September, the Globe and Mail reported there was little interest among […]
Marcie Frost, chief executive officer at the California Public Employees’ Retirement System, is receiving a significant bonus that will boost her compensation to more than US$1 million, according to a report from CalMatters. The pay increase for the fiscal year is being attributed to a $667,320 bonus approved by the administrative board, which Frost will […]
The Ontario Pension Board is making two senior executive appointments as part of its management transition plan. The organization is appointing Marc Rondeau (pictured right) as executive vice-president and chief pension officer and Mila Babic (pictured left) as executive vice-president and chief client services officer, effective Aug. 6, 2024. Rondeau will replace Darwin Bozek as […]
More than half (52) per cent of new public safety employee hires are expected to retire from a defined benefit pension plan, according to a new report by the National Institute on Retirement Security. The report, which reviewed data from 28 U.S. police and fire pension plan sponsors, found that DB plans are an effective […]
The British Columbia Teachers’ Pension Plan is increasing coverage for several optional retirement health benefits, effective Jan. 1, 2025. Vision care coverage will increase by $100 to $400 every two calendar years, while hearing care is set to rise from $1,400 every four calendar years to $2,000, according to a press release, which noted plan members […]
In an open letter, leaders from Canada’s biggest pension funds are asking the Canadian Sustainability Standards Board to reconsider a two-year relief period granted to companies around non-climate disclosures. “Where sustainability-related factors are material, they have the potential to present material financial impacts to companies’ performance and is important information for boards and investors,” read […]
The funded ratio of the average Canadian defined benefit pension plan grew by two per cent during the second quarter of 2024 and nine per cent since the start of the year to 126 per cent, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans rose […]
Some of Canada’s largest pension funds are rethinking their real estate strategies as higher interest rates continue to push valuations lower and lenders pull in their purse strings, according to reporting by Bloomberg. Read: Canadian pension funds seeking diversification in real estate at home, abroad: experts Indeed, it said the Canada Pension Plan Investment Board […]
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 Ontario Teachers’ Pension Plan is acquiring a minority stake in India-based financial institution Kogta Financial Ltd. through a Series E investment transaction worth US$148 million. The firm specializes in the secured vehicle and micro-, small- and medium-sized enterprises financing space with loans. The funds from the transaction will be used as primary capital for growth […]