Brad Lander is advocating for public pension funds to enforce their responsible investment mandates even if that pits them against their partners. As New York City comptroller and chief financial officer, he’s the investment advisor and custodian for the city’s five public pension funds. In the role, he oversees the investment guidelines and allocations strategy […]
Amendments to the federal Pension Benefits Standards Act must go beyond reporting transparency and clarify how additional disclosure requirements help monitor the health of Canadian pension plans, said the Pension Investment Association of Canada. In an open letter to Finance Canada, the PIAC said if current data collection processes for federally regulated plans aren’t achieving […]
The National Institute on Ageing is addressing the issue of missing pension plan members, in a new report highlighting the challenges faced by plan administrators and individuals entitled to unclaimed pension benefits. The report provides a framework for decision-making and emphasizes the importance of collaborative efforts from all sectors — government agencies, plan sponsors, financial […]
The Ontario Municipal Employees’ Retirement System is reporting inflation adjustment of 2.61 per cent, providing plan members with full inflation protection in 2025. The adjustment is calculated at 100 per cent of the percentage increase in the 12-month average consumer price index for the period ending in October over the average for the same period […]
While global pension plan sponsors’ assets grew by 10 per cent to reach US$63.1 trillion in 2023, this value is still five per cent lower than in 2021, according to a new report by the Organisation for Economic Co-operation and Development. It found this growth was largely attributed to gains in equity markets last year […]
The Canada Pension Plan Investment Board is investing $1 billion in Korea-based data centres through its joint venture with the Pacific Asset Management Co. “The demand for data centres in [the Asia-Pacific region] has been on the rise, driven by the continued need for cloud computing and the increasing global adoption of artificial intelligence,” said […]
Workplace pension income will add $24.5 billion to federal coffers and $16.8 billion to the provinces in 2025, according to a new report by the Canadian Centre for Policy Alternatives. It found pension income for seniors across Canada is adding $16.9 billion in additional income tax revenue and $2.3 billion in commodity tax revenue, while […]
The average funded position of defined benefit pension plans in Ontario was 121 per cent in the third quarter of 2024, down just two per cent from the previous quarter, according to a new report by the Financial Services Regulatory Authority of Ontario. It attributed this decrease to a drop in discount rates from the previous […]
An amendment to the federal Pension Benefit Standards Regulations that would establish solvency reserve accounts for federally regulated defined benefit pension plans requires additional clarity and flexibility for plan sponsors, said the Association of Canadian Pension Management. In an open letter to the Department of Finance, the organization said that the establishment of a solvency […]
The British Columbia Financial Services Authority is appointing Tolga Yalkin as chief executive officer and chief statutory officer, effective Jan. 13, 2025. Yalkin succeeds Blair Morrison and will join the BCFSA from his current role leading the regulatory agenda at the Office of the Superintendent of Financial Institutions. Read more People Watch news. “We are thrilled to welcome Tolga […]