disclosure – Benefits Canada.com

Feds seeking to boost domestic investments by Canadian institutional investors: budget

bmcgovern — Wed, 17 Apr 2024 13:00:53 +0000

In its 2024 budget on Tuesday, the federal government announced a new working group dedicated to encouraging increased domestic investments by Canadian institutional investors. Former Bank of Canada governor Stephen Poloz is being tasked to lead an organization that will identify priority investment opportunities in the country for the more than $3 trillion held by […]

The post Feds seeking to boost domestic investments by Canadian institutional investors: budget appeared first on Benefits Canada.com.

Where do Canadian institutional investors stand on calls for increased domestic investments?

bmcgovern — Thu, 04 Apr 2024 13:00:53 +0000

A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the economy, says Malcolm Hamilton, a senior fellow at the C.D. Howe Institute. “I think it’s very natural for Canadian businesses . . . [that] focus on the Canadian economy, not […]

The post Where do Canadian institutional investors stand on calls for increased domestic investments? appeared first on Benefits Canada.com.

Removal of ‘30% rule’ could boost investment, reduce private equity fees for Canadian pension funds

bmcgovern — Thu, 23 Nov 2023 16:00:40 +0000

If the federal government scraps its rule restricting Canadian pension funds from holding more than 30 per cent of the voting shares of investee corporations, pension plan sponsors and other investment organizations could increase their holdings in high-performing assets, have greater oversight and accountability of their assets and see a decrease in fees for private equity, according […]

The post Removal of ‘30% rule’ could boost investment, reduce private equity fees for Canadian pension funds appeared first on Benefits Canada.com.

Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement

bwolfe — Wed, 22 Nov 2023 14:00:47 +0000

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 […]

The post Feds consider end of ‘30% rule’ for pensions, propose EI adoption benefit: fall economic statement appeared first on Benefits Canada.com.

Are institutional investors meeting diversity targets set for investee companies?

bwolfe — Fri, 23 Jun 2023 12:56:02 +0000

Considering women account for just over half of the population, Andrew MacDougall understands why — taken in isolation — the state of female representation at the top level of Canada’s public companies can seem a little underwhelming. According to the most recent round of disclosures, around 34 per cent of seats on the boards of […]

The post Are institutional investors meeting diversity targets set for investee companies? appeared first on Benefits Canada.com.

New York City pension funds calling for absolute GHG emission targets at RBC

bwolfe — Wed, 25 Jan 2023 20:00:32 +0000

New York City comptroller Brad Lander and three of the city’s pension funds are offering shareholder proposals calling on several banks — including the Royal Bank of Canada — to disclose absolute greenhouse gas emissions targets for 2030. The shareholder proposals, which request a report within one year, call for an absolute reduction target aligned […]

The post New York City pension funds calling for absolute GHG emission targets at RBC appeared first on Benefits Canada.com.

PIAC calling on CSA to ensure consistency in climate disclosure regulations

bwolfe — Mon, 16 Jan 2023 14:00:21 +0000

The Pension Investment Association of Canada is urging the Canadian Securities Administrators to work closely with its international counterparts to ensure consistency in regulations on climate-related disclosure. In an open letter to the Ontario Securities Commission, the PIAC called on the CSA to align its climate regulations with the U.S. Securities and Exchange Commission and […]

The post PIAC calling on CSA to ensure consistency in climate disclosure regulations appeared first on Benefits Canada.com.

A look at the latest legal issues around ESG investing

bwolfe — Fri, 16 Dec 2022 13:57:37 +0000

As the University Pension Plan increases its focus on climate change, its responsible investment policy considers environmental, social and governance factors as essential to sound long-term investing. “We’ve seen a lot of evidence from a variety of service providers — from investment banks to investment managers — that have demonstrated [the climate] is getting warmer […]

The post A look at the latest legal issues around ESG investing appeared first on Benefits Canada.com.

Top 5 HR, benefits, pension and investment stories of the week

bwolfe — Fri, 11 Nov 2022 14:00:35 +0000

An article on the strike by Ontario education workers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CUPE’s Ontario education workers striking for extended benefits, wage increases 2. Stellantis, Unifor agreement includes pension and retirement gains 3. Sounding Board: How employers can better support employees […]

The post Top 5 HR, benefits, pension and investment stories of the week appeared first on Benefits Canada.com.

CIA advising CAPSA to consider pension plan liabilities, climate disclosure in ESG risk management guideline

bwolfe — Tue, 08 Nov 2022 14:00:06 +0000

The Canadian Institute of Actuaries is advising the Canadian Association of Pension Supervisory Authorities to strengthen its proposed guideline on risks related to environmental, social and governance factors, including consideration for pension plan liabilities and climate-related disclosure. In an open letter to the CAPSA, the CIA suggested including a section on how ESG factors should […]

The post CIA advising CAPSA to consider pension plan liabilities, climate disclosure in ESG risk management guideline appeared first on Benefits Canada.com.