For the second year in a row, Canada ranked No. 8 among developed nations for retiree well-being, according to Natixis Investment Managers’ annual global retirement index. The index, which provides an overview of the relative well-being and financial security of retirees in 44 countries, examined 18 factors across four categories: finances in retirement, material well-being, […]
A majority (79 per cent) of institutional investors see a global economic slowdown as the top threat to their portfolios in the next 12 months, according to a new survey by Schroders. Prompted by coronavirus-related concerns, it’s a big jump from the 49 per cent of respondents that said the same in 2019. Those concerns are also […]
The Ontario Teachers’ Pension Plan is opening a new office in Singapore to enhance its capabilities in Asia Pacific. As of the end of 2019, the plan had more than 30 employees in the region and about $15 billion invested there across public equity, private equity and infrastructure. “Expanding our presence in Asia is critical to […]
The Canada Climate Law Initiative is calling into question whether the Canada Pension Plan Investment Board is sufficiently aligning its investments with the transition to a low-carbon economy. In a legal analysis, the organization said the pension fund’s current allocations to high-carbon assets reveal a “troubling incrementalism” within its efforts to mitigate Canadians’ exposure to […]
The Pension Investment Association of Canada is taking issue with some of the recommendations drafted by Ontario’s capital markets modernization task force, specifically those related to proxy advisory firms. In a recent letter to Walied Soliman, the chair of the task force, the PIAC disagreed with a proposal to introduce a regulatory framework for proxy advisory firms. […]
Since retirees and active plan members are fundamentally different, should their investment options reflect that distinction? That’s the question confronting defined contribution plan sponsors as they explore the relatively new world of in-plan decumulation. As of January, when the Ontario government passed a series of new regulations under the Pension Benefits Act, the majority of […]
Environmental, social and governance issues are key for many Canadian pension plans, but taking meaningful action is easier said than done, especially at small and mid-sized organizations. With a team of about 30 people, the University of Toronto Asset Management Corp. managed more than $11 billion of the university’s endowment, pension plan and short-term working […]
A new stock exchange aimed at serving companies and investors that share a long-term vision has opened its doors. The Long-Term Stock Exchange will trade U.S. exchange-listed securities for companies that publish and maintain a series of policies designed to provide shareholders and stakeholders with insight about their long-term strategies, practices, plans and measures. “A […]
The median projected solvency for Ontario’s defined benefit pension plans increased to 90 per cent at the end of 2020’s second quarter, up from 85 per cent in the first quarter, as measured by the Financial Services Regulatory Authority of Ontario. The regulator estimated about three-quarters of plans had double-digit investment returns for the quarter, […]
The Shareholder Association for Research and Education and Groupe Investissement Responsable Inc. are creating a joint venture to provide proxy voting services to institutional investors across Canada. The partnership establishes a new corporation called GIR that will purchase the proxy voting businesses of both organizations, as well as the operations of the previous Groupe Investissement […]