As sustainable investing continues to gain widespread acceptance among institutional investors, full integration is projected to surge in the next five years, according to a new study conducted by Coalition Greenwich and commissioned by AGF Investments. It found nine in 10 institutional investors in North America and Europe expect to be investing sustainably or working […]
British Columbia’s wildfires have crystallized the threats pension plan administrators across that province face from catastrophic climate change events, says Damara Kiceniuk, senior risk analyst of pensions at the B.C. Financial Services Authority. However, these fires are just one catastrophic risk pension funds have to manage. These risks have prompted the organization to release a discussion […]
Working and retired public sector employees from across Canada are calling on the federal government to remove Miranda Hubbs, director of Imperial Oil Ltd., from the board of the Public Sector Pension Investment Board with cause. In a letter sent to Prime Minister Justin Trudeau and his cabinet today, 39 PSP Investments’ members and retirees […]
An article on the federal government’s plan to scrap Canada mortgage bonds and the potential impact on pension funds was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC […]
Since municipalities and provinces fund public services and infrastructure with clear environmental and social benefits, as well as having substantial power to shape policies in their jurisdictions, municipal and provincial bonds are useful tools for institutional investors pursuing a thematic environmental, social and governance approach, according to a new report by the United Nations’ principles […]
Canadian employers say competition for talent (84 per cent) is the No. 1 issue influencing their benefits strategies, according to a new survey by WTW. The survey, which polled around 130 employers, found rising mental-health issues (63 per cent), a focus on inclusion and diversity (48 per cent) and rising costs (40 per cent) are […]
The Caisse de dépôt et placement du Québec is investing in a Quebec-based company that develops, sells and rents pre-fabricated modular buildings for the educational market. According to a press release, the investment will enable AMB Modulaire, in which Lise Bernier and Jacques Latreille have been shareholders for more 15 years, to finalize the transfer process […]
Canadian institutional investors are optimistic about the prospects of emerging markets bonds, with more than half (52 per cent) saying they’re likely to increase their exposure over the next two years, according to a new survey by Vontobel Asset Management Inc. The survey, which polled more than 200 global institutional investors across Asia-Pacific, Europe and […]
The Ontario Municipal Employees’ Retirement System’s private equity arm is backing the series B investment round for a U.S. medical company specializing in surgical and cancer care. Carrum Health, a health-care platform for self-funded employers, secured US$45 million from investors during the funding round, with OMERS Growth Equity serving as the lead investor. The digital platform, which […]
The Pension Investment Association of Canada is praising the Canadian Association of Pension Supervisory Authorities for addressing the regulatory inconsistencies facing Canada’s defined contribution pension plan sponsors in its draft strategic plan for 2023-2026. “We commend CAPSA for its achievements in engaging with stakeholders to consider evolving regulatory risks and [capital accumulation plan] guideline development,” […]