The Canada Pension Plan Investment Board is providing $300 million in credit to a global restructuring and investment advisory firm. The financing of Gordon Brothers, a Boston company that provides capital to businesses, will be delivered through the CPPIB’s subsidiary, CPPIB Credit Investments Inc. The funds will be used to fund capital investment offerings. In 2021, these offerings generated more […]
The value of low-carbon investments held by the Caisse de dépôt et placement du Québec has more than doubled since 2017, according to its annual sustainable investing report. In the report, the investment organization noted its low-carbon investments were worth $39 billion at the end of 2021, up from $18 billion in 2017 and $36 […]
The federal government’s 2022 budget is addressing long-standing rules preventing defined benefit plan sponsors from borrowing in most circumstances. In the $56-billion budget, which is expected to easily pass into law with the support of Liberal and New Democratic Party members of parliament, proposes providing more borrowing flexibility to administrators of registered DB plans. The […]
For three-quarters (75 per cent) of institutional investors, climate change is now central to — or a significant factor in — their investment policies, a steep increase from only 34 per cent two years ago, according to a new survey by Robeco Institutional Asset Management. The survey, which polled 300 of the world’s largest institutional […]
Idaho lawmakers are calling for a ban on investments in environmental, social and governance compliant companies by its state pension funds. Proposed by Republican State Senator Steve Vick, the bill would bar the state’s public sector pension plans from investing in companies that have made any ESG commitments. In its second reading, the bill received […]
Almost two-thirds (62 per cent) of U.S. defined benefit plan sponsors are seeking to exit their plans, while 33 per cent are looking to achieve self-sufficiency and just five per cent are planning to keep their plans open, according to a survey by State Street Corp. Among DB plan sponsors eyeing an exit, the survey […]
Three-quarters (75 per cent) of defined contribution plan sponsors cite reviewing fees as the most important step they took to improve their fiduciary position in 2021, according to a new survey by U.S. investment consulting firm Callan. This was followed by examining the plan’s investment policy statement (63 per cent) and investment structure (61 per cent) […]
The Public Sector Pension Investment Board is publishing a green bond framework, which is aligned with existing standards in green bond and sustainable debt markets. Green bonds will provide a new tool in PSP Investments’ toolkit to support strong financial performance and responsible investment outcomes, noted a press release. It also said the framework will […]
As a nuclear power provider, Bruce Power’s culture emphasizes the importance of risk-averseness. This is reflected in the company’s efforts to secure the indexed benefits offered to its 6,500 defined benefit pension plan members. “We have many, many checks and balances in place — not just on the operational side, but also when it comes […]
The 2022 Defined Contribution Investment Forum, held virtually on Jan. 21, explored how generational priorities impact investment options and strategies, including the growing importance of environmental, social and governance factors; the introduction of liquid investments and real assets, helping all age groups set the right glide path to retirement; and ensuring communication reaches all plan members. […]