HOOPP – Benefits Canada.com

Ontario DB pension plan payouts provide $34.6BN to provincial GDP: report

bwolfe — Wed, 30 Oct 2024 19:00:57 +0000

Defined benefit pension plans support more than one million beneficiaries in Ontario and these benefits provided more than $34.6 billion to the province’s gross domestic product in 2023, according to a new report by the Conference Board of Canada on behalf of the Healthcare of Ontario Pension Plan, the OPSEU Pension Trust and the University […]

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HOOPP’s Jeff Wendling retiring in 2025

bwolfe — Thu, 26 Sep 2024 15:00:39 +0000

Jeff Wendling, president and chief executive officer at the Healthcare of Ontario Pension Plan, will be retiring in 2025 after more than 25 years with the organization. He’ll remain in the position until the HOOPP’s board of trustees names a successor and will work with the board to ensure a smooth transition, according to a […]

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Canadian pension leaders urging sustainability regulator to modify new disclosure guidelines

bmcgovern — Thu, 18 Jul 2024 13:00:01 +0000

In an open letter, leaders from Canada’s biggest pension funds are asking the Canadian Sustainability Standards Board to reconsider a two-year relief period granted to companies around non-climate disclosures. “Where sustainability-related factors are material, they have the potential to present material financial impacts to companies’ performance and is important information for boards and investors,” read […]

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59% of Canadians with a workplace pension plan feel prepared for retirement: survey

bmcgovern — Wed, 26 Jun 2024 19:00:48 +0000

Six in 10 (59 per cent) Canadians with an employer-sponsored pension plan say they feel somewhat or very well prepared for retirement, compared to only 34 per cent of respondents without a workplace pension plan, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,000 Canadian employees, found fewer than […]

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How the investment strategies of the Maple 8 impact the decisions of medium- and small-sized plan sponsors

bmcgovern — Fri, 21 Jun 2024 12:56:30 +0000

While many of the investment strategies and resources at the disposal of the Maple 8 — Canada’s eight largest public pension plans that represent more than $2.1 trillion in assets under management — are out of reach for medium- and small-sized plan sponsors in the country, the path carved by the most sophisticated investment organizations […]

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Sounding Board: How DPSPs can support SMEs’ retirement, talent management goals

bwolfe — Mon, 13 May 2024 13:00:47 +0000

Canadian companies, especially small- and medium-sized employers, are facing unprecedented challenges in attracting and retaining skilled and motivated talent. According to a recent survey by Robert Half Canada Inc., 42 per cent of Canadian employees have already started searching for a new job or are planning to do so in the first six months of […]

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HOOPP returns 9.38% for 2023, driven by equities, fixed income

bmcgovern — Wed, 13 Mar 2024 19:00:42 +0000

The Healthcare of Ontario Pension Plan is reporting an annual return of 9.38 per cent for 2023, partly due to the performance of equities and fixed income, says Michael Wissell, chief investment officer at the HOOPP. The investment organization finished the year with $112.6 billion in net assets, compared to $103.7 billion and a return of […]

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Pension funds improving modestly on climate but more work to be done: report

lbailey — Wed, 28 Feb 2024 20:00:49 +0000

Canada’s largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, according to a new report by a climate advocacy group. The progress report from Shift Action for Pension Wealth and Planet Health found four of the 11 pension plans it examined still don’t have emissions reduction targets […]

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84% of employers say they’re concerned about a retirement income crisis: survey

bwolfe — Tue, 31 Oct 2023 13:00:07 +0000

As a majority (84 per cent) of Canadian employers say they’re concerned about an emerging retirement income crisis, they also agree that, without access to employer-sponsored pension plans, workers will become a burden on the taxpayer (82 per cent) and the economy will suffer (79 per cent), according to a new survey by the Healthcare […]

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Is the single-employer DB pension plan dead or merely modernizing for the future?

Jennifer Paterson — Thu, 13 Jul 2023 13:00:01 +0000

Predictions of the demise of defined benefit pension plans are premature. The reality is DB is still alive and well in the public sector, with a growing number of multi-employer plans making the promise of financial certainty in retirement provided by DB pensions available to private sector employers of all sizes. What’s under threat is […]

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