Ontario plan building offices, restaurants near Toronto airport.
The Healthcare of Ontario Pension Plan (HOOPP) has acquired 33 acres in Mississauga’s Airport Corporate Centre business park, where it plans to construct a $300-million office space and retail complex.
Jim Keohane has been appointed president and CEO of the Healthcare of Ontario Pension Plan (HOOPP). Keohane will assume the duties at the beginning of 2012, following current CEO John Crocker’s planned December retirement. Keohane, currently HOOPP’s CIO and senior vice-president of investments, has led the pension plan’s transition to the adoption of a liability […]
Keohane steps into role as Crocker retires.
The Healthcare of Ontario Pension Plan (HOOPP), in partnership with European real estate investment firm Meyer Bergman, has purchased two shopping malls in the Czech Republic for approximately $402 million (€290 million). The New Karolina mall, located in Ostrava, has 58,000 square metres of leasable shopping area, while the Forum Usti, with 27,000 square metres […]
Canadian pension plans hold 5% of the globe’s pension fund assets—the fourth largest share in the world—according to a recent study by Towers Watson and Pensions & Investments. The survey of the world’s 300 largest pension funds found the U.S. remains the country with the largest share of assets at 34%, although this has declined […]
There have been many negative headlines around the world about DB pension plans. Some DB plans are facing severe funding problems and, in some countries, governments have stepped in and “frozen” DB plans to new entrants. Critics say DB plans are too expensive for single employers to operate; others feel public sector employees should get […]
Other plans might be increasing member contribution rates but the Healthcare of Ontario Pension Plan (HOOPP) board of trustees says HOOPP won’t be one of them. Member and employer contribution rates will remain stable in 2013. “Stability is an important objective for HOOPP,” says the plan’s president and CEO John Crocker. “HOOPP’s fully funded status […]
Coverage of the Canada Cup of Investment Management
The shift from DB to DC plans has done nothing to address Canada’s retirement funding crisis, aside from insulating plan sponsors from the risks of underfunding. Because there are no benchmarks for a DC plan, the concept of “underfunding” has lost meaning to all but the plan members, who risk underfunding their retirement needs. That’s […]