Stewardship guidelines are helping institutional investors address climate risks and safeguard their investment in the long run, says Brian Minns, managing director of responsible investing at the University Pension Plan of Ontario. “We need stewardship as [a way of] protecting the investments that we have and trying to enhance their value over time for our beneficiaries. […]
The Investment Management Corp. of Ontario believes an increasingly icy dynamic between the U.S. and China could lead to heightened volatility for institutional investors this year, says Nick Chamie, the IMCO’s chief strategist and senior managing director of total portfolio and capital markets. “If we’re no longer zeroing in on maximizing economic efficiency, we’re no longer […]
With the Muslim population steadily growing in Canada, employers that offer defined contribution pension plans can avoid unintentionally creating a pension gap by providing these members with access to retirement savings solutions that align with their faith. Under Shariah law, Muslims can’t hold investments that would bring social or environmental harm, such as shares in […]
The Alberta Teachers’ Association says it’s taking legal action against a ministerial order enacted on several pension plans in the province in late December. In a press release, the association said its provincial executive council voted unanimously this week to file a lawsuit, acting on legal advice that identified an avenue for a challenge to […]
Alberta’s public-sector pension plans are reassuring members that their pensions are safe, following a recent ministerial order enacted by the provincial government. The order was enacted in late December by Alberta Finance Minister Travis Toews after 2020 deadlines for investment management agreements between the pensions and the Alberta Investment Management Corp. passed with no result. […]
The Canadian Investment Review’s Risk Management Award will go to a pension plan that has successfully implemented a robust approach to its risk management function. This can include implementing de-risking or re-risking or it can showcase day-to-day processes in place for risk management in pension plan investments. Highlights about the three finalists are available below: […]
The Canadian Investment Review’s Investment Governance Award will go to a pension plan that has implemented improvements at the board, governance and/or policy level to improve outcomes for pension plan members and create greater efficiency. Highlights about the three finalists are available below: Desjardins Group Pension Plan The Desjardins Group Pension Plan has over $16 […]
In just a few short years, Concordia University’s pension plan has transformed its governance model and investment approach. Before the financial crisis, the university’s plan, like many plans, had its assets in a 60/40 mix, said Marc Gauthier, Concordia’s treasurer and investment officer. Yet, in the financial crisis, its funding ratio went from 101 per […]