LAPP – Benefits Canada.com

Canadian pension plans named as passive beneficiaries of China’s crimes against humanity: report

Gideon Scanlon — Tue, 22 Nov 2022 17:00:06 +0000

Nine Canadian public sector pension plans are passively invested in companies with evidenced involvement in the persecution of Uyghurs in China, according to a new report by U.K. think tank Hong Kong Watch. The report includes three federal and six provincial pension investment organizations — among more than 30 global institutional investors — as passive investors […]

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Union urging AIMCo to adopt path toward net-zero investment strategy

lbailey — Wed, 15 Dec 2021 14:00:46 +0000

The Alberta Union of Provincial Employees is calling on the Alberta Investment Management Corp. to “quantify the climate risks of its investments and adopt a path to net zero.” The AUPE’s call for action was one of three environmental resolutions for which the union’s membership voted in favour during its annual convention held earlier this […]

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Alberta’s LAPP ending coordination option due to pension member confusion

mschmit — Thu, 29 Oct 2020 03:12:48 +0000

Alberta’s Local Authorities Pension Plan is cancelling its coordination option, citing regret and confusion from plan members who mistakenly accessed the feature without fully understanding the financial implications. According to a statement by the LAPP, coordination will be discontinued for members who start their pension on or after Jan. 1, 2021. It noted the option’s […]

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What will coronavirus mean for pension investors in the long term?

mschmit — Mon, 14 Sep 2020 04:41:57 +0000

Real estate, a long-time stable, returns-generating asset class for pension plans, may no longer be as solid due to the impact of the coronavirus pandemic. “A pretty traditional asset class for pension plans may have been in office and retail, but one of the changes that’s happened is [the move to] remote working,” said Barbara […]

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How have Canada’s DB pensions changed over the last decade?

mschmit — Thu, 20 Aug 2020 05:30:54 +0000

Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]

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Alberta’s Local Authorities Pension Plan gains independence

mschmit — Mon, 04 Mar 2019 08:20:56 +0000

On March 1, 2019, Alberta’s Local Authorities Pension Plan gained independence from the government by becoming a jointly sponsored pension plan. “The history of LAPP is that the Minister of Finance of the province of Alberta has historically been the trustee of the pension fund and the administrator of the plan, and this new legislation […]

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