The Caisse de dépôt et placement du Québec is selling 2.5 million shares in Intact Financial Corp. for a gross price of $278.60 per share. The transaction is expected to produce gross cash proceeds of roughly $696,500,000 from the offering. Overall, the deal represents 1.4 per cent of the issued and outstanding common shares in […]
An article on incoming changes to Alberta-based employers’ workplace violence and harassment policies was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What Alberta-based employers need to know about incoming workplace violence, harassment policy changes 2. Gen Z, […]
The Canada Pension Plan Investment Board is selling a 49 per cent stake in a portfolio of China real estate projects for nearly $235 million. The assets are part of a joint venture with Chinese real estate company Longfor Group Holdings Ltd. and are being sold to an affiliate of Dajia Insurance Group Co. Ltd. The portfolio […]
The Canadian Sustainability Standards Board has released its sustainability disclosure standards that align with global sustainability disclosure guidelines, while addressing specific Canadian circumstances. The framework includes general requirements for disclosure of sustainability-related financial information (CSDS 1) and climate-related disclosures (CSDS 2). Ten of Canada’s largest pension plan sponsors and investment managers, representing more than $2.25 […]
An independent review of the Ontario Municipal Employees’ Retirement System will examine the unique governance structure of the investment organization. The current structure of the investment organization designates two separate entities with different duties and responsibilities, notes Jordan Fremont, a partner in the pensions and benefits group at Stikeman Elliott LLP. The OMERS Sponsors Corporation […]
The Canada Pension Plan Investment Board is selling a portion of its stake in a real estate joint venture to its partner Unibail-Rodamco-Westfield SE. The investment organization’s partner is buying a 38.9 per cent stake in an off-market transaction, which will bring up its ownership stake to 89.9 per cent. According to a press release, […]
The Ontario Municipal Employees’ Retirement System is reporting inflation adjustment of 2.61 per cent, providing plan members with full inflation protection in 2025. The adjustment is calculated at 100 per cent of the percentage increase in the 12-month average consumer price index for the period ending in October over the average for the same period […]
The Healthcare of Ontario Pension Plan is appointing Annesley Wallace as president and chief executive officer, effective April 1, 2025. She succeeds Jeff Wendling, who announced his retirement in September and has served as CEO since 2020. Read: HOOPP’s Jeff Wendling retiring in 2025 Wallace is currently the executive vice-president of strategy and corporate development […]
The Ontario Teachers’ Pension Plan is appointing Kevin Kerr as executive managing director of its new portfolio solutions department, effective immediately. The department will integrate value creation and portfolio management capabilities from across the Ontario Teachers’ private asset groups, according to a press release, noting Kerr and his team will be accountable for monitoring and […]
The Canada Pension Plan Investment Board is investing £500 million in a new U.K.-based single-family rental housing joint venture. The initial allocation will give the investment organization a 90 per cent stake in the venture, while its partner, global real estate investment company Kennedy Wilson Holdings Inc., will hold a 10 per cent ownership stake […]