Canada’s 11 largest pension funds should be able to maintain their current credit ratings through ongoing market turmoil, according to Fitch Ratings Inc. Nevertheless, return expectations are under significant pressure from the economic fallout of the coronavirus pandemic, said the ratings agency in a new report. “Fund performance will depend on asset mix, which is largely […]
As part of a new collective agreement ratified earlier this year, employees at Vopak Terminals of Canada in Hamilton have joined the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement, effective June 1, 2020. “During their working years, CAAT members have less worry about saving for retirement, especially in a volatile investment market,” […]
Workplaces represented by the Ontario Public Service Employees Union are among the latest employers to join the OPSEU Pension Trust’s defined benefit plan, OPTrust Select. “This isn’t just a victory for the new members of OPTrust Select, it’s a victory for nearly a million workers across Ontario who don’t yet have the security of a […]
The Investor Leadership Network is appointing Charles Emond, president and chief executive officer of the Caisse de dépôt et placement du Québec, and Jean Raby, CEO of Natixis Investment Managers, as co-chairs of its CEO council. Raby and Emond are succeeding the founding co-chairs of the council, Ron Mock, former CEO of the Ontario Teachers’ […]
The Investor Leadership Network is appointing Charles Emond, president and chief executive officer of the Caisse de dépôt et placement du Québec, and Jean Raby, CEO of Natixis Investment Managers, as co-chairs of its CEO council. Raby and Emond are succeeding the founding co-chairs of the council, Ron Mock, former CEO of the Ontario Teachers’ Pension Plan, and Michael Sabia, […]
The United Way Greater Toronto introduced a defined benefit pension plan in 1965 and moved to a hybrid plan in 1990. While the DB side was fully paid by the employer, the defined contribution component allowed employees to contribute up to four per cent of their annual salary with a 50 per cent employer match. […]
The OPSEU Pension Trust has published its latest responsible investing report, highlighting a number of initiatives it’s undertaken in the past year. In 2019, the pension fund expanded its holdings in green bonds with a $100-million investment in such issuances from the Ontario government. It also received an A+ rating from the United Nations’ principles […]
The OPSEU Pension Trust has released a responsible investing report, highlighting a number of sustainability initiatives it has undertaken in the past year. In 2019, the pension fund expanded its holdings in green bonds with an $100-million investment in Ontario government green bonds. It also received an A+ rating from the Principles for Responsible Investment […]
The coronavirus crisis is putting new stresses on businesses as they grapple with cash flow and business continuity, but even amid such uncertainty, some employers are still looking to join defined benefit plans. The Colleges of Applied Arts and Technology pension plan is continuing to see interest in its DBplus offering, with the coronavirus crisis […]
Across the country, public pension plans are releasing statements to assure members that their defined benefit pensions are secure and that they’re taking measures to protect the health and safety of their own staff. The Colleges of Applied Arts and Technology pension plan said it regularly tests operations and will continue to make pension payments. […]