Irshaad Ahmad is now serving as Canada Post Corp.’s chief investment officer and vice-president of the Crown corporation’s pension fund. He joined Canada Post in February and brings more than 30 years of investment experience to the role, after serving as managing director and head of institutional Europe at Allianz Global Investors. Prior to that, […]
Canadian pension funds are seeing significant cost savings from in-house asset management but are still relying on external managers, according to a new survey from CIBC Mellon. It found among funds that have taken asset management in-house, 66 per cent said they achieved savings. Of those, 91 per cent reported more than 10 per cent […]
Two unions representing nearly 1,000 employees of Sanofi Canada are joining the Colleges of Applied Arts and Technology’s DBplus pension plan. Both Unifor Local 1701 and the International Union of Operating Engineers Local 772 will join the plan effective April 1, according to a press release, which noted the company is joining the multi-employer plan […]
Canada’s pension funds are shifting asset management functions in-house while becoming more strategic about oversight of external managers, according to a new survey from CIBC Mellon. It found pension funds are increasing the portion of assets and investment activities managed in-house to 28 per cent from 22 per cent, with the majority of pension funds […]
Pension plans in Canada now factor environmental, social and governance monitoring in their investment process, and in the absence of national guidance, plan managers are using various tools and methods to analyze ESG risk, noted panelists of a roundtable recently hosted by The Association of Canadian Pension Management. “Considering ESG requires a balance of the investment […]
Mercer Canada is appointing Geoffrey Melbourne as partner and wealth Canada growth leader and Neil Lloyd as Western Canada wealth leader. Melbourne (pictured left) has over 25 years of experience as a seasoned actuary, retirement consultant and client relationship manager. He joins Mercer after nearly 15 years in retirement consulting at a leading global advisory, […]
The Association of Canadian Pension Management is calling on the federal government to implement two measures to assist in identifying deceased pension plan beneficiaries and in recovering overpaid amounts. In its letter to the department of Finance Canada, the ACPM requested that plan administrators be permitted to recover tax withheld at source through a credit […]
The Canada Life Assurance Co. is absorbing the Toronto-Dominion Bank’s TD Future Builders retirement savings plan program members as of March 19. “We believe Canada Life will deliver a strong group retirement and savings experience that supports the needs of TD Future Builder business customers and their employees, while allowing [Toronto-Dominion Asset Management Inc.] to focus […]
Many employees in the non-profit sector dedicate their lives to helping others. In 2008, a new pension plan was launched to help provide them with a lifetime benefit upon retirement. Michel Lizée, now an independent trustee and pension committee secretary for the Régime de retraite des groupes communautaires et de femmes — or the Community […]
Ontario’s pension plan administrators and plan members share the responsibility of maintaining current contact information, according to the Financial Services Regulatory Authority of Ontario’s final guidance on missing plan members. It recommended administrators maintain a records management system and retention schedules that support long-term administration of the pension plan and to exercise care and diligence […]