If the federal government scraps its rule restricting Canadian pension funds from holding more than 30 per cent of the voting shares of investee corporations, pension plan sponsors and other investment organizations could increase their holdings in high-performing assets, have greater oversight and accountability of their assets and see a decrease in fees for private equity, according […]
In its 2023 fall economic statement, the federal government said it will consider removing the rule that restricts Canadian pension funds from holding more than 30 per cent of the voting shares of most corporations. The move is part of an effort “to create an environment that encourages and identifies more opportunities for investments in […]
The Caisse de dépôt et placement du Québec is investing $200 million in a Swedish company developing and manufacturing lithium-ion batteries for electric vehicles. The new funding, via convertible debt, will help finance the development of a planned multi-billion dollar EV battery plant in Quebec. In August, the Canada Pension Plan Investment Board, the Investment Management […]
An article on how the Royal Bank of Canada is marking Financial Literacy Month was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. RBC educating employees, reducing stigma around money matters through financial wellness hub 2. CPPIB returns 0.1% in Q2 2024, led by credit, private […]
Contributions to British Columbia-based defined benefit and defined contribution pension plans increased by 10 per cent in 2022, while contributions to target-benefit plans increased by 9.4 per cent, according to the B.C. Financial Services Authority’s annual pensions report. The report, which analyzed data from more than 600 pension plans, found overall plan membership increased by […]
By the time Nick Chamie graduated with his first degree in economics in 1992, the Berlin Wall had already fallen and the Soviet Union had ceased to exist. Still, Chamie — now the chief strategist and senior managing director at the Investment Management Corp. of Ontario — explains that, as he began making his way in the […]
The Ontario Teachers’ Pension Plan is investing $80 million in logistics service provider Xpressbees. The Indian packaging and shipping company, which offers its services across the country, is using cutting edge technology to advance its business, according to a press release. “India is a critical market for our [Teachers’ Venture Growth] Asia strategy, where we […]
As Alberta considers exiting the Canada Pension Plan, the head of the Canada Pension Plan Investment Board visited Calgary on Tuesday to warn against losing its benefits. John Graham, chief executive officer of the CPPIB, made the pitch to a business crowd at a luncheon event. In his speech, he said there’s a strong business […]
The Canada Pension Plan Investment Board is selling a portfolio of fund interests in 20 limited partnership buyout funds in a deal worth $2 billion. The assets, which are based in North America and Europe, will be sold to French-based private investment firm Ardian. “As a systematic buyer and seller in the secondaries market, we […]
Environmental, social and governance considerations have gained traction in recent years with nearly 75 per cent of global asset managers saying they have an ESG policy and an equal percentage incorporating ESG considerations across their investment platforms, according to a new survey by investment consulting firm Callan. The inaugural study, which polled more than 1,200 […]