UPP – Benefits Canada.com

Ontario DB pension plan payouts provide $34.6BN to provincial GDP: report

bwolfe — Wed, 30 Oct 2024 19:00:57 +0000

Defined benefit pension plans support more than one million beneficiaries in Ontario and these benefits provided more than $34.6 billion to the province’s gross domestic product in 2023, according to a new report by the Conference Board of Canada on behalf of the Healthcare of Ontario Pension Plan, the OPSEU Pension Trust and the University […]

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Editorial: Evolution and impact

bwolfe — Fri, 09 Aug 2024 13:00:26 +0000

After several years of development, two long-awaited national health-care initiatives are finally taking shape, raising questions about their impact to employer-sponsored benefits plans. In May, the Canadian Dental Care Plan was officially rolled out, providing dental coverage to Canadians who don’t have access to private dental insurance and whose annual net family income is less […]

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Canadian pension leaders urging sustainability regulator to modify new disclosure guidelines

bmcgovern — Thu, 18 Jul 2024 13:00:01 +0000

In an open letter, leaders from Canada’s biggest pension funds are asking the Canadian Sustainability Standards Board to reconsider a two-year relief period granted to companies around non-climate disclosures. “Where sustainability-related factors are material, they have the potential to present material financial impacts to companies’ performance and is important information for boards and investors,” read […]

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Canada’s missing navigation tool in the push to lower emissions

bmcgovern — Tue, 02 Jul 2024 19:00:10 +0000

It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass. The same could be said of investors trying to navigate where to put the many trillions of dollars that are […]

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UPP keeping plan members engaged, informed with new web portal

lbailey — Mon, 26 Feb 2024 14:00:47 +0000

The University Pension Plan is launching a new web portal to prioritize plan member engagement throughout the year. “Transparency is an important value to our members,” says Joanna Lohrenz, the plan’s chief pension services officer, noting the website will provide members with account details and allow them to update their personal information, run a pension […]

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How investment organizations’ DEI strategies are helping attract, support BIPOC talent

bmcgovern — Thu, 22 Feb 2024 14:00:23 +0000

The issues that lay at the root of the social justice unrest of 2020 haven’t dissipated and four years later, many investment organizations are focusing on building up their internal support networks for employees from the Black, Indigenous and people of colour communities, says Sri Vemuri, senior vice-president and national sales manager at Capital Group Canada. “While […]

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Market share of responsible investing AUM increases to 49% in 2023: report

Jennifer Paterson — Thu, 26 Oct 2023 13:00:10 +0000

The market share of responsible investment assets under management rose slightly in 2022, from 47 per cent to 49 per cent, even as AUM in general decreased, according to the Responsible Investment Association’s annual trends report. The report tracks the national trends and outlook for responsible investing by surveying asset managers, including the Alberta Investment […]

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2023 Risk Management Conference: How UPP is focusing on active investing in its climate action plan

lbailey — Wed, 18 Oct 2023 11:52:16 +0000

During the launch of the University Pension Plan, Barbara Zvan, its president and chief executive officer, knew getting to know the plan’s members was vital to its goal of providing a strong, resilient fund that secured benefits for generations to come. To find out what was important to plan members, the UPP engaged them to find out […]

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University Pension Plan’s assets declined 9.1% in 2022, led by public equities

Gideon Scanlon — Tue, 13 Jun 2023 13:00:19 +0000

The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]

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U of T, Unifor agreement includes retirement gains, gender affirmation coverage

Sadie Janes — Fri, 09 Jun 2023 13:00:29 +0000

The union representing 89 employees at the University of Toronto has ratified a two-year agreement that includes retirement and benefits gains, including gender affirmation coverage. The agreement includes six retiring allowance packages equivalent to two months of base wages for employees who qualify for an unreduced pension in accordance with the University Pension Plan’s provisions. […]

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