The University Pension Plan has selected CIBC Mellon to provide asset servicing, investment operations and plan member services, including custody, institutional accounting, performance and analytics, risk, compliance and pension benefit payment services. The jointly sponsored pension plan, which was launched on July 1, currently covers employees at Queen’s University, the University of Guelph and the University of Toronto, with […]
Representatives from eight of Canada’s largest pension funds — known as the Maple Eight — participated in the first meeting of the Sustainable Finance Action Council last week. On June 11, representatives of the Alberta Investment Management Corp., the British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension […]
For pension plans, consolidation can come with benefits. And around the world, funds are announcing they’re moving forward with plans to merge. In Canada, members of the United Steelworkers locals at the University of Toronto, University of Guelph and Queen’s University voted in June to create a jointly sponsored plan, with the goal of transferring […]
Staff at Queen’s University, the University of Guelph, the University of Toronto and members of the United Steelworkers union have voted in favour of setting up a new multi-employer university plan. The University Pension Plan Ontario is proposed to be a jointly-sponsored plan including six labour groups, three staff unions and three faculty associations from the […]