Some private equity investments make a good fit for pension funds, said Howard E. Johnson, president of Veracap Corporate Finance Ltd., earlier today. Speaking to the Economic Club of Toronto this morning, he said unlike private equity firms, pension funds are looking for strong, stable returns over a long period of time. “Pension funds are […]
Some of Canada’s largest pension funds have another competitor in their quest to take BCE private now that Telus has entered into discussions to acquire its rival. “Telus believes the combination of the two businesses would represent a compelling strategic and financial opportunity for all BCE and Telus stakeholders,” says Darren Entwistle, president and CEO […]
Automatic enrollment accounts are gaining in popularity and may soon become the norm for defined contribution(DC)plans, according to a recent survey by the Employee Benefit Research Institute(EBRI)and Mercer Human Resource Consulting. The survey found that 66% of organizations have already adopted auto enrollment or are currently adding this feature. The adoption rate is lowest among […]
Institutional investors are more confident this month, according to the State Street Investor Confidence Index. Global investor confidence rose by 5.1 points to 97.2 from May’s revised reading of 92.1. “Looking regionally, it is North American institutional investors who are displaying the most enthusiasm,” says State Street Associates director Paul O’Connell. “European investors have followed […]
The independent investigator appointed by the federal government to examine matters related to the RCMP pension and insurance plans called for an immediate and comprehensive review of the governance structure and culture of the RCMP in his report. “What happened in the administration of the RCMP pension and insurance plans constituted a fundamental breach of […]
The Canada Pension Plan Investment Board(CPPIB)has made approaches to certain Auckland International Airport Limited(AIAL)shareholders about purchasing their shares in advance of a possible intention to launch a takeover, says an AIAL news release. “The directors of AIAL understand that those approaches have been rejected by the shareholders concerned,” the release says. “The AIAL directors also […]
Canada’s labour force will continue growing, but the overall participation rate will fall sharply during the next quarter century in the wake of the retirement of millions of baby boomers and the country’s low fertility rate, according to a Statistics Canada report. It says there will be significantly fewer workers per retiree in 25 years […]
The market value of trusteed pension fund assets ended 2006 with a surge to $915 billion, according to Statistics Canada. Fund assets, which declined 2.1% earlier in 2006, rebounded 7% in the final three months. Year-end fund values have increased steadily since bottoming out at $532 billion in the first quarter of 2003. On a […]
Only one in three Canadians expecting to retire in 2030 are saving enough for a comfortable retirement, says a study sponsored by the Canadian Institute of Actuaries. The study—Planning For Retirement: Are Canadians Saving Enough?—developed a total of 72 household profiles to assess whether those born in the early to mid-1960s are putting enough savings […]
Employers who sponsor defined benefit(DB)plans should help teach their employees about the benefits of the plan, said Mark Fuller, executive vice president and chief operating officer of the Ontario Pension Board. Speaking at the sixth annual Canada Cup of Investment Management yesterday, he said DB members have a low understanding and appreciation of their plans […]