Valiant Trust Company has announced the introduction of a new employee incentive plan recordkeeping system. It will provide improved functionality and efficiency to existing and new clients at prices affordable to small- and medium-sized companies. The new plans recordkeeping system will accommodate most common employee incentive plan types including share purchase, share options, restricted shares, […]
There are three interesting characteristics that make infrastructure a compelling investment for investors, said Frank Belvedere yesterday at the sixth annual Canada Cup of Investment Management in Toronto. The first, he said, is long-duration assets, which are very much aligned with pension liabilities. The second is relatively high cash flows that also have a high […]
There are unique challenges when it comes to pension plans in Canada and plan sponsors will face many more in the future, said participants at the sixth annual Canada Cup of Investment Management in Toronto earlier today. John Poos, Nortel Networks’ director of global pensions said the recent proposed changes in Canadian accounting rules—where pension […]
BetaPro Management launched two new exchange traded funds—the Horizons BetaPro S&P/TSX Capped Financials Bull Plus ETF and the Horizons BetaPro Capped Financials Bear Plus ETF—yesterday. They are the first exchange traded funds in the country to offer inverse and magnified exposure to the S&P/TSX Capped Financials Index. The Horizons BetaPro S&P/TSX Capped Financials Bull Plus […]
The Canada Pension Plan Investment Board(CPPIB)takes a total portfolio approach to investing, according to the firm’s director of capital markets, Daniel Chiu. Speaking at the sixth annual Canada Cup of Investment Management in Toronto earlier today, he said the approach focuses on risk/return characteristics of investments rather than traditional asset class labels. The near-term asset-mix […]
Onex has joined the consortium which includes Canada Pension Plan Investment Board, the Caisse de dépôt et placement du Québec, and Kohlberg Kravis Roberts & Co. that’s bidding for BCE. “The addition of Onex strengthens our Canadian-led consortium as it remains focused on the due diligence process for the potential acquisition of an important Canadian […]
The Ontario Court of Appeal’s decision to overturn the Divisional Court’s decision in Nolan v. Superintendent of Financial Services(otherwise known as Kerry)earlier this week resolves some key questions for defined benefit(DB)plan sponsors. Paul Timmins, a senior consultant with Watson Wyatt in Toronto says it’s now clear that in many or most circumstances if you have […]
The Ontario Teachers’ Pension Plan has completed its purchase of the New York Container Terminal on Staten Island, New York. The facility is the last of four marine container terminals to be purchased by the plan from Hong Kong’s Orient Overseas(International)Ltd. for US$2.4 billion. Earlier this year, Teachers’ completed its acquisition of Global Terminal and […]
A survey conducted by Benefits Canada found that 55% of 30-year-olds would rather have more pay than flexibility with their work schedule. We surveyed 500 30-year-olds across the country to get their opinions on work life, retirement, pensions and benefits. These fascinating results appear in the 30th anniversary issue of Benefits Canada, which has just […]
Despite the expressed need of employing liability driven investing(LDI)strategies, Canadian plan sponsors are lagging behind their global counterparts in using such an approach, says a poll by SEI. A total of 21% of Canadian respondents said they are currently employing an LDI strategy and only an additional 7% said they will be this year. Globally, […]