CPP expansion fight to continue
While an attempt to enhance the Canada Pension Plan was stopped earlier this week, supporters of an expansion aren’t giving up.
- December 19, 2013 September 13, 2019
- 11:25
While an attempt to enhance the Canada Pension Plan was stopped earlier this week, supporters of an expansion aren’t giving up.
Canada’s finance ministers met in Meech Lake, Que., on Sunday and Monday but were unable to come to an agreement regarding an enhancement to the Canada Pension Plan (CPP). “There was no consensus today on expanding CPP,” said Minister of State for Finance Kevin Sorenson. He added that families and the economy can’t afford a […]
DB and DC plans should be more similar, according to Jim Leech, Ontario Teachers’ Pension Plan president and CEO.
It’s been five years since Lehman Brothers filed for bankruptcy, which sped up the severity of the financial crisis and sent markets into a tailspin. Canada’s Top 40 money managers are trying to help pension plan sponsors adjust to a new environment.
Expanding the Canada Pension Plan will help address the continuing decline of workplace pensions, said the national president of the Canadian Union of Public Employees.
The Association of Canadian Pension Management says a new funding model must be developed to preserve single-employer DB plans.
Shortly after the Ontario Teachers’ Pension Plan (Teachers’) sold its majority stake in Maple Leaf Sports and Entertainment (MLSE) to Rogers—owner of Benefits Canada—and BCE, Jim Leech’s six-year-old grandson told him he was a “cold-hearted fiduciary.”
Even though some stock markets have hit new highs recently, there is still some upside potential.
OMERS sold shares in a number of retailers at the end of the third quarter, according to a 13F filing with the Securities and Exchange Commission.
The Ontario Teachers’ Pension Plan built up positions in some insurance companies and reduced holdings in a number of energy and materials firms in the third quarter.