Pension fund investors should refrain from taking a reactive approach to the recent credit crunch or trying to make short-term adjustments to their portfolios to take advantage of the crisis, according to one expert. “The market’s response to chaos is much quicker than [pension] plans’ formal governance structure can react,” said Bruce Curwood, director of […]
Colin Ripsman, who joined Fidelity Investments as vice-president retirement services in January, has parted ways with the company. Ripsman joined Fidelity from Mercer Investment Consulting, where he started working in 1991, most recently as national partner, senior investment consultant and global head of DC consulting. To read Colin Ripsman leaves Mercer for Fidelity, click here. […]
For this year’s Top 40 Money Managers report, we brought together senior representatives from a number of money management firms in a “virtual roundtable” to discuss the issues and trends facing Canada’s largest pension asset managers. We’re pleased to present all of the dialogue below. Participants: Roger J. Beauchemin, President and Chief Operating Officer, McLean […]
Booming economies, rising commodity prices, unprecedented unemployment rates. What more could Canada’s Western provinces ask for? Maybe more workers. Just like Lucy Ricardo after one of her trademark misadventures in the classic ’50s sitcom, I Love Lucy, there are more than a few players in the financial industry who “have some splainin to do.” First, […]
The chair of the Pension Investment Association of Canada, Terri Troy, discusses the organization’s achievements since its creation 30 years ago and the challenges that lie ahead for Canadian pension funds. What has been PIAC’s greatest accomplishment over the past 30 years? Our members are at the heart of everything we do, our most important […]
The federal government has no plans to intervene in the current proceedings to fix Canada’s third-party asset-backed commercial paper(ABCP)problem, according to Finance Minister Jim Flaherty. A committee chaired by business veteran, Purdy Crawford, was formed in September to oversee the restructuring process of approximately $35 billion in non-bank-backed ABCP. The committee includes investors who were […]
A new magazine for a new era in workplace health. Welcome to the first issue of Working Well, a magazine dedicated to improving workplace health in Canada. Ten years ago, a magazine focused solely on the well-being of this country’s workforce would probably have been a hard sell. While some employers were talking about and […]
Booming economies, rising commodity prices, unprecedented unemployment rates. What more could Canada’s Western provinces ask for? Maybe more workers. Last month, I had the fortune of attending a conference in Vancouver, one of my favourite cities. As usual, I made a point of taking a walk through Stanley Park. As I strolled along the seawall […]
In early 2008, Alberta Finance will move its investment management operations—approximately $70 billion in assets, including a number of public sector pension plans—to a newly formed provincial corporation. The former head of TD Bank discusses his role as the first chair of Alberta Investment Management Corp.(AIMCo). Tell me more about the new corporation. What was […]
Canadian regulators and plan sponsors can look to the U.S. for ways to solve many of their capital accumulation plan(CAP)challenges, according to panelists at the ACPM National Conference taking place this week in Charlottetown. As defined contribution(DC)pension plans have evolved from a supplemental savings vehicle to the primary employer-sponsored retirement plan in the U.S., plan […]