The Canada Pension Plan Investment Board is increasing its stake in a French airport operator. The investment organization is acquiring a 1.59 per cent share of Aéroports de Paris from the Royal Schiphol Group. The move will grow the CPPIB’s total ownership stake in ADP to about 5.64 per cent. ADP owns and operates three […]
The University Pension Plan is appointing Brian Gill as its chief technology officer. In the new role, Gill will oversee the teams responsible for the UPP’s strategic initiatives, technology infrastructure, data analytics and business intelligence. He’ll also be involved in shaping the organization’s strategic and operational direction by providing input on a wide spectrum of […]
Nearly two-thirds (62 per cent) of Canadian pre-retirees say the rising cost of living is preventing them from retiring when they’d like to, up from 56 per cent in 2021, according to a new survey by Fidelity Canada. The survey, which polled more than 1,900 Canadians aged 45 and older, found 55 per cent said […]
More than two-thirds (68 per cent) of U.S. employees say they’re more likely to stay longer at their current job if their employer offers financial wellness benefits, according to a new survey by software platform TalentLMS. The survey, which polled 1,000 employees, found 73 per cent said their employer offers financial wellness benefits. The top […]
The Canadian Federation of Pensioners is taking issue with some of the Alberta government’s proposed legislative and policy updates for private sector pension laws, including a focus on transferring pension risk from plan sponsors to plan members. In its response to the provincial regulator’s consultation draft, the CFP said transferring this risk would be a significant […]
The Canada Pension Plan Investment Board’s assets returned 0.2 per cent during the second quarter of fiscal 2023, according to its latest quarterly report. By Sept. 30, 2022, the investment organization’s net assets reached $529 billion, up from $523 billion at the end of June. About $5 billion was generated by net transfers, while the […]
Capital accumulation plan member outcomes saw modest increases in the third quarter, due to high annuity rates that shielded members from modest investment market declines, according to a new report by Eckler Ltd. It found a typical male member retiring at the end of September achieved a gross income replacement ratio of 60.3 per cent […]
Nearly half (47 per cent) of U.S. employees say they’d like to receive more recognition for their work, while 21 per cent say they’re never recognized for their efforts, according to a new survey by Eagle Hill Consulting. The survey, which polled more than 1,300 employees, found when employees’ work is recognized, they’re more likely […]
The Ontario Teachers’ Pension Plan is facing losses from an investment in a cryptocurrency exchange that filed for bankruptcy on Nov. 11. The pension fund invested a total of US$95 million in FTX International, a Bahamas-based exchange, which was valued at US$32 billion in 2021. In October 2021, the Ontario Teachers’ invested US$75 million in FTX, followed by […]
The Public Sector Pension Investment Board is revealing details about its responsible investment strategy in a new report. PSP Investment’s responsible investment report highlights its efforts to integrate material environmental, social and governance factors into its investment process. It also includes a climate-related financial disclosure based on the recommendations of the task force on climate-related […]