The Canadian Investment Review is proud to announce the winners of the second annual Pension Leadership Awards. The winners are: Chief Investment Officer of the Year James Davis, chief investment officer, the OPSEU Pension Trust Sustainable Investing Award The British Columbia Investment Management Corp., accepted by Adam Goehner (pictured) senior manager of ESG strategy and risk at the […]
Directors, trustees and investment managers at Canada’s largest public pension funds are deeply involved in the fossil fuel sector, according to a new report by Shift Action for Pension Wealth and Planet Health. It found 56 staff members from the largest public sector pension plans hold 76 different corporate director roles at 39 different fossil […]
The Ontario Teachers’ Pension Plan’s private equity arm is leading an investment round for a European health-care benefits provider. Teachers’ Venture Growth was the lead investor in a €183-million funding round for Alan, which provides companies with a range of health-care services, including health insurance. Its clients are based in Belgium, France and Spain. Following […]
By underestimating life expectancy, employees risk running out of money in retirement, according to a new survey by analytics firm Club Vita. The survey, which polled 3,000 respondents in Canada, the U.K. and the U.S., found on average, people underestimated their life expectancy by 4.7 years. Women underestimated their longevity by an average of 6.1 […]
Alberta’s government is proposing an amendment to provincial labour legislation that would extend bereavement leave to parents who’ve experienced a miscarriage or stillbirth. The proposed amendments would expand access to any employee who would’ve been a parent, including biological parents, adoptive parents and surrogates, according to a press release. While employees won’t be required to […]
The Pension Investment Association of Canada is urging the federal government to allow for tax-free mergers of maturing target-date funds. In a letter to the Department of Finance Canada, the PIAC said current tax rules don’t permit tax-free mergers of a target-date fund series into a terminal fund — where a target-date fund provider will […]
The Caisse de dépôt et placement du Québec is securing a share in a holding company consolidating two European high-speed rail companies. Alongside a group of other institutional investors, the Caisse will own a 19.31 per cent share in the Eurostar Group, a holding company that will control both Eurostar Ltd and THI Factory, which […]
The Nova Scotia Teachers’ Pension Plan exceeded its return benchmark in 2021, though its solvency ratio on a growing-concern basis remains underwater, according to its annual report. The defined benefit pension plan’s assets grew by 6.1 per cent last year, reaching $5.856 billion. Net investment returns, however, grew by 9.63 per cent, slightly higher than […]
The percentage of U.S. employers offering new or additional voluntary benefits increased by 41 per cent during the 2022 enrolment period, according to a new survey by Aon. The survey attributed this growth to employers’ talent retention and attraction strategies, as well as employee demand for supplemental health insurance products during the coronavirus pandemic. The […]
While almost two-thirds (67%) of employees agree their leader effectively supports their mental health, there are still some key areas where they feel their leaders are lacking, according to a new survey commissioned by Workplace Strategies for Mental Health complements of Canada Life Assurance Co. and conducted by Mental Health Research Canada. The survey, which […]