Staff

Ontario Teachers’ appointing Mabel Wong as CFO

The Ontario Teachers’ Pension Plan is appointing Mabel Wong as its chief financial officer, effective immediately. She officially enters the role after serving as acting CFO following the departure of Tim Deacon in April. Her responsibilities include financial management and reporting, valuation, risk analytics, financial operations and strategic finance initiatives. Read: Tim Deacon leaving Ontario Teachers’ for Sun Life […]

  • August 19, 2024 August 19, 2024
  • 15:00

CPPIB invests $1.2BN in energy operator, considers €300M sale of debt portfolio in Spain

The Canada Pension Plan Investment Board is investing approximately $1.2 billion in energy infrastructure firm Tallgrass Energy. The Denver-based company manages more than 10,000 miles of pipeline assets across 14 U.S. states and is also engaged in initiatives aligned with energy transition efforts. Read: Caisse invests $200 million in Quebec-based apparel firm, CPPIB buys energy […]

  • August 16, 2024 August 16, 2024
  • 14:00

Caisse returns 4.2% in first half of 2024, underperforming benchmark

The Caisse de dépôt et placement du Québec returned 4.2 per cent in the first half of 2024, underperforming its benchmark of 4.6 per cent. As at June 30, 2024, the Caisse’s net assets totalled $452 billion. Its average annualized returns over five and 10 years were six per cent and 7.1 per cent, respectively. […]

  • August 16, 2024 August 15, 2024
  • 09:00

CAP member outcomes continue to increase in Q2 2024: report

Capital accumulation plan members continued to see an uptick in their plan outcome for the second quarter of 2024, as gross income replacement ratios remained at multi-year highs, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of June 2024 achieved […]

  • August 14, 2024 August 14, 2024
  • 15:00

Alberta officials advised against releasing CPP exit survey results: report

Alberta’s finance and treasury board warned against releasing the official results from a government survey evaluating the interest in a new potential pension plan, according to a report by the Edmonton Journal. The survey, launched on Sept. 21, 2023, coincided with the release of a report by LifeWorks Inc. (now part of Telus Health) that argued […]

  • August 14, 2024 August 16, 2024
  • 15:00

Caisse, OMERS commit US$400M to emerging market energy transition debt

The Caisse de dépôt et placement du Québec and the Ontario Municipal Employees’ Retirement System are investing US$400 million in emerging market energy transition debt. The new investment commitment, which also includes Ninety One Ltd., the U.K.’s Legal and General Investment Management and the Wiltshire Pension Fund, will focus energy transition efforts across emerging markets, […]

  • August 13, 2024 August 13, 2024
  • 15:00

Canadian pension plans facing unexpected taxes in EU countries: PIAC

Canadian pension plans are facing unforeseen taxation of dividends in European Union countries like Germany and the Netherlands, said the Pension Investment Association of Canada. In an open letter, the PIAC said its members have endured a discriminatory dividend taxation relative to settled European tax law and the free movement of capital within the EU […]

  • August 13, 2024 August 12, 2024
  • 09:00

Only a quarter of Canadian employees say their employer offers summer perks: survey

Only a quarter (24 per cent) of Canadian employees say their employer offers seasonal perks during the summer, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 workers, found the most common summer benefits include flexible summer hours (48 per cent), reduced work hours (39 per cent), casual dress […]

  • August 12, 2024 August 12, 2024
  • 15:00

OMERS acquires Italian railway station operator, CPPIB selling office asset for US$264M

The Ontario Municipal Employees’ Retirement System’s infrastructure arm is partnering with an infrastructure investment fund managed and advised by DWS Group to acquire Italy-based Grandi Stazioni Retail. The operator manages the commercial and advertising spaces in 14 of the country’s major railway stations and hubs for its high-speed rail network. The financial details of the […]

  • August 12, 2024 August 9, 2024
  • 09:00

Survey finds future U.S. employees value health benefits, work-life balance

The next generation of U.S. workers say health benefits (72 per cent), paid time off (63 per cent) and flexible schedules (61 per cent) are the most valuable forms of compensation that an employer can offer, according to a new survey by the National Society of High School Scholars. The survey, which polled more than […]

  • August 8, 2024 August 9, 2024
  • 15:00