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British PM calling on domestic institutional investors to be more like Canadian pension funds

In an open letter, British Prime Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak are calling on the U.K.’s institutional investors to follow the lead of Canadian and Australian pension funds by making more long-term, illiquid investments. “Currently global investors, including pension funds from Canada and Australia, are benefitting from the opportunities that U.K. […]

  • August 9, 2021 August 9, 2021
  • 15:00

59% of expat employees want employers to prioritize physical well-being: survey

More than half (59 per cent) of expatriate employees want employers to prioritize physical well-being when constructing or choosing health-care packages and benefits, according to a new survey by Aetna Inc. The survey, which polled 1,000 expats from Germany, Mexico, Singapore and the United Arab Emirates, also found that those with children aged 16 and under favoured […]

  • August 9, 2021 August 9, 2021
  • 09:15

Ontario Teachers’ appointing Sharon Chilcott as inaugural chief of staff

The Ontario Teachers’ Pension Plan is appointing Sharon Chilcott as its inaugural chief of staff. Chilcott, who now serves as a managing director and associate general counsel, will take up the newly created executive position position on Sept. 1. In the role, she’ll report to the Ontario Teachers’ president and chief executive officer and will be […]

  • August 5, 2021 August 4, 2021
  • 11:00

Ontario DB pension plan average funded ratio reaches 106%: report

More than two-thirds (69 per cent) of registered defined benefit pensions plans in Ontario have solvency ratios above 100 per cent, according to the Financial Services Regulatory Authority of Ontario’s second quarterly update. The report found average funded ratios were up for the fifth consecutive quarter, with the median funded ratio reaching 106 per cent […]

  • August 4, 2021 August 5, 2021
  • 12:00

BCI sells blinds company, Caisse joins education tech funding round, PSP invests in London office space

The British Columbia Investment Management Corp. is selling its interest in a window covering company. The BCI and its co-owner AEA Investors Ltd. signed a definitive agreement to sell Springs Window Fashions to Clearlake Capital Group. Under the terms of the deal, Springs’ chief executive Eric Jungbluth will continue to lead the company following the transfer of […]

  • August 4, 2021 August 5, 2021
  • 12:00

OMERS invests in European medical infrastructure, hydrogen power, CPPIB in Latin American logistics fund

The Ontario Municipal Employees Retirement System is a part owner of a European medical diagnostics supply business. The OMERS has acquired 37.5 per cent of the Germany-based Amedes Group from Antin Infrastructure Partners. The investment is the Ontario-based plan’s fourth infrastructure investment in Germany. The Amedes Group, which specializes in medical testing, operates more than […]

  • August 3, 2021 August 3, 2021
  • 13:00

Canadian equities buoy DB pension’s Q2 returns: report

Canadian defined benefit pension plans returned 4.4 per cent in the second quarter of 2021, according to RBC Investor & Treasury Services’ latest all-plan universe. The report found average Canadian DB pension plan returns grew by 0.9 percentage points over the previous quarter, from 3.5 per cent to 4.4 per cent. It also noted the […]

  • August 3, 2021 August 3, 2021
  • 12:00

Institutional investors signed onto PRI outperformed non-signatories over five years: report

Institutional investors that are signed onto the United Nations’ principles for responsible investment had a higher five-year average net return compared to non-signatories, according to a report by CEM Benchmarking Inc. The benchmarking consultancy, which studied the net returns of 42 signatories participating in its database for five consecutive years ending in 2018, found that […]

  • August 2, 2021 August 3, 2021
  • 09:00

CPPIB appointing Suyi Kim as global head of private equity

The Canadian Pension Plan Board is appointing Suyi Kim as senior managing director and global head of private equity, effective September 15. In the new role, Kim will lead the team making private equity investments around the globe, managing assets valued at $125.1 billion. She joined the CPPIB in 2007 and most recently served as […]

  • July 30, 2021 July 30, 2021
  • 15:00

Labour laws, regulations must catch up with new remote working reality: study

Labour laws and regulations across Canada need to be updated to reflect the new remote working reality, according to a new study by the Fraser Institute. “Just as technological change has made many production procedures and skills obsolete, it’s not surprising that many of the labour policies are, too,” said Jason Clemens, executive vice-president of […]

  • July 30, 2021 July 29, 2021
  • 09:00