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Caisse investing in credit facility for EV subscription company, Ontario Teachers’ acquiring U.K. industrial lot

The Caisse de dépôt et placement du Québec is partnering with an asset manager to provide a credit facility to an electric vehicle subscription service. Through its partnership with Pollen Street, an alternative asset management firm, the investment organization has established a $153-million line of credit for Onto, a U.K.-based company that provides its subscribers […]

  • January 26, 2023 January 26, 2023
  • 12:00

Institutional investors increasing allocations to real assets amid inflation, sustainability challenges: survey

Nearly two-thirds of institutional investors say they’re planning to increase their allocations to real assets over the next two years, amid a backdrop of inflation and sustainability challenges, according to a survey by Aviva Investors. The survey, which polled 500 institutional investors from around the world, found nearly half (47 per cent) said they have […]

  • January 26, 2023 January 26, 2023
  • 09:00

New pension plan design offers U.S. public workers retirement benefits, regardless of length of service

A new retirement plan design could allow more public employees in the U.S. to accrue retirement benefits regardless of their length of service, according to a report by think tank the Reason Foundation. The plan, which blends elements of defined contribution and defined benefit pension plans, focuses on providing employees with the target retirement income […]

  • January 25, 2023 January 25, 2023
  • 09:00

64% of U.S. employers increasing investments in employee wellness: survey

Nearly two-thirds (64 per cent) of U.S. employers are planning to increase their spend on employee wellness programs, according to a new survey by Wellable. The survey, which polled roughly 200 health insurance brokers and wellness consultants, found respondents expect employers to prioritize benefits related to mental health (91 per cent), stress management and resilience […]

  • January 25, 2023 January 24, 2023
  • 09:00

Ontario Teachers’ focusing on board diversity in proxy voting guidelines

The Ontario Teachers’ Pension Plan is setting higher expectations for increased participation of women in board roles at large-cap companies in 2023. The pension fund’s proxy voting guidelines advocate for large-cap companies on developed market indices to increase the number of women directors on their boards to a minimum of 40 per cent, up from […]

  • January 24, 2023 January 24, 2023
  • 09:00

80% of frontline workers who feel supported by manager plan to stay in current role: survey

The majority (80 per cent) of frontline employees who say they feel supported and understood by their manager plan to stay in their current role, according to a global survey by Lighthouse Research & Advisory on behalf of software company Workday Inc. The survey, which polled more than 3,000 workers, found a supportive manager can […]

  • January 23, 2023 January 23, 2023
  • 15:00

33% of U.S. near-retirees already drawing down social security benefits: survey

A third (33 per cent) of Americans nearing retirement say they’re already drawing down their social security benefits, according to a survey by Allspring Global Investments. The survey, which polled more than 1,500 near-retirees and more than 1,200 retirees, found one in four retirees said they retired early due to job loss or a health […]

  • January 23, 2023 January 23, 2023
  • 09:00

PIAC urging federal government to reconsider cessation of real return bonds, citing DB pension impacts

The Pension Investment Association of Canada is urging the federal government to reconsider the cessation of real return bond issuances, citing potential financial impacts to defined benefit pension plans and members. In an open letter to the Ministry of Finance, the PIAC said the decision was made “without fulsome consultation or warning” and impacts pension […]

  • January 23, 2023 January 20, 2023
  • 09:00

Caisse receives top grade for climate strategy across 11 public pension investors: report

The Caisse de dépôt et placement du Québec received the highest mark in a report card grading the climate strategies of the 11 largest public pension investment organizations in Canada. The Caisse’s strategy, which received a B+ from Shift Action for Pension Wealth and Planet Health, was praised for including provisions to divest its portfolio […]

  • January 19, 2023 January 19, 2023
  • 12:30

Ontario Teachers’ redeveloping Winnipeg football site, AIMCo investing in PSP-sourced loans

Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan, is redeveloping the former home field of the Winnipeg Blue Bombers into a mixed-use space. The investment organization is partnering with Shindico Realty Inc. to transform Polo Park, which housed Canad Inns Stadium from 1953 until 2013. The site was acquired by Cadillac […]

  • January 19, 2023 January 19, 2023
  • 12:00