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PIAC calling for tighter link to asset allocation for PfAD in proposed B.C. pension solvency funding framework

While the Pension Investment Association of Canada is generally supportive of British Columbia’s proposed solvency funding framework, when it comes to requirements around funding the provision for adverse deviations, the organization is suggesting B.C. takes a page from Ontario and Quebec. With many governments across Canada looking to make defined benefit plans more sustainable, the […]

  • September 20, 2019 January 6, 2021
  • 09:19

Dawn Jia appointed as president, CEO of UBC Investment Management Trust

One of Canada’s largest university investment offices, UBC Investment Management Trust, has appointed Dawn Jia as its president and chief executive officer effective Sept. 13, 2019. Jia joins UBC IMANT from the Canada Pension Plan Investment Board where she was a senior portfolio manager. Prior to that she was vice-president and head of active equity […]

  • September 19, 2019 January 6, 2021
  • 16:34

BCI, Caisse, Ontario Teachers’ to implement steps promoting diversity and inclusion

The British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are among 42 global firms acting to implement ideas to increase diversity and inclusion in investment management. This commitment to action is part of the CFA Institute’s Experimental Partners Program, which was inspired by a […]

  • September 19, 2019 November 11, 2020
  • 15:15

Liberals promising tax-free parental benefits, increased CPP survivor’s benefit

The Liberal Party announced a number of campaign promises this week, including making maternity and parental benefits tax-free, introducing a 15-week leave for adoptive parents, strengthening the old-age security benefit and increasing the Canada Pension Plan and Quebec Pension Plan survivor’s benefit. If re-elected, the Liberal government said it will work to establish guaranteed paid family […]

  • September 19, 2019 November 30, 2020
  • 15:00

CPPIB invests in Indonesian toll road, Caisse in job website, OMERS in restaurant technology

The Canada Pension Plan Investment Board is making its first infrastructure investment in Indonesia, with the acquisition of a 45 per cent interest in PT Lintas Marga Sedaya, the concession holder and operator of the Cipali toll road, a critical link in the transportation network of the island of Java. PT Baskhara Utama Sedaya, a wholly-owned subsidiary of PT […]

  • September 19, 2019 November 12, 2020
  • 09:45

N.B. public service pension plan returns 1.75% in 2018, led by private equity

The New Brunswick Public Service Pension Plan saw a return of 1.75 per cent in 2018, yielding $132.3 million in additional net investment income, according to its annual report. The increase was led by private equity, which returned 26.91 per cent during the year. Other alternative investments, such as infrastructure and real estate, were also […]

  • September 18, 2019 November 12, 2020
  • 09:00

Morneau Shepell acquiring U.S.-based MorningStar Health

Morneau Shepell Ltd. is acquiring U.S.-based MorningStar Health Inc. The acquisition will allow Morneau Shepell to enhance its U.S. presence in absence management, including leaves, disability, absence reporting and accommodation. MorningStar Health’s plan sponsor clients and employees, including its leadership team, will join Morneau Shepell but will remain based in Grand Rapids, MI. Read: Morneau Shepell closes acquisition of some of Mercer’s […]

  • September 17, 2019 February 23, 2021
  • 15:00

Federal election platforms include health-care, pension policy proposals

With the federal election about a month away, Canada’s political parties are rolling out their election platforms, making a host of promises to improve health care, employment insurance, the minimum wage and pension legislation. If elected, the Liberal Party of Canada, New Democratic Party and Green Party of Canada are all promising to implement a national pharmacare program. […]

  • September 17, 2019 December 3, 2020
  • 09:40

Mixing TDFs, other assets in DC plans can ‘diminish’ benefit: report

While target-date funds are intended to be used as a singular option in capital accumulation plans, many defined contribution plan members use them in conjunction with other investments, according to research by Morningstar Inc. The report noted more than 10 million DC participants are potentially in TDFs and other plan investments. “While combining target-date funds with […]

  • September 17, 2019 November 30, 2020
  • 09:15

Pacific Blue Cross forming alliance with Blue Cross Life Insurance Co.

Pacific Blue Cross and Blue Cross Life Insurance Co. of Canada are forming an alliance in British Columbia, effective Jan. 2, 2020. The alliance is aimed at enhancing Pacific Blue Cross’ capabilities in underwriting, pricing, reserving, actuarial and medical underwriting, according to a press release. It will remain the primary contact for all sales, services […]

  • September 16, 2019 November 12, 2020
  • 15:50