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Desjardins partners with Obesity Canada to keep Canadians healthy

Desjardins Insurance is joining Obesity Canada’s partnership program, which leverages resources from Canadian organizations to fund obesity research, education and advocacy initiatives. Marc Bertossini, director of marketing for group and business insurance at Desjardins, said in a press release the partnership is another way the organization can support Canadians and help them improve their health. […]

  • June 12, 2020 November 12, 2020
  • 15:00

Vestcor Corp. returns 11.76% in 2019, updates pension admin system

Vestcor Investment Management Corp. returned 11.76 per cent in 2019, with total assets under management rising to $18.5 billion, according to its 2019 annual report. The organization, which manages the investment and administration for several of New Brunswick’s public sector pension plans, said the long-term annualized gross pension fund return since it began its business […]

  • June 12, 2020 November 12, 2020
  • 09:30

IMCO sells stake in Spanish electricity provider

The Investment Management Corp. of Ontario has sold its interest in Spanish electricity provider Viesgo to funds managed by Macquarie Infrastructure and Real Assets. Prior the sale, the IMCO and MIRA collectively owned 60 per cent of Viesgo, while Wren House Infrastructure Management Ltd. owned the remaining 40 per cent. The initial investment in Viesgo was part of legacy client strategies […]

  • June 12, 2020 November 12, 2020
  • 08:45

Do institutional investors have to choose between divestment and engagement?

For institutional investors, the debate still rages over whether to divest from a company they find to have problematic practices where environmental, social and governance issues are concerned or to remain invested and engage with the company to try to push it in the desired direction. A new paper by smart beta platform provider Scientific Beta is […]

  • June 11, 2020 November 12, 2020
  • 15:15

CLHIA names Jean-François Chalifoux new board chair

The Canadian Life and Health Insurance Association is appointing Jean-François Chalifoux, chief executive officer of SSQ Life Insurance Co. Inc., as the new chair of its board of directors. Chalifoux took on the top job at SSQ in 2015. Previously, he held several executive roles at Canadian insurance companies, including most recently at Desjardins Insurance, where he first headed […]

  • June 11, 2020 November 12, 2020
  • 15:00

DB regulations a bad fit for target-benefit plans, MEPPs: report

Canada’s pension regulations have been designed to govern defined benefit plans and are a bad fit for target-benefit and multi-employer pension plans, according to a new report by the C.D. Howe Institute. The report, authored by Barry Gros, a retired actuary and chair of the University of British Columbia staff pension plan, argued that the […]

  • June 11, 2020 November 30, 2020
  • 09:30

Alberta NDP introduces bill to reverse teachers’ pension transfer to AIMCo

The Alberta New Democratic Party’s labour and immigration critic is attempting to reverse the provincial government’s plan to transfer teachers’ pensions to the Alberta Investment Management Corp. Christina Gray, an NDP member of the legislative assembly for Edmonton-Mill Woods, introduced Bill 203, called the Pension Protection Act, on Monday. The legislation, if passed, would undo […]

  • June 11, 2020 February 15, 2022
  • 09:00

U.S. largest and smallest cap stocks diverge in FTSE Russell index reconstitution

FTSE Russell has released a preliminary list of companies set to enter or leave its U.S. indexes at the end of June as part of its annual reconstitution, which occurs to reflect market changes from the previous year. And the results tell a tale of the growing gap between the largest and smallest cap stocks. […]

  • June 11, 2020 December 6, 2020
  • 08:30

Teladoc to provide telemedicine services to 350 First Nations, Inuit employers

Through a partnership with Johnston Group Inc., Teledoc Health Inc. is offering its telemedicine services to 350 First Nations and Inuit employers to provide to their employees. Since nearly 40 per cent of Canada’s First Nations, Inuit and Métis peoples live in rural areas, Johnston Group’s specialty employee benefits program, CINUP, aims to provide health services to […]

  • June 10, 2020 November 12, 2020
  • 15:00

How are pension fund directors faring through coronavirus upheaval?

Despite drastic changes stemming from the coronavirus crisis, the majority (58 per cent) of pension fund directors said their fund’s transition to a remote boardroom has had no perceived impact on board effectiveness, according to a global pulse survey by Mosaic Governance Advisors. However, 19 per cent of respondents noted their board’s effectiveness was being […]

  • June 10, 2020 December 6, 2020
  • 10:05