Four more employers have joined the College of Applied Arts and Technology pension plan’s DBplus. In total, more than 1,000 new members from the Catholic Charities of the Archdiocese of Toronto, FP Canadian Newspapers and United Way of Greater Toronto are now in the plan, effective Jan. 1. In addition, law firm Wright Henry LLP joined in October 2019, according […]
Financial well-being benefits are on the rise in North America, according to a new survey by WorldatWork. Among the companies surveyed, 70 per cent said they currently offer financial well-being benefits, more than half said they intend to expand these benefits and 35 per cent said they’ve increased spending in this area. “Financial benefits play a critical […]
The Ontario Teachers’ Pension Plan is selling minority interests of its indirect stake in the Brussels Airport to Japan’s Government Pension Investment Fund and NSW Treasury Corp., or TCorp, the financial services provider used by the New South Wales public sector in Australia. The Ontario Teachers’ remains the largest individual shareholder in Brussels Airport. “As a […]
The Ontario Municipal Employees Retirement System is naming Annesley Wallace as its new chief pension officer. Wallace has been with the OMERS pension services team for about two years, before which she was a managing director at OMERS Infrastructure. She also currently sits on the boards of Infrastructure Ontario, Bruce Power and Alectra Utilities. Read: OMERS […]
MSCI Inc. is launching 15 new fixed income indexes, with factor investing and ESG at their core. This will include two new indexes relating to environmental, social and governance, 12 indexes capturing different factors in a fixed income context and a single issuance weighted index called the MSCI USD investment grade corporate bond index. “We […]
Ron Mock, who recently retired as the president and chief executive officer of the Ontario Teachers’ Pension Plan, has been appointed a senior fellow of the C.D. Howe Institute. “Ron has had an extraordinary career, culminating in his leadership of one of Canada’s standout pension successes,” said William Robson, president and CEO of C.D. Howe, […]
Ron Mock, who recently retired as the president and chief executive officer of the Ontario Teachers’ Pension Plan, has been appointed a senior fellow of the C.D. Howe Institute. “Ron has had an extraordinary career, culminating in his leadership of one of Canada’s standout pension successes,” said William Robson, president and CEO of C.D. Howe, in […]
The Laborers’ International Union of North America’s Central and Eastern Canada Pension Fund and Freed Developments Ltd. are jointly acquiring a mixed-use site in Toronto. Fengate Asset Management Ltd. is managing the purchase on behalf of the LiUNA, taking on 21,853 square metres in real estate from Allied Hotel Properties Inc. Currently, the site holds a six-story hotel and […]
The Ontario Teachers’ Pension Plan is leading a US$155-million round of financing for KRY, a European digital health-care provider. The financing was made through the Teachers’ Innovation Platform, which focuses on investments in late-stage venture and growth equity in disruptive technologies. Maggie Fanari, managing director on the TIP team at Ontario Teachers’, will also be joining […]
Starbucks Canada is giving its more than 23,000 employees a free subscription to meditation app Headspace. In total, more than 200,000 employees across North America are receiving access to the app, which offers guided meditations and videos, articles and animations around mental-health topics. “By arming [employees] with resources and support, they will be better able to curb and cope […]