Proxy voting played a major role in the Alberta Investment Management Corp.’s responsible investment strategy during the past year, according to its newly released annual responsible investment report for 2018-19. During the 2018/19 proxy voting season the AIMCo reviewed and approved more than 30,000 ballot items and voted on 99 per cent of 3,324 meetings […]
Arthur J. Gallagher & Co. is appointing Ezaque Lopes as national growth leader of Gallagher Benefit Services (Canada) Group Inc. In the role, Lopes will be responsible for developing a plan to help more plan sponsor clients attract and retain top talent while driving greater productivity, profitability and organizational well-being, according to a press release. Read: Gallagher […]
The Financial Services Regulatory Authority of Ontario is prioritizing pension plan flexibility, reviewing prudential framework and focusing on burden reduction for 2020-21. In its consultation document for its 2020-21 priorities and budget, the FSRA also said new investments in its human capital resources will improve pension relationship management. And, as it announced in July 2019, […]
The Caisse de dépôt et placement du Québec is acquiring US$250 million in convertible debentures from Piramal Enterprises Ltd. The Indian financial and industrial group is active in financial services, pharmaceutical development and manufacturing and health-care information management. The pension fund’s real estate subsidiary, Ivanhoé Cambridge, initially invested in the organization in 2017 through a residential real estate co-investment […]
Diversified pooled fund managers posted a median 1.5 per cent return before fees for the third quarter of 2019, according to Morneau Shepell Ltd.’s latest pension universe. The 1.5 per cent return represented a 0.3 per cent underperformance of its benchmark portfolio, which uses a 55 per cent equities and 45 per cent fixed income split. The […]
The guiding document outlining best practices for fiduciaries practicing corporate engagement is in for a major update. As of January 2020, the U.K. Stewardship Code will include new expectations on how those investing on behalf of savers and pensioners integrate the activities of investment and stewardship, including on environmental, social and governance issues. The code, as […]
Morneau Shepell Ltd. is appointing Sandy Innes as a client relationship partner in Western Canada. In the role, Innes will be responsible for supporting some of the consultancy’s largest plan sponsor clients with strategic insights, innovation and best practices. Read: Morneau Shepell closes acquisition of some of Mercer’s U.S. health, DB businesses He joins Morneau Shepell with more […]
In a letter to the tax branch of the Department of Finance, the Association of Canadian Pension Management said it would be reasonable for certain large defined contribution pension plans to be issuers of advanced life deferred annuities. According to the current Income Tax Act, only a licensed annuity provider can issue an ALDA. However, the ACPM […]
The Caisse de dépôt et placement du Québec and the Ontario Teachers’ Pension Plan are partnering with Anurag Chandra, former chief executive officer of Prosperity Life Insurance Group, to launch Constellation Insurance Holding, a new platform focused on property and casualty and life insurer acquisitions and demutualizations. “Constellation plans to invest in stock and mutual […]
Employees cite meaningful work as more important to than compensation and perks, according to a new survey by the Workhuman Analytics and Research Institute. The survey, which polled more than 3,500 full-time employees in Canada, Ireland, the U.K. and U.S., asked employees to rank five factors from the most to least important to their careers. Meaningful work trumped […]