While more shareholders have been putting their foot down on excessive chief executive officer pay, not enough progress has been made, according to a new report by U.S.-based non-profit foundation As You Sow. “Opposition to high CEO pay has risen, and more companies have seen their CEO pay packages receive less and less support from […]
Staff at Queen’s University, the University of Guelph, the University of Toronto and members of the United Steelworkers union have voted in favour of setting up a new multi-employer university plan. The University Pension Plan Ontario is proposed to be a jointly-sponsored plan including six labour groups, three staff unions and three faculty associations from the […]
With banks pulling back as suppliers of credit in times of economic downturn, investment funds entering the private credit space can help promote economic resilience and more could be done to facilitate the flow of private money into this space, according to a new paper. The background and motivation for this paper has to do […]
In a market environment where finding returns is tough, the Employees Retirement System of Texas turned to emerging markets and alternatives to provide the pension promise, said Sharmila Kassam, deputy chief investment officer at the Employees Retirement System of Texas. The Employees Retirement System of Texas is a state pension plan that serves more than […]
The Actuarial Standards Board is consulting on changes to key components of how the commuted value for a pension plan is calculated. The commuted-value standard is used to determine how much to pay a terminating plan member who chooses to take their pension payment as a lump sum. It’s also a key part of calculating […]
A consultation paper by the U.K. government is considering how defined contribution plans could incorporate more illiquid investments. Specifically, the consultation’s proposals include requiring larger DC plans to set out their policy and current practice for illiquid investments and report on it annually. It also proposed requiring smaller DC plans to conduct a triennial assessment […]
Over the past several years, companies have focused on cost-cutting, but the scope to do this has been declining. At the same time, productivity growth is low and global competition has intensified. But companies still need to improve margins. “All this points toward the corporate world looking more to innovation as the only way left […]
A consultation paper by the U.K. government is considering how defined contribution plans could incorporate more illiquid investments. Specifically, the consultation’s proposals include requiring larger DC plans to set out their policy and current practice for illiquid investments and report on it annually. It also proposed requiring smaller DC plans to conduct a triennial assessment […]
Last year was a strong year for the Canadian annuity market and the start of 2019 is looking promising as well, said Marie Desrochers, director of client relationships and defined benefit solutions at Sun Life Financial, speaking at a CI Institutional Investment Management event this week. While official year-end numbers aren’t out for 2018, Sun […]
The Ontario Municipal Employees Retirement System is a direct investor across all its asset classes; however, as it continued to get bigger, it was missing a lot of growth opportunities below $100 million, said Sid Paquette, managing partner at OMERS Ventures. “I think they stepped back and said, ‘Listen, how do we capture some of […]