September 2026
11Sep

Pensions and Turbulence: Automatic Adjustment, Risk, and Fairness in Long-Term Pension Design

By Peter A. Diamond Public pension systems are long-term social contracts operating under persistent economic, demographic, and political uncertainty. Periods of turbulence, marked by financial shocks, changes in longevity, and shifting labour markets, test the capacity of pension institutions to adapt while maintaining adequacy, equity, and legitimacy. Building on earlier joint work on pension economics and reform with Nicholas Barr, this chapter analyses the role of automatic and semi-automatic adjustment mechanisms in public pension design. Drawing on comparative experience from...

September 11, 2026
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11Sep

Canada. Teachers pension plan pledges $10-billion in new investment in Canada by the end of 2027

Ontario Teachers’ Pension Plan is aiming to invest an additional $10-billion in Canada by the end of 2027, increasing the size of its $100-billion domestic portfolio. The $303-billion pension fund announced Friday that it intends to add new investments in both publicly traded equities and private assets. Early next week, hundreds of the world’s top financial sector CEOs and senior executives will gather in Toronto for the inaugural Canada Investment Summit, where Prime Minister Mark Carney will try to attract more...

September 11, 2026
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August 2026
24Aug

The best time to think about your pension is before you need one

If you’re in your 20s or 30s, retirement may be the least urgent item on a long and expensive financial to-do list. Paying the rent or a mortgage comes first. There may be student loans or credit-card balances to pay off. You might be trying to build an emergency fund or save for a first home. Add higher grocery bills, and retirement can easily become a problem for your future self. That feeling is understandable. Canadians aged 25 to 44 have...

August 24, 2026
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13Aug

Canada. Nova Scotia Pension Services Corp. assets increase to $15.2 billion

The Nova Scotia Pension Services Corp. — which administers the investment assets of the Public Service Superannuation Plan and the Teachers’ Pension Plan — reported an increase in combined assets under management to roughly $15.2 billion, reflecting a year-over-year increase of about $800 million, according to the investment organization’s 2025/26 report. It noted the PSSP reported a net investment return of 6.55 per cent for the 2025/26 fiscal year, exceeding its 6.25 per cent actuarial assumed rate of return but...

August 13, 2026
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11Aug

Ontario Teachers’ delivers 9.5% total-fund net return in first half of 2026

As of January 1, 2026, the plan was fully funded with a $31.2 billion preliminary funding surplus, underscoring its long-term financial health and sustainability. The plan’s co-sponsors, the Ontario Teachers’ Federation (OTF) and the Government of Ontario, have elected to file the preliminary valuation with appropriate regulatory authorities. Corporate News Cathy Cranston was appointed Board Chair of Ontario Teachers’ Pension Plan, effective January 1, 2027. Ms. Cranston, who has served on the board since 2019, was appointed by the Government of...

August 11, 2026
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05Aug

Why Canada’s recession risk hinges on labour market outcomes

While Canada’s economy remains under pressure from a technical recession and external geopolitical threats, panic among institutional investors would be premature. That’s the message from BeiChen Lin, director and head of Canadian investment strategy at Russell Investments, who sees the global picture as broadly positive even as Canada navigates a more difficult path than most of its peers. “The entire kitchen sink has been thrown at the markets and the economy,” said Lin. “Think back to 2025. We were talking about...

August 5, 2026
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July 2026
17Jul

2026 Annual Report

By PSP Investments PSP Investments closed fiscal 2026 with $320.6 billion in net assets under management, delivering a 6.5% one-year net return, and an 8.8% net annualized return over 10 years. Over the past decade, our diversified portfolio has generated $14.5 billion in cumulative net investment gains above the Reference Portfolio, a sustained track record that continues to strengthen the long-term funding position of the pension plans we support. In a year marked by heightened volatility and uncertainty, our portfolio...

July 17, 2026
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07Jul

Pension giant pours US$1.75 billion into global AI infrastructure

The Canada Pension Plan Investment Board will invest $2.4bn to back EQT's expansion into artificial intelligence infrastructure through data centre developer EdgeConneX. The commitment increases the fund manager's exposure to digital infrastructure, a sector it ties to long-term returns for Canada Pension Plan contributors and beneficiaries, according to the announcement. CPP Investments said the transaction has closed after receipt of customary approvals. Max Biagosch, senior managing director and global head of real assets at the fund, linked the decision to rising demand...

July 7, 2026
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06Jul

Canadá. La Caisse tops the Global SWF rankings, recognized for its leadership in sustainability

For the fourth year running, La Caisse ranks at the top of the pension funds included in the Global SWF’s GSR Scoreboard published, consolidating its leading position among global investors. This recognition reflects the excellence of our sustainable investing practices and our efforts to make progress on sustainability matters in Québec and abroad. “This ranking places La Caisse among a select group of global leaders in governance, sustainability and resilience. It is a testament to the rigor of our practices and...

July 6, 2026
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June 2026
03Jun

Canada. Pension funds creating social infrastructure, but measurement of impact is required: ICPM

Pension funds can enhance society in a way that doesn’t have to interfere with their fiduciary integrity and financial sustainability, according to a new report from the International Centre for Pension Management. After working on a social infrastructure paper and a roundtable discussion, what at first seemed as a one-and-done presentation became an international working group at the ICPM, according to Gareth Gibbins, a pension and policy expert who co-authored the report and is a member of the working group. Social...

June 3, 2026
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