April 2020

17Apr

Canada’s Pension Funds Prepare for Post-Virus World

Ontario Municipal Employment Retirement System has put a team in place to analyze what the world will look like in the post-pandemic era. The C$109 billion ($77 billion) pension fund is weighing everything from what it’ll look like when people go back to work to how different companies in its portfolio will fare, Blake Hutcheson said in a Canadian Club of Toronto virtual roundtable. “Sadly, some of our companies won’t make it, it’s just a fact,” said Hutcheson, who...

April 17, 2020
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15Apr

Canada. The coronavirus has created a tremendous financial opportunity for workers with a pension

Unique opportunities sometimes come in extreme times. The one detailed below on commuting the value of your pension won’t be an option for many, but for those with the ability to take advantage, it could meaningfully improve their retirement finances for years to come. Read also Canada’s Pension Funds Prepare for Post-Virus World This opportunity is based on three fundamental facts First, the current or commuted value of your pension is much higher when interest rates on 5 Year Canadian Bonds are...

April 15, 2020
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02Apr

Financial market volatility brings Canadian pension health to lowest level in more than three years

With global equity markets and bond yields plummeting as the coronavirus spreads throughout the world, the solvency positions of Canadian defined benefit pension plans declined by more than 13 percentage points from Q4 2019, representing the lowest level of financial health since November 2016 , according to the first-quarter Median Solvency Ratio Survey by Aon plc (AON), the leading global professional services firm providing a broad range of risk, retirement, and health solutions. "March might have been the...

April 2, 2020
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March 2020

31Mar

Canadian pension scheme CDPQ to help coronavirus-hit firms with C$4 billion fund

Caisse de dépôt et placement du Québec (CDPQ), one of Canada's biggest state pension investors, said on Monday it would create a C$4 billion fund to support companies in Québec adversely affected by the coronavirus pandemic. Read also Financial market volatility brings Canadian pension health to lowest level in more than three years The fund would be used to address liquidity needs of companies, whether or not in CDPQ's portfolio, that meet certain criteria, including being profitable before the crisis,...

March 31, 2020
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18Mar

How are Canadian pension plans responding to coronavirus?

Across the country, public pension plans are releasing statements to assure members that their defined benefit pensions are secure and that they’re taking measures to protect the health and safety of their own staff. The Colleges of Applied Arts and Technology pension plan said it regularly tests operations and will continue to make pension payments. “We are well prepared and feel confident your pensions will be paid on time,” it wrote in a statement. “Although our response times to...

March 18, 2020
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February 2020

21Feb

Canadian pension fund Caisse posts 10.4% return in 2019

Canada's second-biggest pension fund Caisse de dépôt et placement du Québec (CDPQ) on Thursday reported average weighted returns of 10.4% in 2019, as strength in its equities portfolio offset underperformance in real estate holdings. The overall annualized returns over five and 10 years were 8.1% and 9.2% respectively, the fund said in a statement. Total assets rose to C$340 billion ($256.8 billion) as of Dec. 31, from C$310 billion a year earlier. The Caisse's real estate portfolio posted a...

February 21, 2020
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14Feb

Canadian defined benefit pension plans generated second-highest returns in a decade: RBC Investor & Treasury Services

To mark the end of a decade characterized by fintech disruptors, geopolitical tensions and regulatory changes, Canadian defined benefit pension plans returned 14.0 per cent in 2019, according to the RBC Investor & Treasury Services All Plan Universe. This was the second highest annual return over the past 10 years, in large part due to an upsurge in Canadian and global equity markets. "Over the past 10 years, the average Canadian Defined Benefits plan has generated an annualized return...

February 14, 2020
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07Feb

CDPQ Goes Local for Private Credit in India

Caisse de dépôt et placement du Québec, which manages funds primarily for Canadian public and parapublic pension and insurance plans, has formed a partnership with Piramal Asset Management Private Limited to invest in illiquid credit opportunities in India. The two organizations will invest US$300 million, with 75 percent of the money coming from CDPQ and the remainder from Piramal. CDPQ oversees C$326.7 billion (US$246 billion) in net assets. CDPQ’s partnership with Piramal, an India-based manager that is part...

February 7, 2020
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January 2020

24Jan

Morneau Shepell releases the results of its Performance Universe of Pension Managers’ Pooled Funds

Morneau Shepell (MSI.TO) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the fourth quarter and for year 2019. According to the report, in the fourth quarter of 2019, diversified pooled fund managers posted a median return of 2.6 per cent before management fees. Since the beginning of the year, the return has been 15.8 per cent. "Both stock and bond markets posted very positive returns in 2019. The bond market posted a...

January 24, 2020
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14Jan

Canada. Fusion Pharmaceuticals Announces Investment from Canada Pension Plan Investment Board (CPPIB)

Fusion Pharmaceuticals Inc., a clinical-stage precision oncology company developing next-generation radiopharmaceuticals, today announced an investment commitment of up to US$20 million from Canada Pension Plan Investment Board (CPPIB). CPPIB joins Fusion’s existing group of top-tier investors adding to the US$105 million Series B announced in April 2019. The financing will primarily be used to expand the use of the Company’s Fast-Clear™ Linker Technology platform by investing in new partnerships and targeting molecules to create novel targeted alpha therapeutics, and...

January 14, 2020
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