October 2019

29Oct

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

Morneau Shepell (TSX: MSI) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the third quarter of 2019. According to the report, in the third quarter of 2019, diversified pooled fund managers posted a median return of 1.5 per cent before management fees. Since the beginning of the year, the return has been 12.8 per cent. "In general, markets posted positive returns in the third quarter, despite higher volatility. The FTSE Canada Universe Bond...

October 29, 2019
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September 2019

13Sep

Canada. Pension plans should not invest in companies that harm working people

Of all the gains unions have made for workers, the ability to retire with dignity and a pension is perhaps the most valued. Last year employers and employees in Canada contributed over $70 billion to registered pension plans. It is big money. Still, just over a third of workers are covered by RPPs as most rely on the more modest Canada Pension Plan and Old Age Security. The inequality among retirees created by different pension benefits is obvious. There...

September 13, 2019
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09Sep

Canada Pension Plan Investment Board Invests in India-Based Logistics Provider Delhivery Pvt Ltd

Canada Pension Plan Investment Board (CPPIB) has invested US$115 million in Delhivery Pvt Ltd, broadening its exposure to the logistics sector in India. Delhivery, one of India's leading third-party logistics providers, operates in more than 2,000 cities (more than 17,500 pincodes) offering a full range of supply chain services. "The continued strong growth of e-commerce has generated significant opportunities in India's express logistics space for long-term investors such as CPPIB, and we are pleased to partner with a...

September 9, 2019
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05Sep

Samsung Securities Signs MOU with Canadian Pension Fund for Infrastructure Investment

Samsung Securities Co. has joined hands with a foreign pension fund for the first time in the domestic investment banking industry to expand its reach in global infrastructure investment. The company announced on Sept. 4 that it has signed a memorandum of understanding (MOU) on mutual business partnership with Montreal-based institutional investor Caisse de depot et placement du Quebec (CDPQ) at the company’s head office in Quebec, Canada, on Sept. 3 (local time). Founded in 1965, CDPQ...

September 5, 2019
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August 2019

15Aug

Canada. CPPIB earned 1.1 per cent in most recent quarter, CPP Fund now tops $400 billion

The Canada Pension Plan Investment Board says it earned a return of 1.1 per cent, net of its costs in its most recent quarter. Chief executive Mark Machin says the investments achieved solid net income in local-dollar terms, but the Canadian dollar strengthened in June and dampened the returns. The result for the quarter ended June 30 came as its net assets grew to $400.6 billion, up from $392.0 billion at the end of the previous quarter. The increase...

August 15, 2019
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02Aug

The Fracking Industry Is in Debt. Retirement Funds Are Helping Bail It Out.

Ayear ago, Chesapeake Energy, at one time the nation’s largest natural gas producer, announced it was selling off its Ohio Utica shale drilling rights in a $2 billion deal with a little-known private company based in Houston, Texas, Encino Acquisition Partners. For Chesapeake, the deal offered a way to pay off some of its debts, incurred as its former CEO, “Shale King” Aubrey McClendon, led Chesapeake on a disastrous shale drilling spree. Shares of Chesapeake Energy, which in the...

August 2, 2019
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July 2019

26Jul

Canada. Positive returns for pension funds in second quarter of 2019

Morneau Shepell (MSI.TO) has released the results of its Performance Universe of Pension Managers' Pooled Funds for the second quarter of 2019. According to the report, in the second quarter of 2019, diversified pooled fund managers posted a median return of 2.2 per cent before management fees. Since the beginning of the year, the return has been 11.1 per cent. "In general, markets posted positive returns in the second quarter, continuing the rebound started early in the year. The FTSE Canada...

July 26, 2019
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23Jul

Canada. Unique retirement planning strategies needed for defined-benefit pension plan members

For people who have a defined-benefit (DB) pension plan through their employers, years of compulsory saving may eliminate much of the uncertainty around how much to set aside for retirement. But these pension plans are only part of an overall financial picture and can be subject to change, underscoring the need for financial advisors to prepare their clients for all possibilities. According to recent data from Statistics Canada, DB plans accounted for two-thirds of registered pension plans in 2017....

July 23, 2019
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22Jul

Canada’s pension fund OMERS seeks new green energy deals

Canadian pension fund Ontario Municipal Employees’ Retirement System (OMERS) is scouting for acquisition opportunities in India, in an affirmation of the country’s position as a green energy hot-spot. With net assets of more than $100 billion under management, OMERS has been attracted by the presence of other Canadian investors in India such as Canada Pension Plan Investment Board (CPPIB), Caisse de dépôt et placement du Québec (CDPQ) and Brookfield Asset Management. This comes at a time when India’s emerging...

July 22, 2019
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June 2019

28Jun

Canada. A new paradigm for pension plans

The single-employer pension plan model is dying. We do not need to mourn its demise, but we do need to replace it. In a recent report published by the C.D. Howe Institute, we promote the implementation of new private-sector pension plans in Canada based on a better governance model. Rather than being sponsored by single employers, the new plans would be sponsored by multiple employers and governed by independent management boards that include representation from all stakeholders. Scale is...

June 28, 2019
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