October 2018

12Oct

‘Deeply concerning’: Canada pension fund invests in US immigration detention firms

The Canada Pension Plan Investment Board holds $5.9m of stock in two companies profiting from Trump’s ‘zero-tolerance’ Mexico border policy Canadian politicians have expressed alarm that one of Canada’s biggest pension investment funds has increased holdings in two US private companies that run American prisons and incarcerate the majority of detained immigrants. The Canada Pension Plan Investment Board (CPPIB), which manages $366.6bn in pension funds on behalf of some 20 million Canadian retirees, holds US$5.9m of stock in Geo Group and...

October 12, 2018
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12Oct

Canada pension fund to lift China investment

CPPIB plans to increase funding across country as it eyes long-term market opportunities from growing middle-income group, aging population By 2025, Canada Pension Plan Investment Board plans to have 20 percent of its estimated C$800 billion ($612 billion) assets invested in the Chinese mainland, Hong Kong, Macao and Taiwan, said Mark Machin, president and CEO of CPPIB. "It's a sensible thing to increase our supply to this market. We are building expertise, and we think valuation is not perfect in this...

October 12, 2018
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04Oct

Financial health of Canadian defined-benefit pension plans hits all-time quarterly high in Q3 2018

Rising bond yields and a continuing strong U.S. equity market helped boost the health of Canadian defined benefit pension plans to the highest level ever recorded, according to the latest quarterly Median Solvency Ratio from Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions. Quotes: “Aon has been measuring median solvency for the better part of two decades now, and we have never seen quarterly levels this high,” said William da Silva, Senior...

October 4, 2018
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September 2018

25Sep

Canada. Non-profit workers offered chance to join Ontario public sector pension plan

As many as one million Ontarians who work for registered charities and non-profit organizations will be eligible to join the provincial government pension plan under an agreement being announced Monday. The Ontario Nonprofit Network, which advocates on behalf of the province’s 58,000 charities and non-profits, is recommending OPTrust as the sector’s first defined-benefit pension provider. The new OPTrust Select plan will be available to every registered charity and non-profit in Ontario, whether it has one employee or hundreds, said the network’s...

September 25, 2018
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August 2018

16Aug

Canada. BMO Capital Markets Launches First-of-its-Kind Blockchain Pilot to Mirror Canadian Dollar Fixed Income Issuance Transaction with Ontario Teachers’

First Canadian dollar fixed income issuance by a major bank in Canada testing blockchain technology TORONTO, Aug. 15, 2018 /CNW/ - BMO Capital Markets today announced that it has successfully launched a pilot fixed income issuance transaction, mirrored on a blockchain platform alongside leading pension fund investor Ontario Teachers' Pension Plan (Ontario Teachers'). The transaction included Bank of Montreal as the issuer and Ontario Teachers' as the buyer of a CDN$250MM 1-year floating rate Deposit Note, making it the first Canadian...

August 16, 2018
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July 2018

31Jul

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 second quarter of 2018. According to the report, in the second quarter of 2018, diversified pooled fund managers posted a median return of 2.9 per cent before management fees. "Most stock markets delivered excellent results in the second quarter, generating positive pension fund returns. Canadian and U.S. equities did particularly well, with returns of 6.8 per cent for the S&P/TSX and 5.6...

July 31, 2018
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February 2018

12Feb

Headed for the Poorhouse: How to Ensure Seniors Don't Run Out of Cash Before They Run Out of Time

By Bonnie-Jeanne MacDonald (Ryerson University - The National Institute of Aging (NIA)) Income security in later life (age 85) is more important now than ever. More attention needs to be paid to how Canadians can best draw down their savings after retirement and secure adequate income for advanced ages. Retiring Canadians need innovative solutions – ones that add definitive value but place no new pressures on the Canadian public purse. I propose a government-led solution: Canada’s Living Income For the...

February 12, 2018
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12Feb

Headed for the Poorhouse: How to Ensure Seniors Don’t Run Out of Cash Before They Run Out of Time

By Bonnie-Jeanne MacDonald (Ryerson University - The National Institute of Aging (NIA)) Income security in later life (age 85) is more important now than ever. More attention needs to be paid to how Canadians can best draw down their savings after retirement and secure adequate income for advanced ages. Retiring Canadians need innovative solutions – ones that add definitive value but place no new pressures on the Canadian public purse. I propose a government-led solution: Canada’s Living Income For the...

February 12, 2018
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January 2018

25Jan

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 fourth quarter of 2017. According to the report, in the fourth quarter of 2017, diversified pooled fund managers posted a median return of 3.9 per cent before management fees. For 2017 as a whole, diversified pooled fund managers obtained a median return of 8.6 per cent. "Stimulated by strong and synchronized global economic growth, stock markets rose to record levels in 2017....

January 25, 2018
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23Jan

Canadian pension fund buying USD-144m stake in India’s ReNew Power

Canada Pension Plan Investment Board (CPPIB) is paying USD 144 million (EUR 118m) for a minority stake in Indian renewables developer and operator ReNew Power Ventures Pvt Ltd The two parties said in a joint statement today that the Toronto-based investment management organisation is acquiring a 6.3% stake in ReNew Power from the Asian Development Bank (ADB). The lender made its own equity investment in ReNew Power in July 2014. ReNew Power is an independent power producer (IPP) that develops wind,...

January 23, 2018
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