Canada Archives - Page 24 of 27 - Pension Policy International

23JanJanuary 23, 2018

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

News, SliderCanada

05JanJanuary 5, 2018

Canada. Aon survey finds financial health of defined benefit pension plans ends 2017 near decade-long highs

Aon’s Median Solvency Ratio at end of Q4 2017 stood at 99.2% Pension plans’ financial strength positions them well to manage liabilities in 2018 Capping a year that saw the financial health of Canadian defined benefit pension plans reach levels not seen in more than a decade, plan solvency in the fourth quarter of 2017 maintained the trend and remained near the post-recession high set in Q3, according to Aon’s latest quarterly Median Solvency Ratio survey. Read more @GloblalNewswire

January 5, 2018

News, SliderCanada

04JanJanuary 4, 2018

Canadian pensions fared well in 2017 on stock markets’ strength: Mercer

Defined-benefit pension plans in Canada generally ended 2017 in better financial condition than they've experienced for most of the past decade, according to figures released Wednesday by Mercer. The international pension consulting firm's Canadian index of pension health – based on a hypothetical, representative fund – stood at 106 per cent on Dec. 29, up from 102 per cent at the beginning of the year and a dismal 70 per cent after the 2008-09 financial crisis. "Equity markets had crashed and...

January 4, 2018

News, SliderCanada

04DecDecember 4, 2017

Income Adequacy Among Canadian Seniors: Helping Singles Most

By Philip Bazel (University of Calgary - The School of Public Policy) & Jack Mintz (University of Calgary - The School of Public Policy; CESifo (Center for Economic Studies and Ifo Institute)) Canadians have heard a great deal of discussion in the national media about expanding the Canada Pension Plan (CPP), driven by concerns that many will retire without having made proper arrangements to adequately replace their incomes with pensions and savings. But the proposed remedies have been targeted at...

December 4, 2017

Aging, Articles, Labor Market, Pension design2017, Canada, Financial Inclusion, Public Policy, Social Protection

23NovNovember 23, 2017

World Bank report shines spotlight on Canadian pension model

Canadian public pension funds and pension plans are regarded as among the best in the world, but they underwent an evolution of changes to get to where they are today. Because of their success, the World Bank Group partnered with four Canadian pension funds, Alberta Investment Management Corporation (AIMCo), Caisse de dépôt et placement du Québec (CDPQ), Healthcare of Ontario Pension Plan (HOOPP), and OPTrust, as well as the Government of Ontario on a report that studies the evolution...

November 23, 2017

News, SliderCanada

23NovNovember 23, 2017

Why Canadian pension plans must divest of fossil fuel investments

Combatting climate change hinges on divestment of fossil fuels across all spheres of activity. According to scientists, we are facing an impending disaster if we do not stop burning fossil fuels. Therefore, companies must reduce their carbon footprint to net zero, and carbon-based firms that cannot or refuse to change must wind down. Communities with significant economic dependence on firms that refuse to change must invest in and attract clean sustainable industries instead. Communities have to act now so as to...

November 23, 2017

News, SliderCanada

21NovNovember 21, 2017

Bitcoin and Blockchain Aren’t Investible Yet, Canada Pension Says

Mark Machin, the head of Canada Pension Plan Investment Board, said he doesn’t think the bitcoin and blockchain space is “investible” yet, but the country’s largest pension fund is monitoring it with interest. "We’re watching it,” Machin said in a speech Monday. “I don’t think it’s institutionally investible yet. It’s really early days and there’s going to be lots of disruption." He said CPPIB has more than 100 people at its offices in Toronto watching the space carefully. Most investors are...

November 21, 2017

News, SliderCanada

21NovNovember 21, 2017

Canada Pension Plan is safe for generations, says CEO of investment board

In his travels to every province and one territory over the last 17 months, British-born Mark Machin was struck most by one thing about Canadians. “There’s still this myth that’s circulating that the Canada Pension Plan won’t be there when you retire,” said the CEO of the CPP Investment Board, the largest pension fund in the country that manages a $328-billion investment portfolio on behalf of 20 million Canadian workers and retirees. “You ask the average person — stop anyone on...

November 21, 2017

News, SliderCanada

12NovNovember 12, 2017

Rethinking Limits on Tax-Deferred Retirement Savings in Canada

By William B. P. Robson (C.D. Howe Institute) Tax rules limiting the amount of tax deferral available to Canadians in various retirement saving vehicles need some measure of equivalency among them. Since 1990 this measure has been the Factor of Nine, based on the proposition that saving 9 percent of annual earnings will let a person buy a retirement annuity equal to 1 percent of pre-retirement income. A quarter century later, the flaws in the Factor of Nine are glaring...

November 12, 2017

Articles, Pension design, RegulationCanada, Reform, Savings

07NovNovember 7, 2017

Canada. NDP MP proposes changes to insolvency laws to improve pension protections

An Ontario backbench member of Parliament tabled a bill Monday to amend Canada's insolvency laws so they offer more protections to pension plans, post-retirement benefits and severance when a company is in deep financial trouble. The treatment of pensions during court-supervised restructurings has been a long-simmering issue but has attracted new attention since Sears Canada sought protection under the Companies Creditors Arrangement Act in July. In addition to ending post-retirement health benefits and severance payments immediately, Sears Canada's collapse meant future...

November 7, 2017

News, SliderCanada

January 2018

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

Canada. Aon survey finds financial health of defined benefit pension plans ends 2017 near decade-long highs

Canadian pensions fared well in 2017 on stock markets’ strength: Mercer

December 2017

November 2017

World Bank report shines spotlight on Canadian pension model

Why Canadian pension plans must divest of fossil fuel investments

Bitcoin and Blockchain Aren’t Investible Yet, Canada Pension Says

Canada Pension Plan is safe for generations, says CEO of investment board

Rethinking Limits on Tax-Deferred Retirement Savings in Canada

Canada. NDP MP proposes changes to insolvency laws to improve pension protections