Canada Archives - Page 9 of 26 - Pension Policy International

11MayMay 11, 2022

Large corporate defined benefit plans in Canada are fully funded

Corporate defined benefit plans of public companies in Canada surged to 100% funding with higher discount rates. Asset allocations were little changed. Liability-driven investing continued to be at the forefront with about 50% of assets invested in fixed income. Alternative investments did increase to 7.7%, which was the highest allocation since data have been tracked. The median funded status increased to 100.3% up from 91.5% in 2020. This was the first time the median funding level increased to more than 100%...

May 11, 2022

News2022, Canada, Funding

02MayMay 2, 2022

Aging beyond retirement: How Canadians can afford to grow old

That’s the number of siblings Dr. Bonnie-Jeanne MacDonald’s mother had growing up. An astounding number, even at a time when families were known for having large broods. While it might seem overwhelming, to say the least, there certainly were benefits to having so many kids, says Dr. MacDonald, the director of financial security research for the National Institute on Aging (NIA). “My mother came from a family of 14 kids, and suddenly you have much fewer people to do that care...

May 2, 2022

News2022, Aging, Canada

27AprApril 27, 2022

Canada. IMCO returns 9.6% in 2021, outperforming its benchmark

Investment Management Corp. of Ontario, Toronto, delivered a weighted average net return of its clients' portfolios of 9.6% for the year ended Dec. 31, vs. a consolidated benchmark return of 8.5%. IMCO's assets under management climbed to C$79 billion ($61.8 billion) at the end of 2021, up 7.8% from a year earlier, the firm said in a news release Monday. By asset class, private equity performed the best in 2021, returning a net 19.2% (above the 16.9% performance by its benchmark);...

April 27, 2022

News2022, Canada, Pension Management

30MarMarch 30, 2022

Will this new pension option provide retirement security for more Canadians?

Larissa Dundon values her independence. After quitting her corporate gig five years ago to launch her own communications firm, she can’t imagine ever returning to a nine-to-five. Not even a coveted defined-benefit pension is enough of a lure. “I have way more potential earning power, and I control where I want to go,” said the 37-year-old Vancouverite. “The payoff of having a pension isn’t worth it.” She saves for retirement in her registered retirement savings plan and tax-free savings account...

March 30, 2022

News2022, Canada, Pension design

25FebFebruary 25, 2022

Canadian Pensions Bankrolling Elder Abuse and Misappropriation of Public Money by French Long-term Care Multinational: CUPE

A new report by the Centre for International Corporate Tax Accountability and Research (CICTAR) reveals that Europe’s largest long-term care home operator, Orpea, has been building a property empire while facing allegations of elder abuse and misappropriation of public money. Orpea is 15 per cent owned by the Canada Pension Plan Investment Board (CPPIB), which also holds two seats on Orpea’s board of directors. CUPE is reiterating its call for Canadian pension funds to stop bankrolling suffering and abuse...

February 25, 2022

News, Slider2022, Canada, Investment, Pension Management

18FebFebruary 18, 2022

39% of Canadians are confident in their retirement plan: survey

Almost two in five (39 per cent) Canadians are confident in their retirement plan, according to a survey conducted by Pollara Strategic Insights for the Bank of Montreal Financial Group. The survey, which polled 1,500 adult Canadians, found while respondents said they need $1.6 million to retire securely, just under half (44 per cent) were confident they’ll have enough money saved to retire as planned. Indeed, 42 per cent of respondents who are widowed, divorced or separated said they don’t...

February 18, 2022

News, Slider2022, Canada, savings

15FebFebruary 15, 2022

Canada’s largest pension fund CPPIB takes engagement approach to net-zero

The Canada Pension Plan Investment Board, better known as CPP Investments or CPPIB, announced net-zero greenhouse gas (GHG) emission goals by 2050 through a decarbonisation approach focused on influencing transition within high-emitting sectors as opposed to divestment. Read also US. Pension plans increasing their focus on allocating to diverse asset managers The plan also includes increasing its investments into green and transition assets from $67 billion to $130 billion by 2030 and a carbon neutrality goal by the end of the...

February 15, 2022

News, Slider2022, Canada, Climate crisis, ESG, Investment

11FebFebruary 11, 2022

Low Demand for Reverse Mortgages in Canada: Price, Knowledge or Preferences?

By Admin SSRN au/at CIRANO, Ismael Choiniere Crevecoeur & Pierre-Carl Michaud High borrowing costs, limited knowledge and preferences could explain why few Canadians purchase reverse mortgages, an asset decumulation product that is appealing to those who are house-rich but cash-poor. In this paper, we first use an asset pricing model to calculate the actuarial fair costs of guarantees built into reverse mortgage products in Canada and compare those estimates to prevailing interest rates in the market for these products. We...

February 11, 2022

Articles, Pension design, Savings2022, Canada, Income

21JanJanuary 21, 2022

Canada. ESG challenges: talent shortage and lack of consistent standards

Just as awareness and support is accelerating for environmental, social, governance (ESG) investing, with retirement systems worldwide such as the Canadian pension system attracting attention for their strategies, an issue has arisen – a shortage of financial professionals with sustainable finance skills. Pension funds and investment managers are among the financial services organizations affected by the talent shortage, says a recent report from Toronto Finance International (TFI) and Deloitte. But banks and insurance companies are affected as well. How soon will...

January 21, 2022

News, Slider2022, Canada, ESG, Pension Management

17DecDecember 17, 2021

Canada. CPPIB targeting high carbon emitters for long-term investments

The Canada Pension Plan Investment Board is pursuing a new strategy that involves investing in businesses with high greenhouse gas emissions and a desire to reduce them. The strategy, which is published in a new report, aims to identify companies committed to creating value by lowering their emissions in a manner that’s consistent with the CPPIB’s own timeframe. The strategy was devised by Bill Rogers, managing director and head of sustainable energies; Mike Conrad, principal in sustainable energies; and Art Pithayachariyakul,...

December 17, 2021

News, Slider2021, Canada, ESG, Investment, Pension Management

May 2022

Large corporate defined benefit plans in Canada are fully funded

Aging beyond retirement: How Canadians can afford to grow old

April 2022

Canada. IMCO returns 9.6% in 2021, outperforming its benchmark

March 2022

Will this new pension option provide retirement security for more Canadians?

February 2022

Canadian Pensions Bankrolling Elder Abuse and Misappropriation of Public Money by French Long-term Care Multinational: CUPE

39% of Canadians are confident in their retirement plan: survey

Canada’s largest pension fund CPPIB takes engagement approach to net-zero

Low Demand for Reverse Mortgages in Canada: Price, Knowledge or Preferences?

January 2022

Canada. ESG challenges: talent shortage and lack of consistent standards

December 2021

Canada. CPPIB targeting high carbon emitters for long-term investments