Canada

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  1. Ontario Finance Ministry seeks actuary to help create supplemental pension plan

    trueOntario Ministry of Finance issued an RFP for an actuarial consulting firm to assist in creating the province’s proposed supplemental defined benefit plan.

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  1. CIBC said to mull offer for LSE's Russell Investments

    trueCanadian Imperial Bank of Commerce is weighing a bid for Russell Investments,which London Stock Exchange Group is preparing to sell early next year.

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  2. Supplemental DB plan legislation introduced in Ontario

    trueThe Ontario Finance Ministry introduced legislation to create a mandatory provincial defined benefit plan to supplement the C$234.4 billion (US$204.8 billion) Canada Pension Plan, Ottawa, and a separate pooled provincial defined contribution retirement plan.

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  3. Quebec legislators approve shared-risk structure for municipal pension funds

    trueQuebec municipal defined benefit plans will change to a shared-risk structure from a final-salary pension framework under legislation approved Thursday by the province’s National Assembly.

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  4. OPTrust names new president, CEO

    trueHugh O'Reilly on Thursday was named president and CEO of OPTrust, Toronto, effective Jan. 1.

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  5. Prince Edward Island pension fund looking for investment manager for entire portfolio

    trueSummerside (Prince Edward Island) Employees Pension Plan is searching for an investment manager to run the assets of the C$23 million (US$20 million) defined benefit fund.

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  6. Ontario Teachers' Pension Plan appoints EMEA managing director

    trueJo Taylor was named managing director of Europe, the Middle East and Africa investments at the Ontario Teachers' Pension Plan.

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  7. Canada Mortgage and Housing Corp. seeks administrator, record keeper

    trueCanada Mortgage and Housing Corp. is searching for a firm to serve as both administrator and record keeper for its C$1.54 billion (US$1.36 billion) defined benefit plan.

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  8. Uebelein has big shoes to fill at AIMCo

    trueKevin Uebelein, who on Nov. 19 was named the new CEO of the C$76 billion (US$70 billion) Alberta Investment Management Corp., has some big shoes to fill. But AIMCo's chairman said he's a perfect fit to make the money manager more “client-centric.”

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  9. University of British Columbia faculty eyes fossil-fuel divestment for endowment

    trueUniversity of British Columbia Faculty Association members early next year will vote on whether to ask the university's board of governors to divest its C$1.35 billion (US$1.19 billion) Vancouver-based endowment's holdings in fossil-fuel stocks within five years.

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  10. CPPIB commits additional $400 million to China real estate joint venture

    trueCanada Pension Plan Investment Board committed an additional US$400 million to Goodman China Logistics Holding, the board’s joint venture with real estate investment manager Goodman Group, to develop logistics projects in China.

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  11. AIMCo taps former Pyramis head to succeed Leo de Bever as CEO

    trueKevin Uebelein was named CEO of the C$76 billion (US$70 billion) Alberta Investment Management Corp., effective Jan. 5.

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  12. Toronto launches actuary search for 5 frozen DB plans

    trueToronto is searching for a firm to conduct an actuarial valuation of the city’s five frozen defined benefit plans.

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  13. U.S. real estate still attractive to foreign institutional investors

    trueForeign capital is flooding into U.S. real estate despite lower return expectations.

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