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Examining an Insider’s View of Canada’s Pension Debate

Last month, the Toronto Star interviewed Tom Reid of Sun Life to get an insider’s view of Canada’s pension debate. The interview can be read here. This week, Leo Kolivakis of the Pension Pulse blog penned his own critical examination of the debate. The post can be read below. ____________________________________ By Leo Kolivakis, Pension Pulse Indeed, ...
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Unions Speak Out Against Quebec’s Bill 3, Plan Next Moves

Quebec’s controversial pension reform legislation, Bill 3, passed into law last week. The law divvies up responsibility for paying down governments $3.9 billion pension debt 50-50 between employers and employees. As a result, employees now shoulder more of the burden for paying down pension debt in the form of higher contributions. Now, union leaders ...
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Canada Pension Eyes Corporate India

The Canada Pension Plan Investment Board (CPPIB) – the entity that manages assets for Canada’s biggest pension plan – has made a flurry of investments in India-based corporations over the past few years. And the flow of pension money to India isn’t likely to slow down – the country is a “key” part of CPPIB’s long-term plan, according ...
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Quebec Passes Controversial Pension Reform Into Law

Despite the legal threats of unions and the protests of public workers, Quebec’s controversial pension reform measure passed into law Thursday. The law, Bill 3, mandate that workers contribute a higher percentage of their paychecks to their pensions. In short, they split the bill 50-50 with municipalities. More details from CBC: The bill was passed ...
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Ontario Teachers’ Pension Chief Explains Why Fund Looks Outside of Canada For Direct Investment Opportunities

The Ontario Teachers’ Pension Plan (OTPP) is among the growing number of pension funds making large direct investments in companies – buying stakes in companies directly as opposed to working with private equity firms. But the vast majority of the OTPP’s direct investments are made in foreign companies, not Canada. Why is that? OTPP chief executive ...
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Ontario Teachers’ Pension Names New Director of Europe, Middle East and Africa Investments

The Ontario Teachers’ Pension Plan has appointed private equity veteran Jo Taylor to the post of Managing Director for Europe, Middle East and Africa (EMEA). Taylor will also head the pension fund’s London office. From an OTPP release: In his new role, Mr. Taylor retains primary responsibility for Teachers’ Private Capital and private ...
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Canada Pension Funds In Talks To Buy Satellite Company

Canada’s Public Sector Pension Investment Board and the Ontario Teachers’ Pension Plan are putting together a $7 billion deal to acquire Canadian satellite company Telesat Holdings Inc. When all is said and done, each pension fund will have a 50 percent stake in the company. More from Businessweek: Under the terms being discussed, the funds will ...
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Canada Pension Eyes $1 Billion of Australian Timber

Canada’s Public Sector Pension Investment Board (PSP) is in talks to buy $1 billion worth of Australian timber assets from Hancock Timber Resource Group. More details from the Australian: CANADA’S Public Sector Pension Investment Board could be about to swoop on one of Australia’s most valuable timber plantations, with sources saying about $1 ...
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Study: Public Pensions Gained Confidence in 2014

A survey of 187 public pension plans across the U.S. and Canada suggests that funds are feeling more confident about their long-term sustainability and their “readiness to address future retirement issues.” The survey, conducted by the National Conference on Public Employee Retirement Systems (NCPERS) and Cobalt Community Research, was released ...
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Pension Funds Criticize Excessive Private Equity Fees; More Look To Direct Investing

Pension fund officials from Canada and the Netherlands expressed their frustration with private equity fees during a conference this week. The chief investment officer of the Netherlands’ $220 billion healthcare pension fund said it needs “to think about” the fees it is paying, according to the Wall Street Journal. Ruulke Bagijn, chief investment ...
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