Canada
Comment: The first of many buy-in/buyout deals for North America
It's been a busy month for the North American de-risking market. In March, Global Pensions reported the start of the buy-in/buyout market in the US was imminent, and likely to emerge before the end of the year. It appears we were right.
CPPIB-led consortium takes stake in gas transportation network
CANADA/NORWAY - A consortium of investors including the Canada Pension Plan Investment Board (CPPIB) has agreed to acquire a 24.1% stake in Norway's Gassled Joint Venture.
CPPIB acquires 50% of Australian shopping centre
AUSTRALIA/CANADA - The Canada Pension Plan Investment Board has bought a 50% stake in an Australian shopping centre for A$455m ($488m).
Week on the web
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
Acadian lands $104m for new managed volatility approach
CANADA - A Canadian pension plan has invested $104m in the new version of Acadian Asset Management's managed volatility strategy that mixes developed and emerging equities, the firm said.
CPP reaches record high in fiscal 2011
CANADA - The Canada Pension Plan (CPP) ended the fiscal year with a C$20.6bn ($21bn) increase in assets under management, marking an all-time high for the fund.
Week on the Web: What stories have you missed out on this week?
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
Video: Nortel paved path for buyouts across Canada
UK/ CANADA - Last week's passage of the Ontario budget gave approval for the Nortel pension plan to put through what could be North America's first pension buyout. Ronald Olsen, vice president at Sibson Consulting, who assisted the plan with its proposal,...
CPPIB takes holdings in German, US shopping centres
CANADA/GERMANY/US - The Canada Pension Plan Investment Board (CPPIB) has acquired holdings in a string of shopping centres in Germany and the US.
UFCW hires RBC Dexia as custodian
CANADA - The United Food and Commercial Workers Pension Plan has hired RBC Dexia Investor Services as custodian for its multi-employer pension plan.
OTPP deeper in the red as members age
Despite delivering strong investment returns during 2010 the C$107bn ($112.6bn) Ontario Teachers' Pension Plan continues to face a C$17.2bn funding shortfall. Helen Morrissey speaks to OTPP's president and CEO Jim Leech about how the plan is addressing...
Caisse consolidates real estate subsidiaries
CANADA - The Caisse de dépôt et placement du Québec has consolidated its real estate subsidiaries under the banner of the Ivanhoe Cambridge Group.
Fully-funded HOOPP returns 13.68%
CANADA - The Healthcare of Ontario Pension Plan (HOOPP) returned 13.68% in 2010, ending the year with C$35.7bn ($37.3bn) in net assets.
Pension funds make C$1bn bid for TimberWest
CANADA - The Public Sector Pension Investment Board and British Columbia Investment Management Corporation have agreed to acquire TimberWest Forest Corp for C$1.03bn ($1.07bn).
More Canadian funds turn to DC
CANADA - Canadian private pension funds have hit a "tipping point" with more than half converting defined benefit plans to defined contributions for current or future employees, a Towers Watson survey found.
OTPP reaps record returns but deficit still grows
CANADA - The Ontario Teachers' Pension Plan added C$13.3bn ($13.9bn) in investment income in 2010, the highest in its history, but continues to face severe funding woes.
Canadian pension plans take the risk-shedding route
Jay Cooper explores the myriad ways Canadian pension funds are implementing de-risking strategies
New national DC plan to whittle away at traditional Canadian DC fees
A new DC plan meant to cover the self-employed and those at small companies could eat away profits of other DC managers, as Jay Cooper reports
Canadian pensions: Caisse's risk reformer
Canada's C$151.7bn Caisse de dépôt et placement du Québec endured turbulent times during the credit crisis leading to chief executive officer Michael Sabia announcing a stronger risk management ethos to investment strategy in January 2010. Helen Morrissey...
Canadian opposition pledge to expand CPP
CANADA - Opposition Liberal Party Leader Michael Ignatieff has proposed a "gradual expansion" of the Canada Pension Plan (CPP) and pledged an extra C$700m ($720m) in annual payments to older people on low incomes.
Week on the Web 18 March - 24 March 2011: What stories have you missed out on this week?
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
Week on the Web 11 March - 17 March 2011: What stories have you missed out on this week?
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
Quebec launches inclusive pension programme
CANADA - Quebec has become the first Canadian province to introduce a new pension programme for workers who don't have their own retirement savings.
HOOPP looks to tie staff pay to liability matching success
CANADA - Staff at the Healthcare of Ontario Pension Plan (HOOPP) could soon be compensated for how well they match liabilities.
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