Canada

CANADA - Approximately 75% of federal defined benefit plans are less than fully funded, Canada's federal financial institutions watchdog has revealed.

CANADA - Over 60% of chief financial officers have claimed the pension crisis in Canada is widespread and likely to persist over the next three years, according to a survey compiled by Watson Wyatt Worldwide and The Conference Board of Canada (CBC)....

CANADA - SEI Investments Canada president and CEO Patrick Walsh has left the company after more than 25 years, Global Pensions can confirm.

CANADA - The C$96bn Ontario Teachers' Pension Plan (OTPP) is to double its exposure to infrastructure from $5bn to $10bn.

CANADA - Teachers' Private Capital, the private equity arm of the C$96bn Ontario Teachers' Pension Plan (OTPP) is to sell a business acquired last year for C$1bn to Mars.

CANADA - Around 250 unionised staff of the C$96bn Ontario Teachers' Pension Plan (OTPP) have gone on strike after workers failed to reach an agreement over proposed changes to work hours and remuneration.

CANADA - The Registered Pension Plan of the Canada Post Corporation increased its total assets by $1.917bn in 2005, from $10.214bn in 2004, to $12.131bn, and made an annual return of 13.7%.

CANADA - Canadian pension plans have seen their solvency rates improve by 5% to 85% in Q1 2006, according to a Mercer Investment Consulting (Mercer IC) 2006 survey of pooled fund performance.

CANADA - The C$92.5bn Canada Pension Plan (CPP) and Goldman Sachs Asset Management's private equity group have purchased a C$1.06bn (US$925m) interest in JPMorgan Partners Global Fund.

CANADA -Large pensions plans could do more to identify funding risks on a timely basis and control them, said Office of the Superintendent of Financial Institutions Canada (OSFI) head Nicholas Le Pan.