Canada

CANADA - The Financial Services Commission of Ontario (FSCO) is reviewing whether to take action against the C$1.2bn (US$987m) Canadian Commercial Workers Industry Pension Plan (CCWIPP), following a two-year probe which found the fund has poured more...

CANADA - The Hospitals of Ontario Pension Plan (HOOPP), one of Canada's largest pension plans, has appointed Northern Trust as its new global custodian.

CANADA - Canadian balanced funds have posted a solid 3.2% gain for the second quarter, lifting one-year results to 11.3%, a new survey by RBC Global Services has found.

CANADA - Canadian balanced fund managers failed to improve on the overall state of the country's pension funds despite performing "fairly well" according to a new survey.

CANADA - John Lockbaum has been appointed RBC Global Services' head of funds services for Canada, in a move that will see him leave his joint role as senior vice president and managing director at ING.

UK/CANADA - AMVESCAP has "unanimously concluded" that an indicative approach by the Canadian CI Fund Management to acquire the company's lucrative Canadian operations, AIM Trimark, is to be turned down.

CANADA - The OMERS Board has approached the Ontario government to gain approval for an average plan contribution increase of 0.6% of earnings for both employers and employees for 2006.

CANADA - The Office of the Superintendent of Financial Institutions (OSFI) has released the results of a survey conducted to gauge public confidence in Canadian financial institutions and pension plans.

CANADA - Faced with a "demographic timebomb" and intensifying international competition, Canada must look to improve productivity growth, says federal finance minister Ralph Goodale (pictured).

CANADA - Canadian employers are paying increasing attention to governance of their pension plans, with managing pension risk the biggest focus, according to Towers Perrin.