Canada

USA/CANADA - Canadian pension funds are hiring and firing investment managers at an unprecedented pace in an effort to combat the solvency problem, according to a Greenwich Associates report.

US/CANADA - Employees' rates of contribution to employer-sponsored defined contribution (DC) schemes in North America fall well below estimates of the savings levels required for a comfortable retirement, a new study has found.

CANADA - The Canadian Union of Public Employees, CUPE, is pushing for joint trusteeship of the Ontario Municipal Employees' Retirement System (OMERS), on the back of series of ‘under the radar' deals concerning Borealis Capital Corporation.

CANADA - The restructuring of insolvent Air Canada faces possible derailment over a revision of how the company plans to deal with pension plans.

CANADA - Sponsors of defined contribution pension plans in Canada believe that efforts to educate pension plan members are not working and could expose their organisation to litigation, according to a joint study commissioned by SEI Investments Canada...

CANADA - Northern Trust Canada has made a number of promotions and senior hires.

CANADA - La Caisse de Depot et Placement du Quebec (CDP), the C$129.6bn Canadian pension plan, has filed for damages in the order of C$110m against Bell Canada International (BCI) over the company's recapitalisation plan.

CANADA - Canadian defined benefit schemes have a C$225bn shortfall, 20% of the country's GDP, a survey conducted by three Canadian consultants has revealed.

CANADA - AIC has chosen State Street to provide domestic securities lending services for C$7.5bn in assets from its family of Canadian mutual funds.

CANADA - The Alternative Investment Management Association has announced the launch of the AIMA Canada Chapter with 38 founding members.