North America

CANADA - Q3 saw Canadian pension plans suffer their largest quarterly decline in a decade, RBC Dexia Investor Services has revealed.

CANADA/UK - The Ontario Municipal Employees Retirement System (OMERS) has established an office in London, in a quest to accelerate its expansion into private market investments and to pursue a global presence.

CANADA - The Ontario Teachers' Pension Plan (OTPP) has acquired US-based Acquilex Holdings, a maintenance, cleaning and repair company for the oil refining, fossil power, nuclear, petrochemical and waste-to-energy industries, for an undisclosed sum.

CANADA - The Ontario Teachers' Pension Plan (OTPP) has introduced a change to its cost-of-living allowance, in order to eliminate a C$12.7bn (US$11.9bn) shortfall reported earlier this year.

CANADA/US - A Canadian union has attacked the government over its silence on measures to protect pension fund savings and demanded action in the face of CAN$80bn (US$75.8bn) in losses since the end of March.

CANADA - The $108.5bn Ontario Teachers' Pension Plan (OTPP) has increased its total holding in the equity of Hammerson plc to 8,950,000 ordinary shares, representing approximately 3.1% of the issued ordinary share capital of the company.

CANADA - Company pension plans are still in deficit, as sponsors continue to take investment and interest rate risk with portfolios, according to Mercer.

CANADA - The Official Committee of Unsecured Creditors (Committee) of CFM US Corporation has filed a complaint against the Ontario Teachers Pension Plan Board (OTTPB).

CANADA - The CAN$52bn (US$48.6bn) Ontario Municipal Employees' Retirement System (OMERS) has bought Canadian analytical laboratory services network Maxxam Analytics International.

NORTH AMERICA - Oil companies should be forced to factor in the carbon cost of extracting future reserves when reporting, according to a letter delivered to the Securities and Exchange Commission (SEC).