CANADA/US - Direct infrastructure investment is attracting attention from an increasing number of North American pension funds demonstrated by two major funds commiting funds to the asset class.
Borealis Infrastructure, an investment arm of the Ontario Municipal Employees Retirement Board (OMERS), has committed an unspecified amount to New York Regional Interconnect (NYRI) in the development of its proposed electrical transmission project in the state.
New Jersey’s State Investment Council yesterday discussed the inclusion of infrastructure in pension portfolios for the first time.
It continued to put forward options of investment in hedge funds and private equity, but unions were reportedly angered at the debate citing it as a potentially risky strategy.
Some council members agreed it was an opportunity to be explored, but warned the strategy carried risks.
Borealis was set up in 1998 to manage the infrastructure investments of OMERS’ $43bn in assets.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.