CANADA - The Financial Services Commission of Ontario (FSCO) has formally requested information from the Canadian Union of Public Employees (CUPE) Ontario relating to the investment activity of the Ontario Municipal Employees Retirement System (OMERS) on the back of a lawsuit filed by the union in May.
The lawsuit against OMERS and three of its managers alleges the managers were unjustly enriched at the expense of pension plan members and seeks C$60m in damages from the three managers, to be retu...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date