CANADA - The Association of Municipalities of Ontario (AMO) said the passage of controversial Bill 206, aimed at providing at supplemental pension benefits for OMERS members, would impose extra costs on municipal budgets and tax payers.
AMO said the Bill’s 2.33% accrual rate benefit alone would cost property tax payers C$50m a year by the time it had worked its way into collective agreements across the Province. AMO president Roger Anderson...
CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.
CANADA - The nascent Canadian longevity risk transfer market could hit $20bn by 2020, Swiss Re finds.
CANADA/US - Teachers' Private Capital, a unit of the C$107.5bn ($106.4bn) Ontario Teachers' Pension Plan, and the $37.3bn Teachers' Retirement System of the State of Illinois have made equity investments to finance company NXT Capital.
CANADA - Canadian pensions marked their lowest quarterly returns since the start of the financial crisis on the back of world-wide market uncertainty, said RBC Dexia.
CANADA - CPP Investment Board (CPPIB) and Oxford Properties, the real estate arm of the Ontario Municipal Employees Retirement System, have teamed up to build the Royal Bank of Canada's new Toronto headquarters.