CANADA - Trustees of the Canadian Commercial Workers Industry Pension Plan (CCWIPP) are being sued by the Financial Services Commission of Ontario (FSCO) for allegedly failing in the administration and investment of the fund.
A report from the financial services body found the fund was grossly underfinanced and, as a result, it is suing the trustees over CAN$280m (US$260m) worth of what it claims were "bad investments". The...
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.