Pension Pulse

Benefits Canada reports Canadian pension funds receive top scores in transparency benchmark: The Canada Pension Plan Investment Board is the world’s most transparent pension fund, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc. The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing. While the rankings are in their second year, this is the first time it’s sharing the scores of 75 underlying pension funds. The CPPIB received the best overall score as well as the top score for governance disclosures, followed by the Government Pension Fund of Norway in second place. The top five funds also included the Public Sector Pension Investment Board and the Ontario Teachers’ Pension Plan, in third and fourth place, respectively. Canada also topped the country list for governance for the

BCI released its results last week, announcing a 7.4 per cent annual return for Fiscal 2022: Generated an additional $4.4 billion in added value and increased assets under management to $211.1 billion. Highlights for fiscal year ending March 31, 2022: One-year annual return of 7.4%, representing $4.4 billion in added value Five-year annualized return of 8.3%, representing $7.7 billion in added value 10-year annualized return of 9.1%, representing $13.2 billion in added value 20-year annualized return of 7.7%, representing $15.3 billion in added value Net assets under management increased by $11.5 billion to $211.1 billion in fiscal year 2022 VICTORIA, BC (July 21, 2022): British Columbia Investment Management Corporation (BCI) announced today an annual combined pension plan return of 7.4 per cent, net of all fees, for the fiscal year ended March 31, 2022, against a combined market benchmark of 4.6 percent. The returns generated $4.4 billion in added value for BCI’s pension

The Brandon Sun reports Cando sold to Alberta Crown corporation: Local company Cando Rail & Terminals Ltd. has been purchased by the Alberta Investment Management Corporation, according to a release issued Wednesday morning by private equity management company TorQuest Partners. Last year, Bloomberg reported that Cando was exploring a sale valued around $1 billion. The company became majority-owned by TorQuest in November 2018. While the details of the deal were not disclosed, the transaction is expected to close in the third or fourth quarter of this year. The president and chief executive officer of Cando, Brian Cornick, said in a phone interview he couldn’t discuss the terms of the accord due to a confidentiality agreement.