A year after the OPSEU Pension Trust launched a new plan for nonprofit organizations, it has enrolled its first members. The OPTrust Select was launched with the goal of providing a defined benefit plan for those in Ontario’s broader public sector, charitable and nonprofit groups that don’t have their own DB plans. Seven organizations are […]
A year after the OPSEU Pension Trust launched a new plan for nonprofits, it has enrolled its first members. The OPTrust Select was launched with the goal of providing a defined benefit plan for those in Ontario’s broader public sector, charitable and nonprofit groups that don’t have their own DB plans. Seven organizations are joining, […]
In a challenging market environment, the OPSEU Pension Trust returned one per cent in 2018, down from a 9.5 per cent return in 2017. “OPTrust’s objective is to maintain the funded status of the plan without taking excessive risk,” said Doug Michael, interim president and chief executive officer of the OPTrust, in a press release. “In the […]
Hugh O’Reilly has resigned as president and chief executive officer of the OPSEU Pension Trust, effective immediately. According to a release from the pension fund, O’Reilly is leaving to pursue other interests after leading the OPTrust for four years. During his tenure, he helped implement member-driven investing, as well as supervising the launch of OPTrust […]
While investors are familiar with stress-testing their portfolios for various economic scenarios from a bottom-up perspective, a new tool is now available to incorporate climate change into stress-testing scenarios from the top down. Ortec Finance, in partnership with Cambridge Econometrics, is launching a systemic climate risk scenario tool for institutional investors. It incorporates climate risks […]
The OPSEU Pension Trust is making an additional purchase of $100 million in Ontario government green bonds, bringing its allocation in the asset to about one per cent of its total holdings. The bonds are a tool the provincial government uses to finance transit and energy efficiency projects, according to the press release. “As a […]
The OPSEU Pension Trust is partnering with several investment firms to buy three buildings in the downtown Toronto financial district. The properties are anchored to the Dynamic Funds Tower, the OPTrust’s current corporate headquarters. The other investors include the Great-West Life Real Estate Fund, the London Life Real Estate Fund and I.G. Investment Management Ltd. […]
While many companies are aware of the United Nation’s sustainable development goals, with some mentioning them directly in their disclosure reporting, only 12 per cent of those referencing the goals actually set quantitative targets for meeting them, according to new research by PIMCO. The research, which analyzed how 246 companies interact with the framework of the sustainable development goals, […]
Using a Canada-model pension plan, employees would see $5.32 in retirement income for every dollar they contribute compared to the typical $1.70 resulting from an individual approach, according to a new report by the Healthcare of Ontario Pension Plan. The report, The Value of a Good Pension, divides Canadian retirement options into five distinct types: an individual […]
The OPSEU Pension Trust’s board of trustees has appointed Tim Hannah as its new chair. Having most recently served as vice-chair, he is replacing Vicki Ringelberg, who will remain on the board. Hannah is a senior environmental officer with the ministry of the environment, conservation and parks, as well as a union activist. Read: Ontario Teachers’ makes three […]