UPP – Benefits Canada.com

OMERS committing to net zero, UPP facing divestment calls from university staff

bwolfe — Mon, 29 Nov 2021 14:00:44 +0000

The Ontario Municipal Employees Retirement System is the latest pension plan to commit to net-zero greenhouse gas emissions across its total portfolio by 2050. In a press release, the OMERS said its path to net zero will be informed by the annual calculation and public disclosure of its total portfolio carbon footprint. The release also […]

The post OMERS committing to net zero, UPP facing divestment calls from university staff appeared first on Benefits Canada.com.

Institutional investors teaming up to promote net-zero economy

bwolfe — Thu, 14 Oct 2021 13:00:51 +0000

Canadian pension funds are among the institutional investors participating in Climate Engagement Canada, a new initiative to promote a net-zero economy. The initiative, which is coordinated by several investor networks, is launching with 27 institutional investors that collectively manage more than $3 trillion in assets, according to a press release. The participating pension funds include […]

The post Institutional investors teaming up to promote net-zero economy appeared first on Benefits Canada.com.

UPP building on jointly governed pension model with a pandemic launch

lbailey — Fri, 17 Sep 2021 12:53:24 +0000

When the University Pension Plan officially launched in July 2021, it did so with Barbara Zvan as its inaugural president and chief executive officer. Fresh from a 25-year career with the Ontario Teachers’ Pension Plan, she was appointed by the UPP’s board of trustees in July 2020. While most of the foundational work had been […]

The post UPP building on jointly governed pension model with a pandemic launch appeared first on Benefits Canada.com.

UPP naming CIO, senior managing director of private markets

Gideon Scanlon — Thu, 16 Sep 2021 14:30:08 +0000

The University Pension Plan is appointing Aaron Bennett (pictured left) as its first chief investment officer. In his new role, Bennett will be responsible for establishing an innovative, risk-optimized investment strategy designed to offer retirement security to plan members and promote responsible investing, according to a press release. Read: UPP naming Christophe L’Ahelec director of external manager program […]

The post UPP naming CIO, senior managing director of private markets appeared first on Benefits Canada.com.

UPP selects CIBC Mellon for investment operations, pension plan member services

Jennifer Paterson — Tue, 27 Jul 2021 13:00:03 +0000

The University Pension Plan has selected CIBC Mellon to provide asset servicing, investment operations and plan member services, including custody, institutional accounting, performance and analytics, risk, compliance and pension benefit payment services. The jointly sponsored pension plan, which was launched on July 1, currently covers employees at Queen’s University, the University of Guelph and the University of Toronto, with […]

The post UPP selects CIBC Mellon for investment operations, pension plan member services appeared first on Benefits Canada.com.

Canada’s largest pension funds come together at inaugural climate change event

Gideon Scanlon — Wed, 16 Jun 2021 13:00:10 +0000

Representatives from eight of Canada’s largest pension funds — known as the Maple Eight — participated in the first meeting of the Sustainable Finance Action Council last week. On June 11, representatives of the Alberta Investment Management Corp., the British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension […]

The post Canada’s largest pension funds come together at inaugural climate change event appeared first on Benefits Canada.com.

First State Super, VicSuper merger update

mschmit — Mon, 29 Jul 2019 05:25:21 +0000

For pension plans, consolidation can come with benefits. And around the world, funds are announcing they’re moving forward with plans to merge. In Canada, members of the United Steelworkers locals at the University of Toronto, University of Guelph and Queen’s University voted in June to create a jointly sponsored plan, with the goal of transferring […]

The post First State Super, VicSuper merger update appeared first on Benefits Canada.com.

University staff, founders’ members vote in favour of new university pension plan

mschmit — Tue, 26 Feb 2019 07:29:08 +0000

Staff at Queen’s University, the University of Guelph, the University of Toronto and members of the United Steelworkers union have voted in favour of setting up a new multi-employer university plan. The University Pension Plan Ontario is proposed to be a jointly-sponsored plan including six labour groups, three staff unions and three faculty associations from the […]

The post University staff, founders’ members vote in favour of new university pension plan appeared first on Benefits Canada.com.