Canada

CANADA - The Alberta government has agreed to fund C$6.4bn in liabilities in the Teachers' Pension Plan, removing the burden from taxpayers.

UK - The outlook for defined benefit (DB) pension plans is uncertain with less than 40% of schemes still open and over a third of these likely to close within the next five years, according to the results of Alexander Forbes Financial Services annual...

CANADA - The Nova Scotia government is looking to amend its legislation to ensure all pension plans are fully funded when a company leaves the province or winds down its pension plan.

CANADA - The Alberta government has agreed to fund C$6.4bn in liabilities in the Teachers' Pension Plan, removing the burden from taxpayers.

CANADA - Unions representing public servants, military and Royal Canadian Mounted Police (RCMP) personnel have lost a claim for the C$46bn (US$46.5bn) surplus generated in their pension plans.

CANADA/NEW ZEALAND - The Canada Pension Plan Investment Board (CPPIB) has released the latest details of its long-delayed plan to increase its holdings in Auckland International Airport Limited (AIAL).

CANADA - A C$165m (US$168.6m) venture capital fund is to be established in Ontario with pension money to create jobs and help companies, according to premier Dalton McGuinty.

CANADA - The Ontario Teachers' Pension Plan (OTPP) has offered to buy into Railpower Technologies Corp for C$35m (US$36.6m) in convertible bonds.

CANADA - bfinance has opened an office in Toronto, under the leadership of Peter Wright.

CANADA/NEW ZEALAND - The Canada Pension Plan Investment Board (CPPIB) plans to make another partial takeover offer to all shareholders of Auckland International Airport Limited (AIAL).