Canada

CANADA - The nation's pension funds were the successful exception to the global rule, according to the country's finance minister, despite company sponsored plan membership falling 10% in two years.

CANADA - Canadian pension funded ratios were at the highest level in five years, according to Watson Wyatt.

CANADA - The Ontario Municipal Employees Retirement System (OMERS) has blasted the Ontario Expert Commission on Pensions for failing Canadian businesses through what it said was too strict regulation governing pension investments.

CANADA - The high value of the Canadian dollar has again caused problems for pension funds and other institutional investors, according to a report by RBC Dexia Investment Services (RBC DIS).

CANADA - An employee association has called on the Ontario Expert Commission on Pensions to examine how strictly legislation was being implemented claiming employees were ‘being seriously adversely affected'.

CANADA - Retired union members have planned a congress to address why 60% of Canadian workers have no workplace pension at all.

CANADA - Torstar Corporation has appointed CIBC Mellon Global Securities Services as the trustee and asset servicing provider for the company's pension and master trust.

CANADA - Teachers' Private Capital, the private equity and venture capital arm of Canada's Ontario Teachers' Pension Plan (OTPP) has appointed Erol Uzumeri as its head.

CANADA - The Ontario Teachers' Pension Plan (OTPP) has acquired Glass Lewis & Co, an investment researcher and governance services provider, for US$46m.

CANADA - Actuaries have called on the government to implement a 10-point plan to help millions of Canadians save for an independent retirement and reverse the decline in defined benefit (DB) plans.