Latest news with #CanadaPensionPlan
Yahoo
20 hours ago
- Business
- Yahoo
Alberta's $334 Billion Power Play Could Blow Up Canada's Pension System
Alberta is rattling the foundations of Canada's pension modeland investors are watching closely. Premier Danielle Smith has fired the entire board of Alberta Investment Management Corp. (Aimco), eliminated over two dozen positions, and shut down its New York and Singapore offices. Her message: pension funds should focus on returns, not ideology. Smith is now building momentum for an even bigger moveexiting the C$714 billion Canada Pension Plan (CPP). A government-commissioned report suggested Alberta might be entitled to as much as C$334 billion if it left, though experts remain divided on that figure. Still, Smith is pushing forward, launching a province-wide consultation campaign and hinting at a possible referendum as early as next year. Warning! GuruFocus has detected 4 Warning Signs with BX. Inside Aimco, the tone has shifted dramatically. The fund's DEI and ESG programs are gone. Its global expansion has been reversed. And a new CIO, Justin Lord, is now steering the ship with a mandate to cut costs and rein in private equity exposure. Smith has been vocal in her criticism of high-fee strategies, calling out investments in firms like Blackstone (NYSE:BX) and KKR (NYSE:KKR) unless performance warrants the premium. Some staff now describe the culture as increasingly bureaucratic, with a lack of clarity on direction. Aimco says it's still committed to delivering strong, risk-adjusted returnsbut the political pressure is impossible to ignore. Smith's ambitions go far beyond pensions. In July, she injected C$2.8 billion into the Alberta Heritage Savings Trust Fund, lifting its size to C$30 billion. Her target? C$250 billion by 2050. That would require near-9% annualized returnsaggressive, but potentially game-changing. With oil production rising and the federal government under new leadership, Alberta is betting big on financial independence. The message from Smith is clear: Alberta wants more control, more returns, and less Ottawa. And if her vision plays out, Alberta's next big export might not be oilit could be a new playbook for pension sovereignty. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
6 days ago
- Business
- Cision Canada
CPP Investments Sells Stake in Real Estate Joint Venture with Phoenix Mills
MUMBAI, India, July 24, 2025 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) today announced that it has agreed to sell its 49% interest in Island Star Mall Developers Private Limited (ISMDPL), a strategic investment platform established with The Phoenix Mills Limited (PML). The stake will be sold to PML and affiliates. Net proceeds to CPP Investments from the sale will be approximately INR 54.5 billion (C$871 million) before closing adjustments. ISMDPL was set up by CPP Investments and PML in 2017 to develop retail-led mixed-use projects across India. The platform initially included Phoenix MarketCity Bangalore, a shopping mall in Bengaluru, and later expanded to include three additional retail development assets. "The Indian retail sector has experienced consistent growth, driven largely by favorable demographics and the expanding middle class," said Hari Krishna V, Managing Director, Head of Real Estate India, CPP Investments. "Through our longstanding partnership with Phoenix Mills, a seasoned retail-led mixed-use operator in India, we have been able to capture opportunities within this market. This investment generated strong returns for the CPP Fund. With net assets totalling C$30 billion in India, we continue to explore investment opportunities in the country across industries." Following the transaction, CPP Investments and PML continue to have other joint ventures in India, including a regional retail center in Kolkata and an office-led mixed-use asset in Mumbai. About CPP Investments Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled C$714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments.
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
CPP Investments Sells Stake in Real Estate Joint Venture with Phoenix Mills
MUMBAI, India, July 24, 2025 /CNW/ – Canada Pension Plan Investment Board (CPP Investments) today announced that it has agreed to sell its 49% interest in Island Star Mall Developers Private Limited (ISMDPL), a strategic investment platform established with The Phoenix Mills Limited (PML). The stake will be sold to PML and affiliates. Net proceeds to CPP Investments from the sale will be approximately INR 54.5 billion (C$871 million) before closing adjustments. ISMDPL was set up by CPP Investments and PML in 2017 to develop retail-led mixed-use projects across India. The platform initially included Phoenix MarketCity Bangalore, a shopping mall in Bengaluru, and later expanded to include three additional retail development assets. 'The Indian retail sector has experienced consistent growth, driven largely by favorable demographics and the expanding middle class,' said Hari Krishna V, Managing Director, Head of Real Estate India, CPP Investments. 'Through our longstanding partnership with Phoenix Mills, a seasoned retail-led mixed-use operator in India, we have been able to capture opportunities within this market. This investment generated strong returns for the CPP Fund. With net assets totalling C$30 billion in India, we continue to explore investment opportunities in the country across industries.' Following the transaction, CPP Investments and PML continue to have other joint ventures in India, including a regional retail center in Kolkata and an office-led mixed-use asset in Mumbai. About CPP InvestmentsCanada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled C$714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments.
Hamilton Spectator
22-07-2025
- Business
- Hamilton Spectator
July 2025 CPP, increased OAS payments arrive soon for eligible Canadians
Canada Pension Plan (CPP) and Old Age Security (OAS) July payments come out soon. The payment dates for both CPP and OAS are set for Tuesday, July 29. If you're entitled to receive either of those benefits, the money should arrive in your bank account then. According to the Canada Revenue Agency, those who receive OAS will see a one per cent increase in benefits for the July to September 2025 quarter, reflecting a 2.3 per cent annual increase from July 2024 to July 2025, based on the Consumer Price Index. OAS is reviewed in January, April, July and October to reflect increases in the cost of living. However, your payment won't decrease if the cost of living goes down. Several provincial and federal government benefit payments come out in July. The goods and services tax/harmonized sales tax credit, Advanced Canada Workers Benefit, Ontario Trillium Benefit, Canada Child Benefit, CPP, OAS and Ontario Disability Support payment are paid this month to eligible Canadians. The new Canada Disability Benefit payments also started in July for applications received and approved by June 30. To be eligible for CPP, you must be at least 60 years old and have made at least one contribution to the plan. Contributions must have been made from work conducted in Canada, or as a result of credits from a former spouse or former common-law partner. Maximum CPP pension at age 65 as of January 2025 is $1,433 per month. The average CPP pension at age 65 as of April 2025 is $844.53 per month. The maximum and average CPP amounts isn't guaranteed. The amount of your CPP retirement pension depends on different factors, such as: You can get an estimate of your monthly CPP retirement pension payments by signing in to your My Service Canada Account . The OAS is a monthly payment you can get if you are 65 and older. In most cases, Service Canada will be able to automatically enrol you for the OAS pension if sufficient information is available. Service Canada will inform you if you have been automatically enrolled. The maximum OAS pension amounts from July to September 2025 for people aged 65 to 74 is $734.95. If you're 75 and over, the maximum monthly payment is $808.45. To receive the OAS your annual net world income in 2024 must be less than $148,541 for those aged 65 to 74, and less than $154,196 for people 75 and over. However, the CRA provides a new online OAS benefit payment estimator to give you an idea of how much your payment will be. Haven't received your payment? Wait 10 working days from the payment date to contact the Canada Revenue Agency . For information about ODSP, visit the province's information page . Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Edmonton Journal
17-07-2025
- Politics
- Edmonton Journal
Smith hears mixed reviews for Alberta Next pitches from Edmonton crowd
Premier Danielle Smith and members of her Alberta Next panel faced more mixed reviews from an east Edmonton crowd Wednesday night than the largely positive response the evening prior in Red Deer. Article content The event was branded as the panel's Sherwood Park town hall but was held in an Edmonton hotel ballroom just west of the suburb community. Article content Article content Smith's panel along with the boisterous crowd of roughly 500 in attendance, and over 40,000 livestream viewers, heard from 72 speakers primarily on the six topics raised on the panel's website regarding Alberta's relationship with Ottawa. Article content Article content The second event in a cross-province series came after Smith and the panel debuted before a largely receptive town hall audience in Red Deer on Tuesday. Article content Article content On Wednesday, Smith drew a round of applause on entering the room to begin the event, but her opening remarks listing grievances against Ottawa were interrupted by heckles and laughter before concluding with another round of applause. Article content 'Alberta has an Ottawa problem,' she said. 'Regardless of what each of us believes about these issues or what path we think is best, we as Albertans have to be able to respectfully debate and discuss the issues her.' Article content The discussion of topics to push back against Ottawa was preceded by the same videos that must be watched before taking one of the survey's on the panel's website, with the pre-recorded messages together taking up roughly half an hour of what was a two-hour and 45-minute-long event. Article content Article content The most vocal opposition from the crowd came from speakers addressing a potential Alberta pension plan. Article content Two of the 11 speakers on the issue were in favour of leaving the Canada Pension Plan (CPP). Article content Those opposed to leaving CPP stressed the risks of a making that move as well as how the issue appeared to have been settled. Article content 'Why is this question even a question when we've already done this survey,' a speaker named Nicole asked, pointing to the province's own survey from 2023 that Postmedia prompted the province to publish after it withheld the results for 21 months. That survey showed just 10 per cent of respondents wanted a provincial pension plan. Article content Fort Saskatchewan's Roberta Stasyk called a provincial plan 'a horrible idea' while questioning how it made Alberta look to the rest of Canada. Article content 'We sound like bratty children.'
