Connect with us

OPTrust Launches OPTrust Select

Published

on

The OPSEU Pension Trust (OPTrust), one of Canada’s largest defined benefit pension plans, launched OPTrust Select. The new program is aimed at Ontario organizations in the wider public sector, charitable and not-for-profit space that do not have a traditional workplace defined-benefit plan, but may have a defined contribution plan.

OPTrust Select will offer the following (source: OPTrust press release):
1. Members contribute 3% of earnings and employers match the contributions
2. An annual pension accrual rate of 0.6% of earnings;
3. Earnings upgrades and cost of living increases, dependent on the Plan’s funded status and annual Board approval.

OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.

Crown Court Dismisses Charges on Barclays Qatar Loan Deal

Published

on

Barclays can breathe some fresh air for now over a high-profile corporate case. In February 2018, the U.K. Serious Fraud Office (SFO) had brought charges against Barclays and Barclays Bank in regard to the capital raising deals made in 2008. The bank could have lost its banking license, if found guilty of the charges. A number of bank executives were personally charged as well.

The Charges

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Mubadala Participates in PLT Platform Expansion

Published

on

The Russian Direct Investment Fund (RDIF) corralled a number of Middle Eastern funds, including the Mubadala Investment Company, to augment investment exposure to a logistics infrastructure investment platform called Professional Logistics Technologies (PLT). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Ireland Finance Minister Donohoe Reveals Rainy Day Fund Targeting €8 Billion

Published

on

On May 23, 2018, Ireland Finance Minister Paschal Donohoe revealed that Ireland is planning to create a new rainy day fund, setting aside approximately €8 billion in the medium-term to buffer the country from future economic shocks. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.