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With current market conditions and a low interest rate
environment creating sustainability-related concerns for sponsors
of defined benefit ( DB ) pension plans, the de-risking of pension plans has been top of mind for
many pension plan sponsors. For public sector pension plans
sponsored by a single employer (and other prescribed plans) in
Ontario, there is an opportunity to reduce cash flow and balance
sheet volatility in respect of DB pension liabilities through
converting into a jointly sponsored pension plan (a JSPP ).
This SEPP to JSPP conversion is the first of its kind in Canada,
4 Gold and Silver Mining Stocks to Buy Right Now
NEM – Gold and silver were two of the strongest assets from March to August. Since then, prices have endured a correction. Find out why investors should remain bullish and consider buying miners like NGD, EXK, FSM, and NEM.
Dec 18, 2020
Gold and silver have exhibited more volatility than usual this year. Gold started the year at $1,521 and rallied 12% into March to $1,700. However, these gains quickly evaporated as the coronavirus induced sell-off turned into a liquidation event that resulted in weakness for safe assets like gold and bonds.
In hindsight, this decline was an ideal entry point as gold went on to rally 42% over the next five months and made new, all-time highs. Gold ended up topping at $2,089 in early-August. Silver also had an impressive 150% rally off its March lows to a high of $29. Notably, silver remained well-below its 2011 peak of $49.
Hideki Yamagishi
FWD Fuji Life Insurance (FWD Japan) has appointed Hideki Yamagishi as representative director, president and chief executive, effective January 12.
Norio Tomono will step down as CEO and become FWD s country manager for Japan while still acting as representative director. The country manager role is a newly created one, a company spokeswoman said.
Yamagishi joins FWD from NFC Holdings, a Tokyo-based insurance brokerage, where he was most recently CEO for Japan. He will now report to Huynh Thanh Phong, FWD Group CEO.
ONTARIO TEACHERS NAMES TWO APPOINTMENTS
Ben Chan
Canada’s Ontario Teachers’ Pension Plan (OTPP) has promoted Ben Chan to senior managing director from managing director for Asia Pacific.
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
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Alphabet’s life sciences and healthcare subsidiary Verily has raised $700 million in an investment round funded by its existing investors, including Alphabet, Silver Lake, Temasek, Ontario Teachers’ Pension Plan and others.
WHAT IT DOES
Verily serves as Alphabet’s research arm that develops tools and devices to collect, organize and activate health data. It also creates interventions to prevent and manage disease.
The company often partners with other health-focused organizations to bring these innovations to life at scale.
Past partnerships include a digitally driven diabetes-management tool called Onduo, developed with Sanofi. It also teamed up with digital health startup iRhythm on an initiative focused on creating screening, diagnosis and management tools for patients with atrial fibrillation.